China and Russia Lead the Way in Using Bitcoin for Energy Transactions In recent years, the world has witnessed a significant shift towards digitalization across various industries, and the energy sector is no exception. One of the most intriguing developments in this realm is the increasing use of Bitcoin and other cryptocurrencies to facilitate energy […]
New rules in Thailand aim to tackle foreign P2P crypto services
New Regulations in Thailand to Regulate Foreign P2P Crypto Services In a bold move to combat online financial crimes and tighten control over digital asset businesses, the Thai Securities and Exchange Commission (SEC) has recently approved new emergency decrees. These regulations specifically target foreign peer-to-peer (P2P) crypto services operating within the country’s borders. The aim […]
Itaú Unibanco explores real-pegged stablecoin creation
Itaú Unibanco Explores Real-Pegged Stablecoin Creation Itaú Unibanco, one of Brazil’s leading financial institutions, has set its sights on delving into the world of stablecoins by exploring the creation of a real-pegged digital currency. With the rise of blockchain technology and the increasing popularity of cryptocurrencies, Itaú Unibanco’s move towards stablecoin development showcases a strategic […]
FDIC permits banks to engage in crypto without prior approval
FDIC Permits Banks to Engage in Crypto Without Prior Approval In a monumental shift for the banking industry, the Federal Deposit Insurance Corporation (FDIC) has recently announced that banks are now permitted to engage in cryptocurrency activities without prior approval. This decision marks a significant departure from the FDIC’s previous stance, as documents released following […]
NHS contractor fined after ransomware attack
NHS Contractor Faces Multimillion-Pound Fine Following Ransomware Attack In the ever-evolving landscape of cybersecurity threats, the recent ransomware attack on the National Health Service (NHS) in 2022 sent shockwaves through the healthcare industry. The attack, which was attributed to a tech vendor working with the NHS, not only disrupted critical services but also exposed serious […]
WhatsApp wins support in EU fine appeal
WhatsApp Wins Support in EU Fine Appeal In a significant development for tech giant WhatsApp, the European Court of Justice is poised to rule on the company’s appeal following a favorable recommendation from an advocate general. The case revolves around a fine imposed on WhatsApp by the European Commission over concerns related to data sharing […]
AML Bitcoin CEO faces up to 30 years for investor deception
AML Bitcoin CEO Faces Up to 30 Years for Investor Deception The world of cryptocurrency has been fraught with controversy and scandal, with the latest case involving the CEO of AML Bitcoin, Marcus Andrade, facing up to 30 years in prison. A jury recently found Andrade guilty of wire fraud and money laundering, directly linked […]
Tech giants challenge Australia’s exemption for YouTube
Tech Giants Push Back Against Australia’s Exemption for YouTube Tech firms are up in arms over Australia’s decision to grant YouTube special treatment under the country’s upcoming stringent social media regulations. The exemption for YouTube, which is owned by Google, has sparked a heated debate among industry players and policymakers alike. With the regulations set […]
UK regulator sets deadline for assessing online content risks
UK Regulator Sets Deadline for Assessing Online Content Risks In a digital age where the internet plays a pivotal role in our daily lives, ensuring online safety has become a pressing concern. The United Kingdom has taken a crucial step towards this goal by setting a deadline for assessing the risks associated with online content. […]
European groups back new cybersecurity label for cloud services
European Industry Groups Advocate for Rapid Implementation of New Cybersecurity Label for Cloud Services In a digital age where data breaches and cyber attacks are becoming increasingly prevalent, ensuring the security of cloud services is paramount. Recognizing this urgency, 23 prominent European industry groups have joined forces to advocate for the swift adoption of a […]