South Korean foundation to recover funds from defunct crypto exchanges

The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities.

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Elon Musks X suspends data collection for AI training, EU watchdog says

After proceedings in an Irish court, the local Data Protection Commission said X agreed to suspend processing the personal data of EU users to train its AI system.

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Hong Kong issues generative AI guidelines for consumer protection

The HKMA has introduced new principles for using generative AI, emphasizing governance, transparency and data protection in consumer-facing applications.

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Indias Web3 alliance tightens cybersecurity after WazirX attack

The BWAs initiatives highlight an increasing awareness of the importance of cybersecurity in preserving trust and integrity in digital finance.

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Consensys acquires Wallet Guard to enhance MetaMask security

Consensys integrates Wallet Guard to boost MetaMasks security, aiming to drive user fund losses to zero amid rising Web3 threats.

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Bill targeting illicit use of crypto passes US House: Law Decoded

Legislation focuses on preventing illicit cryptocurrency activities while safeguarding consumer choice.

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South Korea's strict laws on crypto exchanges come into force

The new regulations issued by South Koreas watchdog to protect user assets on crypto exchanges went into effect on July 19.

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Hong Kong flags 7 unregulated crypto exchanges for noncompliance

The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.

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Hong Kong Deposit Protection Board Releases Annual Report 2023-2024

The Hong Kong Deposit Protection Board has published its Annual Report for 2023-2024, highlighting key achievements and future enhancement measures. (Read More)

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New bill suggests thwarting AI copycats, deepfakes with watermarks

A bipartisan group of senators has introduced a new bill to tackle deep fakes, copyright infringement and AI training on data its not supposed to.

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Compound Finance site potentially breached ZachXBT

Crypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked and may be redirecting visitors to a phishing site.

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Bitget reports $700M capital inflow in Q2, adds 2.9M users

The exchange reported that its BTC, USDT and ETH holdings grew by at least 70%, highlighting a $700 million capital inflow for the quarter.

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Former OpenAI, Anthropic employees call for right to warn on AI risks

Former OpenAI, Anthropic and DeepMind employees urge AI companies to expand whistleblower protections to publicly address AI risks amid growing concerns over the deprioritization of safety.

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Worldcoin suspends Spanish operations amid data protection probe

Worldcoin agrees to suspend activities in Spain until the end of the year or until a resolution is reached by the German data authority in ongoing data protection investigations.

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Enforcement of South Korean virtual assets law prescribed in decree

The details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19.

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Microsoft and Apple could be fined 10% of their annual revenue by the EU

The European Union has accused Microsoft of antitrust violations related to bundling the video conferencing app Teams within its Office suite. These allegations mark the first such charges against Microsoft in over a decade. The case raises questions about whether the company gained an undue advantage by integrating Teams into its popular productivity software. The [...]

The post Microsoft and Apple could be fined 10% of their annual revenue by the EU appeared first on Crypto Breaking News.

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Hong Kong invites global opinions on web3 and virtual assets future

The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks.

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Hong Kong invites global opinions on future of Web3 and digital assets

The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal and regulatory frameworks.

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Hong Kong Monetary Authority Updates Telemarketing Code to Limit Calls

The Hong Kong Monetary Authority has introduced a revised Code of Practice for telemarketing to enhance consumer protection and limit call frequency. (Read More)

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Nonprofit criticizes Tether in multimillion-dollar ad campaign

Consumers Protection will bring negative aspects of Tether to consumer attention with billboards and TV ads.

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