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Synapse’s collapse has frozen nearly $160M from fintech users — here’s how it happened
The debacle has left observers questioning the whole banking-as-a-service concept and digital banking as a whole.
Meta announced former President Donald Trump’s Facebook and Instagram accounts will no longer be subject to heightened suspension penalties, according to an updated blog post on Friday. ByteDance’s video editing app CapCut will stop offering free cloud storage to host creative assets starting August 5. The full and final text of the EU AI Act, the European Union’s landmark risk-based regulation for applications of artificial intelligence, has been published in the bloc’s Official Journal.
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