French Families Sue TikTok Over Harmful Content Claims
Seven French families are taking TikTok to court, accusing the social media giant of exposing their teenage children to content so harmful it led to two suicides. The lawsuit, filed…
Italian Finance Minister Supports Increased Crypto Capital Gains Tax
Giancarlo Giorgetti, Italy’s Minister of Economy and Finance, recently addressed the controversy surrounding the proposed increase in the capital gains tax on cryptocurrencies, including Bitcoin, to 42%. Speaking at a…
Rufus, Amazon’s AI Shopping Assistant, Finally Lands in Europe
Amazon’s AI-powered shopping chatbot, Rufus, is officially making its way across Europe. After launching stateside in February and landing in the U.K. last month, Rufus is now available in beta…
AI Surge Puts Europe’s Data Centers and Environmental Goals at Odds
The rise of artificial intelligence is prompting European data center developers to confront environmental challenges, as growing demand for high-powered, energy-intensive facilities pressures the industry to adapt. AI’s increasing reliance…
UK Man Sentenced to 18 Years for AI-Generated Child Abuse Images
A 27-year-old man from Bolton, UK, was sentenced to 18 years in prison for producing AI-generated child sexual abuse images, in what has been described as a landmark case, The…
AI Brings Brenda Lee’s Iconic Christmas Song to New Audiences with Spanish Version
Universal Music Group has released a Spanish version of Brenda Lee’s 1958 hit “Rockin’ Around the Christmas Tree” by leveraging SoundLabs’ artificial intelligence technology. Named “Noche Buena y Navidad,” the…
Vitalik Buterin Leads KOL Mindshare Amidst Intense Criticism of Ethereum
In recent developments within the crypto community, Ethereum co-founder Vitalik Buterin has emerged as the most influential Key Opinion Leader (KOL), commanding the highest mindshare in discussions surrounding blockchain technology…
EU and China Agree to Continue Talks on Electric Vehicle Tariff Alternatives
The European Union and China have agreed to proceed with additional technical discussions in the coming days to explore alternatives to imposing tariffs on China-manufactured electric vehicles (EVs). Both the…
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…