EU elections 2024: Pro-crypto parties pick up seats amid Green losses
The European elections have caused a stir, but several pro-crypto or crypto-supportive parties have gained seats. Go to Source
European Union
Auto Added by WPeMatico
Can Bitcoin close above $70K amid strong labor market?
Stronger-than-expected employment data could put more downward pressure on Bitcoin price. Are ETF inflows enough to get a weekly BTC close above $70,000? Go to Source
Meta faces backlash in EU for AI data usage without user consent
The complaints claimed that Meta’s recent privacy policy changes would allow the company to utilize years of personal posts, private images and online tracking data for its AI technology. Go to Source
ESMA labels MEV as ‘market abuse’ in latest regulatory consultation paper
The European Union’s Securities and Markets Authority has recommended treating miner-extracted value (MEV) as a form of market abuse under the MiCA regulatory framework. Go to Source
Worldcoin faces bans worldwide amid increasing privacy fears
Regulators across the world are banning Worldcoin, which collects biometric data for a small payment of its native cryptocurrency. Go to Source
EU Commission urged to prepare for blockchain and AI integration
Decentralized AI networks, enhancement of smart contracts and emerging DeFi protocols are some of the upcoming trends in blockchain, according to EUBOF. Go to Source
EU says ChatGPT outputs too much false information to comply with rules
While the assessment remains ongoing, OpenAI appears to have made little in the way of progress since 2023. Go to Source
Microsoft faces multi-billion dollar fine in EU over Bing AI
The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27. Go to Source
Kraken considers dropping USDT in Europe ahead of new regulations
With new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoins listing. Go to Source
DeFi may struggle to stay decentralized after new EU law
DeFi’s exemption from MiCA regulation may fade as an update targets protocols with centralized components. The sector could split between hybrid and DeFi models. Go to Source
