Governance

Top tech news stories today: July 29, 2024

From Trump‘s new policy to the cryptocurrency market to the use of AI for the Paris Olympics, here is the news you need to know today.

AuthorJennifer Yu

Reading Time3 min

PublishedJuly 29, 2024

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Headline

From Trump‘s new policy to the cryptocurrency market to the use of AI for the Paris Olympics, here is the news you need to know today.

Context

Republican presidential candidate Donald Trump told a bitcoin conference on Saturday that the U.S. must dominate the sector or China would, his latest move to court advocates of cryptocurrency, which Beijing has restricted and which he once dismissed as a “scam.” ( Economics Times ) The State of Michigan Retirement System reported investments in a spot Bitcoin exchange-traded fund, or ETF, offered by ARK 21Shares. In a June 30 filing with the United States Securities and Exchange Commission, Michigan’s state pension fund disclosed holding 110,000 shares of the ARK 21Shares Bitcoin ETF under the ticker ARKB. The approximate value of the shares at the time of filing was roughly $6.6 million, a small percentage of the fund’s billions of dollars in assets. ( Cointelegraph )

Evidence

Pending intelligence enrichment.

Analysis

The price of bitcoin eased on Saturday as U.S. Republican presidential candidate Donald Trump told an audience of cryptocurrency enthusiasts that bitcoin was going to the moon and he wanted the U.S. to lead the way. ( Investing ) The European Central Bank says there is “room for improvement” after conducting its first thematic stress tests on cyber resilience to determine how well individual banks would respond to and recover from a cyber attack. ( Finextra ) The former head of Greece’s EYP intelligence service has denied allegations that the state agency used illegal phone malware from 2019 to 2022 to spy on targets, court documents show. ( SCMP ) YouTube speeds in Russia are set to sharply decline on desktop computers due to Google’s failure to upgrade its equipment in Russia and its refusal to unblock channels of Russian media, a senior lawmaker close to the authorities said on Friday. ( Reuters )