Top tech news stories today: March 1, 2024

Top tech news stories today: March 1, 2024 is profiled by BTW Media because public-source evidence links it to internet infrastructure, governance, operational dependencies, or market visibility.

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1. Bitcoin set for biggest monthly jump since 2020 amid ETF boost

Bitcoin’s monthly gain is more than 47%, its largest since December 2020, and its rally has pulled ether along in its wake. The smaller cryptocurrency topped $3,500 for the first time since April 2022 on Wednesday and was last up 4.3% at $3,466, taking its February increase to 52%. （Breaking News)

2. BofA’s Merrill, Wells Fargo offering spot bitcoin ETFs to clients

Bank of America’s Merrill Lynch and Wells Fargo have been offering spot bitcoin exchange-traded funds to eligible wealth management clients, highlighting the growing popularity of the asset class. (Reuters)

3. BlackRock Brazil launching depositary receipts fund mirroring US BTC ETF

BlackRock’s iShares spot Bitcoin exchange-traded fund will be available in Brazil thanks to the launch of a new BTC BDR (Brazilian Depositary Receipts) ETF. Trading will begin on March 1, the world’s largest asset manager announced on Feb. 29. (Yahoo)

4. Bitcoin will be ‘larger than gold’ thanks to baby boomers’ trillions, Galaxy CEO Mike Novogratz says

“It will be, and it won’t wait. It will be larger than gold,” Novogratz said. Of the estimated $85 trillion in baby boomer wealth, the majority is managed by registered investors, approximately half of which have access to the 10 recently approved spot Bitcoin ETFs, he says. (Fortune)

5. Indosat eyes GPU-as-a-service with Nvidia collaboration

Indosat Ooredoo Hutchison (IOH) has signed an agreement to adopt Nvidia’s full-stack AI platform in Indonesia, offering companies easy access to cutting-edge graphics processing unit (GPU) technologies to build next-generation digital services. (Light Reading)

6. Kyndryl and Veeam team up to deliver comprehensive cyber resiliency

The deal will focus on providing customers with resiliency services supported by innovative technology, expert infrastructure management and incident recovery services. Under the alliance, Kyndryl will now be a Veeam Accredited Service Partner (VASP). (Kyndryl)

7. Prominent short-seller Citron targets Coinbase stock after exchange outage

Investment research firm Citron, founded by prominent Wall Street short-seller Andrew Left, has called for the short sale of Coinbase (COIN) stock following the exchange’s temporary outage on Feb. 28. (Cointelegraph)

8. Shido token plummets 94% as exploiter drains Ethereum staking contract

The token for the layer-1 blockchain Shido dropped as much as 94% in just 30 minutes after suffering an exploit on its Ethereum-based staking contract. Blockchain security firm PeckShield alerted its followers to the drop in a Feb. 29 X post. (Cointelegraph)

9. Dell beats fourth-quarter estimates on AI server demand

Known for its PC business, Dell has attracted investor attention over the last year due to a spike in interest in its high-powered servers needed to run AI workloads. The company’s infrastructure unit, which includes servers, reported revenue of $9.33 billion in the fiscal fourth quarter, topping estimates. (Channel News Asia)

10. Microsoft tailors AI for finance teams in specialized ‘Copilot’ strategy

Microsoft on Thursday previewed an artificial intelligence tool for customers’ finance departments, part of a strategy tailoring new software to industries, professionals and ultimately individuals. (Reuters)

11. Intel sees AI opportunity for standalone programmable chip unit

Artificial intelligence offers a growing and potentially lucrative opportunity for Intel’s freshly standalone programmable chip unit, its CEO Sandra Rivera said. (The Star)

12. Poland to launch military satellites in 2025, deputy defence minister says

Poland plans to launch a series of military observation satellites in 2025, a deputy defence minister said on Thursday. “Next year, as the Ministry of Defence and the Polish Army, we want to put our first Polish satellites into orbit,” Cezary Tomczyk said during a press briefing. (US News)

13. Robotics startup Figure raises $675 mln from Microsoft, Nvidia, OpenAI

Poland plans to launch a series of military observation satellites in 2025, a deputy defence minister said on Thursday. “Next year, as the Ministry of Defence and the Polish Army, we want to put our first Polish satellites into orbit,” Cezary Tomczyk said during a press briefing. (Reuters)