Intel Shares Soar After Plan to Establish AI-focused Foundry
Intel shares go up by 6% following plans to revitalize the company by establishing an independent subsidiary for its AI-focused foundry business. Intel’s stock price has declined by nearly 45%, and the company has reported multibillion-dollar losses in the past year. In a memo to employees on September 16, Intel CEO Patrick Gelsinger announced that […]
Circle to Launch USDC Stablecoin on Sui Network
The co-founder and CEO of Circle have announced that USD Coin (USDC), the second-largest stablecoin by market capitalization, will be transitioning to the layer-1 blockchain Sui network. Jeremy Allaire, the CEO of Circle, has announced the forthcoming launch of USDC on the Sui network, which will extend the stablecoin’s support beyond 15 blockchain networks. Stravia.sui111.sui, […]
Hong Kong Prepares to Issue AI Guidelines for Finance Sector
Reports indicate that the Hong Kong government will establish policies regarding using artificial intelligence (AI) in the financial sector by the conclusion of October. Hong Kong authorities intend to enhance the utilization of AI in the traditional trading, investment banking, and cryptocurrency markets by implementing new policies. The Financial Services and the Treasury Bureau (FSTB) […]
DBS to Launch Structured Notes for Institutional Clients
DBS Bank, a financial institution in Singapore, will introduce structured notes and over-the-counter (OTC) crypto options trading to its institutional clients in Q4 2024. The bank declared on September 17 that it would persist in providing financial products contingent upon the prices of Bitcoin and Ether, the two largest digital assets by market capitalization. DBS […]
Etherscan Phishing Website Shows Top of DuckDuckGo Search
Privacy-oriented DuckDuckG search engine displays phishing websites when users search for “Etherscan,” a prominent Ethereum block explorer and analytics platform. On September 11, Scam Sniffer, an anti-scam firm on the Web3, warned DuckDuckGo users of an ongoing phishing attempt that was explicitly targeting Ether investors. The phishing websites that imitate Etherscan prompt users to join […]