EU accuses Meta of addictive design harming children, potential fine could hit 6% of global revenue

The post You Can Now Make AI Content Using Public Instagram Accounts—And It’s Rattling Hollywood And Cybersecurity Experts appeared on BitcoinEthereumNews.com. Topline Major Hollywood unions and talent agencies are urging the celebrities they represent to opt out of a controversial new feature on Instagram that allows users to create AI images based on posts by public accounts, while some cybersecurity companies are raising privacy concerns. Meta unveiled its Muse Image tool for Instagram earlier this week. (Photo by Nikolas Kokovlis/NurPhoto via Getty Images) NurPhoto via Getty Images Key Facts Instagram has faced backlash this week over Muse Image, an AI image generation tool it unveiled that allows users to create AI content based on images posted by public accounts, who are not notified when their posts are used for image generation. Among the feature’s most controversial quirks is that it automatically opts users with public accounts into the program, meaning users have to manuall

Digital Services Act may force Meta to make big changes on its platforms.

Ashton Kutcher is departing Sound Ventures, the venture firm he co-founded with Guy Oseary 11 years ago, to launch a new fund with Morgan Beller, a former general partner at NFX who previously co-led Meta’s Libra cryptocurrency project and spent nearly three years at Andreessen Horowitz, the Wall Street Journal reported. The name of the […]

The post Meta rejects EU finding that Facebook, Instagram use addictive design appeared on BitcoinEthereumNews.com. Meta has pushed back on what the European Commission recently said about a preliminary finding that showed that Instagram and Facebook broke EU law with features built to keep users scrolling. The finding, which was published on July 10 and looked into what the commission refers to as the “addictive design” of the two apps under the Digital Services Act (DSA), could expose the company to fines worth up to 6% of its global annual turnover and force design changes across both platforms. Features like the infinite scroll, video autoplay, push notifications, and the platforms’ personalized recommender systems are being pointed out as part of the core problem.  According to the Commission, these features “shift the brain into autopilot mode,” and it says that Meta failed to properly weigh their effect on users’ physical and mental health. A Meta spokesperson stated that the co

The post Meta insiders sold 150 times and bought zero in the last six months appeared on BitcoinEthereumNews.com. Meta (Nasdaq:META) executives and directors have unloaded roughly $130 million of company stock over the past six months. Across the same half year, they have bought exactly zero shares. That selling might have been more palatable if they had, as executives and directors, helped the stock price go up over that time period. They did not. META, trading on the Nasdaq, is worth less today than it was six months ago. Worse, their stock sales clustered near the higher range of 2026, months before an AI spending spree knocked the stock down. Since the start of the year, the company has lost $60 billion in market capitalization. Read more: YouTuber finds only 900 daily users in Horizon Worlds — Meta’s $36B metaverse The heaviest seller was Chief Financial Officer Susan Li. Her Form 4 disclosures show about $95 million in sales. Chief Operating Officer Javier Olivan also sold more t

Meta's AI chip development could reshape tech landscapes, impacting decentralized compute markets and accelerating AI integration in daily life. The post Meta prepares to produce its own AI chip as Zuckerberg bets big on personal super intelligence appeared first on Crypto Briefing.

The post Binance CEO: 70% Of EU User Withdrawals Moved To Self-Custodied Wallets After MiCA Exit appeared on BitcoinEthereumNews.com. When a titan of centralized exchanges fully exits a major market, regulators expect an orderly flow into supervised platforms. The European Unionu2019s Markets in Crypto-Assets framework was designed precisely for this u2014 to channel crypto activity into licensed, compliant venues. The actual data from Binanceu2019s EU shutdown suggests reality runs hard in the opposite direction. According to a report citing Binance CEO Richard Teng, approximately 70% of the funds that EU users withdrew after the exchange suspended services moved into self-custodied wallets. Only 30% ended up on MiCA-compliant platforms. For a regulatory regime built on the premise that licensing leads to consumer protection, that number is a quiet indictment of how detached the official playbook is from user behavior. The 70% That Went Outside the Tent Teng did not mince words. He ar

A MiCA license allows crypto firms to operate in the EU, but the ESMA’s review will test whether custodians can meet the required security and resilience standards.