Top tech news stories today: March 6, 2024

Top tech news stories today: March 6, 2024 is profiled by BTW Media because public-source evidence links it to internet infrastructure, governance, operational dependencies, or market visibility.

Unlock the future, today! Get the inside scoop on the latest tech trends and innovations that are shaping our world. From AI advancements to next-gen gadgets, be the first to know and stay ahead in the fast-evolving tech landscape.

1. Institutional investors may help bitcoin sustain new heights

As traditional institutions pour money into bitcoin, the cryptocurrency’s latest meteoric rally to a record high may have more legs than in 2021, experts say. (Reuters)

2. Fetch.ai announces GPU rewards for tokenholders after $100M infrastructure investment

Crypto artificial intelligence project Fetch.ai, built on Cosmos, is allocating $100 million to an infrastructure program, dubbed Fetch Compute, that will expand the tools, computing power and training capabilities of developers alongside providing GPU credits for its users. （Cointelegraph)

3. Memecoins rally as bitcoin moves to all-time high

After nearly three years, Bitcoin briefly recovered to its all-time high above $69,000 on March 5. According to data compiled by Ryan Lee, chief analyst at Bitget Research, altcoins such as Floki and Baby Doge have returned anywhere between 80% to 289% in the past week alone. (Cointelegraph)

4. Tokenising the future with Lionel Messi: How RWA can help save the planet

RWA tokenisation promises to revolutionise multiple industries and grow into a $16 trillion market by 2030, with support from high-profile figures like Lionel Messi. (Cointelegraph)

5. Binance and Coinbase crashes caused by algorithmic trading firms — dYdX exec

The increased retail interest, paired with growing workloads from algorithmic trading firms, was the main reason behind the recent exchange outages, according to the dYdX chief strategy officer. (Cointelegraph)

6. Manal Ismail honoured with ICANN Community Excellence Award 2024 for multi-stakeholder Commitment

The Internet Corporation for Assigned Names and Numbers (ICANN) is pleased to announce Manal Ismail, a long-time member of the ICANN community, as the recipient of the ICANN Community Excellence Award 2024. (ICANN)

7. Computer chip group SEMI to EU: new export controls should be ‘last resort’

The European Union should think twice before imposing additional export controls or rules on foreign investment, semiconductor industry group SEMI Europe said in a position paper published this week. (Reuters)

8. Amazon’s AWS removes data transfer fees for clients switching to rivals

Amazon’s AWS said on Tuesday that customers who want to transfer their data to another cloud service provider will not have to pay any network fees globally. (Reuters)

9. Azure unveils advanced AMD EPYC 9004 VMs: A Leap in cloud computing performance

On March 4th, 2024, Azure introduces the latest AMD-based VMs in public preview for the D, E, and F family VMs, built on the 4th Generation AMD EPYC™ 9004 (Genoa) CPU. These new VMs introduce even greater performance and reliability than the previous AMD v5 VMs based on the 3rd Generation AMD EPYC™ (Milan) CPU. (BNN)

10. China to step up quantum computing, AI in tech self-sufficiency drive

China will formulate plans to develop emerging industries including quantum computing and continue striving to achieve self-sufficiency in technology, a government work report said. (Reuters)

11. Meta’s Facebook, Instagram back up after global outage

Meta-owned Facebook and Instagram were back up on Tuesday after a more than two-hour outage that was caused by a technical issue and impacted hundreds of thousands of users globally. The disruptions started at around 10 a.m. (Reuters)

12. Lawmakers seek to force ByteDance to divest TikTok or face US ban

A bipartisan group of U.S. lawmakers introduced legislation on Tuesday to give China’s ByteDance about six months to divest the popular short video app TikTok or face a U.S. ban, seeking to tackle national security concerns about its Chinese ownership. (Reuters)

13. Apple’s iPhone sales in China plunge 24% as Huawei’s popularity surges

Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals such as Huawei. (Reuters)

14. Google rolls out changes for users, apps developers as EU tech rules loom

Alphabet’s Google on Tuesday outlined changes to search results and new tools for apps developers to promote their products on third-party apps and rival app stores as part of efforts to comply with landmark EU tech rules seeking to curb Big Tech’s power. (Reuters)