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Court Allows Antitrust Case Against Live Nation

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A U.S. federal judge has rejected Live Nation Entertainment’s request to dismiss a lawsuit accusing the company of attempting to dominate the live concert market.

The decision allows the antitrust case, brought by the Department of Justice along with multiple states, to move toward trial. Jury selection is expected to begin in early March.

Authorities allege that Live Nation has used its influence across ticketing, venues and promotions to limit competition and potentially harm both performers and audiences. The lawsuit follows long-standing concerns about the company’s market position, particularly after its 2010 acquisition of Ticketmaster.

The judge ruled that there is sufficient dispute over whether Live Nation leveraged its market power in ways that restricted competition, allowing key claims to proceed.

However, some allegations related to concert promotion and booking services were dismissed.

Live Nation has denied any misuse of market dominance and maintains that its practices did not negatively affect consumers.

The case marks a significant step in ongoing scrutiny of competition within the live entertainment sector.

UK Introduces 48-Hour Rule for Image Removal

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The United Kingdom is set to require technology platforms to remove nonconsensual intimate images within 48 hours of being reported or face significant financial penalties.

Under proposed legal changes, companies that fail to act within the deadline could be fined up to 10 percent of their eligible global revenue and may even risk having their services restricted.

The move comes as part of broader efforts to strengthen online protections, particularly in response to growing concerns about digital abuse and the misuse of artificial intelligence to create explicit content.

While sharing such material is already illegal in the UK, victims have often struggled to ensure its permanent removal. The new rules aim to simplify the process by allowing individuals to report content once, after which platforms must prevent its reappearance across their services.

Media regulator Ofcom is also considering new technical requirements, including the use of hash-matching systems to detect and block illegal material before it spreads.

The initiative forms part of a wider debate around online safety, including discussions on potential limits for younger users on social media platforms.

Bithumb Blames System Flaws for $40 Billion Bitcoin Error

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South Korea’s crypto exchange Bithumb said serious internal system flaws allowed an erroneous transfer of more than $40 billion in bitcoin during a promotional event last week, prompting regulatory scrutiny and market volatility. The exchange accidentally distributed about 620,000 bitcoins to customers instead of 620,000 won ($426), triggering a sharp 17% drop in bitcoin prices on its platform.

Chief Executive Lee Jae-won told lawmakers the error was exacerbated by a roughly 24-hour processing lag that delayed balance updates. The mistaken transfer amounted to roughly 15 times the exchange’s bitcoin holdings. Internal safeguards—including checks comparing transfer volumes with actual reserves—failed, and the assets were not earmarked in a separate account to ensure transaction safety.

Most of the bitcoins have since been recovered, though regulators said 1,786 coins were sold before accounts were frozen. Authorities stated that customers who sold the mistakenly credited assets are legally required to return them. The incident has sparked criticism in parliament over oversight failures in one of the world’s most active crypto markets.

The head of the Financial Supervisory Service said the episode underscores the need for stronger regulatory frameworks, adding that virtual asset platforms should ideally face oversight similar to banks, though current laws do not yet provide that authority.