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Paying with a handwave once sounded like science fiction, but contactless palm recognition service Amazon One has already been used more than 8 million times, according to the company. That’s Amazon, though, which explains why it has been deployed in Amazon stores and more than 500 Whole Foods Market stores in the U.S., but only…
AllUnity’s EURAU stablecoin launches as euro-denominated stablecoins account for just 0.2% of the stablecoin market despite surging 60% since late 2024. EURAU, a new euro stablecoin venture backed by Deutsche Bank’s DWS, Flow Traders and Mike Novogratz’s Galaxy, has debuted on the Ethereum blockchain. AllUnity — a company backed and formed by the three entities…
Robinhood saw its crypto revenue almost double to $160 million as CEO Vladimir Tenev confirmed plans to keep pushing its tokenization strategy in the US and abroad. Trading platform Robinhood’s crypto revenue increased 98% year-on-year to $160 million in the second quarter as CEO Vlad Tenev doubled down on plans to lead the real-world asset…
Two years after securing $1 billion in commitments from over 20 countries, the NATO Innovation Fund (NIF) is entering a new chapter, marked by the arrival of two new partners and the departure of its penultimate founding team partner. In a context of increased military spending across NATO members, investment in dual-use technology has skyrocketed…
The crypto industry in the UK is pushing for the government to change the rules of the road, and it just may be working. Despite promises from past prime ministers to turn the UK into a crypto hub, the UK is still cautious about regulating the crypto industry. In 2022, then Prime Minister Rishi Sunak…
Mistral AI, the French company behind AI assistant Le Chat and several foundational models, is officially regarded as one of France’s most promising tech startups and is arguably the only European company that could compete with OpenAI. But compared to its $6 billion valuation, its global market share is still relatively low. However, the recent…
Meta has refused to sign the European Union’s code of practice for its AI Act, weeks before the bloc’s rules for providers of general-purpose AI models take effect. “Europe is heading down the wrong path on AI,” wrote Meta’s chief global affairs officer Joel Kaplan in a post on LinkedIn. “We have carefully reviewed the…
Defense tech has gone from a no-go zone for VCs to a hot investment sector. However, dual use — meaning that the technology must also have civilian applications — is still a requirement for most of them, including the NATO Innovation Fund. Estonian VC firm Darkstar breaks from this trend by investing in purely military…
French company The Blockchain Group and the UK-based Smarter Web Company each boosted their corporate Bitcoin treasuries on Monday with multimillion-dollar BTC purchases. Two European companies — France’s The Blockchain Group and the United Kingdom’s Smarter Web Company — have expanded their Bitcoin holdings. In a Monday announcement, The Blockchain Group said it acquired 116…
The European Union on Friday said it will stick to its timeline for implementing its landmark AI legislation, in response to a concerted effort by over a hundred tech companies to delay the bloc’s AI rules, Reuters reported. Tech companies from across the world, including giants like Alphabet, Meta, Mistral AI and ASML have been…