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Global Tech Updates
Record Outflows Hit Bitcoin ETFs as Prices Tumble
Bitcoin ETFs in the United States have experienced a historic pullback. On March 19, investors withdrew a staggering $326 million across 10 funds, marking the largest single-day exodus to date.Grayscale’s Bitcoin Trust leads this…
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MicroStrategy Expands Bitcoin Portfolio with $604M Investment
MicroStrategy has successfully completed a substantial sale of convertible notes, injecting an additional $603.75 million into its cryptocurrency war chest. This latest financial maneuver follows closely on the heels of a prior $800…
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Apple Eyes Google’s AI Expertise for Next-Gen iPhone Capabilities
Apple is reportedly in negotiations to integrate Google’s Gemini AI engine into its iPhone lineup. This collaboration, as per Bloomberg sources, aims to enhance the iPhone’s AI features, particularly in generative AI applications such as…
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Nigeria SEC Raises Crypto Exchange Fees
The Nigerian Securities and Exchange Commission (SEC) has announced revised financial requirements for cryptocurrency exchanges, marking a significant shift in the regulatory landscape. The SEC’s updated guidelines mandate a substantial…
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Vitalik Buterin Advocates for Layer-2 Driven Growth
In the wake of the successful Dencun hard fork, Ethereum co-founder Vitalik Buterin has emphasized the necessity for a strategic pivot within the Ethereum community. Addressing an audience at ETH Global’s Pragma London, Buterin…
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TikTok Faces Hefty Fine for Content Oversight in Italy
Italy’s competition authority has imposed a €10 million fine on TikTok for not sufficiently monitoring content that could harm young and vulnerable audiences. The social media platform, a subsidiary of the Chinese firm ByteDance, has…
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Binance to Remove Select TUSD Trading Pairs
Binance has announced the forthcoming removal of specific trading pairs involving TrueUSD (TUSD), a stablecoin with ties to tech entrepreneur Justin Sun. The pairs set for delisting are COMP/TUSD, EDU/TUSD, and PENDLE/TUSD, alongside BNB…
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Thailand Embraces US Bitcoin ETFs for Select Investors
Thailand’s financial watchdog has greenlit accredited investors to tap into US-based spot Bitcoin ETFs. This regulatory pivot, spearheaded by the Thailand Securities and Exchange Commission (SEC), introduces private funds that specialize…
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Reddit Eyes $6.4 Billion Valuation in Landmark IPO
Reddit has announced plans for its eagerly awaited IPO, eyeing a valuation that could reach $6.4 billion. The social media giant is offering approximately 22 million shares, with individual prices ranging from $31 to $34, potentially…
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Crypto Scams Surge, Dominating Investment Fraud Cases in 2023
The FBI has highlighted a significant uptick in cryptocurrency fraud, marking a worrying trend for investors. The agency’s findings show an alarming 53% jump in crypto-related investment fraud, accounting for an overwhelming 86% of total…
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