Persistent Illegal Crypto Advertising Challenges UK Regulatory Efforts
Despite intensified efforts by the UK’s Financial Conduct Authority (FCA) to regulate the digital asset space, illegal cryptocurrency advertisements continue to pervade the United Kingdom. The Financial Times reported that…
Chinese Tech Rivalry Grows as Alibaba Slashes AI Model Prices
Alibaba announced significant price reductions of up to 85% for its large language models (LLMs), signaling intensifying competition among Chinese tech giants in the artificial intelligence space. The price cuts…
China Implements Stricter Forex Rules to Monitor Crypto Transactions
China’s foreign exchange regulator has introduced stringent forex regulations that compel banks to intensify scrutiny of risky trades, particularly those involving cryptocurrencies. Reported by the South China Morning Post on…
Nvidia Adds $2 Trillion in Market Value in 2024
Nvidia surged to the forefront of market capitalization gains in 2024, with its value climbing over $2 trillion, driven by unprecedented demand for its AI-focused chips. The company’s market value…
Alipay Adds AI Image Search to Expand Its Super App Capabilities
Alipay has rolled out a new artificial intelligence-powered image search feature, solidifying its status as a leading super app in China. This feature, known as “Tanyixia” or “do a little…
ByteDance Reportedly Finding Loopholes to Acquire Nvidia Chips Despite U.S. Restrictions
ByteDance, the parent company of TikTok, reportedly plans to spend $7 billion on Nvidia AI chips in 2025. According to The Information, the move could position ByteDance as one of…
IRS Temporarily Suspends Automatic FIFO Rule for Crypto Transactions
The U.S. Internal Revenue Service (IRS) has provided temporary relief from a rule that would have automatically assigned a potentially disadvantageous accounting method for cryptocurrency holders on centralized exchanges. Previously,…
This Designer Created a Viral ‘AI Interview Assistant,’ Leading a Bold Counterstrike Against AI-Driven Hiring
Algorithms—and even AI interviewers—now scan resumes in seconds, rejecting countless hopefuls before a human ever gets involved. Yet, amid this stark landscape, a product born from the vision of a…
Hive Digital to Relocate Headquarters to Texas Amid Favorable Crypto Climate
Hive Digital Technologies, a prominent Bitcoin mining firm, announced on December 31 its plans to relocate its headquarters from Vancouver, Canada, to Texas, motivated by the incoming Trump administration’s supportive…
Beijing Plans to Boost Driverless Vehicle Adoption in the Capital
China’s capital, Beijing, is setting the stage for a driverless future. On December 31, the city passed regulations to promote autonomous driving technology, aiming to eventually introduce driverless public buses…
Las Vegas Explosion Near Trump Hotel Linked to Fireworks in Cybertruck, Leaves One Dead and Seven Injured
A Tesla Cybertruck explosion outside the Trump International Hotel in Las Vegas early New Year’s Day left one person dead and seven others injured, Las Vegas Metropolitan Police Department (LVMPD)…
Push to Include Bitcoin in Swiss National Bank’s Reserves Gains Momentum
On the last day of December, the Swiss Federal Chancellery began processing a significant proposal that, if successful, could integrate Bitcoin into the Swiss National Bank‘s (SNB) strategic reserves. This…
UK Antitrust Watchdog Investigates IBM’s HashiCorp Acquisition
The UK’s Competition and Markets Authority (CMA) has launched a formal review of IBM’s proposed $6.4 billion acquisition of cloud software provider HashiCorp. The investigation aims to assess whether the…
Potential Conflicts Abound as Billionaires Populate Trump’s Administration
President-elect Donald Trump is assembling an administration filled with billionaires and industry magnates, a move that brings considerable business acumen but also a host of potential conflicts of interest. This…
Apple TV+ Offers Free Streaming This Weekend
Apple TV+ will be free to stream worldwide from January 3 to January 5, giving viewers a chance to explore its catalog of original series and films without a subscription.…
Samsung Electronics Takes Majority Stake in Rainbow Robotics
Samsung Electronics has secured the largest shareholder position in Rainbow Robotics, a South Korean robotics company, as revealed in a regulatory filing on Tuesday. The tech giant acquired a 267…
Major Price Reductions on Huawei’s Premium Devices Shake Up Competition
Huawei Technologies has made aggressive price cuts on a range of high-end devices, including smartphones, foldable phones, tablets, headphones, and smartwatches. The reductions, announced via the company’s official Weibo account…
Yuewen Music Festival Lights Up Singapore Sky with Drone and Firework Spectacle in 2025 Countdown
The inaugural Yuewen Music Festival illuminated the sky over Singapore with a magnificent display of over a thousand drones and dazzling fireworks, both inspired by popular Yuewen Intellectual Properties (IPs).…
BYD Factory in Brazil Faces Human Trafficking Controversy
Brazilian labor authorities have alleged that 163 Chinese workers at a construction site for a BYD factory in Bahia are victims of human trafficking. The claims have escalated tensions surrounding…
China Refutes Allegations Following Significant US Treasury Breach
The Chinese government has repudiated claims of involvement in a cybersecurity breach that compromised US Treasury workstations earlier this month, which allowed unauthorized access to “unclassified” documents. On December 30,…