Welcome to Tech Beat, your daily look at the stories shaping our digital world.
Microsoft says its services are fully restored following a global outage that disrupted governments, courts, airlines, hospitals, and banks across multiple countries. Authorities in Japan, Singapore, and Australia all confirmed the episode had affected operations for several hours before systems came back online.
Meanwhile, Italy's data protection authority has fined Meta eight hundred and five million euros for accessing the photos of roughly twenty million users without properly informing them. It's the latest in a string of regulatory actions against the social media giant in Europe, where enforcement of digital privacy rules continues to carry real financial weight.
And in the crypto markets, Bitcoin has slid to a three-month low of sixty-five thousand dollars, with analyst James Check describing what he calls a fourth capitulation wave. His read is a sobering one — that the people selling today are doing so at the very price they wished they had bought at just three months ago. Meanwhile, Ethereum scaling project MegaETH cut twenty percent of its staff as it pivots toward artificial intelligence, a shift that appears to have rattled investor confidence — total value locked on the platform collapsed from over two hundred and forty-five million dollars to under nine million.
That's your Tech Beat for today. Keep surfing. Tech Beat out.
