Crypto Currency

Could Feds Force Companies to Support Your Right to Repair?

being grilled by a Senate committee over the company’s foray into cryptocurrency, the Federal Trade Commission was hosting another tech-related panel a mile and a half away. This panel received much less attention and made far fewer headlines than the $5 billion fine slapped on Facebook the week before. But it raised similar questions about…

being grilled by a Senate committee over the company’s foray into cryptocurrency, the Federal Trade Commission was hosting another tech-related panel a mile and a half away. This panel received much less attention and made far fewer headlines than the $5 billion fine slapped on Facebook the week before. But it raised similar questions about the influence of big corporations over the tech we use every day.

The FTC-hosted panel, called Nixing the Fix, asked whether consumers should be able to fix the gadgets they purchase or take them to an unauthorized repair shop without incurring a penalty. Today, customers who take repairs into their own hands often risk voiding their warranty.

The panel included both proponents of the right-to-repair movement—who say tech manufacturers are putting unnecessary restrictions on gadget repairs in order to perpetuate their market dominance—and those who believe thereshouldbe guardrails around personal electronics repairs, whether for safety or cybersecurity-related reasons.

As with many FTC workshops, it’s hard to say exactly what will happen in the weeks and months to come. But this event was particularly noteworthy in that it was the first of its kind held at the federal level. To date, right-to-repair legislation has largely been taken up at the state level. And proponents of right-to-repair bills say they felt bolstered by the FTC workshop, citing it as further evidence that this issue is becoming more relevant in the age of never-ending electronic updates and subsequent repairs.

“The FTC is paying active attention to the technology world, and whether we can repair our own devices is highly relevant to that,” says Kyle Wiens, the CEO of iFixit, who sits on the side of right to repair. “It’s part of the skepticism of technology companies on the Hill right now.”

Move Fast and Fix Things

At the heart of the issue lies the Magnuson-Moss Warranty Act, passed by Congress in 1975. The act was written in response to “widespread consumer dissatisfaction with both the content and performance of warranty obligations,” according toFordham Law Review.

In short, it’s the law that governs consumer product war­ranties, and it prevents manufacturers—from automakers to tablet makers—from denying warranty coverage on a conditional basis. Manufacturers can’t void the warranty on a product just because the consumer went and repaired it themself, swapped parts, or had it fixed by a third party.

But some manufacturers still use language suggesting that your warranty will be voided. Last April the FTC sent warning letters to six major companies: Asus, Hyundai, HTC, Microsoft, Nintendo, and Sony. (Vice first obtained the list of manufacturers by filing a request under the Freedom of Information Act.) In some cases, as with Microsoft’s Xbox One warranty, the language is just iffy enough to butt up against the law. Others are more explicit, like HTC,

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Crypto Currency

Namibia Judge Revokes Bail for Eight Missing Suspects in Crypto Fraud Trial

Chinese nationals charged in an international cryptocurrency fraud and human trafficking ring in Namibia failed to appear in court and have been traced back to China. State authorities have requested Interpol’s assistance to locate them. Six Chinese nationals facing human trafficking and cryptocurrency fraud charges in Namibia have fled the country and been traced back

Chinese nationals charged in an international cryptocurrency fraud and human trafficking ring in Namibia failed to appear in court and have been traced back to China. State authorities have requested Interpol’s assistance to locate them. Six Chinese nationals facing human trafficking and cryptocurrency fraud charges in Namibia have fled the country and been traced back [……
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Crypto Currency

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After a steep downturn in early February, the Bitcoin price saw a significant turnaround over the following two months. While the month of May initially continued on this positive note, the premier cryptocurrency seems to have cooled off over the past week — aligning with BTC’s track record of not registering three consecutive months of

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Crypto Currency

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Bitcoin is experiencing a steady decline, as prices dipped below $60,000 in the past week. The leading cryptocurrency has struggled to sustain upside momentum after multiple rejections at the $82,000 price level over the last month. Meanwhile, analysts remain divided between the potential of a resurgence and the possibility of another extended correction…
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Crypto Currency

Moomoo Expands Texas Crypto Offering With Wallet Deposit and Withdrawal for Retail Investors

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Moomoo, a subsidiary of Hong Kong-based
online brokerage Futu, has expanded its cryptocurrency trading services to
investors in Texas and introduced a new direct crypto deposit and withdrawal
feature for U.S. users, according to a company statement.A relevant comparison
can be drawn with IG Group,
which has been granted a cryptoasset licence by the UK Financial Conduct
Authority…
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