Sweden Claims $90 Million in Unpaid Taxes from Cryptocurrency Mining Firms
The Swedish Tax Agency, Skatteverket, has concluded an extensive investigation into the tax practices of cryptocurrency mining companies, resulting in claims of over $90 million in unpaid taxes. This follows…
Malwarebytes Strengthens Consumer Privacy with New Digital Tools
Malwarebytes has recently launched a new version of its Digital Footprint Portal tool, which is designed to help users identify and address potential security risks related to their personal data.…
Canada Sets Early Implementation of Global Crypto Tax Reporting Standards
Canada is poised to adopt the international Crypto-Asset Reporting Framework (CARF) by 2026, according to a recent supplement to the country’s 2024 annual budget. This proactive measure places Canada ahead…
Generative AI’s Potential in Healthcare Questioned
Generative AI, a rapidly advancing technology capable of generating and analyzing diverse data formats such as images, texts, and videos, is progressively making inroads into the healthcare sector. This technological…
The Aquaculture Innovator Embraces Innovative AI for Eco-friendly Fish Farming
In a bid to revolutionize the aquaculture landscape, The Fish Farmer, a prominent Singapore-based aquaculture company, has implemented cutting-edge technologies to enhance its fish farming practices. Led by Malcolm Ong,…
New Zealand Explores the Potential Introduction of Digital Cash
The Reserve Bank of New Zealand (RBNZ) has initiated a 101-day public consultation to gather input on the foundational principles and design options for a potential digital dollar. This move…
X Offer Incentives for Brands to Join Verified Organizations
This week, X (formerly Twitter) introduced a promotional campaign aimed at incentivizing brands to enroll in its Verified Organizations service by offering ad credits equivalent to the subscription cost. Brands…
StealthMole secures $7 million in Series A funding for its great artificial intelligence-driven platform that monitors the dark web.
Singapore and Seoul, Thursday – In a significant boost to the global fight against cybercrime, StealthMole, a pioneering dark web intelligence startup, has successfully closed a $7 million Series A…
Binance Secures Dubai Crypto License as Co-Founder Zhao Relinquishes Voting Power
Binance, the world’s largest cryptocurrency exchange, has successfully obtained a Virtual Asset Service Provider (VASP) license in Dubai, marking a significant regulatory milestone. This achievement came after Changpeng Zhao, Binance’s…
TikTok Commences Trial Version of TikTok Notes in Canada and Australia
TikTok has launched a new app called TikTok Notes, positioning itself as a direct competitor to Instagram. This app, now available for download via the Google Play Store and Apple…
Lambda obtains a $500 million loan using Nvidia chips as security
Lambda, a pioneering artificial intelligence cloud provider, has announced a monumental financial maneuver with a $500 million loan acquisition, marking a significant stride in the AI industry’s hardware sector. This…
Hanwha Aerospace to separate its industrial solutions divisions from defense operations
SEOUL – In a strategic move aimed at bolstering its defence sector, South Korea’s Hanwha Aerospace Co announced plans to spin off its industrial solutions and semiconductor equipment businesses. This…
Sen. Lummis Advocates for Circle Over Tether Amid Proposed U.S. Stablecoin Regulations
Senator Cynthia Lummis (R-Wyo.), a co-author of the latest bill aimed at regulating stablecoins in the U.S., highlighted potential regulatory advantages for Circle Internet Financial compared to Tether, given the…
Kickstarter Adds “Late Pledges” to Boost Post-Campaign Fundraising
Kickstarter has introduced a new feature, “late pledges,” which enables crowdfunding campaigns to continue collecting funds even after their official conclusion. This innovation, announced on Wednesday, April 17th, allows backers…
Ailytics Successfully Obtains $2.7 Million in Pre-Series A Financing Spearheaded by Tin Men Capital
In a significant boost for AI-driven workplace safety and productivity, Ailytics, a pioneering Singapore-based AI software startup, has successfully raised US$2.7 million in an oversubscribed pre-series A funding round. The…
Binance Bolsters Security and Trust by Converting $1 Billion SAFU to USDC Stablecoin
Binance, the largest cryptocurrency exchange globally, announced on Thursday a significant strategic move involving the conversion of its $1 billion Secure Asset Fund for Users (SAFU) into USDC stablecoin. This…
Hinge Health, A Virtual Physical Therapy Provider, Reduces Its Workforce By 10%
Virtual physical therapy provider Hinge Health has recently laid off approximately 10% of its workforce, according to exclusive information obtained by TechCrunch. The Decision Behind the Layoffs The nine-year-old company,…
SiMa.ai raises $70 million in funding to launch a GenAI chip with multimodal capabilities
In a significant stride towards enhancing the capabilities of edge computing with artificial intelligence (AI), Silicon Valley-based SiMa.ai has announced a groundbreaking extension funding round of $70 million. This move…
Upbit Halts High-Value Crypto Transactions Over Regulatory Changes
Upbit, one of South Korea’s leading cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for digital assets exceeding 1 million Korean won (approximately $721). This decision is…
Meta Launches Llama 3, Asserting Its Position Among the Premier Open Models Available
Meta has unveiled the Llama 3 family of generative AI models, marking a significant advancement in their open AI model offerings. The release includes two models, the Llama 3 8B…