Bitfarms Mined 21% More Bitcoin in June Amid Riot Takeover Attempts
Bitcoin miner Bitfarms increased its month-on-month Bitcoin production by 21% in June while defending against a takeover attempt by Riot Platforms, one of its main competitors. In June, Bitfarms mined…
Microsoft consolidates its retail channels in China
SHANGHAI – In response to recent media reports, Microsoft announced its decision to consolidate its retail channels in mainland China. This strategic move reflects the company’s ongoing assessment of its…
SEC Files Lawsuit Against FTX-Linked Bank, Alleging Fraud
The United States Securities and Exchange Commission (SEC) has taken legal action against Silvergate Capital Corporation, the parent company behind a crypto-friendly bank accused of facilitating fraud at the now-defunct…
Ether Investment Products Experience Largest Outflows Since 2022
Ethereum exchange-traded products faced a challenging end to June, recording the highest outflows since August 2022. According to CoinShares’ weekly analysis, investors withdrew $61 million from Ether investment products between…
Intel’s upcoming CPUs will no longer support DDR4 memory.
Intel is eagerly preparing to launch its highly anticipated next-generation Arrow Lake CPUs later this year, with a significant change that is sure to spark interest among tech enthusiasts. According…
Twitch Honors Top Streamers with New ‘Bleed Purple Statue’
Twitch has unveiled the “Bleed Purple Statue,” a new form of physical recognition for its streamers, announced during Twitchcon Europe 2024 in Rotterdam. These awards, part of the Twitch Streamer…
Zhihu launches an AI-driven feature to enhance user engagement.
Beijing, China – Zhihu, often referred to as China’s Quora, has distinguished itself with the launch of an innovative AI feature. This generative AI, introduced on a recent Saturday, automatically…
Philippines Implements Tether’s USDT for Social Security Contributions
In a groundbreaking move, Tether, the world’s largest stablecoin issuer, has collaborated with the Philippines’ Social Security System (SSS) to integrate cryptocurrency as a viable payment option for social security…
Xurya secures a US$55 million investment to enhance renewable energy initiatives in Indonesia
Indonesia’s premier renewable energy company, Xurya, has secured a substantial new investment of US$55 million to enhance its operations and drive the nation’s renewable energy sector forward. The funding round…
Detroit Implements New Limits on Police Use of Facial Recognition Technology
The Detroit Police Department, under the terms of a recent legal settlement, has established strict new policies on the use of facial recognition technology. This agreement, designed to serve as…
Uber and Lyft Drivers in Massachusetts to Earn $32 per Hour Under New Law
Starting August 15, Massachusetts rideshare drivers will receive a minimum hourly wage of $32.50 and additional benefits, following a settlement between the state and companies Uber and Lyft. This agreement…
Samsung Electronics workers to stage a strike from July 8-10, according to a union official.
A workers’ union at Samsung Electronics in South Korea has announced a strike from July 8-10, as part of their increasing industrial action against the country’s most valuable company. The…
Unlocking Southeast Asia’s AI Innovative Potential: Driving Economic Transformation
Did you know that Southeast Asia is experiencing a groundbreaking transformation with AI innovations reshaping various industries? From revolutionizing healthcare to optimizing logistics, artificial intelligence is driving unprecedented changes across…
Decrease in Crypto Hacking Incidents: June Sees a 54.2% Reduction in Losses
June witnessed a significant decline in the financial impact of cryptocurrency hacks, with losses plummeting by 54.2% compared to the previous month. This marked reduction highlights a shift in the…
Apple Aims to Integrate AI Features into Vision Pro Headsets
Apple is set to expand its artificial intelligence capabilities to the Vision Pro headsets, according to Bloomberg’s Mark Gurman. This initiative is part of Apple’s broader strategy to integrate their…
TikTok’s Instagram competitor, Whee, struggles to gain traction
In an unexpected move earlier this month, TikTok launched a new social app called Whee. This Instagram-like service allows users to take and share photos with friends while offering features…
Axelera secures $68M to challenge Nvidia with innovative edge AI chips
Nvidia has been leading the charge in the age of AI hardware, with its high-performance GPUs being employed by some of the world’s largest technology companies to power training and…
Honor claims AI is ‘worthless’ without data privacy.
George Zhao, CEO of Chinese smartphone company Honor, stressed the importance of data protection in the evolving landscape of artificial intelligence. Zhao’s remarks highlight the necessity of safeguarding user data…
Floki Inu Issues Alert on Counterfeit Tokens Across Solana and Base Platforms
Floki Inu, a prominent memecoin project, has issued a warning to its users and the broader cryptocurrency community regarding fraudulent tokens falsely claiming affiliation with its brand. These unauthorized tokens…
TikTok and influencers significantly influence Gen Z’s shopping choices.
Generation Z in the Asia-Pacific region is revolutionizing the fashion industry by taking cues from idols and influencers, significantly driven by the social media platform TikTok, according to a new…