The White House said China had targeted US artificial intelligence (AI) technology for theft. It said advanced US AI systems faced the risk of proprietary information being extracted through proxy accounts and jailbreaking techniques. The US administration said it was reviewing information-sharing with US AI companies and accountability measures to respond to industrial-scale technology theft…
The US raised allegations of technology theft, taking issue with China’s attempt to improperly secure core AI-related technologies. The allegations came as US-China competition over advanced semiconductors and AI intensifies. Market participants are watching the impact of the US-China technology rivalry on the broader semiconductor and AI industries and the possibility of additional sanctions. Forecast…
Prediction market platforms offering diverse gambling options and attractive odds are surging in popularity, observers have said, warning about payout risks amid Hong Kong authorities halting plans to legalise basketball betting. They also said on Tuesday that Hong Kong residents who took part in these platforms, which use cryptocurrency for transactions, could be breaking gambling…
People will soon be able to buy Ethereum-based investment tokens for concerts in March and April, laying the groundwork for the introduction of tokenised gold in Hong Kong, according to an industry leader. Esperanza Fintech Group CEO Dan Ronald Leung Wai-tsun said on Tuesday the initiative would test public appetite for tokenised assets through entertainment…
Bitcoin slid to US$74,541 on Monday morning, its lowest level in 10 months, extending a decline of about 40 per cent from its record high above US$126,000. That peak had been fuelled in part by expectations of a more crypto-friendly stance from the Trump administration. Other major tokens also weakened, with Ethereum down more than…
First came the digital-asset treasuries—public companies that raised equity, bought crypto and watched their stock prices soar. It was a kind of financial alchemy: tap the stock market to buy tokens, then let the market reward you for holding them. Now comes the effort to scale that trade. GSR, a crypto market-maker, filed to launch…
A subsidiary of Fosun International this week marked a new milestone in bringing traditional financial instruments onto a blockchain infrastructure, which it touted as Asia’s first “comprehensive” technical solution for stock performance-linked tokens. Fosun Wealth Holdings-backed start-up Finloop Finance Technology Holding collaborated with FinChain, a Web3 brand under Fosun Wealth, in creating the new solution…
Romain Costaseca | Afp | Getty Images Bitcoin edged higher on Tuesday as stocks fell and gold shot to a new record. The price of so-called digital gold rose as much as 2% to reclaim the $111,000 level after dropping over the weekend to a low last seen in July. Spot gold hovered around $3,500…
00:00 Speaker A You’ve been tracking this space closely. We just saw Ethereum touch a record high over the weekend. I mean, is this all just a risk on trade? What else is, is helping boost this asset class? 00:16 Speaker B Uh, look, as far as Ethereum’s concerned, uh, it is up 90% over…
Crypto investors are holding their breaths before Jerome Powell, chair of the Federal Reserve, speaks Friday in Jackson Hole, Wyoming. Bitcoin has dipped about 1% over the past 24 hours and almost 5% over the past week to around $112,000, according to data from Binance. Ethereum, the world’s second largest cryptocurrency, is also down 2%…