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Over the past few days, France and Malaysia have joined India in condemning Grok for creating sexualized deepfakes of women and minors. The chatbot, built by Elon Musk’s AI startup xAI and featured on his social media platform X, posted an apology to its account earlier this week, writing, “I deeply regret an incident on…
BNM’s tokenization roadmap aims to focus on real-world use cases such as SME supply chain financing, Shariah-compliant Islamic products, green finance and 24/7 cross-border payments. Bank Negara Malaysia (BNM), the country’s central bank, has unveiled a three-year roadmap to explore and test asset tokenization across the financial sector. Under the initiative, BNM will launch proof-of-concept…
Malaysia’s securities regulator is seeking public feedback on a proposal to allow certain cryptocurrencies to be listed on exchanges without prior approval. The Securities Commission Malaysia (SC) is seeking public feedback on a proposal that would allow cryptocurrency exchanges to list certain digital assets without first obtaining explicit approval from the regulator. According to a…
Hashlabs CEO Jaran Mellerud says US crypto miners could rush to buy mining rigs amid Donald Trump’s 90-day tariff pause but baseline levies will leave them at a disadvantage. US Bitcoin mining firms will try to capitalize on the Trump administration’s recent tariff pause by stocking up on mining rigs, but the baseline 10% tariffs…
Malaysia has become a hotspot for chip manufacturing due to increasing tensions between the U.S. and China, especially around the development of semiconductors used for AI applications. Predictably, tech firms around the world have been looking to diversify their source of chips, and ARM Holdings is now hoping to make the most of this opportunity….
“Closing arguments heard in ex-Goldman banker Roger Ng trial” A former Goldman Sachs banker should be convicted of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund and causing “immeasurable” harm, a US prosecutor told jurors in her closing argument on Monday. But a lawyer for the defendant Roger Ng, Goldman’s former top investment…
” Malaysian deputy finance minister responds to proposal to legalize Bitcoin “ An official at the Ministry of Finance of Malaysia reportedly opposed the idea of adopting cryptocurrencies like Bitcoin (BTC) as a payment method following recent crypto-friendly proposals by the deputy communications minister. Malaysia has no plans to recognize BTC as legal tender, deputy…
“Ex-Goldman star Roger Ng’s stolen money bought diamonds: feds” Money stolen as part of a scheme by ex-Goldman Sachs bankers to loot a Malaysian sovereign wealth fund was used to make extravagant purchases – such as $300,000 worth of jewelry and a $20,000 gold-plated hourglass, according to an FBI agent who tracked the transactions. FBI…
“China’s military buildup on South China Sea islands threatens region: US commander” China has equipped at least three islands it has built in a disputed area of the South China Sea with anti-aircraft missile systems, fighter jets and laser and jamming equipment — a buildup that threatens all other nations in the region, a top…
” Malaysian comms official calls the state to legalize crypto and NFTs “ The Malaysian Ministry of Communications and Multimedia (KKMM) is reportedly backing the adoption of cryptocurrencies, with the deputy minister calling the government to legalize crypto. Deputy communications and multimedia minister Datuk Zahidi Zainul Abidin has urged Malaysia’s regulators to legalize certain use…