AI surge expected to drive data centre transactions in Asia this year
SYDNEY/HONG KONG/SINGAPORE — As the artificial intelligence (AI) boom intensifies, global private equity investors and asset managers are preparing for an influx of mergers and acquisitions (M&A), as well as…
Spot ETH ETFs May Fall Short on Delivering Complete Returns to Investors
The cryptocurrency sector is abuzz with the recent successes of spot Bitcoin ETFs, turning the industry’s focus towards the potential for similar products based on Ethereum (ETH). However, the regulatory…
Echelon X, the premier tech conference in Southeast Asia, is scheduled for May 15-16 in Singapore.
Singapore, May 2024 — The esteemed tech and startup platform, e27, has announced the launch of its latest and potentially most significant event to date, Echelon X. Celebrating its tenth…
VARA Introduces Thai-Inspired Corporate Catering Menu in Seattle, Washington
“SharingThailand’s Rich Culinary Heritage Through Inspired Catering Services” Vara, a collective of Thai culinary creators, unveils its new corporate catering menu. This menu embarks on a culinary exploration through Thailand’s…
Amazon pledges to invest US$9 billion to amplify its cloud investment in Singapore.
In a strategic move to bolster its presence in Southeast Asia, Amazon.com Inc has announced plans to invest a staggering US$9 billion (RM42.66 billion) into expanding its cloud computing infrastructure…
Lazarus Group’s Multi-Year $200M Crypto Laundering Scheme Exposed
Between 2020 and 2023, the Lazarus Group, a notorious North Korean state-backed cybercrime syndicate, orchestrated an extensive laundering operation involving over $200 million stolen from cryptocurrency platforms. This revelation was…
South Korea Enhances Crypto Oversight with Permanent Investigative Department
South Korea is taking significant steps to fortify its approach to cryptocurrency regulation. In a move reflective of the growing importance of digital assets within the legal and economic landscape,…
China’s Ant Group intensifies its focus on global expansion, unveiling a cross-border payments service featuring Alipay+.
In a strategic move to bolster its international footprint, Chinese fintech powerhouse Ant Group is leveraging its digital payment solution, Alipay+, to facilitate seamless transactions across borders. The initiative comes…
Runes Drive Transaction Fees Over 1,200 BTC, Offering Boost to Miners Post-Halving
In the wake of Bitcoin’s latest halving, the industry has witnessed significant shifts in the revenue dynamics for miners. A surprising twist has come from the implementation of Runes, a…
Qualcomm soars as AI ignites recovery in the Chinese smartphone market
In a remarkable surge, shares of Qualcomm (QCOM.O) soared by approximately 10%, reaching a level not seen in over two years, driven by signals of a robust demand rebound, particularly…
Cryptocurrency Expected to Reach One Billion Users by 2025, Says Analyst
The cryptocurrency industry stands on the brink of a major milestone, with predictions suggesting it could amass one billion users by the end of 2025. Bitcoin analyst Willy Woo recently…
Samsung’s operating profit skyrockets 930% due to soaring demand for memory chips driven by AI.
Samsung Electronics, the South Korean tech giant, announced on Tuesday a staggering surge in operating profit, exceeding 930% in the first quarter of 2024. The remarkable growth was propelled by…
Allozymes harnesses its turbocharged enzymes for a data and AI venture, securing a big $15 million investment
Allozymes, a biotech startup, has made waves in the bio-based chemical industry with its innovative method of rapidly testing millions of enzyme variants for various chemical reactions. What began as…
Thailand’s SEC Intensifies Action Against Misleading Cryptocurrency Advertisements
The Thai Securities and Exchange Commission (SEC) is intensifying its efforts to safeguard investors from misleading cryptocurrency advertisements. In a recent move, the regulator has issued a stark warning to…
Huawei Malaysia expects industries to adopt 5.5G technology.
Kuala Lumpur – Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) has set its sights on revolutionizing various industries in Malaysia through the deployment of its 5G-Advanced (5.5G) technology. With its…
Analysts Debate Bitcoin’s Next Peak: $70K vs. $210K Amid Conflicting Predictions
The Bitcoin market is currently at a crossroads, with different models and analysts predicting vastly different peaks for this cycle. Veteran trader Peter Brandt has introduced the concept of “exponential…
Google Wallet launches in India with local features; Google Pay remains.
Google Inc. is poised to introduce its Google Wallet service in India, nearly two years after its American relaunch as a comprehensive digital wallet platform. This introduction marks a significant…
Microsoft’s $1.5 billion investment in G42 underscores escalating tensions between the US and China
In a significant development in the global technology landscape, Microsoft has announced a strategic investment of $1.5 billion in G42, an influential Abu Dhabi-based AI company. This investment not only…
Bain Plans IPO for Japan’s Kioxia to Facilitate Refinancing of $5.8 Billion Loan
Tokyo, Japan — Bain Capital has proposed launching an initial public offering (IPO) for Japan’s Kioxia Holdings, aiming to refinance a significant debt as the semiconductor company faces financial hurdles,…
Single Miner Claims 3.125 BTC Reward in Rare Solo Mining Success
In a rare feat within the Bitcoin mining community, a single Bitcoin miner successfully solved a Bitcoin block by themselves, securing the entire block reward of 3.125 Bitcoin, approximately valued…