Dutch Prosecution Seeks Bankruptcy Declaration for Unlicensed Cryptocurrency Exchange Knaken

The Dutch Public Prosecution Office (OM) has requested the court to declare Knaken Cryptohandel B.V. and Stichting Knaken Payments bankrupt after the Financial Markets Authority (AFM) raised concerns about the unlicensed provision of cryptocurrency services. The company allowed clients to convert fiat currency to cryptocurrency and vice versa without the required AFM license. The OM is concerned about the improper winding down of the company and potential risks to clients.

Sicilian Deeptech Startup Archimede Raises 1.5 Million Euros in Seed Round Led by Primo Capital

Archimede, a Sicilian deeptech startup, raised 1.5 million euros in a seed round led by Primo Capital. The company develops ArchMesh, a modular off-grid infrastructure management solution integrating predictive energy management, satellite connectivity, and low-code software. Funds will support scaling and international expansion.

Spanish Startup Techtail Opens First Autonomous AI-Powered Retail Store in Italy

Techtail, a Spanish startup, opened its first autonomous AI-powered store in Italy at BolognaFiere. The store uses weight sensors, ceiling cameras, and AI to operate without staff, allowing customers to pay via credit card with an automated billing system. The technology has already been deployed in 10 stores in Spain.