Illicit Chip Flows to Russia Decline, But China and Hong Kong Persist as Key Transshipment Hubs
Semiconductors and other restricted goods shipped through China and Hong Kong to support Russia’s war efforts have decreased by a fifth this year, according to previously undisclosed U.S. Commerce Department…
Byju’s Founder Confronts Crisis Amid Ed-Tech Giant’s Collapse
Byju Raveendran, an Indian mathematics whiz who rose from teacher to startup billionaire, is now facing his toughest challenge yet. His education technology company, Byju‘s, has seen its valuation plummet…
Amazon Prime Day Sets New U.S. Online Sales Record at $14.2 Billion
Amazon Prime Day has once again surpassed previous sales records, generating an unprecedented $14.2 billion in U.S. online sales during its 48-hour event, an increase of 11% from the prior…
Italian State-Owned Bank Tests Digital Bonds on Polygon Blockchain
Italy’s state-owned bank, Cassa Depositi e Prestiti SpA, in collaboration with the trillion-dollar investment bank Intesa Sanpaolo, has successfully completed a digital bond issuance valued at $27.2 million using the…
Investor Interest in BlackRock’s Bitcoin ETF Remains High Despite Bleak Market Sentiment
Since its introduction, BlackRock’s iShares Bitcoin Trust (IBIT) has been a beacon for investors, consistently attracting significant inflows. Most notably, since last Monday, the fund has seen continued investor interest…
Microsoft’s AI-Powered Designer App Now Available on iOS and Android
Microsoft announced on Wednesday that its AI-powered Designer app is officially out of preview and available to all users on iOS and Android. The app, similar to Canva, allows users…
Kraken Custody Extends Services to UK and Australia
Kraken, a leading cryptocurrency exchange, has officially announced the expansion of its Kraken Custody services to institutional clients in the United Kingdom and Australia. This strategic move marks Kraken Custody’s…
MUFG Executives to Take Pay Cuts Following Information Firewall Breach
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest banking group, has announced pay cuts for its CEO and five other executives following breaches of “firewall” regulations at its banking and securities…
TTT Models Poised to Revolutionize Generative AI Landscape
After years of dominance by transformers, the AI community is actively searching for new architectures to overcome their limitations. Transformers are central to models like OpenAI’s Sora, Anthropic’s Claude, Google’s…
Competitive Fee Reductions Emerge Among Upcoming Ether ETF Issuers
As the launch of several Ether exchange-traded funds (ETFs) approaches, competition among issuers is intensifying, with most opting to introduce temporary fee reductions or waivers. These strategic discounts are set…
Apple Vision Pro Unveils New Immersive Content Featuring NBA Stars, The Weeknd, and More
Apple has announced a fresh lineup of immersive video content for its Vision Pro headset, offering viewers a 180-degree viewing experience. This immersive content includes exclusive footage from the 2024…
Crypto Analysts Criticize OKX’s Departure from Nigeria
The exit of the cryptocurrency exchange OKX from Nigeria has sparked significant backlash among local cryptocurrency analysts and stakeholders. This move has raised concerns about the impact of the Nigerian…
Greek Government Set to Enforce Cryptocurrency Taxation by 2025
As reported by the Greek daily paper Ekathimerini on July 15, the Greek government is taking decisive steps to incorporate cryptocurrencies and digital assets into its national tax framework. This…
Ubisoft Pushes Back Mobile Releases for Rainbow Six and The Division
Ubisoft has announced delays for the mobile versions of its popular franchises, Rainbow Six and The Division, pushing their release until at least April 2025. This update was shared in…
Sharp Decline in Popularity for Bitcoin Runes Protocol
Despite various innovative protocols operating on the Bitcoin network, none have sustained transaction volumes to match the original Bitcoin over an extended period. New data reveals that these protocols, while…
UK Government Sets Sights on Regulating Advanced AI Models
Britain’s newly elected Labour government announced plans to explore effective regulation of artificial intelligence models. However, they stopped short of proposing specific laws. In a speech on Wednesday, King Charles…
Media entrepreneur and founder of JamPrime PR agency wins UK Business Leader of the Year
PR and News Agency entrepreneur Ben Nicholls has won the title of ‘UK Business Leader of the Year’ at the Business Awards UK last night. Nicholls was “elated and honoured”…
Over 40% of Japanese Companies Lack AI Implementation Plans
A recent Reuters survey conducted by Nikkei Research has revealed that nearly 25% of Japanese companies have integrated artificial intelligence (AI) into their operations. However, over 40% of businesses have…
OKX Chooses Malta as MiCA Hub to Ensure EU Crypto Compliance
OKX, a prominent crypto exchange and Web3 technology company, has announced that it will establish Malta as its Markets in Crypto-Assets (MiCA) hub. This decision aims to ensure compliance with…
Samsung Set to Acquire UK-Based AI Startup Oxford Semantic in Strategic Move
Samsung Electronics announced today that it has signed an agreement to acquire Oxford Semantic Technologies, a UK-based startup specializing in knowledge graph technology. Established Founders Specialization Key Technology Clients 2017…