Rumble CEO Leaves Europe After Pavel Durov’s Arrest

August 26, 2024 Bitcoin.com

bitcoin.com

Chris Pavlovski, founder and CEO of Rumble, an independent online video platform, has reported that he left Europe after the arrest of Telegram CEO Pavel Durov. Pavlovski criticized the measures taken against Durov, stating that France had “crossed a red line” by arresting him for not censoring speech. “Rumble will not stand for this behavior […]

SEC Reports Record .2B in Remedies With 583 Enforcement Actions in 2024

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

New DeFi protocol Nudge aims to unlock hidden value in users’ wallets

August 15, 2024 Coin Telegraph

Coin Telegraph

Nudge seeks to unleash a new DeFi primitive called Re: allocation Value.

Nudge is launching a new decentralized finance (DeFi) protocol on Ethereum designed to unlock the economic value hidden in users’ wallets, it told Cointelegraph on Aug. 15.

It aims to create a two-sided marketplace where Web3 protocols pay users incentives — or “Nudges” — to redirect onchain assets, liquidity and engagement.

Nudge will unleash a new DeFi primitive called “Re: allocation Value” that represents the economic value of users’ onchain activities, according to the company.

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Bitstamp helps Stripe scale crypto purchases in the EU

August 7, 2024 Coin Telegraph

Bitcoin

Bitstamp entered a partnership to support Stripe’s crypto on-ramp solution in Europe a few months after Robinhood announced its $200 million acquisition of the exchange.

Cryptocurrency exchange Bitstamp is collaborating with the fintech platform Stripe to make cryptocurrencies like Bitcoin more accessible in Europe.

Bitstamp announced the partnership on Aug. 7, allowing consumers across the European Union to purchase crypto via Stripe’s fiat-to-crypto on-ramp.

“This provides users with a seamless checkout experience optimized for cryptocurrency conversion and allows near instant settlement of cryptocurrency transactions,” Bitstamp noted in an announcement on X.

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

EU MiCA implementation is a “pivotal moment” for crypto regulations: compliance expert

August 2, 2024 Coin Telegraph

bitcoin regulation

The European Central Bank recently joined forces with Crystal Intelligence, as its blockchain analytics partner for the upcoming MiCA implementation.

The European Union is preparing to roll out the Markets in Crypto Assets (MiCA) bill, as the first comprehensive regulatory framework for the crypto industry.

This would make the European Union the first jurisdiction with a holistic regulatory framework on digital assets.

While it is a pivotal moment for crypto regulation, the actual implementation could present significant challenges, according to Hedi Navazan, the head of compliance and regulatory affairs at Crystal Intelligence.

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Digital euro to be ‘most private electronic payment option’

July 30, 2024 Coin Telegraph

Banks

Since the inception of the digital euro, many critics have called the proposed digital currency a surveillance tool.

The digital euro will be one of the most private forms of electronic payment, according do a data protection official from the European Union.

On Oct. 2, 2020, the European Central Bank (ECB) released a report laying the groundwork for its central bank digital currency (CBDC), the digital euro.

The digital euro has been in its investigation phase since October 2021, during which ECB officials and bankers hypothesized about its possible design and purpose.

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Meta won’t launch new AI products in EU, citing ‘regulatory uncertainty’

July 18, 2024 Coin Telegraph

Apple

The door is now wide open for Google and Microsoft to gain first movers' advantage over the entire continent.

Meta is the latest US-based tech giant to pause artificial intelligence releases in the European Union. The company joins Apple, who in June announced that it would be withholding several AI-powered iPhone features from customers in the EU.

Neither company, so far, has given a timeline or described what, exactly, needs to happen for the embargoes to lift, but both companies have cited “regulatory uncertainty” as the catalyst.

In a statement sent exclusively to Axios on July 17, a Meta spokesperson said:

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Elon Musk’s X could face $200M EU fines over alleged DSA violations

July 12, 2024 Coin Telegraph

Elon Musk’s X could face 0M EU fines over alleged DSA violations

Coin Telegraph

At the heart of the findings are the “blue check” verification systems and X’s alleged obfuscation of data.

The European Union released documents on July 12 indicating that Elon Musk’s X.com has been preliminarily found to be in breach of the Digital Services Act (DSA).

According to the EU’s preliminary findings, X violated the DSA on three separate counts and faces fines of “up to 6% of the total worldwide annual turnover of the provider.”

Per documents published by the European Commission:

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

European Central Bank is exploring blockchain and MPC technology

July 10, 2024 Coin Telegraph

Blockchain

The central bank has been experimenting with multiparty computation, which could support the entire European economy in the future.

Central banks worldwide are increasingly exploring blockchain technology adoption, with the European Central Bank (ECB) being the latest example.

The ECB recently completed a blockchain experiment for its central bank digital currency (CBDC) with Zama, according to the firm's chief academic officer, Nigel Smart.

He said during a panel discussion at FHE Summit 2024:

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Circle’s Stablecoins Now MiCA Compliant

July 2, 2024 Bitcoin.com

bitcoin.com

Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU’s Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also authorized as an e-money issuer in France, which now serves as its European headquarters. Circle’s Stablecoins Achieve EU […]

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

ECB Publishes Digital Euro’s First Progress Report

June 26, 2024 Bitcoin.com

bitcoin.com

The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, highlighting key design features and ongoing developments. The report emphasizes high privacy standards for both online and offline payments, aiming to provide users with a cash-like level of privacy. First Progress Report on the Digital Euro Preparation Phase […]

Europe

Share this video