UK Government Sets Sights on Regulating Advanced AI Models
Britain’s newly elected Labour government announced plans to explore effective regulation of artificial intelligence models. However, they stopped short of proposing specific laws. In a speech on Wednesday, King Charles…
OKX Chooses Malta as MiCA Hub to Ensure EU Crypto Compliance
OKX, a prominent crypto exchange and Web3 technology company, has announced that it will establish Malta as its Markets in Crypto-Assets (MiCA) hub. This decision aims to ensure compliance with…
Meta Won’t Launch Its AI Models in Europe Due to Uncertain Regulations
Meta will withhold its multimodal AI models from the EU amid regulatory uncertainty. This decision could prevent services using Meta’s AI models from being offered in Europe. Meta announced that…
EU Blockchain Initiatives Progress from Hype to Practical Implementation, Report Reveals
The International Association for Trusted Blockchain Applications (INATBA) has released an insightful report indicating a significant shift in the nature of blockchain projects within the European Union. According to the…
UK Video Game Sales Plummet by 30% in First Half of 2024
UK video game sales have seen a substantial decline, dropping by 30% in the first half of 2024 compared to the same period in 2023. This trend aligns with a…
New ‘Crypto Ring’ Brings Bitcoin Self-Custody to Everyday Users
The concept of cryptocurrency self-custody is undergoing a transformation with the introduction of wearable technology. Tangem, a hardware wallet company, has announced the launch of the Tangem Ring on July…
Huma Secures $80M Funding to Revolutionize Healthcare Apps Using Generative AI
The influence of AI is expanding across various industries, including the strictly regulated healthcare sector. London-based health-tech company Huma has unveiled an AI-powered cloud platform designed to help startups create,…
You Can Now Add Multiple Audio Tracks to Instagram Reels
Instagram announced a new feature allowing users to add multiple audio tracks to their Reels, available globally starting Tuesday, July 16. This update enables creators to incorporate up to 20…
Microsoft’s Hiring of Inflection Staff Faces UK Merger Probe
Microsoft’s recent hiring of employees from Inflection AI has prompted the UK’s Competition and Markets Authority (CMA) to initiate a merger investigation. This hiring includes key figures such as Mustafa…
German Government’s Bitcoin Sale Nets $2.8 Billion
The German government has confirmed a substantial emergency sale of Bitcoin, which commenced in June 2024. An official statement from the state of Sachsen on July 17 detailed the sale…
Stripe Enables Cryptocurrency Purchases for European Clients, Report Reveals
Stripe, a leading financial services provider, has recently broadened its cryptocurrency offerings in the European market. This expansion enables European consumers to purchase cryptocurrencies like Bitcoin and Ether using their…
Kaspersky to Shut Down U.S. Operations and Lay Off Staff After Ban
Kaspersky will exit the U.S. market and lay off dozens of employees following a U.S. government ban on its software due to security concerns. Starting July 20, the Russian cybersecurity…
Agility Robotics’ Digit Starts First Official Job at Spanx Factory
Agility Robotics’ humanoid robot, Digit, has begun its first official job at a Spanx factory in Connecticut. This deployment follows a multi-year agreement with GXO Logistics Inc., the world’s largest…
New EU AI Regulations Increase Operational Costs for Chinese Tech Companies
The European Union (EU) is set to implement the world’s first comprehensive artificial intelligence (AI) regulations on August 1. These new rules are expected to significantly increase compliance and assessment…
Users Can Now Try iOS 18 and More as Apple Releases Public Betas
Apple has launched public betas for iOS 18, macOS Sequoia, iPadOS 18, watchOS 11, and tvOS 18, providing users early access to the upcoming features across its devices. The iOS…
Significant Moon Cave Discovery Could Shelter Future Astronauts
Researchers have uncovered a significant underground cave on the moon, accessible from the surface, which may prove pivotal for future lunar explorations and habitation. This discovery, reported in the journal…
Bitcoin and Ethereum Drive Record $17.8 Billion in Crypto Inflows
The digital asset investment landscape has experienced a remarkable surge in 2024, with inflows into cryptocurrency investment products reaching a record-breaking $17.8 billion year-to-date (YTD). This substantial capital influx suggests…
European Commission Finds X’s Blue Checkmarks Misleading
The European Union has announced that the blue checkmarks on Elon Musk’s platform, X, violate the bloc’s social media laws. These checkmarks, which cost $8 for verification, are seen as…
Ethereum Surpasses $3,300, Anticipated ETF Approvals Could Fuel Further Gains
As the financial world stands on the precipice of a significant shift, Ethereum (ETH) has witnessed a remarkable price increase, surpassing the $3,300 mark. This surge comes in anticipation of…
Bitcoin Whales Snapped Up $4.3B of BTC Amid Price Slump
Bitcoin whales took full advantage of the crypto market slump earlier this month, accumulating 71,000 Bitcoin amid the fastest rate of Bitcoin stacking since April 2023. Significant Accumulation During Market…