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Month: May 2024

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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…

Spot Ether ETF Decision Rests with SEC’s 5-Member Panel; Gensler Could Be Decisive

The fate of spot Ether exchange-traded funds (ETFs) may hinge on a critical vote by Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), reflecting a pivotal moment…

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…

Alleged Pump.fun Exploiter Arrested and Released on Bail in the UK

Jarett Dunn, formerly associated with the memecoin trading platform pump.fun, has been implicated in a security breach resulting in a substantial financial exploit amounting to $1.9 million. Dunn, who disclosed…

Kraken Confirms Continuation of USDT Services in Europe Amid Regulatory Developments

Kraken, a major player in the cryptocurrency exchange market, has confirmed it has “no plans” to delist Tether (USDT) in Europe currently, despite speculative reports and regulatory challenges. This clarification…

Quantum Computing Threatens Blockchain Security, Says University of Trento Professor

Professor Massimiliano Sala of the University of Trento recently addressed the imminent threats that quantum computing poses to blockchain technology during a lecture with Ripple, as part of their university…

Microsoft avoids UK antitrust review for its investment in Mistral AI

Microsoft has been cleared of antitrust scrutiny in the UK over its recent investment in French AI startup, Mistral AI. On Friday, the Competition and Markets Authority (CMA) concluded that…

Adobe Issues Legal Warning to Nintendo Emulator Delta Over Similar Logo Design

Delta, a Nintendo emulator app known for allowing users to play retro Nintendo games, recently found itself in a legal skirmish not with Nintendo, but with Adobe over its logo…

Venezuela Implements Crypto Mining Ban to Safeguard National Power Grid

Venezuela has officially joined several other nations in limiting cryptocurrency mining operations due to significant electricity consumption concerns. The Ministry of Electric Power announced an initiative to disconnect crypto mining…

XRPL Records 108% Increase in Transactions During First Quarter of 2024

In a remarkable leap forward, transactions on the XRP Ledger (XRPL) more than doubled from the fourth quarter of 2023 to the end of the first quarter of 2024, as…

Security Bug in Connected Laundry Machines Discovered by Students Could Affect Millions

Two students from the University of California, Santa Cruz have identified a security bug in internet-connected laundry machines that could potentially allow millions of users to conduct laundry services without…

Microsoft provides cloud customers with an innovative AMD alternative to Nvidia AI processors

SAN FRANCISCO – Microsoft announced plans to offer its cloud computing customers a new platform featuring AMD’s artificial intelligence (AI) chips, designed to compete with components made by Nvidia. Detailed…

Slack Scrambles to Update AI Data Use Policies After User Backlash

Slack, owned by Salesforce, is at the center of a heated debate over its use of customer data in AI applications, prompting a swift promise to update its privacy policies…

Phantom Wallet Ascends to Top Three in App Store, Boosting Solana Sentiment

Phantom Wallet, a leading cryptocurrency wallet, has impressively climbed to the third position in the Apple App Store’s utility category, ranking just below giants such as Google and Google Chrome…

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…

MIT Engineers Develop SuperLimbs to Help Astronauts Stand After Falls

Astronauts, despite their peak physical condition, often struggle with mobility in space due to bulky suits and low gravity. MIT engineers may have a solution with “SuperLimbs,” an exoskeleton designed…

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…

Millennium Management Reports $2 Billion Investment in Bitcoin ETFs

Millennium Management, a leading global hedge fund, has disclosed substantial holdings in spot Bitcoin ETFs totaling nearly $2 billion as of the first quarter of 2024. This revelation came through…