The Ethereum Foundation, a Swiss nonprofit at the heart of the Ethereum ecosystem, is reportedly under investigation by an undisclosed “state authority.” The investigation was disclosed Feb. 26 on the group’s GitHub repository, CoinDesk reported Wednesday (March 20). A commit on the Ethereum Foundation’s GitHub repository, showing a change made...
Under the EU’s Digital Market Act (DMA), which is intended to increase competition in the digital economy, Big Tech innovations — coming from both the U.S. and abroad — are finding themselves reshaped as companies scramble to comply with the new set of regulations which...
Social media platforms like TikTok have transformed into vital sources of financial information, particularly for millennials and Gen Zs, with nearly 80% of these demographics seeking advice through these channels. This shift toward these platforms has democratized access to financial knowledge, breaking down traditional barriers and fostering...
A top federal prosecutor is reportedly targeting startups that defraud investors ahead of going public. Ismail Ramsey, U.S. attorney for the Northern District of California, told Reuters in an interview published Tuesday (March 19) that his office’s proximity to Silicon Valley and its investor community...
European regulators want to question Big Tech firms about potential threats of generative artificial intelligence (AI). To that end, the European Commission (EC) has sent requests under the Digital Services Act (DSA) to Microsoft, Alphabet, Meta, X, Snapchat and TikTok on their handling of such...
The European Commission (EC) has opened formal proceedings to determine whether AliExpress breached requirements of the Digital Services Act. The probe will look at the online marketplace’s management and mitigation of risks, content moderation, handling of complaints, transparency of advertising, traceability of traders and accessibility...
Klarna has reportedly been fined 7.5 million Swedish crowns ($733,324) after a Swedish court ruled that the company violated the European Union’s (EU) General Data Protection Regulation (GDPR). Sweden’s Administrative Court of Appeal ruled that the provider of payment and shopping solutions gave its clients...
Fast-fashion giant Shein is reportedly facing scrutiny under the European Union’s Digital Services Act (DSA). Shein will soon be designated as a company that must comply with the DSA, Bloomberg reported Friday (March 8), citing unnamed sources. The eCommerce firm told Bloomberg: “We are in...
Swiss-listed investment services company Leonteq said Wednesday (March 6) it was unaware that French regulators told prosecutors of possible irregularities at the firm. The firm told Reuters this after being asked about a Wednesday report by French newspaper Les Echos that the French banking regulator ACPR had found...
