South Korea’s SK Hynix Inc., the world’s second-largest memory chip maker, announced return to profitability in the fourth quarter of 2023. The company posted an operating profit of 346 billion won ($259.8 million), well above market expectations for an operating loss of 192 billion won. That marked a sharp contrast to the 1.9 trillion won … Read more
Nexo, a cryptocurrency lending platform, has taken a significant legal step against the Republic of Bulgaria, seeking $3 billion in damages. This arbitration claim, filed through the World Bank’s International Center for Settlement of Investment Disputes (ICSID) in Washington, DC, centers around allegations that Bulgaria engaged in wrongful and politically motivated actions against the company. … Read more
San Francisco-based AI digital risk protection company Doppel recently announced successfully closing a $14 million Series A funding round. This funding, led by renowned venture capital firm Andreessen Horowitz (a16z), brings Doppel’s total fundraising to date to $19 million. Strategic Cyber Ventures, Script Capital, South Park Commons and SVAngel, among others, also participated in the … Read more
The crypto landscape in 2024 continues to evolve rapidly, with significant changes in the nature and volume of crypto-related crime. Comprehensive analysis of recent reports and data provides insight into current trends, key challenges and future implications for the industry. Declining trend in crypto hacking and scamming According to a report by Chainalysis, cryptocurrency hacking … Read more
Hut 8 Mining Corp, a famous Bitcoin mining company, has issued a strong rebuttal to a short report by JCapital Research published on January 18, 2024. The report, which caused a significant 23% drop in Hut 8 shares, suggested an impending “pump and dump” scenario and raised concerns about new risks after the Hut 8 … Read more
Hong Kong’s Securities and Futures Commission (SFC) recently published its strategic priorities for the years 2024 to 2026. This document outlines a comprehensive strategy aimed at advancing Hong Kong’s securities markets, mitigating risks and improving investor protection against the backdrop of a dynamic global financial landscape. Key areas of focus SFC’s strategic plan is anchored … Read more
The rapid development of artificial intelligence (AI), especially in the realm of large-scale language models (LLM) such as OpenAI’s GPT-4, has brought with it an emerging threat: jailbreak attacks. These attacks, characterized by prompts designed to bypass LLM’s ethical and operational safeguards, are a growing concern for developers, users and the wider AI community. The … Read more
OKX Ventures, the investment arm of prominent crypto exchange and Web3 technology company OKX, recently announced a strategic investment in Orbiter Finance, a decentralized Layer 2 (L2) protocol. This marks a significant step in the evolution of blockchain infrastructure and decentralization efforts. Orbiter Finance, known for its transformative product enhancements, is currently developing a Zero-Knowledge … Read more
Michael Wang, president of ACE Exchange, was arrested on charges of fraud and money laundering. The arrest, which occurred earlier this month, sent shockwaves through the industry, especially given Wang’s remarkable status as the leader of a major crypto exchange. Taiwanese authorities detained Wang following allegations that he was involved in a scheme to promote … Read more
The popular email service offered by Google, known as Gmail, is about to undergo a major transition as a result of the inclusion of a new AI-driven feature called “Help Me Write”, which now includes voice input capabilities. This improvement is not just a step towards improving the ease of user experience; it also symbolizes … Read more