Apple defeats consumers' crypto-payment antitrust case for now
The Hindu
The November 2023 lawsuit alleged Apple was imposing restrictions on cryptocurrency technology in its popular App Store.
A federal judge in San Francisco has dismissed a consumer lawsuit accusing Apple of driving up fees at platforms such as Venmo and Cash App by prohibiting payment apps from implementing cryptocurrency transactions.
In a ruling on Tuesday, U.S. District Judge Vince Chhabria called the proposed class action "speculative" and said it “suffers from several fatal problems.” He gave the plaintiffs 21 days to amend their complaint.
The November 2023 lawsuit alleged Apple was imposing restrictions on cryptocurrency technology in its popular App Store, harming competition for peer-to-peer payments and pushing up fees for cash and credit card transactions at PayPal’s Venmo and Block’s Cash App. It said Apple has excluded at least two Bitcoin wallet apps.
Apple on Tuesday did not immediately respond to a request for comment. The company has denied any wrongdoing.
(For top technology news of the day, subscribe to our tech newsletter Today’s Cache)
An attorney for the plaintiffs declined to comment.
Cupertino, California-based Apple in February asked Chhabria to throw out the lawsuit, arguing that the plaintiffs failed to show any unlawful app rules or business agreements.
Bombay High Court grants bail to Chetan Patil in Shivaji statue collapse case; sculptor Jaydeep Apte's plea pending.
Deadly rinderpest outbreak devastates Mudumalai Wildlife Sanctuary, highlighting the threat of diseases from domestic cattle to wild populations.
Suryanarkoil Mutt's history, traditions, and leadership succession explained in detail with references and comparisons to other Saivaite Mutts.
Upalokayukta takes action against officials for neglecting century-old Kelageri Tank in Dharwad, setting 20-day deadline for rejuvenation.
On World Fisheries Day, India launches projects for marine and inland aquaculture, aiming to transform the fisheries sector and blue economy.
Lokayukta police raid uncovers ₹26.6 crore in assets from government officials in Karnataka, leading to investigations and cases filed.
Court boycott by advocates in Tamil Nadu demands Advocates Protection Bill for safety, affecting litigants from remote villages.
Army faces allegations of harassment and torture in Kishtwar, Jammu; probe ordered, sparking concerns over human rights violations.
Karnataka’s software and services exports crossed ₹4.11 lakh crore during fiscal 2023-24 (March 2024) from ₹3.2 lakh crore a year ago, marking a 27% year-on-year growth, Minister for IT&BT, Priyank Kharge, said here on Thursday quoting Software Technology Parks of India (STPI) data.
Continuous rainfall in Thoothukudi has caused severe hardship for residents as rainwater has inundated several areas. Efforts to drain stagnant water in the city have been intensified
Indictment details Adani bribery scheme to secure solar power contracts, involving Adani Green Energy and Azure Power executives.