Dutch Central Bank fines Binance $3.4 million for serious violations
On Monday, the De Nederlandsche Bank (DNB) slapped Binance with a huge $3.4 million fine for not obtaining regulatory approval to work in the country. The bank claims that Binance, the biggest cryptocurrency exchange company by trading volume, has continued to provide services in the Netherlands without the needed registration and approval. According to the […]
How Google Maps restrictions triggered competition scrutiny in Germany
In Germany, the country’s competition regulator is attempting to know how possible abuses relate to how Google works its Maps product. It’s a recent proceeding the German FCO (Federal Cartel Office) has opened against Google after earlier and ongoing investigations into the company’s News Showcase licensing practices and data terms. In Germany, the Maps proceeding […]
Code Intelligence raises $12M Series A Funding.
In an announcement made by application security testing platform Code Intelligence, the company stated it had raised $12 million in Series A funding. The funding round was led by Tola Capital. The startup was founded in 2018 and is located in Bonn, Germany. The co-founders are Sergej Dechand, Khaled Yakdan, and Matthew Smith. Dechand and […]
The transfer deal of EU-US data might be finalized by the end of 2022
The EU-US privacy shield was coined on 12th July 2016. The platform was aimed at enhancing the free flow of EU users’ data to companies within the US. EU-US privacy shield is a transatlantic platform for monitoring data transfers between the EU and the US. The EU issued some complaints about cross-border data protection. The […]
Facebook says it will “expand transparency,” but won’t limit political ads
Facebook has reaffirmed that it has no plans to limit political ads or microtargeting on its platform, despite public criticism that has led its rivals to take action, according to AP News. The platform has been widely criticized since it announced in October that ads and other content from politicians and candidates would be exempt from fact-checking. Facebook […]
Political manipulation becoming ‘pervasive’ on social media, report warns
Manipulation on social media platforms has reached a massive, global scale in recent years, according to a new report from the Oxford Internet Institute, detailed by TechCrunch. Researchers investigated large-scale manipulation of public opinion by government and political parties, and found that the practice is widespread in 70 nations worldwide, compared to just 28 in 2017. “Computational […]
Why 2012 was “The Year of the Internet” in France, and what the future holds.
Médiamétrie recently released the results of its annual internet study confirming that the French lifestyle is becoming increasingly digital. Based on their findings, they hailed 2012 the ‘Year of the Internet’, where there were more users than ever before accessing all types of content in a ‘multi-screen’ environment. In France last year, more people than […]
Can Neelie Kroes & the European Commission really fight the developer crunch?
It’s hard times for a startup in 2013 – with the barrier to entry significantly lowered to actually starting your company (or at least, launching a website), it seems that barrier has been replaced by another – a barrier to hiring. As many startups begin to scale up all over the world, a ‘developer crunch’ […]
DrinkOnMe’s Groupon for drinks closes, with Lydia born from its ashes
While it may not be as big of news as Groupon CEO Andrew Mason’s firing earlier this week, it comes as no surprise that DrinkOnMe, a “Groupon for Happy Hour,” has sent an email out to users annoucing that it will disctontinue its service, which alloewd users to buy 20€ worth of drinks at select […]
Is Twitter being too picky about who heads up Twitter France?
Spring is just around the corner, and all of us are patiently waiting for the end of snow, and the arrival, not just of sun, but of Twitter France. Word broke last year that the social network would be opening up a subsidiary, which may be a smart play, given all the government grief that […]