lending

A federal judge ruled Friday that a nonprofit online platform violated the copyrights of four leading publishers by lending digitally scanned copies of their books without permission.U.S. District Judge John Koeltl in Manhattan rejected arguments by the organization Internet Archive that it was making fair use of the copyright-protected books in its possession by allowing online readers to borrow digital copies, one person at a time. The case was being closely watched as a test of copyrights and library lending in a…

A federal judge has ruled against the Internet Archive in its high-profile case against a group of four US publishers led by Hachette Book Group. Per , Judge John G. Koeltl declared on Friday the nonprofit had infringed on the group’s copyrights by lending out digitally scanned copies of their books. The lawsuit originated from the Internet Archive’s decision to launch the “National Emergency Library” during the early days of the pandemic. The program saw the organization offer more than 1.4 million free ebooks, including…

A US judge ruled that an online library operated by the nonprofit organisation Internet Archive had infringed the copyrights of four major US publishers by lending out digitally scanned copies of the books. The ruling by US District Judge John Koeltl in Manhattan came in a closely-watched lawsuit that tested the ability of the Internet Archive to lend out the works of writers and publishers that remained protected by US copyright laws for free. The San Francisco-based non-profit over the past decade has scanned millions…

After a slow start in the UK and Europe, open banking is catching on with fintechs, who are using APIs to access banking data and rails and using them as an alternative to traditional credit networks to build products. Now, a UK-based consumer lending service called Abound is doubling down on its ambitions in the space with a big fundraise to fuel its own open-banking-based business. The startup has raised a whopping £500 million ($601 million at today’s rates) — money that it will be using to help finance loans, to…

Private cryptocurrencies will not replace fiat currencies, said Nandan Nilekani, cofounder and non-executive chairman of Infosys, on Friday. He said incidents like the “fall of cryptocurrency exchange FTX in the United States” have shown that private cryptocurrencies aren’t a big threat. “Because of the rise of private cryptocurrencies, central banks are thinking of digital currencies backed by them - CBDCs (central bank digital currency),” Nilekani, who was speaking at the Bharat Inclusion Summit in Bengaluru, said.…

Check the below list of top 10 crypto lending platforms in 2023 which allow all types of coins Depositing cryptocurrency and lending it to borrowers in exchange for regular interest payments is known as “crypto lending.“ Customer deposits of cryptocurrencies serve as collateral on crypto lending platforms. The interest rates on loans offered by various crypto lending loan apps can range anywhere from 0% to 50%. Through Yearn Finance or other means, the user of the best crypto lending platforms in 2023 can lower the…

Polygon (MATIC) powers the Polygon network. Polygon (MATIC) looks to facilitate cheaper and faster transactions than Ethereum. Polygon (MATIC) uses layer 2 sidechains that run alongside the main chain of Ethereum. Solana (SOL) is an open source project designed to facilitate the creation of dApps. Solana (SOL) helps improve scalability and enjoys interest from institutional and small-time traders. Solana (SOL) aims to make decentralized finance available on a large scale. The launch of TMS Network (TMSN) decentralized…

Fintechs will fuel digital lending over the next seven years, and take it ahead of traditional lending by 2030 in the unsecured loans category, a credit information company said. This will be driven by deeper inroads being made in the unsecured small-ticket size segment as well as the secured collateral-based high-ticket size market, the report by Experian India said. The company said it analysed the role of fintech-led digital lending to arrive at the predictions on the unsecured lending front, where lending happens…

In a major crackdown, the Central government has initiated the process to ban and block 138 betting apps and 94 loan lending apps with Chinese links on an 'urgent' and 'emergency' basis, top government sources said on Sunday.Ministry of Electronics and Information Technology (MeitY) is learnt to have taken the decision based on the recommendations of the Ministry of Home Affairs (MHA).As per sources, the MHA recommended the MeitY this week to ban and block these apps, and the Ministry subsequently initiated the process as…

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