The program intends to help local universities, research institutes and businesses use the AI Supercomputing Center’s computing capabilities. The Hong Kong government has decided to allocate $3 billion Hong Kong dollars ($383 million) to its Cyberport business park as part of a three-year artificial intelligence (AI) subsidy scheme, according to Paul Chan, Hong Kong’s financial...Continue Reading

The People Power Party, led by Rep. Yoon Chang-hyun, intended to announce a virtual asset pledge last week but has postponed it indefinitely. South Korea’s ruling People Power Party has indefinitely delayed its proposal to ease cryptocurrency restrictions, including lifting the ban on local spot Bitcoin (BTC) exchange-traded funds (ETFs), as per local sources. According...Continue Reading

The hacker who gained access to around $6.4 million in ETH from the Seneca stablecoin exploit has returned over $5 million to the project after accepting a 20% bounty. Stablecoin protocol Seneca has offered a 20% bounty to the exploiter who gained access to at least $6.4 million in digital assets after exploiting an approval...Continue Reading

iShares Bitcoin Trust recorded the highest daily inflows on Feb. 28 at $612.1 million, supported by Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF. Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States recorded a cumulative daily inflow of $676.8 million, marking a new all-time high (ATH) for the ecosystem. On Feb....Continue Reading

Liang “Allan” Guo — was one of three directors of a company that operated the ACX Exchange, which collapsed in 2021 and has been the subject of a federal regulator probe since last month. The former director of Australian crypto firm Blockchain Global has been temporarily banned from leaving the country amid a probe over...Continue Reading

A deep-rooted distrust toward banks in many developed countries subsists, so crypto and fintech firms will firstly need to regain their trust. A crypto and fintech “revolution” could solve the lack of financial inclusion in developing countries — but it first needs to gain the trust of the unbanked, according to a payments firm executive....Continue Reading

The price of Solana surged to reach a new 2024 high, while traders are doubling down on the Solana-based memecoin dogwifhat. Solana (SOL) has become the latest altcoin to mint new yearly highs amid a wider crypto rally, with activity on the blockchain spurred by a scramble to buy up the dogwifhat (WIF) memecoin.  In...Continue Reading

An attacker was able to get control of the Shido blockchain’s Ethereum staking contract and transfer out billions of Shido tokens, according to PeckShield. The token for the layer 1 blockchain Shido dropped as much as 94% in just 30 minutes after suffering an exploit. Blockchain security firm PeckShield alerted to the drop in a Feb....Continue Reading

Company stock dipped slightly despite the bumper earnings report, though MARA has gained 300% over the past 12 months. United States Bitcoin mining giant Marathon Digital saw revenues surge in 2023 as it swung to a profit, however, company stock dipped following the release of its fourth-quarterly revenue report.  Marathon Digital released its fourth-quarter and...Continue Reading

A global job takeover won’t be as slow and controlled as many think, but in the end, maybe it’s not such a bad thing, according to ‘Surviving AI’ author Callum Chace. Artificial intelligence will inevitably replace jobs en masse, but that’s not necessarily a bad thing, argues Calum Chace, author of Surviving AI and co-host...Continue Reading