October 23, 2025 | 14:40François Villeroy de Galhau emphasized the need for simplification in European banking regulations during the ACPR Conference, highlighting the balance between security and economic support. With the completion of Basel III, he noted a growing consensus for reducing regulatory complexity to foster innovation and growth, while maintaining financial stability.
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0 in Finance and 1 in Crypto last week
The Evolving Role of Data Centers in the Crypto Industry
The rise of Bitcoin has transformed the financial landscape, emphasizing the need for decentralized services and robust data center infrastructure. As blockchain networks demand more computing power, energy consumption in data centers is projected to double by 2026, necessitating innovative designs like spine-leaf architecture for efficiency and reliability. Additionally, the shift towards liquid cooling and proximity to power sources is crucial for managing heat and minimizing transmission losses, while the evolving tier system in data centers reflects the growing complexity and cost of maintaining blockchain operations.
read moreStephen Akridge Appointed CEO of Cyber Grant Inc to Drive Innovation
Stephen Akridge, co-founder of Solana, has been appointed CEO of Cyber Grant Inc., a cybersecurity firm focused on data protection solutions. Under his leadership, the company aims to expand globally, offering user-friendly software like Filegrant and Remotegrant to safeguard digital assets for individuals and organizations. Cyber Grant, founded by Valerio Pastore and Massimiliano Maggi, emphasizes military-grade security standards to combat cyber threats.
read moreX Account Hacks Drive Surge in $HACKED Crypto Token Scheme
A hacking spree targeting X accounts has sparked a pump-and-dump scheme for the $HACKED token on the Solana blockchain, with notable accounts like MoneyControl and People Magazine compromised. The token’s market cap surged from $5,000 to over $166,000 as hackers promoted it through hacked accounts, urging followers to buy in. The method of account compromise remains unclear, with speculation around API key vulnerabilities or third-party app connections.
read moreConsumer Groups Urge EU to Regulate In-Game Digital Currencies in Gaming
Consumer protection organizations in Europe have urged the EU to take action against the video game industry’s use of in-game digital currencies, citing deceptive practices that exploit consumers, particularly children. The European Consumer Organisation (BEUC) and 22 member groups highlighted concerns over the lack of transparency in pricing and the potential violation of consumer rights, calling for clearer regulations and enforcement. Notably, games like Fortnite generate substantial revenue from these purchases, with children’s spending on in-game items rising significantly in recent years.
read moreIOTA Completes European Blockchain Procurement for Enhanced Digital Solutions
IOTA has successfully completed the European Blockchain Pre-Commercial Procurement, emerging as a finalist alongside Chromaway and Billon. Its innovative solutions, including digital product passports for electronics and plastics, and an intellectual property rights management system, will be integrated into the European Blockchain Services Infrastructure. The project demonstrated exceptional scalability, sustainability, and security, with IOTA’s Tangle achieving 90,000 transactions per second, paving the way for a pilot phase with EU member states.
read moreTelegram Founder Charged in France Amid Allegations of Illegal Activities
Pavel Durov, founder of Telegram, faces charges in France for allegedly facilitating illicit transactions and failing to comply with judicial requests, risking up to 10 years in prison and a €500,000 fine. Despite claiming adherence to EU laws, Telegram is under scrutiny for its content moderation practices and user data reporting. The European Commission has distanced itself from the case, emphasizing that it does not relate to the Digital Services Act, which regulates larger platforms.
read moreTangle Treasury Enhances Security with New Anti-Fraud Measures and Leadership
The Tangle Treasury has introduced new anti-money laundering (AML) and counter-terrorist financing (CTF) measures to enhance data and financial security in grant distribution. Nicole O’Brien has been appointed as the AML/CTF officer to oversee compliance and improve internal protocols, including rigorous background checks and enhanced know-your-customer (KYC) procedures for grant recipients. These advancements aim to protect community investments and ensure the efficient management of funds while minimizing risks associated with fraud.
read moreIOTA Develops Digital Product Passport for Sustainable Electronics Recycling
IOTA has developed a Digital Product Passport (DPP) prototype in collaboration with the Technical University of Catalonia and eReuse, aiming to enhance transparency and traceability in electronics recycling. The DPP leverages IOTA technology to provide a more sustainable lifecycle management for electronic devices, and the company is seeking commercial partnerships to bring this technology to market. This initiative aligns with IOTA’s push towards integrating blockchain in environmental sustainability efforts.
read moreEuropean Commission Investigates Social Media Platform for DSA Compliance Violations
Elon Musk accuses European Commission of offering a secret illegal deal to censor speech on social media platform X in exchange for avoiding fines under the Digital Services Act probe. The EC’s preliminary findings highlight breaches in transparency, data access, and advertising practices, potentially leading to hefty fines and enhanced supervision. Musk vows a public battle in court as the platform faces scrutiny over compliance failures.
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