China’s $1.9 Billion Underground USDT Banking Operation Uncovered
Despite China’s stringent regulations against cryptocurrency activities, Chinese traders have continually found innovative ways to leverage digital currencies. This resilience is evident in the recent discovery by Chinese police of…
ShibaSwap Advances with Comprehensive Upgrade on Shibarium Blockchain
ShibaSwap, the decentralized exchange synonymous with the Shiba Inu ecosystem, has launched a significant update, transitioning its operations to the Shibarium blockchain. This move is poised to revolutionize the platform…
Hybrids Boost Profits for Toyota, Support Honda’s EV Goals
When Toyota Motor Corporation introduced the world’s first hybrid gasoline-electric vehicle, the Prius, in 1997, it initially incurred a loss on every unit sold. Fast forward to today, and booming…
TSMC reports no damage to its Arizona facilities following the incident.
Taipei – Taiwanese chipmaker TSMC confirmed on Thursday that there was no damage to its facilities after an incident occurred at its Arizona factory construction site. The incident involved a…
Chinese companies advance in high-bandwidth memory production for AI chipsets
SINGAPORE/BEIJING – Two leading Chinese semiconductor companies have embarked on the early stages of producing high bandwidth memory (HBM) semiconductors, a critical component in artificial intelligence (AI) chipsets. According to…
pSTAKE Finance, Backed by Binance Labs, Unveils Bitcoin Liquid Staking
pSTAKE Finance, a liquid staking protocol supported by Binance Labs, has recently launched a groundbreaking liquid staking solution for Bitcoin, marking a significant advancement in Bitcoin-native decentralized finance (DeFi). This…
UN Report: North Korea Funneled $147.5 Million Through Tornado Cash
In a startling development reported by Reuters, entities linked to the North Korean regime reportedly used the privacy-enhancing protocol Tornado Cash to launder approximately $150 million in stolen cryptocurrency in…
Indian insurance startup Go Digit secures $141M from anchor investors ahead of IPO
Go Digit, an emerging Indian insurance startup, has successfully raised $141 million from a diverse group of investors as part of its initial public offering (IPO) set to commence on…
$20 Million Hack Paralyzes Sonne Finance, Hacker Unresponsive to Negotiation Efforts
On the evening of May 14, Sonne Finance, a prominent lending protocol, experienced a severe security breach that resulted in the theft of $20 million in cryptocurrencies. The hack targeted…
Massive Influx of Over 1 Million New Crypto Tokens Since April Marks Industry Boom
The cryptocurrency landscape has experienced a significant boom in token creation, with more than one million new tokens introduced since the beginning of April across various platforms, predominantly on Ethereum…
YouTube to Restrict Hong Kong Protest Anthem Videos Following Court Ruling
YouTube, owned by Alphabet Inc., has agreed to block access to 32 video links within Hong Kong following a court order. Critics argue this move is a significant blow to…
Huawei’s flagship store surge in China sets the stage for an interesting showdown with Apple
HONG KONG – Huawei is revolutionizing its retail strategy by opening flagship stores in China, aiming to reclaim its position in the premium electronics market, the world’s largest smartphone market.…
Deutsche Bank Partners with Singapore’s Central Bank on Pioneering Asset Tokenization Project
Deutsche Bank, the German multinational banking and financial services company, has embarked on a groundbreaking collaboration with the Monetary Authority of Singapore (MAS) to advance asset tokenization. This partnership is…
Microsoft requests some China-based employees to relocate due to escalating Sino-US tensions.
Microsoft Corporation (MSFT.O) has initiated a significant internal move, requesting some of its China-based employees to consider relocating outside the country. This development comes as geopolitical tensions between the United…
Uber to acquire Foodpanda’s Taiwan unit from Delivery Hero in a $950 million cash deal.
Uber Technologies announced on Tuesday that it will purchase the Taiwan unit of Delivery Hero’s Foodpanda for $950 million in cash. This acquisition is a strategic move to bolster Uber…
Musk plans visit to Indonesia for Starlink launch, according to minister
Elon Musk, the influential tycoon and owner of SpaceX, is scheduled to visit Indonesia this Sunday to inaugurate the launch of Starlink, SpaceX’s satellite internet service, according to announcements made…
Instagram Expands Its Creator Marketplace to 10 Additional Countries
Instagram is broadening the scope of its creator marketplace, now reaching 10 additional countries, enhancing the platform for brands and creators to collaborate effectively. Initially rolled out in the U.S.…
Sony shares soar 12% following buyback, dividend plans, and an improved profit outlook.
Tokyo – Shares in Sony Group saw a significant surge of 12% in early Tokyo trading on Wednesday following the company’s announcement of several strategic initiatives aimed at boosting shareholder…
Crypto Employment Flourishes in Early 2024, Yet Faces a Setback in April Amid Market and Regulatory Fluctuations
The cryptocurrency sector experienced a robust hiring trend in the first quarter of 2024, showcasing quarter-on-quarter growth with leading companies like Coinbase and Binance ramping up recruitment efforts. Despite this…
China’s inaugural sodium-ion battery energy storage station may reduce dependence on lithium.
The launch of China’s first large-scale sodium-ion battery energy storage station could significantly impact the clean energy sector. This new technology is being viewed as a promising alternative to lithium-ion…