Industry Leader Advocates Broader Scope for European Chips Act Revision
The European Semiconductor Industry Association (ESIA) has urged the European Commission to expand its semiconductor strategy to include “foundational and legacy” chips, citing the region’s established expertise in these technologies.…
Russia Sets to Impose Crypto Mining Limits in 13 Regions to Conserve Energy
The Russian government is actively deliberating the imposition of crypto mining restrictions across 13 regions to mitigate energy shortages, particularly during peak demand periods. This decision follows the enactment of…
Paxos Expands into the EU with Membrane Finance Acquisition for Stablecoin Growth
Paxos, a leading blockchain infrastructure platform, has strategically positioned itself for an expansion into the European market by acquiring Membrane Finance, a Finnish Electronic Money Institution. This acquisition is set…
Polish Presidential Candidate Pledges Support for Strategic Bitcoin Reserve
Polish presidential candidate Sławomir Mentzen has vowed to create a Bitcoin reserve if he wins the country’s 2025 election, echoing a similar promise made by U.S. President-elect Donald Trump during…
Revolut Expands Cryptocurrency Exchange to 30 New European Markets
Revolut, the cryptocurrency-friendly neobank, has extended its crypto exchange services to 30 new markets across the European Economic Area (EEA). The expansion includes countries such as Belgium, Cyprus, and Denmark,…
EU Publishes First Draft Code of Practice for General-Purpose AI Mode
The European Union has taken a significant step toward regulating artificial intelligence with the publication of a draft Code of Practice. This initial version targets providers of general-purpose AI models,…
EU Regulator Issues Restrictive Measure Guidelines for Crypto Providers
The European Banking Authority (EBA), Europe’s key regulatory body overseeing the banking sector, has released two sets of guidelines aimed at improving compliance with the European Union’s restrictive measures, particularly…
Google to End Political Ads in the EU
Google plans to stop serving political ads in the European Union next year, citing concerns over new regulations aimed at enhancing transparency. This move follows similar actions in France, Canada,…
Italy Moderates Proposed Crypto Tax Increase
The Italian government is reportedly revising its approach to cryptocurrency taxation, proposing to increase the capital gains tax on digital assets from 26% to 28%, rather than the previously speculated…
Bitget Resumes Operations in the UK Following Regulatory Compliance
Cryptocurrency exchange Bitget has officially resumed its services in the United Kingdom, aligning with local financial regulations to ensure full compliance with the financial promotions regime. This development, confirmed on…
Guardian Pulls Official Accounts from Musk’s X
The Guardian has announced it will no longer post on X, the social media platform owned by Elon Musk and formerly known as Twitter. The decision, affecting more than 80…
Apple Faces $3.8 Billion UK Lawsuit Over Alleged iCloud Monopoly
Apple finds itself at the center of a £3 billion lawsuit in the United Kingdom, claiming the tech giant has violated competition laws by imposing inflated prices on its iCloud…
French Newspapers Sue Social Platform X, Demand Payment for Shared News
French newspapers have banded together to take social platform X to court, accusing it of skirting a law that requires digital platforms to pay for reusing news content. Heavyweights like…
Crypto Market Cap Reaches $3.1 Trillion, Poised to Outpace France’s GDP
On November 11, the total capitalization of the cryptocurrency market reached an unprecedented high of $3.12 trillion, nearing the size of France’s gross domestic product (GDP). This surge represents a…
Ai-Da Robot Sells Historic Artwork for $1 Million at Auction
Ai-Da, a humanoid AI-powered robot, has made history as the first robot to sell a work of art at auction. The portrait, titled “AI God,” which depicts Alan Turing —…
France’s Gaming Authority Reviews Crypto Betting Platform Polymarket for Potential Ban
France’s gambling regulator, the Autorité nationale des jeux (ANJ), is scrutinizing the cryptocurrency prediction market Polymarket, which has become a focal point due to its heightened activity around the 2024…
Lamborghini Partners with Animoca Brands and Transak for Revuelto NFT Launch
Automobili Lamborghini is stepping into the non-fungible token (NFT) realm through its upcoming mint of the Revuelto NFTs, scheduled for November 7. This initiative is part of Lamborghini’s Fast ForWorld…
Regulatory Concerns Surround Crypto.com in Poland
The Polish Financial Supervision Authority (KNF) has recently highlighted Foris DAX MT, the Malta-based entity operating under the well-known Crypto.com brand, for potentially engaging in unauthorized financial activities within Poland.…
EU Probes Corning Over Gorilla Glass Contracts
The European Union launched an investigation into Corning Inc., the American company behind the popular Gorilla Glass, for possible violations of competition laws. Corning, a major supplier of specialized toughened…
Robinhood, Kraken, and Paxos Spearhead New Global Dollar Stablecoin Initiative
A consortium of leading cryptocurrency and traditional finance companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has announced the launch of a new stablecoin network aimed at promoting the global…