Headlines

A Majority of European Lawmakers Voted Against Letting Big Tech Read Our Messages. They’re Going to Anyway.

The European Parliament has voted to extend legislation allowing tech companies to voluntarily scan users’ private messages for child sexual abuse material, despite a majority of lawmakers voting against the proposal. The ruling reinstates permissions for firms including Meta, Google, and Microsoft to scan private text, email, and social media messages through a bill nicknamed…

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Character.AI enters the microdrama arena with its own productions, but there’s a twist

Microdramas are such a rage these days that nearly every kind of company in the attention economy space — be they dedicated microdrama apps, social media giants (TikTok and Instagram) or streaming services (Peacock, Amazon Prime, and India’s JioHotstar) — is building a product to tap the opportunity. Character.AI, which lets people chat with customized…

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Sony Approved to Launch Sony Stablecoin

Sony Bank has secured conditional approval from the Office of the Comptroller of the Currency (OCC), the US federal regulator that charters and supervises national banks, to establish a wholly owned US national trust bank subsidiary called Connectia Trust, with a $40M capitalization. The subsidiary’s mandate is to issue and manage a dollar-backed stablecoin, with…

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Hyundai Card Turns $20,000 Stablecoin Test Into Real-World Remittance as Europe Trial Draws Closer

Key Takeaways Hyundai Card slashed cross-border payment times to 7 minutes in a $20,000 corporate stablecoin test. Tether, Avalanche, and Axiym backed the pilot, marking a historic first for the South Korean card industry. A second pilot launches later this month with Circle and Visa to test local currencies across European units. Shaving Hours off…

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