Singapore Alerts Businesses to Rising Threat of Akira Ransomware
The notorious Akira ransomware, responsible for extorting $42 million from over 250 organizations across North America, Europe, and Australia in just a year, is now setting its sights on businesses…
South Korea’s Financial Regulator Clarifies NFT Classification as Virtual Assets
South Korea’s Financial Services Commission (FSC) has released new guidelines detailing when nonfungible tokens (NFTs) should be classified as virtual assets. These guidelines, announced on June 10, aim to provide…
China Proposes New Regulations to Boost Cross-Border E-Commerce
In a strategic move to bolster its cross-border e-commerce sector, China’s Commerce Ministry released new draft rules on Tuesday aimed at promoting the construction of overseas warehouses and expanding international…
China’s EV Market Experiences Growth, Fueled by Government Subsidies
Beijing, China – Amid a turbulent period marked by intense competition and price wars, China’s electric vehicle (EV) industry is poised for a promising resurgence in 2024, fueled by government…
Nvidia Ignites Speculation About Potential Dow Entry Following Stock Split
Nvidia, a leading force in artificial intelligence technology, has enacted a 10-for-1 stock split, a move designed to make its shares more accessible to retail investors and potentially set the…
The EU is set to reveal new tariffs on Chinese EVs this week.
The European Union is poised to unveil a new tariff structure for electric vehicles (EVs) imported from China this week. This move is part of the EU’s strategy to address…
Bitcoin ETFs Absorb Two Months’ Worth of Mining Supply in Early June Surge
In a remarkable show of demand, U.S. spot Bitcoin exchange-traded funds (ETFs) acquired an amount of Bitcoin equivalent to nearly two months’ worth of mining output in just the first…
Legal Dispute Between Arm and Qualcomm Expected to Impact the Surge of AI-Powered PCs
A protracted legal conflict between Arm Holdings and Qualcomm, two behemoths in the tech industry, is casting a shadow over the future of a new generation of artificial intelligence-driven personal…
Fireblocks Expands Offerings with Coinbase International Partnership for Perpetual Futures and Spot Trading
Fireblocks, a leading digital asset infrastructure provider, has significantly broadened its service portfolio. Through a new partnership with Coinbase, Fireblocks now offers derivatives and trading products to both institutional and…
Solana Cracks Down on Validator Sandwich Attacks
The Solana Foundation has taken decisive action against a group of validator operators involved in sandwich attacks on traders, removing them from its delegation program. This move underscores the Foundation’s…
TSMC’s Price Advantage Highlights Difficulties for China’s Semiconductor Fund
In a clear demonstration of the challenges facing Beijing in bolstering its domestic semiconductor industry, the performance disparity between Taiwan Semiconductor Manufacturing Co. (TSMC) and China’s Semiconductor Manufacturing International Corp…
Crypto Inflows Reach $2B in Early June, Ethereum Logs Record Week with $69M
Digital asset investment products kicked off June on a high note, with significant inflows across almost all providers. According to CoinShares’ latest report, the first week of June saw inflows…
Xiaomi Launches Redmi Pad Pro Tablet and Redmi 13 Phone in Singapore
Xiaomi has officially launched its latest devices in Singapore: the Redmi 13 smartphone and the Redmi Pad Pro tablet. These devices are set to attract tech enthusiasts with their advanced…
Base TVL Soars to $8B, Surpassing OP Mainnet in Ethereum Layer-2 Race
The Ethereum layer-2 network Base has seen its total value locked (TVL) surpass $8 billion, achieving this milestone just days after overtaking Optimism’s OP Mainnet. This remarkable growth solidifies Base’s…
Orbit Chain Hacker Transfers $48M to Tornado Cash After Months of Dormancy
In a significant development, the hacker behind the $82 million Orbit Chain exploit has resurfaced after five months of inactivity, transferring a substantial portion of the stolen funds to the…
Binance CEO: Crypto Industry Moves from ‘Early Adopters’ to ‘Early Majority’
Binance CEO Richard Teng recently shared insights with Cointelegraph, highlighting a pivotal shift in the cryptocurrency landscape. According to Teng, the industry has moved beyond the phase dominated by “early…
Arbitrum to Allocate $215M in ARB Tokens to Boost Gaming Innovation
The Arbitrum Foundation, which oversees the Ethereum rollup-based layer-2 network Arbitrum, has unveiled a significant initiative to drive the gaming industry within its ecosystem. This initiative will see the distribution…
Bitcoin Volatility Approaches Historic Lows Before Sharp Decline
In the 15 days leading up to the significant drop on June 7, Bitcoin‘s price exhibited minimal movement, nearing some of the lowest volatility levels ever recorded over such a…
Chinese robot creators aim to overcome the ‘uncanny valley’ challenge
At the recent China Humanoid Robot Developer Conference, a fascinating display captured the attention and sometimes the unease of attendees. A disembodied woman’s head, demonstrating advanced facial mimicking technology, reflected…
Telegram Launches In-App Currency ‘Stars’ for Digital Purchases
Telegram, the popular social messaging platform, has introduced a new in-app token called “Telegram Stars,” designed to facilitate the purchase of digital goods and services within the app. This new…