Hong Kong Approves BTC and ETH Spot ETFS, Indian Web3 Community Lauds ‘Landmark’ Decision

Hong Kong Approves BTC and ETH Spot ETFS, Indian Web3 Community Lauds ‘Landmark’ Decision

In a rather pro-crypto move, Hong Kong has greenlit the trading of Bitcoin and Ether Spot Exchange-Traded Funds (ETFs). With this move, traders in Hong Kong will get the chance to invest in Bitcoin and Ether via traditional stock markets. This eliminates the need for traders to enter the ecosystems…

US and UK Announce Partnership on AI Safety and Testing

US and UK Announce Partnership on AI Safety and Testing

The United States and Britain on Monday announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions. Commerce Secretary Gina Raimondo and British Technology Secretary Michelle Donelan signed a memorandum of understanding in Washington to jointly develop advanced AI model testing, following…

NYC bar Association Seeks Crypto-Friendly Policy Reforms to Beat Talent Exodus

NYC bar Association Seeks Crypto-Friendly Policy Reforms to Beat Talent Exodus

The Bar Association of New York City has noticed that certain policy reforms are required to maintain the city’s position as a lucrative hub for crypto and Web3 activities. At present, even though the US has not deployed concrete rules to govern crypto, several major companies are experimenting with digital…

Crypto Trading Platform Kraken Sued by US SEC, Company CEO Denies Allegations

Crypto Trading Platform Kraken Sued by US SEC, Company CEO Denies Allegations

Kraken, the crypto trading platform based in the US, has found itself under legal scanner in the US. The Securities and Exchange Commission (SEC) of the US has sued Kraken for operating its business without having registered it officially. The next few days could be tumultuous for the international crypto…

NYC bar Association Seeks Crypto-Friendly Policy Reforms to Beat Talent Exodus

US Govt Could Be World’s Largest BTC Reserve Owing to Seizures from Silk Road, Bitfinex Hack

Bitcoin holdings in the US Treasury has risen exponentially in recent years, making the US government reportedly the largest BTC reserves in the world. Owing to three big seizures from criminal cases, the US Treasury is estimated to be in possession of at least 194,188 BTC tokens. Presently, with Bitcoin…

Baidu, ByteDance, Other Chinese Firms Launch ChatGPT-Like Chatbots to Public

Baidu, ByteDance, Other Chinese Firms Launch ChatGPT-Like Chatbots to Public

Five Chinese tech firms, including Baidu and SenseTime Group, on Thursday launched their artificial intelligence (AI) chatbots to the public after receiving government approval, as China’s government pushes to widen the use of such products amid competition with the United States. Baidu, China’s leading online search provider, said in a statement…

OpenAI Introduces ChatGPT Version for Large Business With More Security

OpenAI Introduces ChatGPT Version for Large Business With More Security

Artificial intelligence leader OpenAI said on Monday it is releasing a version of ChatGPT targeted to large businesses, increasing the overlap in what OpenAI and its financial backer Microsoft offer to customers. ChatGPT Enterprise offers more security, privacy and higher-speed access to OpenAI’s technology, the company said. Early customers include…

US FTC to Probe Qualcomm’s Israeli Chipmaker Autotalks Aquisition Deal: Report

US FTC to Probe Qualcomm’s Israeli Chipmaker Autotalks Aquisition Deal: Report

The US Federal Trade Commission (FTC) is expected to open an in-depth probe on Wednesday of Qualcomm’s purchase of Israeli auto-chip maker Autotalks, Politico reported on Tuesday, citing people familiar with the matter. In May, Qualcomm had said it would acquire Israel’s Autotalks, a maker of chips used in crash-prevention…

Binance Reportedly Saw Monthly Illegal Crypto Transactions Worth  Billion in Banned China Market

Binance Reportedly Saw Monthly Illegal Crypto Transactions Worth $90 Billion in Banned China Market

Binance users traded $90 billion (roughly Rs. 7,42,800 crore) of cryptocurrency-related assets in a single month in China, where cryptocurrency trading has been illegal since 2021, the Wall Street Journal reported on Tuesday citing internal figures and current and former employees of the exchange. The transactions made China Binance’s biggest…

US President Said to to Sign New Order to Limit US Tech Investments in China by Mid-August

US President Said to to Sign New Order to Limit US Tech Investments in China by Mid-August

US President Joe Biden is planning to sign an executive order to limit critical US technology investments in China by mid-August, according to people familiar with the internal deliberations. The order focuses on semiconductors, artificial intelligence and quantum computing. It won’t affect any existing investments and will only prohibit certain…