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European Commission Closes Case as TikTok Lite Drops Rewards Feature
The European Commission has concluded its Digital Services Act (DSA) investigation into TikTok Lite’s rewards feature, following TikTok’s commitment to permanently withdraw the mechanism from the EU. The “task and…
Musk Urged to Fix Chatbot Spreading False Election Information
Five secretaries of state are urging Elon Musk to address misinformation disseminated by X’s Grok AI chatbot about the 2024 presidential election. The chatbot falsely informed users that Vice President…
AutoFlight Secures Hundreds of Millions in Funding from Battery Giant CATL
Chinese battery giant CATL has invested hundreds of millions of dollars into AutoFlight, a developer of electric vertical take-off and landing (eVTOL) vehicles. This investment aligns with the rapid development…
Second Patient Receives Neuralink Brain Chip Implant
Neuralink has successfully implanted its brain chip in a second patient, as confirmed by Elon Musk. This device, designed to assist paralyzed patients in using digital devices through thought alone,…
Xapo Bank Introduces Interest-Earning Bitcoin and Fiat Accounts in the UK
Gibraltar-based Xapo Bank has officially launched its services in the United Kingdom after obtaining a local banking license. This move allows the bank to offer new services tailored for users…
GameStop Shuts Down Game Informer Magazine Ending a 33-Year Legacy
Game Informer magazine, the longest-running gaming magazine in the U.S., has been shut down by its parent company, GameStop. This unexpected closure ends the 33-year legacy of the magazine and…
Crypto Investment Products Lose $528M Due to Recession Concerns, Reports CoinShares
A new report by CoinShares highlights a troubling trend in the cryptocurrency market, with significant capital outflows recorded last week, pointing to growing investor anxiety. These outflows coincide with increasing…
Global Market Downturn Leads to Over $1 Billion in Crypto Liquidations
On August 5, the cryptocurrency market experienced a steep decline, contributing to significant financial losses for investors and traders. This downturn was largely influenced by the global economic slowdown and…
China Targets Tech Supremacy with Fudan University’s New Brain Chip Centre
China’s push for disruptive technology is gaining momentum with the establishment of a US$56 million research facility at Fudan University in Shanghai. The Neuromodulation and Brain-Computer Interface (BCI) Research Centre,…
Crypto Hackers Capitalize on Ethereum Price Drop with Stolen Funds
The recent plummet in Ethereum‘s price has presented a ripe opportunity for hackers holding stolen funds to make significant purchases at a discount. On August 5, amidst a sharp 20%…
Apple Begins Payouts Over Faulty Butterfly Keyboards
Apple has initiated payments from its $50 million settlement over the defective MacBook butterfly keyboards. The settlement, approved last year, addresses a class action lawsuit filed in 2018. Keyboard owners…
Xpeng Affiliate Raises $150 Million to Launch Flying Car
AeroHT, the flying car affiliate of Chinese EV maker Xpeng, has secured $150 million in its latest financing round. The funding aims to accelerate the commercialisation of its $200,000 flying…
Memecoin Value Surges After Vitalik Buterin Offloads Unexpected Airdrop
On August 4, a relatively obscure memecoin attempted to leverage Ethereum co-founder Vitalik Buterin‘s fame by airdropping 4% of its total supply to him, thereby making him the token’s largest…
Australian Federal Police Investigate 2,000 Compromised Crypto Wallets
The Australian Federal Police (AFP) is currently investigating significant financial losses affecting at least 2,000 crypto wallets owned by Australians, following a widespread phishing scam operation. This probe, dubbed Operation…
NVIDIA’s AI Team in Hot Water Over Unapproved Video Scraping
NVIDIA, a $2.4 trillion company, reportedly engaged in scraping copyrighted content from YouTube, Netflix, and other sources for AI training without permission. According to 404 Media’s Samantha Cole, the company…
Legislation Seeks to Enhance Secret Service Authority in Crypto Crime Investigations
On August 2, Senators Catherine Cortez Masto of Nevada and Charles Grassley of Iowa introduced a significant legislative proposal titled the “Combatting Money Laundering in Cyber Crime Act of 2024.”…
China’s Honor Receives Strong State Backing Ahead of IPO
Chinese smartphone maker Honor is receiving significant support from local government backers as it prepares for an initial public offering (IPO). The former Huawei unit is benefiting from research-and-development funding,…
Intel to Cut 15% of Workforce, Reports Quarterly Guidance Miss
Intel shares fell by up to 20% in extended trading on Thursday, August 1, after the company announced it would lay off over 15% of its workforce. This move is…
Bitcoin Falls Below $50K as Crypto Market Sees 17% Decline
Bitcoin’s price has recently dipped below the $50,000 mark for the first time since February, touching a low of $49,351 before showing signs of recovery toward the $51,000 level. This…
Intel Predicts AI in Enterprise to Take Three to Five Years for Full Integration
Most enterprises are currently implementing “proofs of concept” for generative artificial intelligence (gen AI) in their data centers, yet production applications are scarce. According to Intel, this process will take…