Development

Europol backs major takedown of Cryptomixer in Switzerland

Europol has supported a coordinated action week in Zurich, where Swiss and German authorities dismantled the illegal cryptocurrency mixing service Cryptomixer.

Three servers were seized in Switzerland, together with the cryptomixer.io domain, leading to the confiscation of more than €25 million in Bitcoin and over 12 terabytes of operational data.

Cryptomixer operated on both the clear web and the dark web, enabling cybercriminals to conceal the origins of illicit funds. The platform has mixed over €1.3 billion in Bitcoin since 2016, aiding ransomware groups, dark web markets, and criminals involved in drug trafficking, weapons trafficking, and credit card fraud.

Its randomised pooling system effectively blocked the traceability of funds across the blockchain.

Mixing services, such as Cryptomixer, are used to anonymise illegal funds before moving them to exchanges or converting them into other cryptocurrencies or fiat. The takedown halts further laundering and disrupts a key tool used by organised cybercrime networks.

Europol facilitated information exchange through the Joint Cybercrime Action Taskforce and coordinated operational meetings throughout the investigation. The agency deployed cybercrime specialists on the final day to provide on-site support and forensics.

Earlier efforts included support for the 2023 takedown of Chipmixer, then the largest mixer of its kind.

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NVIDIA and Synopsys shape a new era in engineering

The US tech giant, NVIDIA, has deepened its long-standing partnership with Synopsys through a multi-year strategy designed to redefine digital engineering across global industries.

An agreement that includes a significant investment of two billion dollars in Synopsys shares and a coordinated effort to bring accelerated computing into every stage of research and development.

The aim is to replace slow, fragmented workflows with highly efficient engineering supported by GPU power, agentic AI and advanced physics simulation.

Research teams across semiconductor design, aerospace, automotive and industrial manufacturing continue to face rising complexity and escalating development costs. NVIDIA and Synopsys plan to respond by unifying their strengths, rather than relying on traditional CPU-bound methods.

NVIDIA’s accelerated computing platforms will connect with Synopsys tools to enable faster design, broader simulation capability and more precise verification. The collaboration extends to autonomous engineering through AI agents built on Synopsys AgentEngineer and NVIDIA’s agentic AI stack.

Digital twins stand at the centre of the new strategy. Accurate virtual models, powered through Omniverse and Synopsys simulation environments, will allow engineers to test and validate products in virtual space before physical production.

Cloud-ready access will support companies of all sizes, rather than restricting advanced engineering to large enterprises with specialised infrastructure. Both firms intend to promote adoption through a shared go-to-market programme.

The partnership remains open and non-exclusive, ensuring continued cooperation with the broader semiconductor and electronic design ecosystem.

NVIDIA and Synopsys expect accelerated engineering to reshape innovation cycles, offering a route to faster product development and more reliable outcomes across every primary technical sector.

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Cairo Forum examines MENA’s path in the AI era

The Second Cairo Forum brought together experts to assess how AI, global shifts, and economic pressures are shaping MENA. Speakers said the region faces a critical moment as new technologies accelerate. The discussion asked whether MENA will help shape AI or simply adopt it.

Participants highlighted global divides, warning that data misuse and concentrated control remain major risks. They argued that middle-income countries can collaborate to build shared standards. Several speakers urged innovation-friendly regulation supported by clear safety rules.

Officials from Egypt outlined national efforts to embed AI across health, agriculture, and justice. They described progress through applied projects and new governance structures. Limited data access and talent retention were identified as continuing obstacles.

Industry voices stressed that trust, transparency, and skills must underpin the use of AI. They emphasised co-creation that fits regional languages and contexts. Training and governance frameworks were seen as essential for responsible deployment.

Closing remarks warned that rapid advances demand urgent decisions. Speakers said safety investment lags behind development, and global competition is intensifying. They agreed that today’s choices will shape the region’s AI future.

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DeepSeek launches AI model achieving gold-level maths scores

Chinese AI company DeepSeek has unveiled Math-V2, the first open-source AI model to achieve gold-level performance at the International Mathematical Olympiad.

The system, now available on GitHub and Hugging Face, allows developers to modify and deploy the model under a permissive license freely.

Math-V2 also excelled in the 2024 Chinese Mathematical Olympiad, demonstrating advanced reasoning and problem-solving capabilities. Unlike many AI systems, it features a self-verification process that enables it to check solutions even for problems without known answers.

The launch comes as US AI leaders, such as Google DeepMind and OpenAI, have achieved similar milestones with their proprietary models.

Open access to Math-V2 could democratise advanced mathematical tools, potentially accelerating scientific research and development globally.

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Europe boosts defence with Leonardo’s Michelangelo Dome

Italian defence company Leonardo has revealed plans for the ‘Michelangelo Dome’, an AI-powered shield designed to protect cities and critical infrastructure from missile attacks and drone swarms. The system will integrate multiple defence platforms and is expected to be fully operational by the end of the decade.

The project follows a surge in European defence spending amid geopolitical tensions and uncertainty over US support.

Leonardo’s CEO, Roberto Cingolani, highlighted the system’s open architecture, allowing compatibility with other nations’ defence networks and emphasising the need for innovation and international cooperation.

European defence companies are increasingly investing in integrated command systems rather than standalone hardware.

Private investors are also backing startups developing autonomous and AI-driven defence technologies, creating competition for traditional primes such as Leonardo, BAE Systems, Rheinmetall, and Thales.

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Baidu emerges as China’s AI chip leader

A key player is emerging in China’s AI chip market with Baidu’s Kunlunxin unit stepping in to fill the gap left by Nvidia due to US export restrictions.

The company plans a five-year roadmap for AI chips, beginning with the M100 in 2026 and the M300 in 2027, while already using its chips to run ERNIE AI models.

Strong domestic demand and shortages of AI chips among Chinese tech giants, such as Alibaba and Tencent, have created an opportunity for Baidu.

The company sells chips to third parties and rents computing capacity via its cloud, presenting itself as a full-stack AI provider with integrated infrastructure, models, and applications.

Analysts predict explosive growth for Baidu’s AI chip business, with sales expected to increase sixfold to 8 billion yuan ($1.1 billion) by 2026. Industry experts highlight that the timely delivery of competitive Kunlun chip generations could make Baidu a strategic supplier to the rest of China’s AI ecosystem.

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Coupang breach prompts scrutiny from South Korean regulators

South Korea is examining a significant data breach at Coupang after the retailer confirmed exposure of personal details linked to millions of users. Officials say the incident involves only domestic accounts. Regulators have opened a formal investigation.

Coupang first reported a small number of affected users, then revised its estimate to 33.7 million. The firm states that the leaked data includes names and contact details. It maintains that passwords and payment information remain secure.

Authorities believe the breach may date back several months and may involve an overseas server. Local media reports suspicion of a former employee in China. Investigators are assessing whether safety rules were breached.

The incident adds to a series of cyberattacks on major firms in South Korea this year. Commentators say repeated lapses point to structural weaknesses. Previous breaches at SK Telecom and Lotte Card remain fresh in public memory.

Coupang has apologised and warned customers to watch for scams using stolen information. Regulators pledge to enforce swiftly if violations are confirmed. The case has reignited debate over corporate safeguards and national cyber resilience.

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Spar Switzerland expands crypto payments across its mobile app

Spar Switzerland has advanced retail crypto adoption by adding Bitcoin and over 100 digital assets to its mobile app. On-chain QR payments now replace third-party processors, following earlier pilots with the Lightning Network and Binance Pay.

Supportive national regulations continue to make Switzerland one of the most active retail environments for crypto payments. Merchants across the country have increasingly embraced digital assets, encouraged by clear legal frameworks and a population already familiar with fintech services.

The update follows previous pilots involving the Lightning Network and Binance Pay that began in 2025. Lessons from those trials helped shape Spar’s shift towards a fully integrated on-chain payment system.

Industry analysts view the expansion as a strong signal of growing consumer demand for flexible payment options. Broader access in major retail chains often accelerates mainstream adoption and encourages users and businesses to engage more confidently with the crypto economy.

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Mixx and MVola services grow under Axian’s partnership with Mastercard

Axian Group has entered a strategic partnership with Mastercard to expand digital payment services across its mobile network markets. The collaboration covers virtual and physical cards under the Mixx and MVola brands. Both companies say the tools will enable safer, faster cross-border payments.

Consumers will activate and top up virtual cards via the Mixx and MVola apps in markets such as Madagascar and the Comoros. Axian says real-time monitoring features will simplify international transactions. The rollout is designed to broaden financial access through mobile channels.

Axian’s fintech lead, Erwan Gelebart, says the initiative will help SMEs and entrepreneurs in Senegal and Togo adopt secure mobile-payment tools. He argues the partnership strengthens local digital ecosystems. Mastercard sees the cooperation as part of wider financial-inclusion efforts.

Mastercard executive Mete Guney says the collaboration will expand secure digital-payment infrastructure in Tanzania and neighbouring regions. He says new services aim to improve how people pay and get paid. The companies plan phased deployment as demand grows.

Axian rebranded its mobile units to Yas in 2024 across Madagascar, Comoros, Senegal, Togo and Tanzania. Its financial services arms now operate as Mixx by Yas. The new merchant and card tools build on this unified-market strategy.

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DigitalBridge joins KT to boost Korea’s AI infrastructure plans

KT has partnered with DigitalBridge to build new AI data centres in Korea and abroad. The agreement was signed in Seoul amid growing demand for high-performance computing. Both companies aim to expand into fast-developing regional AI markets.

DigitalBridge brings global data centre and cloud expertise, backed by significant investment capacity. KT says the partnership will boost national AI competitiveness and support expansion plans. Work will cover facility design, operations and improved network connectivity.

Engineers will optimise AI workloads for training and inference across industrial sectors. The partners plan to stabilise high-load systems and streamline data flow. Enterprise and telecom uses are expected to benefit directly.

Energy efficiency is a core priority for advanced AI facilities. KT and DigitalBridge will research cooling improvements and power-saving methods. Both companies frame sustainability as essential for long-term competitiveness.

KT says the collaboration strengthens ambitions for regional AI infrastructure within Korea. Analysts view the move as an effort to secure GPUs and expand capacity. The project aims to position Korea as a key AI data-centre hub.

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