Deutsche Bank Develops Layer-2 Blockchain on Ethereum
Deutsche Bank, Germany’s most prominent financial institution, is reportedly advancing its blockchain initiatives by developing a layer-2 (L2) blockchain solution on Ethereum, employing ZKsync technology. This development is designed to…
Compliance-Driven Stablecoins Lead European Cryptocurrency Market
As Europe’s regulatory environment evolves, compliant stablecoins have begun to dominate the cryptocurrency market, marking a significant shift in digital asset usage across the region. A joint report by research…
EU Opens Investigation into TikTok Over Election Risks in Romania
The European Union has launched a formal investigation into TikTok‘s handling of election security risks, with a focus on Romania’s recent presidential election. Announced on Tuesday, the probe marks TikTok’s…
Meta Fined $263 Million Over 2018 Facebook Data Breach in the EU
Meta has been fined €251 million ($263 million) by Ireland’s Data Protection Commission (DPC) for a 2018 Facebook security breach that exposed the personal data of nearly three million users…
European Exchanges Maintain Tether USDT Trading Despite Coinbase’s Delisting
Despite the recent delisting of Tether’s USDT stablecoin by Coinbase for its European customers, several major cryptocurrency exchanges across Europe are continuing to support USDT. This decision comes as the…
Bybit to Cease Crypto Services for French Users by January 2025
Bybit, a prominent global cryptocurrency exchange, has announced it will discontinue withdrawal and custody services for its French users effective January 8, 2025, at 8:00 AM UTC. This decision arises…
European MP Advocates for EU Bitcoin Reserve, Rejects CBDC
European lawmaker Sarah Knafo, a French magistrate and member of the European Parliament since June, has made a strong case for the European Union to prioritize establishing a strategic Bitcoin…
EU Begins Work on IRIS² Satellite Network for Secure Connectivity
The European Union has officially signed off on IRIS², a €10.6 billion ($11 billion) satellite network designed to rival SpaceX’s Starlink. Comprising 290 satellites across low- and medium-earth orbits, IRIS²…
FCA Unveils Discussion Paper on Enhancing Crypto Market Transparency and Combating Abuse
The Financial Conduct Authority (FCA) of the United Kingdom has signaled that comprehensive crypto asset regulation could be established by 2026. As part of these efforts, the FCA has recently…
Apple’s New Feature Will Let Airlines Track Lost Luggage Using AirTag Locations
United Airlines, Air Canada, and Aer Lingus now offer travelers a new way to track lost luggage with Apple AirTags. By using Apple’s “Share Item Location” feature, available on devices…
TikTok Shop Goes Live in Spain for In-App Purchases
TikTok’s e-commerce venture, TikTok Shop, is officially launching in Spain. Announced Tuesday, this marks the start of the platform’s expanded rollout across Europe. With the U.S. market facing regulatory uncertainties,…
Romania Overturns Election After Cyberattack Scandal
Romania’s constitutional court has annulled the first round of its presidential election amid mounting evidence of cyberattacks and social media influence campaigns, raising questions about the integrity of the electoral…
French Tech Giant Thomson Computing Introduces the World’s First Web3 Laptop
Metavasio, a leading French electronics conglomerate operating under the Thomson Computing brand, has unveiled the world’s first laptop designed with Web3 capabilities, marking a significant step in integrating blockchain technology…
ThredUp Sheds European Operations, Transfers Remix to Local Leadership
Fashion resale marketplace ThredUp has sold its European business, Remix, to focus solely on its domestic U.S. operations. This move, part of a strategic realignment, sees Remix’s management team, led…
Microsoft Faces UK Lawsuit Over Cloud Pricing Practices
Microsoft is facing a lawsuit in the U.K. over allegations that it has been unfairly overcharging customers who use its Windows Server software on rival cloud platforms, including Amazon Web…
European Commission Closes Amazon Tax Case Without Back Payment
Amazon will not be required to pay €250 million ($263 million) in back taxes after the European Commission announced the closure of a long-standing state aid investigation. This decision brings…
Germany is Betting Big on Chips with a €2 Billion Subsidy Plan
Germany has announced plans to invest around €2 billion into its semiconductor industry. This funding aims to develop advanced chip production capabilities and strengthen the European semiconductor ecosystem, according to…
Declining EV Sales Push Porsche to Stick with Gas Engines
Porsche, long celebrated for its high-performance vehicles, is slowing its shift to an all-electric lineup. The automaker will continue producing internal combustion engine (ICE) vehicles for longer than anticipated, as…
London Tackles Reckless E-Bike Parking
Transport for London (TfL) is cracking down on e-bike parking issues, introducing measures to ensure compliance from operators like Lime and Forest, which oversee over 40,000 e-bikes citywide. While London’s…
Ex-Binance Executives Introduce Euro-Pegged Stablecoin Compliant with MiCA Regulations
As Europe edges closer to the final enforcement deadline of the Markets in Crypto-Assets Regulation (MiCA) by the end of the year, Schuman Financial, steered by former Binance executives including…