Bitcoin might have posted the deepest correction since the FTX crash in November 2022, dipping over 20% from its all-time high of around $74,000. However,
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EU crypto regulations undermined by lack of enforcement, say observers
The European Union’s Markets in Crypto-Assets Regulation is being phased in, but regulators have reportedly been inconsistent in enforcing existing laws.
Read moreCentral banks must revise business model, embrace CBDCs — ECB member
Bundesbank’s president Joachim Nagel urged central banks to revamp their business models and adopt digital currencies during the BIS Innovation Summit.
Read moreMicrosoft pours $2.2 billion into Malaysia for cloud and AI expansion
In its statement, Microsoft will collaborate with Malaysia to establish a national AI Center of Excellence and enhance cybersecurity capabilities.
Read moreBinance sued in Canada, CZ could serve 36 months in prison: Law Decoded
Cryptocurrency exchange Binance is under legal pressure in Canada and the Philippines, while U.S. prosecutors are demanding 36 months in prison for Changpeng Zhao.
Read moreEurope needs ‘Airbus for the metaverse’ to become global Web4 leader
Analysts from the London School of Economics and Political Science say a pan-European industrial cluster is necessary for the EU to compete in Web4.
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