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Bengal Man Arrested in $235M WazirX Crypto Hack Investigation
In a significant development in the investigation into the $235 million hack of the WazirX cryptocurrency exchange, Delhi Police arrested a suspect from the Bengal region. The arrest marks a…
ePlane Secures $14M to Propel India’s Air Taxi Ambitions
ePlane, an Indian startup focused on electric air taxis, has raised a $14 million Series B funding round as it seeks to capitalize on the Indian government’s interest in developing…
Prospects for a U.S. Bitcoin Strategic Reserve Under President Trump Are Slim
Mike Novogratz, CEO of Galaxy Digital, has expressed doubts about the feasibility of the United States establishing a Bitcoin strategic reserve during President-Elect Trump’s term. Speaking to Bloomberg TV, Novogratz…
Amazon Shuts Down Secret Fertility Tracker Project After 4 Years
Amazon has shut down a four-year project aimed at developing a fertility-tracking device, codenamed “Encore.” Part of the company’s experimental Grand Challenge division, the device was intended to track fertility…
South Korean Morphing Wheel Aims to Redefine Accessibility in Robotics
Researchers at the Korea Institute of Machinery and Materials (KIMM) are pioneering a ‘morphing’ wheel technology that could redefine accessibility and movement in robots, wheelchairs, and unmanned vehicles. This adaptive…
SEC Greenlights Coincheck for Nasdaq Debut as First Japanese Crypto Exchange
Coincheck, a Tokyo-based cryptocurrency exchange under the umbrella of Monex Group, is poised to mark a significant milestone by becoming the first Japanese crypto exchange to be listed on the…
Spotify Launches Paid Program for Video Podcasters
Spotify just announced a new “Partner Program” that pays creators for popular video content on its platform. Starting January 2, 2025, video podcast hosts can rake in revenue through Spotify’s…
China-Linked Hackers Breach U.S. Telecom Networks, Steal Surveillance Data
Chinese-linked hackers accessed surveillance data meant for U.S. law enforcement after infiltrating the networks of several telecom companies, according to a statement from U.S. authorities on Wednesday. The FBI and…
Revolut Expands Cryptocurrency Exchange to 30 New European Markets
Revolut, the cryptocurrency-friendly neobank, has extended its crypto exchange services to 30 new markets across the European Economic Area (EEA). The expansion includes countries such as Belgium, Cyprus, and Denmark,…
Guilty Plea Entered in $73 Million Cryptocurrency Laundering Case
In a recent legal development, Daren Li, a 41-year-old dual citizen of China, has entered a guilty plea for his involvement in a sophisticated scheme that laundered $73 million obtained…
Amazon Challenges Temu and Shein with Discount Storefront ‘Haul’
Amazon is entering the ultra-low-price market with its latest storefront, Amazon Haul, aiming to capture deal-savvy customers who have flocked to popular platforms like Temu and Shein. Accessible exclusively via…
EU Publishes First Draft Code of Practice for General-Purpose AI Mode
The European Union has taken a significant step toward regulating artificial intelligence with the publication of a draft Code of Practice. This initial version targets providers of general-purpose AI models,…
Ethereum ETFs Experience Net Positive Flows with Significant Contributions from BlackRock
The total investments into United States-based spot Ether exchange-traded funds (ETFs) have shifted to a net positive, largely propelled by substantial inflows into BlackRock’s fund. This marks a significant milestone…
China Closing the Tech Gap with the West Says Microsoft President
Microsoft’s President and Vice-Chairman, Brad Smith, cautioned against assumptions that China lags behind the U.S. and Europe in tech advancements, suggesting that China is narrowing the gap with the West.…
EU Regulator Issues Restrictive Measure Guidelines for Crypto Providers
The European Banking Authority (EBA), Europe’s key regulatory body overseeing the banking sector, has released two sets of guidelines aimed at improving compliance with the European Union’s restrictive measures, particularly…
Google to End Political Ads in the EU
Google plans to stop serving political ads in the European Union next year, citing concerns over new regulations aimed at enhancing transparency. This move follows similar actions in France, Canada,…
EDX Markets Sees $36 Billion Trading Volume Surge in 2024
Crypto exchange EDX Markets has reported impressive trading activity in 2024, with over $36 billion in volume generated since January from institutional clients. The exchange has experienced significant growth, particularly…
Ford Faces $165 Million Penalty Over Delayed Rearview Camera Recall
Ford Motor Company has agreed to pay up to $165 million in penalties after the National Highway Traffic Safety Administration (NHTSA) found the automaker failed to promptly address a recall…
AMD Cuts Workforce by 4 Percent as Competition in AI Chip Market Heats Up
AMD is set to reduce its workforce by 4%, translating to approximately 1,000 employees, as part of a strategic move to strengthen its position in the artificial intelligence (AI) chip…
Trump Nominates RFK Jr., a Vocal Anti-Vaccine Advocate, as Secretary of Health and Human Services
President-elect Donald Trump has nominated Robert F. Kennedy Jr., an anti-vaccine activist and former 2024 presidential candidate, to lead the Department of Health and Human Services (HHS). Kennedy, who endorsed…