Bithumb has been added to South Korea's conglomerate watchlist, requiring stricter financial regulations due to its rapid growth in 2024. The Fair Trade Commission also included four other companies, while moving Dunamu to a lower category, as part of its ongoing efforts to regulate large firms in key sectors like crypto and defence.
AnaisThe U.S. Treasury has proposed cutting off Cambodia’s Huione Group from the American banking system due to its role in laundering billions linked to cybercrime, including funds tied to North Korea’s Lazarus Group. Authorities say Huione helped move stolen money through scams and crypto platforms, making it a key player in global online fraud.
WeatherlyAI companions powered by generative AI pose serious risks to minors and should be restricted, a US tech watchdog warned. The report highlights dangers including harmful advice, sexually inappropriate interactions, and emotional dependency—especially troubling for developing adolescent minds.
CatherineA U.S. court has ruled that Apple must allow apps to include links to external payment methods, ending its 30% commission model. This decision, which benefits developers and users, comes after a legal battle with Epic Games and could reshape digital commerce on mobile.
WeatherlyThe US Treasury has sanctioned the Karen National Army (KNA) and its leaders for running crypto fraud and human trafficking networks linked to billions in losses. Authorities say KNA territory hosted "pig butchering" scams that forced trafficked individuals to defraud victims.
CatherineThe Gates Foundation has opened its 12th office in Singapore to boost health, fintech, and AI innovations across Southeast Asia. This expansion aligns with its mission to support global health progress and the United Nations’ Sustainable Development Goals.
WeatherlyOpenAI has scrapped its for-profit conversion plans and will stay under nonprofit control, restructuring its for-profit arm as a public benefit corporation with uncapped investor returns.
KikyoA Kenyan court has ordered Worldcoin to delete biometric data it collected illegally from citizens. The company failed to get proper consent and broke local data protection laws.
AnaisNetflix is developing an eight-episode FTX biopic focused on Sam Bankman-Fried and Caroline Ellison, with the Obamas’ Higher Ground producing and Oscar-winner Graham Moore writing. Julia Garner is in talks to play Ellison, with Evan Peters eyed for SBF.
CatherineSkype has officially shut down after 22 years, with Microsoft now focusing fully on Teams. The decision came as Skype lost users and relevance, while other apps like Zoom and WhatsApp grew in popularity.
Joy