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Tencent, the Chinese technology giant best known for its dominance in gaming and social media, is now accelerating efforts to expand its cloud computing footprint in Europe. According to Dowson Tong, CEO of Tencent Cloud, the company aims to leverage its unique strengths to carve out space in a market dominated by American hyperscalers. In…
AI stylist and personal shopping platform Alta just closed an $11 million seed round led by Menlo Ventures, signaling growing investor appetite for AI-powered consumer experiences in fashion. Founded by tech veteran Jenny Wang, 28, Alta offers an AI-driven personal stylist that recommends outfits based on users’ budgets, lifestyles, weather, and calendar. The platform also…
Japanese investment firm Metaplanet has cemented its position among the top corporate Bitcoin holders after acquiring 1,112 BTC worth ¥16.88 billion ($117 million) on Monday. With this latest purchase, Metaplanet’s total Bitcoin holdings have reached 10,000 BTC, surpassing Coinbase’s 9,267 BTC, according to data from Bitbo. This move propels Metaplanet into the seventh position among…
Dogecoin [DOGE] continued to bleed as the broader cryptocurrency market sought footing following last week’s volatility. Bitcoin [BTC], which has shaped a familiar price rhythm since May 23—plunging sharply on Thursdays or Fridays, ranging through the weekend, and recovering on Mondays—once again hinted at a potential rebound. Yet, at press time, DOGE’s technical and on-chain…
Aave [AAVE], a leading decentralized finance (DeFi) protocol token, broke past the critical $280 resistance level earlier this week, defying bearish predictions and igniting bullish hopes. However, its breakout was short-lived as it retraced toward lower support zones following broader market turbulence, particularly Bitcoin’s [BTC] rejection at $110,000. Despite the price fluctuation, analysts believe AAVE’s…
China’s retail sales surged in May, growing at the fastest pace since December 2023, fueled by government subsidies and strong online shopping demand. Official data released by the National Bureau of Statistics (NBS) on Monday showed retail sales rose 6.4% year-on-year, beating economists’ forecast of 5% and marking a sharp acceleration from April’s 5.1%. This…
Tether, the issuer of the world’s largest stablecoin USDt, has frozen more than $12.3 million worth of USDT on the Tron Network, continuing its aggressive effort to curb illicit financial activity across the cryptocurrency landscape. Blockchain data from Tronscan confirms the freeze occurred at 9:15 am UTC on Sunday, although Tether has yet to release…
India’s position as a global remittance leader is growing stronger, with inflows rising from $55.6 billion in 2010–11 to $118.7 billion in 2023–24, according to the Reserve Bank of India. With projections placing remittances at $160 billion by 2029, the demand for seamless, digital financial services for non-resident Indians (NRIs) is rapidly accelerating. Enter Aspora—formerly…
Amazon has unveiled an ambitious A$20 billion (US$13.02 billion) investment plan to expand its data centre infrastructure across Australia from 2025 to 2029, marking one of the largest technology infrastructure projects in the country’s history. The move aims to meet soaring demand for cloud computing and artificial intelligence (AI) services while accelerating the digital transformation…
Oil prices spiked sharply on Friday following intensifying geopolitical tensions in the Middle East, as Israel launched attacks on Iranian military and nuclear infrastructure. In retaliation, Iran mounted a response, heightening fears of a broader conflict that could disrupt global oil supply. West Texas Intermediate (WTI) crude, the U.S. oil benchmark, jumped approximately 7.5% to…