According to Cointelegraph, the United Kingdom's High Court of Justice delivered a mixed verdict on Tuesday in the intellectual property case between Getty Images and Stability AI, filed in 2023. The ruling largely favored Stability AI but left unresolved questions regarding the use of copyrighted material by artificial intelligence. Getty Images, which licenses its extensive library of copyrighted stock images for a fee, accused Stability AI's Stable Diffusion model of infringing on its trademark and copyrighted content. The court found that the AI model did infringe on Getty's trademark by reproducing its watermark in certain instances. However, Justice Joanna Smith noted that these findings were "extremely limited in scope." Justice Smith ruled that Getty Images failed to demonstrate that any UK users employed Stable Diffusion to reproduce the watermark, a requirement under UK law to establish "primary infringement." The court also dismissed the "secondary infringement" claim, as the AI model does not store or reproduce the images, thus not meeting the criteria for a violation under the UK's Copyright, Designs and Patents Act (CDPA) of 1988. Smith stated that while an "article" may be intangible under the CDPA, an AI model like Stable Diffusion, which neither stores nor reproduces any Copyright Works, does not constitute an "infringing copy," and therefore, no infringement occurs under sections 22 and 23 of the CDPA. The ruling suggests that while brands may still protect their trademarks from AI reproduction, the specificities of this case prevent it from setting a broad legal precedent. This leaves significant questions about AI training and intellectual property open for further discussion. In a related development, U.S. judge William Orrick issued a similar ruling in October 2023, dismissing most copyright infringement claims against Midjourney AI, DeviantArt, and Stability AI. Orrick concluded that images generated by AI models do not constitute copyright infringement as they do not closely resemble the original works on which the models were trained. The absence of robust legal protections for content creators and artists has led several blockchain and Web3 companies to develop data provenance solutions to record ownership and verify sources of information, copyrighted material, and other intellectual property. These solutions include non-fungible tokens (NFTs), which can track original ownership and assign royalty rights for various creative works, such as art, essays, books, and musical productions.

The mixed ruling was claimed as a victory by both Stability AI and Getty Images, muddying the legal waters around AI and intellectual property. source: https://cointelegraph.com/news/uk-ruling-getty-images-ai-lawsuit-ip?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Tangem has officially launched Tangem Pay, a new payment solution that allows users to spend $USDC stablecoins directly through a virtual Visa card, bridging the gap between self-custody wallets and traditional payment networks. source: https://www.ethnews.com/tangem-launches-visa-backed-tangem-pay-to-let-users-spend-usdc-worldwide/

Robinhood’s rise from zero-fee startup to S&P 500 heavyweight continues as it posts record Q3 revenue and earnings, driven by crypto, options, and prediction markets. source: https://www.thestreet.com/crypto/business/robinhood-beats-wall-street-expectations-with-record-earnings

Despite dipping the past five days, the company's share price has risen roughly 260% year-to-date. source: https://decrypt.co/347352/robinhood-q3-earnings-top-analysts-expectations-crypto-revenue-surges

null source: https://x.com/BTC_Archive/status/1986188156304019588

According to Cointelegraph, discussions regarding the digital asset market structure bill are ongoing in the U.S. Senate, despite the longest government shutdown in the nation's history. Republican Senator John Boozman, a member of the Senate Agriculture Committee, is set to discuss the legislation with White House crypto and AI czar David Sacks and Democratic Senator Cory Booker. This conversation is part of efforts to finalize a discussion draft of the bill, which is anticipated to be a pivotal piece of legislation for the crypto industry during the current congressional session. Initially approved by the House of Representatives in July, the bill was expected to pass in the Senate with bipartisan support. However, the process has been complicated by Democratic demands for provisions concerning decentralized finance protocols and the ongoing government shutdown, which has reached its 36th day. It remains uncertain whether Senate lawmakers will prioritize crypto legislation over a funding bill needed to reopen the government and restore full operations to financial agencies like the Securities and Exchange Commission and the Commodity Futures Trading Commission. Following recent Democratic victories in Tuesday's elections, some senators, including Chris Murphy, have advocated for maintaining pressure on Republican lawmakers to support extending healthcare subsidies and reversing cuts from a July funding bill. North Carolina Senator Thom Tillis, a Republican, indicated that lawmakers have until early next year to pass the crypto legislation before the 2026 midterm elections complicate the process further. Meanwhile, Wyoming Senator Cynthia Lummis, a sponsor of the market structure bill, initially aimed to have the legislation signed into law by the end of the year, a goal now appearing less feasible due to the shutdown. At Ripple’s Swell conference in New York City, Patrick Witt, executive director of U.S. President Donald Trump’s Council of Advisors for Digital Assets, acknowledged that the government shutdown has introduced challenges to the market structure discussions. While the lack of meetings during the shutdown has allowed for increased engagement among lawmakers, the absence of technical expertise from furloughed agency staff has posed difficulties in evaluating the bill. Despite these hurdles, efforts continue at the staff level to secure the necessary votes in committee to advance the legislation.

Stable announces second pre-deposit event phase with $500 million USDC cap, enhancing on-chain USDT liquidity. source: https://coincu.com/news/stable-pre-deposit-launch/

Some experts suggest that the US Senate is more likely to pass a funding bill to reopen the government before any crypto legislation. source: https://cointelegraph.com/news/white-house-david-sacks-market-structure-shutdown?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Robinhood posted a blowout quarter on Wednesday, pushing Q3 revenue to $1. 27 billion, doubling from last year, and crushing analyst forecasts. Wall Street had expected $1. 19 billion, but the company overshot, driven by surging crypto trades and higher user engagement. Earnings per share hit 61 cents, up from 17 cents a year ago, and above […] source: https://www.cryptopolitan.com/robinhood-doubles-q3-revenue-to-1-27b/

Onyx, a once prominent player in the Ethereum-based lending market, faced a staggering setback recently.