Microsoft is attributing its recent tech failure to EU regulations, which restrict its ability to secure Windows as effectively as competitors like Apple.
An agreement from 2009 requires Microsoft to give the same access to its system to other security software companies.
The latest issue caused the notorious “blue screen of death” to affect millions of Windows users, disrupting businesses across various sectors and leading to significant flight cancellations. The problem originated from a faulty update issued by CrowdStrike, a competitor of Microsoft’s own security software, Windows Defender.
CrowdStrike’s CEO has apologized for the error, but the response has faced backlash from high-profile figures. Microsoft’s security vulnerabilities have been a recurring problem, attracting criticism and congressional scrutiny.
Decentralized systems, which distribute data and security across multiple nodes, are seen as a more robust alternative, potentially avoiding such widespread failures by eliminating single points of failure.
Wall Street firms are expected to keep expanding into crypto, despite growing competition and minimal correlation between Bitcoin and traditional indices like the S&P 500 and Nasdaq.
Circle, the company behind the USDC stablecoin, is optimistic about the mainstream adoption of stablecoins as a key component of digital finance.
Justin Sun, founder of Tron and a prominent figure in the cryptocurrency world, has voiced strong criticisms of Coinbase’s Bitcoin counterpart, cbBTC.
Nik Storonsky, the founder and CEO of fintech powerhouse Revolut, has reportedly offloaded shares valued between $200 million and $300 million in the company.