Switzerland Moves to Implement Global Crypto Reporting Standards
Switzerland’s Federal Council, the seven-member executive body that governs the nation, has initiated a public consultation regarding the adoption of the Crypto-Asset Reporting Framework (CARF) to align with global standards…
Ubisoft Cancels Free-to-Play Division Heartland
Ubisoft has officially halted the development of “The Division Heartland,” a previously announced free-to-play title in its popular survival-action shooter series. Initially slated for release in late 2021 or 2022,…
Eclipse Labs Appoints New CEO Following Neel Somani’s Departure Amid Misconduct Allegations
Neel Somani, the founder and former CEO of the Ethereum layer-2 blockchain Eclipse, has stepped down from his role due to sexual misconduct allegations. This development marks a significant leadership…
Instagram Co-founder Mike Krieger Takes New Role at AI Firm Anthropic
Instagram co-founder Mike Krieger has been appointed as the chief product officer of Anthropic, as announced on Wednesday, May 15th. Mike Krieger, previously the chief technology officer at Meta-owned Instagram,…
Mastercard and Standard Chartered Conduct First Live Test of Tokenized Deposits
In a significant advancement in financial technology, Mastercard and Standard Chartered Bank Hong Kong (SCBHK) have successfully completed the first live test of Mastercard’s Multi-Token Network (MTN). This test was…
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…
Robinhood Introduces SOL Staking for European Customers
Amid ongoing legal scrutiny in the United States, Robinhood is taking strategic steps to broaden its cryptocurrency services by targeting the European market. On May 15, the trading platform unveiled…
Justice Department Charges Brothers for $25 Million Ethereum Heist
In a significant development that has rocked the cryptocurrency world, the U.S. Department of Justice has unveiled charges against two brothers for a sophisticated heist that exploited vulnerabilities in the…
Latest FTX Bankruptcy Twist May Compromise Small Creditors
In a recent twist in the FTX bankruptcy saga, a substantial claim against FTX EU—formerly known as K-DNA Financial Services—has been transferred to FTXcreditor, a move that could both streamline…
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…
Humanity Protocol Valued at $1 Billion Following $30M Funding Round
Humanity Protocol, a decentralized identity solution, has recently achieved unicorn status with a valuation of $1 billion after a successful $30 million fundraising round. This round was led by Kingsway…
Vanguard’s New CEO Confirms No Plans for Bitcoin ETF, Upholding Firm’s Investment Strategy
Salim Ramji, soon to be the new chief executive of Vanguard and the former head of BlackRock’s global ETF business, has confirmed that Vanguard will not deviate from its current…
TikTok Creators Sue U.S. Government to Prevent App Ban
A coalition of TikTok influencers has initiated a lawsuit against the U.S. government, challenging a legislative move that could force the sale of the app’s parent company, ByteDance, effectively banning…
LanceDB secures a big $11M to develop an open-source multimodal AI database
Traditional tabular databases, long the backbone of data management, are proving inadequate in the AI era. These conventional systems struggle to manage complex data types such as vectors, images, videos,…
Apple Introduces Eye-Tracking in iPhones and iPads
Apple has announced the introduction of eye-tracking capabilities to recent iPhone and iPad models, enhancing accessibility features across its devices. This update arrives just in time for Global Accessibility Awareness…
Snowflake invests in Metaplane to address data quality challenges hindering AI development.
Today, Snowflake announced an investment in Metaplane, a Boston-based startup specializing in identifying and rectifying data quality issues using an end-to-end AI-powered platform. Although the investment amount remains undisclosed, Snowflake…
High-Tech Innovations Successfully Transform Customer Experience
Are you prepared for a customer experience revolution driven by high-tech touchpoints? Imagine a world where interactions with businesses are seamless, personalized, and intuitive. From AI-powered chatbots to virtual shopping…
Apple to integrate its proprietary chips into data servers to enhance iOS 18’s AI capabilities.
Apple is poised to revolutionize its data centers by integrating its own high-end chips to enhance AI features in the forthcoming iOS 18. According to insiders familiar with the plans,…
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…