In July the Turkish government brought in strict new social media laws. Social media giants including Twitter and Facebook failed to follow them, so the government has issued $1m fines for non-compliance.
JP Morgan announced plans to create a new business to house its’ blockchain and digital currency units called Onyx.
Chinese fintech Ant Group seeks an IPO to help fund its global expansion.
PayPal has announced it will allow US users to hold and spend a range of cryptocurrencies in their digital wallet.
Telecom company BT has signed a deal with Ericsson to use their 5G equipment to upgrade its EE mobile network, in a move to ditch reliance on Huawei.
US presidential candidate Joe Biden’s campaign has held a virtual fundraiser to discuss the advancement of the American tech sector, offering an insight into how he will regulate Big Tech if he wins the upcoming US election.
In an attempt to reinvent itself, IBM is set to split into two publicly traded entities, with one focusing on the delivery of hybrid cloud services to businesses, and the other specialising in the delivery of managed infrastructure services.
The Competition and Markets Authority (CMA) is tightening rules on social media influencers and celebrities in the UK who post advertisements or endorsements without telling their followers they have been paid to do so.
A US congressional report has alleged that Amazon, Apple, Google and Facebook have all participated in anti-competitive business practices in order to quash their competitors.
The EU looks set to approve Google’s $2.1bn acquisition of fitness tracker maker Fitbit. The purchase will allow Google to go toe to toe with Apple and Samsung in the wearable technology market.