US-based tech giant Apple is facing a £785m lawsuit in the UK over its alleged dominant position and the fees it imposes on developers using its app platform.
The lawsuit was filed last Tuesday by University of East Anglia competition policy professor Sean Ennis, representing more than 1,500…
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UK
Apple criticizes the UK project that threatens privacy
Apple criticized the UK bill that seeks to end end-to-end encryption, also called E2EE, currently implemented by platforms such as WhatsApp, Instagram or Facebook Messenger, and which in its current terms has been described as a "serious…
UK to lead the first global summit on artificial intelligence
British Prime Minister Rishi Sunak has announced that the UK will host the first global summit on artificial intelligence (AI) this year. The main purpose of this summit is to establish a common approach to address the potential risks…
The UK will no longer fall into recession this year
The UK economy, the second largest in Europe, will avoid going into recession this year, according to new forecasts from the International Monetary Fund (IMF), which now anticipates a GDP expansion of 0.4 %, compared to a contraction of…
Binance considers the UK as an alternative to the US
During a recent interview, Patrick Hillmann, Binance's Chief Strategy Officer (CSO), expressed his opinion that the current regulatory environment in the United States is posing significant challenges for cryptocurrency companies. He argued…
The fortune of Carlos III exceeds $2,000 million dollars
The next king, Carlos III, has assets with an estimated value of 2.2 billion dollars before his coronation, enriching himself significantly. These assets include property, jewelry, investments, horses, cars, artwork, and rare stamps, among…
WhatsApp urges UK government to protect end-to-end encryption
WhatsApp urges the UK Government to review its online security bill, to respect end-to-end encryption of private messaging services and "guarantee the human right to privacy" since, otherwise, it implies an "unprecedented threat" to the…
Coinbase seeks to further the vision of the UK as a Web3 hub
Coinbase, a cryptocurrency exchange, presented a vision suggesting that the UK could become an "innovation hub for the Web3 economy" and strengthen its cryptocurrency sector.
This comes amid reports that the UK Treasury intends to…
TikTok was fined by the UK for data misuse
Chinese social media platform TikTok was fined £12.7 million (about $15.9 million) in the UK for various offenses, including misuse of children's data.
According to a statement issued by the UK Information Commissioner's Office (ICO),…
Cryptocurrency companies struggle to access banking services in the UK
Cryptocurrency businesses face multiple difficulties in accessing banking services in the UK. According to various sources, the few banks that still work with cryptocurrencies are increasingly requesting more documentation and information…
UK takes action against cryptocurrency ATMs
UK regulators are cracking down on cryptocurrency ATMs across the country, in a bid to prevent fraud and protect consumers. ATMs allow users to buy and sell digital currencies for cash.
However, the Financial Conduct Authority (FCA)…
Regulations in the UK would affect cryptocurrency companies
The UK Financial Conduct Authority has proposed a new financial promotion regime for cryptocurrency companies operating within and outside the region. If approved, executives of these companies could face up to two years in prison for…