LinkedIn Fined €310 Million by EU for Data Privacy Violations
LinkedIn has been fined €310 million ($335 million) by Ireland’s Data Protection Commission (DPC) for improperly using members’ personal data in targeted advertising, a violation of the European Union’s General…
Bitcoin Struggles to Break $67K Despite Rising Interest from Retail and Institutional Investors
Bitcoin’s price remains stubbornly below the $67,000 mark despite significant interest from both retail and institutional investors. As of October 23, 2024, Bitcoin is trading at $66,432, reflecting a slight…
UK Financial Conduct Authority Stands Firm on Stringent Crypto Regulations
The Financial Conduct Authority (FCA) of the United Kingdom has recently responded to criticisms regarding its stringent approach to cryptocurrency regulation. In a statement released on their website on October…
Italy’s Top Bank Hit by Data Breach, Security Committee Steps In
Italy’s parliamentary security committee, COPASIR, is set to examine data storage practices in the wake of a major data breach at the country’s largest bank, Intesa Sanpaolo. The breach, which…
Vitalik Buterin Proposes Strategies to Address Ethereum’s Staking and Block Production Centralization
Ethereum co-founder Vitalik Buterin has outlined a series of proposals to combat the centralization of block production and staking within Ethereum’s network. These suggestions come as part of the “Scourge”…
European Central Bank Paper Claims Older Bitcoin Holders Exploit New Investors
A recent paper published by the European Central Bank (ECB) on October 12, 2024, has sparked controversy by claiming that older Bitcoin holders profit at the expense of newer investors.…
Cyprus Halts Crypto Applications in Preparation for EU-Wide MiCA Regulation
The European Union is set to consolidate cryptocurrency regulation under the new Markets in Crypto-Assets (MiCA) framework by December 30, replacing national laws concerning crypto asset service providers (CASPs). The…
Ireland to Implement Urgent Crypto Regulations Ahead of New EU Anti-Money Laundering Directives
Ireland is on the verge of updating its cryptocurrency regulations in response to upcoming Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) standards set by the European Union. The country’s Finance…
EU Watchdog Recommends Revisions to MiCA Cryptocurrency Regulations
The Markets in Crypto-Assets Regulation (MiCA) stands as the cornerstone of the European Union’s approach to regulating the cryptocurrency market. Recently, the European Securities and Markets Authority (ESMA) has called…
Italy Proposes Hike in Bitcoin Capital Gains Tax from 26% to 42%
The Italian government, under the direction of Deputy Economy Minister Maurizio Leo, is contemplating a significant increase in the capital gains tax on Bitcoin investments, proposing a jump from the…
The EU’s MiCA Legislation: A New Framework for Global Stablecoin Regulations
Binance, the world’s largest cryptocurrency exchange, has indicated that the upcoming regulatory framework in Europe will mark a significant advancement in stablecoin regulation. The Markets in Crypto-Assets Regulation (MiCA) from…
Crypto Exchanges in the UK and Colombia Connected to TD Bank’s Record Penalty
TD Bank’s recent compliance issues could be linked to two unnamed cryptocurrency firms operating in Colombia and the United Kingdom. On October 10, TD Bank’s U.S. division agreed to pay…
Renault’s Hybrid Strategy Pays Off Amid EV Struggles
Renault’s focus on low-cost hybrid technology is helping the French automaker gain a foothold in Europe’s growing hybrid market as the company navigates the challenging shift towards electric vehicles (EVs),…
Vitalik Buterin Reflects on Ethereum’s Future After the Merge
Ethereum co-founder Vitalik Buterin recently took to social media to share his reflections on the state of the protocol and its potential evolution following the historic Merge. In a detailed…
Vitalik Buterin Sells Additional $1.6 Million in Memecoins Designated for Charity
Ethereum co-creator Vitalik Buterin has converted another $1.6 million worth of memecoins into Ether, a portion of which he previously pledged to donate to various charitable organizations. This recent sale…
Growth Returns to Online Shopping in Europe as Cheap Marketplaces Expand
Consumer confidence is bouncing back in Europe, driving the revival of online shopping this year, according to a report by industry group Ecommerce Europe. This recovery comes as low-cost platforms…
Bitcoin Drops to $59K as Altcoins Struggle with Regulatory Hurdles
Bitcoin has fallen below the $60,000 mark for the first time since September 18, leading market participants to speculate about the possibility of further declines. As of October 10, Bitcoin’s…
HSBC exec warns of excessive AI hype in financial industry
Edward J. Achtner, head of generative AI at HSBC, expressed concerns over the effectiveness of artificial intelligence within the financial sector, labeling much of what is being presented by companies…
Nintendo Seeks 10,000 Testers for New Switch Online Feature
Nintendo has launched a search for 10,000 testers, offering them first access to a mysterious new Switch Online feature. While the announcement provides few details and offers no concrete hints…
Bison Debuts Insured Ethereum Staking Service Under Börse Stuttgart Group
Bison, the cryptocurrency trading platform operated by Börse Stuttgart Group, has recently unveiled a groundbreaking insured staking service tailored for Ethereum users. This innovative feature empowers customers to engage in…