Asher Genoot, the newly-appointed Hut 8 CEO, said that he will focus on “creating lasting shareholder value.” Bitcoin (BTC) mining firm Hut 8 announced a leadership transition, replacing its CEO weeks after “pump-and-dump” allegations against the company were published by the controversial short-selling firm JCapital Research.  On Feb. 7, the Miami-based mining company published a...Continue Reading

Bitcoin sees a $1,300 daily candle, but a $1 billion surge in open interest sparks concern over BTC price strength at new levels. Bitcoin (BTC) held around 3% higher on Feb. 8 as crypto markets teased some much-needed upside. Data from Cointelegraph Markets Pro and TradingView showed BTC price action focusing on $44,700. The largest...Continue Reading

A detailed report on money laundering in the United States highlights that cash remains king for criminals looking to launder illicit funds. Cash, not cryptocurrencies, remains the go-to money laundering method for criminals and organizations, according to a detailed risk assessment report from the United States Treasury Department. Three separate reports delving into money laundering, terrorist...Continue Reading

Microsoft revealed a partnership with Indian startup Sarvam AI to build on its Azure AI models and deploy a voice-based large language model targeting Indic languages and context. Big Tech developer Microsoft is extending its reach in Asia with its artificial intelligence (AI) products through a new partnership with the Indian startup Sarvam AI.  According...Continue Reading

Arm Holdings’ soaring stock price and robust growth forecast is being fueled by AI demand and strategic expansions. Leading British tech company Arm Holdings saw its stock surge over 30% on Wednesday after the company said it expects profits and sales before earnings for the current quarter to beat market expectations by a large margin. ...Continue Reading

LandVault CEO Samuel Huber explained that the “era of hype” back in 2021 was just a prototype of what the metaverse truly is. While the hype surrounding the metaverse may be away from its peak back in 2021, an executive believes it lives on, with governments in the Middle East capitalizing on the technology to...Continue Reading

Uptake in hilly, rural and urban areas with little or no internet connectivity could be boosted with the introduction of offline solutions. Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank will explore offline solutions to boost adoption of its central bank digital currency (CBDC) – the digital rupee – in remote...Continue Reading

The EU’s Artificial Intelligence Act is a proposed regulation for governing AI use in Europe, focusing on safety, transparency and accountability. The EU Artificial Intelligence Act is a landmark regulatory framework aimed at governing the use and development of AI technologies within the European Union.  Its primary objective is to ensure that artificial intelligence (AI)...Continue Reading

According to the security firm CVE Program, the “Cryptocurrency Widgets – Price Ticker & Coins List plugin” WordPress widget carries a critical vulnerability from versions 2.0 through 2.6.5. The Cyber Security Agency of Singapore (CSA) highlighted that a cryptocurrency widget plugin for the web development platform WordPress contains a vulnerability that can be used to extract...Continue Reading

BlackRock’s IBIT fund is leading the spot Bitcoin ETF pack as February 7 sees billion dollars in trading volume. Total daily trading volume for spot Bitcoin exchange-traded funds (ETFs) topped a billion dollars on Feb. 7, with BlackRock leading the pack. Bloomberg Intelligence analyst James Seyffart described it as a “big volume day” for BlackRock’s...Continue Reading