India Opts Not to Regulate Crypto Transactions Amid Tightened Oversight
The Indian government has disclosed that it currently has no plans to regulate the buying and selling of cryptocurrencies, even as it intensifies efforts to oversee crypto-related activities such as…
South Korea Indicts Kakao Founder for Alleged Stock Manipulation
South Korean prosecutors have indicted Kim Beom-su, the billionaire founder of Kakao Corp, on charges of stock market manipulation, Yonhap news agency reported on Thursday. Kim, also known as Brian…
Mox Bank Initiates Crypto ETF Trading in Hong Kong
Mox, a Hong Kong-based virtual bank subsidiary of Standard Chartered, has recently introduced crypto exchange-traded fund (ETF) trading services for its customers, marking a significant development in the region’s financial…
Binance Records $1.2 Billion in Inflows During Major Market Downturn, CEO Reports
On August 5th, amid a significant market downturn, Binance, the leading cryptocurrency exchange, experienced one of its largest trading days of 2024, with a staggering $1.2 billion in net inflows.…
China’s Robotaxi Revolution Threatens Ride-Hailing Drivers
China’s ride-hailing drivers, like 36-year-old Liu Yi from Wuhan, face new challenges as robotaxis become more prevalent. Liu, who began driving part-time this year due to a construction slowdown, fears…
SoftBank-Backed Ola Electric Achieves $4 Billion Valuation in IPO
Ola Electric‘s initial public offering (IPO) received bids worth $1.8 billion, marking a significant milestone as the first stock offering by a pure-play electric vehicle (EV) maker in India. The…
ByteDance Enters AI Video Market with New App
ByteDance has introduced Jimeng AI, a text-to-video application, expanding its presence in the AI video generation market. This move places ByteDance alongside other Chinese tech firms and OpenAI, the creator…
Waymo Announces New Service Areas in San Francisco and Los Angeles
Waymo, a subsidiary of Alphabet, is expanding its autonomous ride-hailing service areas in San Francisco and Los Angeles to meet growing customer demand, the company announced on Tuesday. This move…
Nvidia Approves Samsung’s HBM3E Chips for AI Processors
Samsung’s latest high-bandwidth memory (HBM) chips have passed Nvidia’s tests for use in its artificial intelligence (AI) processors, according to three sources familiar with the matter. This development marks a…
EtherealX Secures $5M to Revolutionize Satellite Launches in India
Indian space startup EtherealX has secured $5 million in seed funding to develop fully reusable medium-lift launch vehicles, aiming to make satellite launches more cost-effective and time-efficient. Space launches have…
New Chinese Internet Satellites Aim to Challenge Starlink
China launched the first batch of its “Thousand Sails” internet satellites on Tuesday, aiming to rival Elon Musk’s Starlink. The constellation, planned to comprise more than 15,000 low-Earth orbit (LEO)…
Malaysia Aims to Enhance Semiconductor Industry with New Chip-Design Hub
Malaysia has established a chip-design hub in Selangor state to enhance its semiconductor industry and attract foreign investments. This initiative aims to upgrade Malaysia’s capabilities from traditional testing and packing,…
Justin Sun Refutes Liquidation Speculations During Market Unrest
Justin Sun, the founder of Tron and Huobi (HTX), has rebutted allegations suggesting that leveraged futures positions at HTX were liquidated during the recent sharp downturn in the market, asserting…
Chinese Tech Giants Increase Samsung Chip Stockpile Ahead of US Restrictions
Chinese technology companies, including Huawei and Baidu, as well as various startups, are actively stockpiling high bandwidth memory (HBM) semiconductors from Samsung Electronics in anticipation of potential U.S. export restrictions,…
AutoFlight Secures Hundreds of Millions in Funding from Battery Giant CATL
Chinese battery giant CATL has invested hundreds of millions of dollars into AutoFlight, a developer of electric vertical take-off and landing (eVTOL) vehicles. This investment aligns with the rapid development…
Crypto Investment Products Lose $528M Due to Recession Concerns, Reports CoinShares
A new report by CoinShares highlights a troubling trend in the cryptocurrency market, with significant capital outflows recorded last week, pointing to growing investor anxiety. These outflows coincide with increasing…
Global Market Downturn Leads to Over $1 Billion in Crypto Liquidations
On August 5, the cryptocurrency market experienced a steep decline, contributing to significant financial losses for investors and traders. This downturn was largely influenced by the global economic slowdown and…
China Targets Tech Supremacy with Fudan University’s New Brain Chip Centre
China’s push for disruptive technology is gaining momentum with the establishment of a US$56 million research facility at Fudan University in Shanghai. The Neuromodulation and Brain-Computer Interface (BCI) Research Centre,…
Xpeng Affiliate Raises $150 Million to Launch Flying Car
AeroHT, the flying car affiliate of Chinese EV maker Xpeng, has secured $150 million in its latest financing round. The funding aims to accelerate the commercialisation of its $200,000 flying…
Australian Federal Police Investigate 2,000 Compromised Crypto Wallets
The Australian Federal Police (AFP) is currently investigating significant financial losses affecting at least 2,000 crypto wallets owned by Australians, following a widespread phishing scam operation. This probe, dubbed Operation…