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.
Bank of America is actively developing a stablecoin offering, CEO Brian Moynihan revealed during a post-earnings conference call on Wednesday.
PayPal has expanded its stablecoin, PayPal USD (PYUSD), to the Arbitrum network, marking a key step in its strategy to integrate with faster, more cost-efficient blockchain infrastructure.
Citigroup is evaluating the potential launch of its own U.S. dollar-backed stablecoin, signaling a growing shift in sentiment among traditional financial institutions toward digital assets.
JPMorgan Chase CEO Jamie Dimon remains skeptical of stablecoins—but says ignoring them isn’t an option for the world’s most powerful bank.