Top tech news stories today: March 4, 2024

Dive into the future with the latest tech news! Explore cutting-edge innovations in AI, blockchain, and more. Stay ahead, stay informed, and witness the future unfolding. Join us on this exciting journey into tomorrow’s technology, today!

1. Bitcoin sees record inflows into accumulation addresses despite overheating signals

Bitcoin Sees Record Inflows into Accumulation Addresses Despite Overheating Signals. Bitcoin has seen record inflows into accumulation addresses indicating strong demand, however on-chain analysts warn the rapid price rise has led to an overheated bull market with risks of selling by miners and traders. (Blockchain News)

2. Nigerian committee summons Binance CEO over financial crime suspicions

The Nigerian House of Representatives Committee on Financial Crimes has called Binance CEO Richard Teng to appear before the committee over suspicions of terrorism financing and money laundering. (Cointelegraph)

3. FTX claim window prices Bitcoin, Ethereum, others below market rates

Wu Blockchain’s findings show that the FTX claim window pricing set stands at $16,871 for BTC, $1,258 for ETH, $16.24 for SOL and $286 for BNB, well below current market prices, which stand at $62,144 for BTC, $3,424.62 for ETH, $129.96 for SOL, and $411.32 for BNB. (Cointelegraph)

4. UK authorities will soon have fewer restrictions when seizing crypto

UK authorities will soon have fewer restrictions when seizing crypto. From April 26, the U.K. economic crime legislation will include civil recovery orders for confiscating crypto assets. (Cointelegraph)

5. Crypto industry momentum ‘is picking up, and it’s unstoppable’ — Ethereum co-founder Joe Lubin

Ethereum co-founder Joe Lubin told ETHDenver attendees that crypto is part of the next super cycle and “we are ready for a new system of the world.” Crypto appears to be in a bull market, perhaps not by a technical definition, but most of the attendees at ETHDenver would agree that it sure feels like it. (Cointelegraph)

6. Alibaba price cut heats up cloud services market

The cloud service provider said it would lower prices of over 100 products by an average of 20%. The price cuts constitute Alibaba’s latest effort to persuade developers to build data-intensive AI models and applications using its cloud services. Alibaba Cloud was one of China’s earliest entrants to cloud computing. (The Star)

7. Harnessing the power of cloud computing for enhanced collaboration and decision-making in upstream oil and gas

Cloud computing can help break down these barriers by providing secure, real-time access to project data and communication channels from any location and device. It also streamlines data sharing and management by providing centralised storage solutions and advanced access controls. (Financial Express)

8. Alibaba spurs price war in cloud computing with steep cuts

Alibaba began slashing prices by as much as 55% on more than 100 services Thursday in a bid to win back customers in the hotly contested market., a rival in e-commerce and cloud services, responded later the same day with its own round of price cuts, unveiled on the company’s WeChat account. (MSN)

9. Elon Musk sues OpenAI for abandoning original mission for profit

Billionaire entrepreneur Elon Musk has sued ChatGPT-maker OpenAI and its CEO, Sam Altman, saying they abandoned the startup’s original mission to develop artificial intelligence for the benefit of humanity and not for profit. (MSN)

10. Court orders Meta to cease using name in Brazil

A Sao Paulo-court ordered Facebook-parent Meta to stop using its name in Brazil within 30 days, after a local computer services provider with the same name filed a lawsuit saying it has been damaged by third parties confusing the companies.(AOL)

11. Apple reverses decision to disable home screen web apps in EU

Apple has reversed a decision to block web apps in the European Union that bypass its 30% App Store fees by selling subscriptions directly through their websites, the company said on Friday, after the move invited scrutiny from regulators. (Reuters)

12. Facebook owner Meta angers Australia with plan to stop paying for news content

Meta Platforms said it will stop paying Australian news publishers for content that appears on Facebook, setting up a fresh battle with Canberra which had led the world with a law that forces internet giants to strike licensing deals. (Reuters)

13. Copilot for OneDrive will fetch your files and summarise them

Copilot for OneDrive will take on the role of a research assistant of sorts, being able to both find, summarise, and extract information from a wide range of files. These include text documents (Word and rich text), presentations, spreadsheets, HTML pages, PDF files, and more. (The Verge)


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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