The Secretary for Financial Services and the Treasury, Christopher Hui, wrote in a blog that unlicensed service providers must submit an application for licensing by Feb. 29. The Hong Kong government’s financial services department highlighted the Feb. 29 deadline for unlicensed virtual asset service providers (VASP) applications and said those not approved must cease operations...Continue Reading

Apple CEO Tim Cook teased plans for the company’s generative AI features set to launch later this year, revealing a strategic focus on AI technologies. Tim Cook, the CEO of Big Tech firm Apple, has confirmed that the company is working on generative artificial intelligence (AI) features that will be available to consumers “later this...Continue Reading

Every EURM is backed on 1:1 par by euro and stored at Spanish banks, such as BBVA and Caixabank. Spanish fintech firm Monei has started trials of a euro-backed stablecoin EURM under the supervision of the Bank of Spain.  An announcement published on Monei’s website on Jan. 29 states the trial in the regulatory sandbox began...Continue Reading

The hacker behind the exploit didn’t use any mixer services or decentralized exchanges. Cryptocurrency exchange Binance froze $4.2 million worth of XRP from the $112 million hack on Ripple co-founder Chris Larsen’s personal wallet on Jan. 31, making it the largest hack of 2024 so far. In a post on social media platform X, Binance CEO...Continue Reading

In a report, a House of Lords committee dismissed exaggerated fears of AI threats to human existence, urging policymakers to address more immediate concerns. The House of Lords Communications and Digital Committee in the British parliament has warned that the United Kingdom’s approach to artificial intelligence has become too narrowly focused on AI safety and the...Continue Reading

Crypto projects like Avalance, Aptos, The Sandbox, Optimism and Sui are set to release millions in vested digital assets this month. The digital asset market is bracing for the release of nearly $900 million in vested tokens this month, with projects like Avalanche, Aptos and The Sandbox leading the charge. Crypto vesting is the process...Continue Reading

BTC price highs and lows aside, Bitcoin is displaying what research calls “characteristic behavior” in the early innings of the bull market. Bitcoin (BTC) has spent nearly 150 days in a $5,000 BTC price corridor as its stubborn range stays put. New analysis from James Van Straten, research and data analyst at crypto insights firm...Continue Reading

During a recent earnings call, Meta chief financial officer Susan Li said they expect Reality Labs’ losses to “increase meaningfully year-over-year.” Meta’s mixed-reality division, Reality Labs, notched an operating loss of over $4.6 billion last quarter despite posting one of its strongest quarterly revenue results of all time. Meta’s fourth quarter results released on Feb....Continue Reading

If successful, the Dencun upgrade will enhance scalability and significantly reduce transaction costs on layer-2s by way of a new process called “proto-danksharding.” Ethereum developers plan to set a mainnet launch date for the Dencun upgrade on Thursday — which will introduce several EIPs, including proto-dank sharding that is expected to drive down transaction costs...Continue Reading

Cybertrace’s CEO Dan Halpin speculates that the crypto scammers are likely well-versed in sales and marketing based on the “convincing” ruse. Cybersecurity firm Cybertrace has published a warning over a “convincing” deep fake video of Australian mining magnate and businessman Andrew “Twiggy” Forrest, seen promoting a fake crypto trading platform on social media. The video...Continue Reading