Samsung Electronics appoints seasoned executive to address ‘chip crisis’ during AI surge
Samsung Electronics has made a significant leadership change within its semiconductor division, appointing Young Hyun Jun as the new chief to navigate the company through a challenging “chip crisis.” This…
China creates groundbreaking electric car battery that fully charges in just 10 minutes
China has developed a revolutionary car battery that can charge in just 10 minutes and power a car for hundreds of miles before needing to be plugged in. A report…
South Korea and the UK to Co-Host Second Global AI Summit Amid Rising Risks
SEOUL – This week, South Korea and the United Kingdom will co-host the second global AI summit in Seoul, responding to the breathtaking pace of innovation since the first AI…
Chinese EV manufacturer Xpeng plans to successfully launch its first flying car by 2026.
Xpeng AeroHT, an affiliate of the Chinese electric vehicle manufacturer Xpeng, has ambitious plans to deliver its flying car to customers by 2026, according to a statement from Brian Gu,…
Five On-Chain Metrics Suggest Crypto Bull Market May Just Be Starting
Despite the cryptocurrency markets exhibiting sideways movement over the past three months, a surge in bullish sentiment is evidenced by five significant on-chain indicators. These indicators hint that the bull…
Pine Labs receives approval from Singapore court to relocate its base to India
Pine Labs, a leading merchant commerce startup, has secured approval from a Singapore court to merge its local entity with its Indian unit, allowing the firm to transfer all its…
Musk and Indonesian Health Minister Launch Starlink for Healthcare Sector
DENPASAR – Elon Musk, CEO of SpaceX and Tesla, alongside Indonesian Health Minister Budi Gunadi Sadikin, inaugurated SpaceX’s satellite internet service for Indonesia’s health sector on Sunday. This initiative aims…
Dance Videos of Modi and Rival Intensify AI Controversy in India Election
NEW DELHI – In a surprising turn of events during India’s 2024 general election, AI-generated videos featuring prominent political figures have sparked both amusement and concern. One video showcases an…
SEBI Advocates for Diverse Regulatory Oversight of Cryptocurrency in India
The Securities and Exchange Board of India (SEBI) has put forth a proposition for a multi-regulatory approach to oversee the burgeoning cryptocurrency sector within the nation. Recently disclosed documents suggest…
Binance Unveils Solution to Counter $68M Address Poisoning Scams
In a significant step toward enhancing cryptocurrency transaction security, Binance‘s security team has pioneered a novel algorithm designed to counteract address poisoning scams. These scams, which manipulate users into transferring…
Tether and TON Collaborate with Oobit for Enhanced USDT-to-Fiat Conversion
In April, Tether’s USDT and its gold-backed counterpart, Tether Gold (XAUt), launched on The Open Network (TON), a significant step for the cryptocurrency that’s traditionally tethered to stable financial assets…
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…