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Swiss Regulator Orders Crypto-Friendly FlowBank into Bankruptcy
The Swiss Financial Market Supervisory Authority (FINMA) has announced the forced closure and bankruptcy of FlowBank, a Swiss online bank known for its cryptocurrency trading services. This decision comes after…
US Judge Approves Terraform Labs’ $4.5 Billion Settlement with SEC
In a significant legal decision, a United States district court judge has approved a $4.5 billion settlement agreement between Terraform Labs, its co-founder Do Kwon, and the Securities and Exchange…
Taiwan Forms Association to Promote Self-Regulation in the Crypto Industry
A coalition of cryptocurrency companies has come together to form the Taiwan Virtual Asset Service Provider (VASP) Association, aiming to establish self-regulatory standards for the digital asset sector in Taiwan.…
SoftBank Unveils Plans for 150MW AI Data Center at Sharp’s Sakai Facility
In a significant move set to bolster Japan’s AI capabilities, SoftBank announced plans to construct a substantial AI data center at Sharp Corporation‘s LCD panel plant in Sakai City, Osaka…
Chinese Court Sentences Group for Money Laundering Using Digital Yuan
A Chinese court has sentenced several individuals to prison for laundering money using the country’s central bank digital currency (CBDC), the digital yuan. This case underscores the complexities of digital…
Spotify Expands Advertising with Creative Lab Agency and Tests AI Voiceover Ads
Spotify announced on Thursday, June 13, the launch of its first in-house creative agency, named Creative Lab. The introduction of Creative Lab is part of Spotify’s strategic effort to attract…
Uniqlo’s Innovative Checkout Technology Paves the Way to ¥10 Trillion in Sales
Singapore – Fast Retailing Co, Asia’s largest apparel business and the parent company of the popular Uniqlo brand, is accelerating its technological advancements to achieve an ambitious target of ¥10…
Creators Can Now Test Multiple Thumbnails on YouTube to Boost Views
YouTube has recently launched a new feature called “Thumbnail Test & Compare,” which is designed to help creators optimize viewer engagement by testing different video thumbnails. This tool, initially introduced…
ByteDance Unsuccessful in Blocking Trademark Application for Defunct Short Video App
SINGAPORE: In a significant legal ruling, ByteDance, the parent company of the globally renowned social media platform TikTok, has failed to prevent a Singapore-based firm, Dol Technology, from registering the…
OpenAI Welcomes Former NSA Head Paul M. Nakasone to Its Board
OpenAI has expanded its board by appointing Paul M. Nakasone, a distinguished retired U.S. Army general and former director of the National Security Agency, as its latest member. Nakasone, renowned…
Honor Unveils Its First Flip Foldable Smartphone, Taking on Samsung in the Competitive Market
Honor has officially entered the competitive foldable phone market with the launch of its first vertically-folding device, the Magic V Flip. This significant move, announced on Thursday, marks Honor’s continued…
SEC Chair Anticipates Approval of Spot Ether ETFs This Summer
United States Securities and Exchange Commission (SEC) Chair Gary Gensler has indicated that the SEC may approve the listing and trading of spot Ether (ETH) exchange-traded funds (ETFs) within the…
European Commission Chooses Iota’s Web3 ID Solution for Blockchain Sandbox Initiative
The European Commission has selected Iota’s innovative Web3 Identification (Web3 ID) solution for the latest edition of its European Blockchain Sandbox Initiative (EBSI), underscoring the growing importance of decentralized identity…
KuCoin Reports $1 Billion in May Investments, Highlighting Ethereum’s Influence
KuCoin Research has revealed that the cryptocurrency sector attracted over $1 billion in investments during May 2024, a slight dip from April but showing notable interest in Ethereum and related…
MicroStrategy Plans $500 Million Convertible Senior Notes Offering to Acquire More Bitcoin
MicroStrategy has announced a new initiative to offer $500 million in convertible senior notes, with the funds primarily intended for acquiring additional Bitcoin and supporting general corporate purposes. On June…
North Korean Cyberattacks on Brazilian Fintech Firms Exposed
Google Cloud’s threat intelligence team has uncovered a series of cyberattacks orchestrated by North Korean government-backed hackers targeting Brazil’s cryptocurrency exchanges and fintech companies. This revelation underscores the growing threat…
Generative AI Transforms Robot Training at MIT
Researchers at the Massachusetts Institute of Technology (MIT) have developed a groundbreaking technique that significantly enhances the training of multipurpose robots by integrating data from various sources. This method, called…
Microsoft Exits Affirmed and Metaswitch in Telecom Pullback
When Andrew Ward organized a meeting for those affected by Microsoft’s recent telecom layoffs, he anticipated a modest turnout of around 100 attendees. However, the response was overwhelming, with about…
WeWork Rebounds from Bankruptcy, Appoints John Santora as CEO
WeWork, previously mired in financial distress, successfully exited from Chapter 11 bankruptcy this Tuesday, June 11, bringing in John Santora, a seasoned commercial real estate expert, as its new CEO,…
India’s Jio Platforms Secures License to Launch Satellites Competing with Starlink
Orbit Connect India, a collaborative venture between India’s Jio Platforms and Luxembourg-based SES, has received the green light from India’s space oversight agency to operate satellites over the country. This…