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Meta to resume AI training in UK after regulatory pause

The tech giant will use public information, including posts, comments, photos, and captions from adult users on Instagram and Facebook.

Meta will begin using publicly shared content from adult users in the UK on Facebook and Instagram to train its artificial intelligence models. The company will use publicly available information, such as adult users’ posts, comments, photos, and captions on both platforms.

“We’re building AI at Meta to reflect the diverse communities around the world and we look forward to launching it in more countries and languages later this year,” Meta said

Meta said it does not use information from accounts of people in the UK under the age of 18. Source: Meta

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Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

FCA Files First Charges Against Unregistered Crypto ATM Operator in UK

FCA Files First Charges Against Unregistered Crypto ATM Operator in UKThe UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed £2.6 million in transactions without registration, violating anti-money laundering […]

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements

UK Regulator: 87% of Crypto Firms Fail to Meet Registration RequirementsThe UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets. The regulator issued 450 consumer alerts against illegal crypto […]

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

UBS: European Real Estate Markets Enter New Cycle

UBS: European Real Estate Markets Enter New CycleUBS reported on Thursday that European real estate markets appear to be entering a new investment cycle, with key indicators pointing to stabilization. “A new cycle starts,” the report said, as investment volumes show signs of bottoming out. After a period of inflation and rising interest rates, the UK saw a 6.5% quarter-on-quarter growth in […]

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

Nexo Reopens UK Registrations With Enhanced User Protections

Nexo Reopens UK Registrations With Enhanced User ProtectionsNexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced user protections to comply with the Financial Conduct Authority (FCA) guidelines. The platform has introduced mandatory risk warnings, cool-off periods, and improved compliance measures to […]

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

Home invaders used machete, Toblerone to rob a man of his Bitcoin

Scottish authorities tracked, traced, and seized Bitcoin stolen during a 2020 home invasion, marking the first robbery in Scotland to involve cryptocurrency tracing. 

Scottish prosecutors have seized and converted 23.5 Bitcoin into cash from a 2020 robbery that saw three men armed with a machete and a Toblerone chocolate bar break into a home near Glasgow.

The case — initially heard last year — “was the first robbery in Scotland to involve tracing stolen cryptocurrency,” said Detective Inspector Craig Potter from Police Scotland’s Cyber Investigations unit.

In a first for the country, prosecutors used proceeds of crime legislation to seize and convert the Bitcoin (BTC) stolen in the March 2020 robbery into cash, BBC News reported on Sept. 2.

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Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account

Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin AccountXapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market,” said the CEO of […]

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

Bitcoin Policy Group Urges UK to Retain Bitcoin Holdings

Bitcoin Policy Group Urges UK to Retain Bitcoin HoldingsThe Bitcoin Policy Group has issued a warning to the United Kingdom, advising against the sale of its 61,000 bitcoins. The group argues that maintaining these holdings is crucial for the nation’s economic strategy and future financial stability. U.K. Urged to Retain 61,000 Bitcoins by Bitcoin Policy Group In their letter, the Bitcoin Policy Group […]

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

UK Financial Regulator Slaps Coinbase Subsidiary With $4,500,000 Fine for Onboarding High-Risk Customers

UK Financial Regulator Slaps Coinbase Subsidiary With ,500,000 Fine for Onboarding High-Risk Customers

UK’s Financial Conduct Authority (FCA) says it imposed a fine of £3,503,546 or about $4.5 million on CB Payments Limited (CBPL) for violating the voluntary agreement (VREQ) that the firm and the regulator entered into in late 2020. CBPL, a subsidiary of crypto exchange Coinbase, provides e-money and payment services to its customers, but the […]

The post UK Financial Regulator Slaps Coinbase Subsidiary With $4,500,000 Fine for Onboarding High-Risk Customers appeared first on The Daily Hodl.

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

UK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers

UK Regulator Fines Coinbase’s CB Payments .5 Million for Serving High-Risk CustomersThe UK Financial Conduct Authority (FCA) has fined Coinbase’s payments arm, CB Payments Limited, £3,503,546 for breaching compliance rules by serving high-risk customers despite restrictions. The regulator explained that this marks the FCA’s first enforcement action against a firm facilitating cryptoasset trading. The violations involved significant transactions undetected for almost two years. FCA Fines Coinbase’s […]

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase