Google Introduces Axion: Its First Arm-Based Chip for Cloud Computing
In the competitive landscape of cloud computing, Google Cloud has made a significant stride by launching its first in-house Arm-based CPU, the Axion chip. This development is pertinent not only for its technological implications but also for the ongoing shift…
### Indian Central Bank Chief Warns of Crypto Risks
India’s Central Bank Governor, Shaktikanta Das, has voiced significant concerns about the impact of cryptocurrencies on financial stability. Speaking at the Peterson Institute for International Economics during Macro Week 2024, he made it clear that cryptocurrencies, originally designed to circumvent…
Denmark Proposes Tax on Unrealised Crypto Gains: A Shift in Capital Gains Taxation
Denmark is moving towards a significant shift in how it handles cryptocurrency taxation, as proposed by its Tax Law Council. The new bill could impose taxes on unrealised gains and losses from crypto assets, potentially commencing in 2026. This initiative…
Japan's Strict Crypto Regulations Hold Back ETF Adoption
Japan’s approach to cryptocurrency regulation has left it trailing behind other global markets in the adoption of exchange-traded funds (ETFs) linked to digital assets. Despite urgent calls to reform from industry players and the rising popularity of crypto ETFs in…
Comparative analysis: the Budapest Convention vs the UN Convention Against Cybercrime
This summer, the UN Member States made significant progress by agreeing on a draft for the first international convention against cybercrime. This momentous step, however, brings forth vital questions about how this new convention will interact with the longstanding Budapest…
X Exempt from Gatekeeper Obligations in EU’s Digital Markets Act
In a significant development, Elon Musk’s platform, X, previously known as Twitter, has been deemed exempt from the ‘gatekeeper’ classification under the European Union’s Digital Markets Act (DMA). This regulatory framework, established to oversee the operations of major tech companies,…
Ex-Lawyer Admits Role in Crypto Ponzi Scheme
David Kagel, an 86-year-old former attorney from California, was sentenced to five years probation and ordered to pay nearly $14 million after confessing his involvement in a massive crypto Ponzi scheme. Kagel, who is currently in hospice care, pleaded guilty…
### Databricks Launches Apps for Streamlined AI Development
Databricks has unveiled the Public Preview of Databricks Apps, a significant advancement aimed at simplifying the process of building and deploying internal data and AI applications on major cloud platforms such as AWS and Azure. This launch resonates with the…
X Must Pay Fine Over Child Protection Dispute
In a significant ruling, an Australian court has upheld a decision mandating the social media platform X, formerly Twitter, to pay a hefty fine of $418,000. This financial penalty arises from X’s failure to cooperate with the Australian eSafety Commissioner…
US SEC Appeals Ruling on XRP Status: Implications for Cryptocurrency Regulation
The U.S. Securities and Exchange Commission (SEC) has recently announced its decision to appeal a significant court ruling concerning the status of Ripple Labs’ XRP token, a move that could greatly influence the regulatory landscape for cryptocurrencies in the United…
