EU AI Act Targets U.S. Tech Giants with Unprecedented Regulations
The EU AI Act imposes strict regulations on high-risk AI systems, impacting U.S. tech firms with fines up to €35 million or 7% of global revenues.
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30/07/2024 08:26
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'Tech Against Scams': Crypto Exchanges and Tech Giants Join Forces to Battle Scams
The "Tech Against Scams" coalition, comprising of Coinbase, Match Group, Meta, Kraken, Ripple, Gemini, and the Global Anti-Scam Organisation (GASO), has united to combat the escalating problem of online fraud and financial schemes.
CatherineMeta Sets Up All-White-Men AI Council, But Beyond AI They Still Lack This
Meta assembles a tech titan advisory group to drive AI advancement, yet faces criticism for a lack of diversity in its board. Additionally, Meta's platforms struggle with cybersecurity vulnerabilities and insufficient customer support, raising doubts about its ability to lead in AI responsibly.
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AlexU.S. House Passes Crypto FIT21 Bill with Strong Democratic Backing
The U.S. House approved the FIT21 Act, marking a historic step in digital asset regulation, but its future in the Senate remains uncertain.
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Bitcoin rebounds to challenge $70,000 again. The U.S. House of Representatives passes the "21st Century Financial Innovation and Technology Act," with Pelosi shifting to vote in favor.
MiyukiSanctions Imposed! Hong Kong Rules ChatGPT Father's Project Violates Privacy Ordinance, Orders Cessation of Iris Collection
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WeiliangChinese Criminal Gangs Drive Rise in Pig-Butchering Scams as Victims Despair
SEA has emerged as a hub for transnational criminal networks, primarily originating from China. These organisations exploit millions of victims globally through sophisticated scams like pig butchering schemes.
KikyoHong Kong Joins the List to Kick Out Worldcoin (WLD) – Which Country's Next?
Worldcoin faces global sanctions over privacy concerns, with bans in multiple countries including France, India, Hong Kong, and Brazil. Despite its ambition to offer universal financial access, questions remain about its approach and regulatory compliance.
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The SEC has approved eight spot Ether ETFs, marking a significant development following speculation that ETH might be classified as a security. This approval comes just months after the SEC granted similar approval for spot Bitcoin ETFs.
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