Top tech news stories today: February 28, 2024

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1. Bitcoin scorches past $57,000 as big buyers flock in

Bitcoin hit a two-year high on Tuesday, on track for its biggest two-day rally this year, on signs large players were buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022. (Reuters)

2. Backpack crypto exchange’s success is a testament to a maturing industry

The success of the recently launched Backpack cryptocurrency exchange was a testament to a maturing crypto industry that demands more trustworthy exchanges, Armani Ferrante, the founder and CEO of Backpack, told Cointelegraph in an exclusive interview on Feb. 27. (Cointelegraph)

3. Uniswap DEX to launch web wallet extension

Decentralised exchange (DEX) Uniswap is launching a web extension for its native wallet. According to the Feb. 27 announcement, a waitlist is currently available for users who have claimed a uni. eth username. “We will be sharing access to the Uniswap Extension Beta in the order of username claims,” the DEX said. (Cointelegraph)

4. Co-op to transition from data centres to cloud with TCS

This migration to a scalable cloud will help Co-op by enabling a foundation for future capabilities and growth while reducing energy usage and supporting sustainability goals. TCS will also manage the hybrid cloud and SaaS estate for enhanced resilience and agility. (Cloud Computing News)

5. EU 2030 wind target within reach thanks to investment, improved permitting, industry body says

The European Union’s wind power target for 2030 is within reach due to a rebound in investment and improved permitting procedures, an industry association report showed on Tuesday. (Reuters)

6. Splunk beats quarterly revenue estimates on steady demand for cloud services

Data analytics software maker Splunk topped Wall Street estimates for fourth-quarter revenue and profit on Tuesday, bolstered by strong demand for its cybersecurity software and cloud solutions. (Reuters)

7. Apple cancels work on electric car, source says

Apple has cancelled work on its electric car, a source familiar with the matter told Reuters on Tuesday, a decade after the iPhone maker kicked off the project. Shares of the company were up 0.7% in afternoon trading, having pared some losses from earlier in the trading day. (Reuters)

8. TikTok begins removing Universal Music Publishing content after deal stalemate

TikTok has begun removing Universal Music Publishing Group (UMPG) content from the video app as it failed to reach a new licensing agreement with the music label, the social media firm said on Tuesday. (Reuters)

9. OpenAI says New York Times ‘hacked’ ChatGPT to build copyright lawsuit

OpenAI has asked a federal judge to dismiss parts of the New York Times’ copyright lawsuit against it, arguing that the newspaper “hacked” its chatbot ChatGPT and other artificial intelligence systems to generate misleading evidence for the case. (Reuters)


Chloe Chen

Chloe Chen is a junior writer at BTW Media. She graduated from the London School of Economics and Political Science (LSE) and had various working experiences in the finance and fintech industry. Send tips to

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