By Shikha Singh
Meta, Klarna & Spotify Join Call for EU Regulations for AI.
European tech giants like Mark Zuckerberg and Spotify’s Daniel Ek want clear AI legislation in the EU to stop fragmented rules from driving innovation to the U.S. and China. They want harmonised data policies for European AI development.
New York legislators are exploring stronger AI legislation to handle privacy, fraud, and transparency.
To build confidence and decrease legal risks, industry leaders like Appian CEO Matt Calkins want stronger intellectual property protections and clearer AI data usage standards.
Dubai’s VARA Introduces New Marketing Guidelines for Crypto Investments, Effective October 1.
Dubai’s Virtual Asset Regulatory Authority (VARA) revised its bitcoin marketing standards on October 1 to require VASPs to incorporate risk disclosures in their advertising.
These disclaimers must mention that virtual assets are volatile and may lose value. We want to improve openness, safeguard investors, and stop misinformation.
Premier League Fantasy Football Partner Sorare Charged By Gambling Commission.
The UK’s Gambling Commission has accused Sorare, a cryptocurrency-based fantasy football platform and Premier League partner, with illegal gambling.
The player-performance-based digital trading card firm will appear at Birmingham Magistrates’ Court on October 4. Sorare fears severe penalties and jail time if convicted.
Puma Partners With Web3 Mobile Game.
Footwear brand Puma teamed with Web3 mobile game UNKJD Soccer. UNKJD CEO Tal Friedman said the agreement would expand player experiences.
The agreements will add Puma-themed characters and cosmetics to the game.
Layer 2 Multi-Chain Meme Coin Pepe Unchained Presale Raises $15 mn in Presale.
In its presale, Pepe Unchained ($PEPU), a parody token on Ethereum Layer 2, raised $15 million.
With 139% APY staking incentives, the currency has quicker transactions and cheaper costs than rivals.
The project intends a Layer 2 DEX and Pepe Foundation to enhance the ecosystem.
The token’s presale allocates 3.2 billion of 8 billion supply, 30% for staking. $PEPU uses Layer 2 for scalability and incentives to be a long-term hold.
Web3 Gaming on Rise as Solana Labs, Google Cloud Launch GameShift.
Gameshift, a Web3 API service from Solana Labs and Google Cloud, allows game developers add Web3 components like NFTs to Web2 applications.
Gameshift, announced at 2024 Solana Breakpoint, streamlines blockchain integration for conventional gaming developers using Google Cloud.
Google Cloud picked Solana for its fast transactions, 99.95% uptime, and scalability.
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