Meta’s Consent or Pay Model May Face Charges for Violating EU’s Digital Markets Act
Meta is under scrutiny by the European Union for violating the Digital Markets Act (DMA), following a recent investigation. This investigation, which also includes Apple and Google’s parent company Alphabet,…
Historical Trends Suggest Potential Bitcoin Recovery in July
Despite experiencing a 7% decline in June, Bitcoin may be poised for a strong rebound in July, continuing a pattern observed in previous years. Historical data from Coinglass, which has…
Decrease in Crypto Hacking Incidents: June Sees a 54.2% Reduction in Losses
June witnessed a significant decline in the financial impact of cryptocurrency hacks, with losses plummeting by 54.2% compared to the previous month. This marked reduction highlights a shift in the…
Volkswagen Gathers Rivian Talent for Silicon Valley Software Hub
Volkswagen Group’s recent $5 billion partnership with Rivian is already bearing fruit, as VW has been leveraging Rivian’s software talent months before the official announcement. VW’s software division, Cariad, has…
AI personal assistant startup Ario secures $16 million to democratize digital assistants
Ario, a startup developing an AI-powered personal assistant, announced today it has secured $16 million in funding to advance its innovative “universal basic AI” technology. This groundbreaking approach aims to…
Rivian Secures $5 Billion from Volkswagen Partnership
Volkswagen and Rivian have announced a $5 billion partnership, focusing on the development of software-defined vehicle platforms. This collaboration involves Volkswagen adopting Rivian’s zonal architecture, while Rivian secures significant funding.…
Profitable Cryptocurrency Sectors of Early 2024 Unveiled
The first half of 2024 has showcased significant profitability variations across various sectors within the cryptocurrency industry. Analysis from BitEye, CoinGecko, and Wu Blockchain highlights which areas have thrived and…
Bitstamp Prepares for MiCA Compliance by Delisting EURT
As Europe prepares to fully implement the Markets in Crypto-Assets Regulation (MiCA), cryptocurrency exchange Bitstamp is aligning its operations with the new regulatory framework. In a proactive measure, Bitstamp has…
Chinese-owned chipmaker Nexperia invests a big $200 million in expanding its European operations
AMSTERDAM/HAMBURG – Nexperia, a global leader in the production of basic semiconductors such as diodes and transistors, announced on Thursday that it will invest $200 million to expand capacity at…
Google Translate Uses AI to Add 110 Languages
Google Translate has significantly improved its ability to learn new languages, thanks to generative AI. On Thursday, June 27, Google announced that its Translate tool now supports 110 new languages,…
Ethereum Experiences Continued Inflation for Over 73 Consecutive Days
Since the significant network upgrade known as the Merge in 2022, Ethereum has entered its most prolonged inflationary period to date. This sustained increase in Ether supply is largely attributable…
Apple Expands Self-Service Repair Program to Europe
Apple has announced the expansion of its self-service repair program, now available in 32 European countries, including the UK, France, and Germany. This initiative, named Apple Diagnostics for Self Service…
German Government Transfers 900 Bitcoin, Including 400 BTC to Coinbase and Kraken
The German Government, via a cryptocurrency wallet labeled by the Bundeskriminalamt (BKA), has conducted significant transactions involving over $54 million worth of Bitcoin. These operations took place in three distinct…
Three Innovative Solutions to Beat the Heat and the Visionaries Behind Them
As dangerous heat becomes increasingly unavoidable, a variety of practical innovations are emerging worldwide to protect those most vulnerable to its hazards. Notably, these efforts leverage existing, proven technologies rather…
European Central Bank Issues Initial Update on Central Bank Digital Currency Progress
The European Central Bank (ECB) has published its inaugural progress report on the development of a central bank digital currency (CBDC), as of June 24. This comprehensive update sheds light…
EU Accuses Apple of Violating Tech Rules
European Union regulators accused Apple of breaching the Digital Markets Act (DMA) for restricting App Store customers from accessing alternative options. The European Commission highlighted that Apple’s fees for developers…
CoinShares Achieves 116% Recovery from Sale of FTX Claim
CoinShares International, a prominent European investment firm specializing in digital assets, recently announced the successful sale of its claim against the bankrupt cryptocurrency exchange, FTX. This milestone is significant as…
Transaction Fees for Bitcoin and Ethereum Drop to Seven-Month Low
In a stark contrast to the often volatile crypto landscape, Bitcoin and Ether transaction fees have significantly dropped, reaching their lowest points in several months. This change coincides with one…
Apple Delays AI Product Launch in EU Due to DMA Compliance Issues
Apple has announced that it will not launch its new “Apple Intelligence” AI product, along with three other features, in the European Union in 2024. The decision stems from concerns…
China Urges EU to Drop Planned Tariffs and Follow WTO Rules, State Media Reports
In a recent development, China has called on the European Union (EU) to retract its provisional decision to impose significant tariffs on Chinese electric vehicles (EVs). The appeal follows an…