3AC creditors nab $700 million in Worldcoin, foreigners paid crypto to spy on China, USDC to cease Tron support, and more: Asia Express. Our weekly roundup of news from East Asia curates the industrys most important developments. Creditors of bankrupt Singaporean hedge fund Three Arrows Capital (3AC), who are owed a combined $3.3 billion in...Continue Reading

While many attributed the recent surge in AI tokens to Nvidia’s massive earning reports, data indicates AI tokens have been on a positive trajectory over the past month. Many artificial intelligence (AI)-based crypto tokens and traditional stocks recorded positive growth on Feb. 21 despite a broader market correction. Popular AI-based crypto tokens posted double-digit gains...Continue Reading

Groq’s LPU chip emerges as a potential solution to the challenges faced by AI developers relying on GPUs, sparking comparisons with ChatGPT. The latest artificial intelligence (AI) tool to capture the public’s attention is the Groq LPU Inference Engine, which became an overnight sensation on social media after its public benchmark tests went viral, outperforming...Continue Reading

Arianee has launched a Polygon CDK-powered layer 2 to issue and manage digital product passports for various luxury brands and companies. Luxury brand blockchain infrastructure provider Arianee has developed a new layer 2 built on Polygon to scale its digital product passport platform used by various luxury brands and companies. Arianee has been developing the...Continue Reading

The Gyeonggi Tax Department used the resident registration data of “delinquents,” tracing their mobile phone numbers to detect their accounts on crypto exchanges. The Tax Justice Department of Gyeonggi — the most densely populated province in South Korea — managed to collect 6.2 billion won ($4.6 million) of non-declared taxes last year after implementing a...Continue Reading

South Africa’s 2024 budget review highlighted the need for structural reforms and a focus on improving public financial management. The annual budget of South Africa revealed its treasury’s plan to promote the adoption of digital payments, which includes analyzing stablecoins and blockchain to “improve the lives and livelihoods of marginalized groups.” The country’s 2024 budget...Continue Reading

Ninjalerts CEO Trevor Owens told Cointelegraph that there’s no better place to immortalize data than on Bitcoin. A group of on-chain ninjas has inscribed an emulator for the classic home video game console Nintendo 64 (N64) on the Bitcoin (BTC) network as they campaign for the preservation of classic video games using the blockchain.  This...Continue Reading

Bitcoin is keenly copying previous bull markets, but the April halving demands a period of consolidation of recent BTC price gains. Bitcoin (BTC) is due a “pullback” around its next block subsidy halving, but the timing remains unclear. In his latest YouTube video on Feb. 20, popular trader and analyst Rekt Capital predicted BTC price...Continue Reading

The French football club aims to explore various avenues in the cryptocurrency sector, starting with becoming an infrastructure provider to Chiliz Chain. French football giant Paris Saint-Germain (PSG) is set to deepen its Web3 and SportFi involvement by becoming a validator for fan token blockchain Chiliz. Cointelegraph recently traveled to Paris to speak exclusively to...Continue Reading

Bayo Onanuga, adviser to Nigeria’s president, accused Nigerians of being unpatriotic when trading currency on the Binance platform. An adviser to Nigeria’s president has called for a ban on Binance, KuCoin, and other trading platforms in the country. Bayo Onanuga — President Bola Tinubu adviser’s on Information and Strategy —  took to the X social media...Continue Reading