Governance
Top tech news stories today: July 8, 2024
The new WhatsApp beta for Android lets users send photos to Meta AI for edits. Meta has added features like creating avatars from user photos.
Headline
The new WhatsApp beta for Android lets users send photos to Meta AI for edits. Meta has added features like creating avatars from user photos.
Context
Taiwan’s central bank has no timeline for launching a digital currency, citing complexity. Public hearings next year will educate the public. The bank aims to improve payment efficiency through ongoing research, stressing the need for widespread communication and education. ( Reuters ) Global cryptocurrency theft more than doubled in the first half of 2024 to $1.38 billion, driven by large hacks and rising crypto prices, according to TRM Labs. ( Yahoo!Finance )
Evidence
Pending intelligence enrichment.
Analysis
Bitcoin faced its biggest weekly fall in nearly a year, dropping over 10%, as traders feared token dumping from the defunct Mt. Gox exchange and leveraged selling. ( The Star ) Oladotun Wilfred Akangbe, CMO of Flincap, highlighted the cryptocurrency industry’s growth, focusing on Solana’s resilience and community efforts in Africa. Despite challenges like Binance’s regulatory issues, the crypto sector shows positive growth. ( Cointelegraph ) Talen Energy has urged US regulators to dismiss a challenge from utilities, including American Electric Power and Exelon, against its Amazon data centre deal. ( Business Times ) NASCAR unveiled an all-electric vehicle at the Chicago Street Race while maintaining its commitment to combustion engines. Developed with ABB, the EV prototype features regenerative braking and showcases new technology. ( Aol. )
Key Points
- Fintech
- 1. Taiwan central bank says no timetable for launching digital currency
- Crypto
- 2. Crypto hacking thefts double to $1.4 bln in first half of 2024, researchers say
- 3. Bitcoin set for worst week in nearly a year on Mt. Gox liquidation fears
Actions
Pending intelligence enrichment.
