Top tech news stories today: May 17, 2024

From OKX’s introduction of NOT crypto perpetual futures to GraspLet’s expansion into the IoT sector. Dive into these stories and more to stay ahead in the tech industry.


1. OKX introduces perpetual futures for NOT Crypto

In a significant development, leading cryptocurrency exchange OKX has announced that it will enable USDT-margined perpetual futures for NOT cryptocurrency. As part of the announcement, OKX has activated spot margin trading for the NOT/USDT pair. (Blockchain news)

2. Binance cancels listing of Notcoin (NOT) trading pair NOT/BTC

Binance removes the NOT/BTC trading pair for Notcoin (NOT), boosting the asset price to $0.014, though some users have yet to receive their tokens across various exchanges. (Binance square)

3. Tether, TON Foundation, and Oobit join forces for seamless crypto-payment solution

Tether Operations Limited partners with Oobit and the TON Foundation to revolutionise cryptocurrency payments, providing users with a seamless and convenient transaction experience. (tether.)

4. Binance introduces Liquidity Pairing Program to enhance crypto trading ecosystem

Cryptocurrency exchange Binance announced it has launched the Liquidity Pairing Program, allowing projects seeking to improve liquidity and foster a robust ecosystem to connect with qualified Liquidity Providers. (MPOST)

IT infrastructure

5. ITW exclusive: Rolf Nafziger changes role at Deutsche Telekom

Deutsche Telekom Global Carrier has announced at ITW 2024 that 24-year veteran Rolf Nafziger will step away from his current role overseeing its global wholesale unit to take up a new role as executive advisor within the strategy consulting department. (Capacity)

Tech trends

6. Microsoft asks some China staff to relocate amid Sino-US tensions

Microsoft is asking some of its China-based staff to consider transferring outside the country, the company said on Thursday, as Sino-U.S. relations strain amid a race for cutting-edge technology. (Reuters)

7. Recently delisted Toshiba to cut 4,000 jobs in restructuring drive

Toshiba plans to cut up to 4,000 jobs in Japan as part of its restructuring under new ownership by Japan Industrial Partners, marking a significant shift for private equity in the country. The company aims for a 10% operating profit margin in three years. (The Asian Shimbum)

8. India’s Zoho plans $700 mln foray into chipmaking

Indian software firm Zoho plans to enter chipmaking with a $700 million investment, seeking incentives from the federal government, according to sources familiar with the proposal. (Reuters)

9. TikTok is testing hour-long videos

TikTok is testing hour-long video uploads with a select group of users, aiming to compete with YouTube. Initially a short-form video platform, TikTok has gradually increased its upload limits to attract creators and boost ad revenue, potentially enticing TV networks to debut series on its platform. (Media Daily News)


10. AI voiceover company stole voices of actors, New York lawsuit claims

Two voice actors sued AI startup Lovo in Manhattan federal court, alleging illegal copying and use of their voices without permission. The actors, seeking at least $5 million in damages, accuse Lovo of fraud, false advertising, and violating their publicity rights in a proposed class-action lawsuit. (yahoo! finance)

11. OpenAI strikes deal to bring Reddit content to ChatGPT

Reddit gets access to OpenAI’s tech for building AI features, and OpenAI gets real-time access to Reddit posts that feed into ChatGPT. (The Verge)

12. Ampere Computing pairs with Qualcomm on AI, unveils new chip

Ampere Computing on Thursday said it was pairing its chips with those from Qualcomm in a new offering aimed at lowering the power bills from operating artificial intelligence chips. (U.S. News)

13. Google’s Gemini AI plan for schools promises extra data protection and privacy

Google will soon offer schools access to Gemini AI — specifically for educators and students over the age of 18 — and promises not to use their data for AI model training or share it with anyone. (The Verge)


14. GraspLet uses floLIVE to expand into IoT sector

GraspLet, a UK-based telecom and IT company, expands into the IoT sector through a partnership with floLIVE, leveraging the world’s largest hyperlocal global cellular network to deliver scalable and tailored IoT connectivity solutions. This collaboration aims to meet the complex demands of the rapidly growing IoT market. (IoT now)


Iris Deng

Iris Deng, an intern reporter at BTW media dedicated in Fintech and Blockchain. She is studying English at Hangzhou Dianzi University. Send tips to

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