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Microsoft vs. Google: New Front in Europe’s Cloud Regulation Battle

The conflict between Microsoft and Google over cloud services is intensifying in Europe, with Microsoft alleging that Google is driving a “shadow campaign” to sway EU cloud policy. Microsoft claims Google is secretly backing the Open Cloud Coalition, positioning smaller European cloud providers as the face of the movement while promoting Google’s interests in cloud regulation. The coalition, set to launch on October 29, aims to push for open cloud principles, but Microsoft warns that Google’s goal is to undermine Microsoft’s standing amid increased global scrutiny of its own practices.

This development comes after Microsoft’s 2019 licensing change raised EU complaints, arguing it limits competition by restricting Microsoft software to Azure. Microsoft recently settled a case with European cloud providers, but the deal excludes tech giants like AWS and Google, leading Google to file an independent complaint. Now, as a new European Commission prepares to take office, both companies are maneuvering for favorable regulatory stances, with Microsoft claiming Google’s lobbying distracts from its own antitrust challenges.

A Google spokesperson responded, emphasizing transparency about their coalition membership and concerns that Microsoft’s practices limit customer choices, impacting security and innovation. The European cloud regulation dispute is shaping up as a key battleground, with both tech giants seeking to gain regulatory leverage in the region’s burgeoning cloud market.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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