World Liberty Financial, a decentralized finance (DeFi) project backed by the Trump family, has made a significant $20 million investment in digital assets ahead of the White House’s first-ever crypto summit on 7 March.
The purchase includes $10.1 million in Ether, $9.9 million in Wrapped Bitcoin, and $1.68 million in Movement Network’s MOVE token. The move has attracted attention due to its timing, with the summit set to explore the future of crypto policy and the potential creation of a Bitcoin reserve.
World Liberty, launched by President Trump’s family in September, aims to allow crypto holders to trade and earn interest on assets without relying on centralised intermediaries.
The project has raised some eyebrows due to a previous report alleging attempts to swap its forthcoming WLFI tokens with other projects, though the company has denied any wrongdoing, clarifying that asset reallocations are for regular business purposes.
The timing of this large acquisition has sparked curiosity, especially with discussions about establishing a US crypto reserve at the summit. Adding to the intrigue, David Sacks, the US crypto czar, criticised past sales of Bitcoin by the government, which resulted in significant losses for taxpayers.
With the summit expected to feature key figures in the crypto industry, it remains to be seen how these developments will shape US policy on digital assets in the future.
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Dubai’s government-owned bank Emirates NBD has entered the cryptocurrency market through its digital banking arm, Liv. The bank has launched cryptocurrency trading services on its Liv X app, allowing users to buy, hold, and sell digital assets. The feature, introduced on 5 March, is powered by Aquanow, a licensed crypto asset service provider. At launch, the platform supports Bitcoin, Ethereum, Solana, XRP, and Cardano, with secure custody managed by Zodia Custody, a regulated crypto custodian which received strategic investment from Emirates NBD.
The UAE continues to emerge as a key player in global cryptocurrency adoption, supported by progressive regulations and rising interest from both institutions and retail investors. A survey found that one in ten UAE residents has invested in digital currencies, with Emiratis showing the highest level of interest. Between July 2023 and June 2024, the country received over $30 billion in cryptocurrency transactions, ranking it among the top 40 nations globally and the third-largest crypto economy in the MENA region.
Beyond cryptocurrency, Liv offers a range of digital banking products, including investment accounts, cashback rewards, and goal-based savings tools. Meanwhile, calls for a unified cryptocurrency regulatory framework in the Gulf are gaining momentum. Saudi economist Ihsan Buhulaiga has urged GCC nations to collaborate on crypto regulations, recognising the growing use of digital assets for payments. With the UAE already positioning itself as a haven for crypto businesses, the region is set to play a leading role in the future of digital finance.
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The US House Judiciary Committee subpoenaed Alphabet on Thursday, demanding information on its communications with the Biden administration regarding content moderation policies. The committee, led by Republican Jim Jordan, also requested similar communications with external companies and groups.
The subpoena specifically seeks details on discussions about restricting or banning content related to US President Donald Trump, Elon Musk, COVID-19, and other conservative topics. Republicans have accused Big Tech companies of suppressing conservative viewpoints, with the Federal Trade Commission warning that coordinating policies or misleading users could breach the law.
Last year, Meta Platforms acknowledged pressure from the Biden administration to censor content, but Alphabet has not publicly distanced itself from similar claims. A Google spokesperson stated the company will demonstrate its independent approach to policy enforcement.
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AxeleraAI, a promising AI chipmaker based in Eindhoven, Netherlands, has been awarded a €61.6 million ($66 million) grant by the European Union to develop its Titania chip.
The grant, provided by EuroHPC, aims to bolster Europe’s AI capabilities by supporting the development of a chip specifically designed for “inference” computing in data centres.
However, this initiative is part of the EU’s broader strategy to enhance its AI sector and reduce its dependency on US and Chinese technologies.
Fabrizio Del Maffeo, CEO of AxeleraAI, expressed pride in the award, viewing it as a significant opportunity for the Dutch company to expand its business.
The new chip will be built on the open-source RISC-V standard, a growing alternative to more traditional chip systems like those from Intel and Arm. AxeleraAI’s existing Metis chip is already being used in edge AI applications, such as monitoring safety in factories through CCTV analysis.
While the company does not aim to compete with industry giants like Nvidia in training AI models, Del Maffeo stated that the Titania chip is designed to excel in running large AI models once they are trained.
This shift towards more affordable inference computing is expected to become increasingly important as the demand for AI solutions grows. AxeleraAI has already raised $200 million from investors, including Samsung, since its founding in 2021.
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Malaysia is engaging with its semiconductor industry to address the potential impact of US tariffs on chips. The US has signalled its intention to impose tariffs of up to 25% on semiconductors, which could significantly affect Malaysia, one of the top exporters of chips to the US Last year, Malaysia shipped $16.2 billion worth of chips, making up nearly 20% of US semiconductor imports.
Trade Minister Tengku Zafrul Aziz said the government is in talks with companies to see if they can absorb the higher costs caused by the tariffs. The discussions are focused on whether consumers or companies will bear the increased expenses. While the government has not yet decided whether it will provide financial support, Malaysia’s strong semiconductor sector, which includes US giants like Intel and GlobalFoundries, remains a critical part of the economy.
Despite concerns over the tariffs, Tengku Zafrul expressed confidence that Malaysia’s data centres would not be affected by new US export restrictions on advanced chips. The country has become a major hub for data centres, attracting investments from companies such as Microsoft, Google, and Amazon. The growth of AI-related demand is expected to drive further expansion, and Tengku Zafrul indicated that the sector’s trajectory is strong enough to absorb any new challenges.
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Italy’s ruling League party is urging the government to choose Elon Musk’s Starlink over French-led Eutelsat for secure satellite communications, arguing that Starlink’s technology is more advanced.
Prime Minister Giorgia Meloni’s government is looking for an encrypted communication system for officials operating in high-risk areas, with both Starlink and Eutelsat in talks for the contract.
League leader Matteo Salvini, a strong supporter of former US President Donald Trump, has emphasised the need to prioritise US technology over a French alternative.
Meanwhile, Eutelsat’s CEO confirmed discussions with Italy as the country seeks an interim solution before the EU’s delayed IRIS² satellite system becomes operational.
Meloni’s office has stated that no formal negotiations have taken place and that any decision will be made transparently.
However, opposition parties have raised concerns over Starlink’s involvement, given recent speculation that Musk could cut off Ukraine from its service, potentially affecting national security interests.
Musk responded positively to the League’s endorsement, calling it ‘much appreciated’ on his social media platform X.
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President Trump has signed an executive order to establish a Strategic Bitcoin Reserve, aiming to safeguard seized Bitcoin as a national asset.
The reserve will be funded solely through Bitcoin obtained via asset forfeiture, ensuring no financial burden on taxpayers. White House AI and Crypto Czar David Sacks estimated that the government holds around 200,000 BTC, though an official audit is yet to be conducted.
The order mandates a full inventory of the government’s digital assets and bans the sale of Bitcoin from the reserve, likening it to a ‘digital Fort Knox’.
A separate Digital Asset Stockpile will be created to store non-Bitcoin cryptocurrencies seized in legal actions, but the government will not purchase additional crypto beyond this method.
Trump’s administration has also tasked the Treasury and Commerce Departments with exploring ways to expand the Bitcoin reserve without any extra cost to taxpayers.
Sacks criticised previous government Bitcoin sales, stating they cost the country over $17 billion in lost value. By halting these sell-offs, the new policy could reduce Bitcoin’s circulating supply, potentially reinforcing its status as a strategic asset similar to gold.
While the market has yet to react, the move signals a long-term shift in US crypto policy, supporting Trump’s vision of making the country the global leader in digital assets.
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YouTube has launched a new $7.99 monthly subscription plan called ‘Premium Lite,’ offering an ad-free experience for most videos, excluding music.
The service is aimed at viewers who rarely watch music content and prefer an alternative to YouTube’s $13.99 Premium plan. By introducing this lower-cost option, YouTube hopes to attract users who already pay for other music streaming services.
The company previously tested Premium Lite in several countries, including Australia and Germany, with early results showing strong demand. Many first-time subscribers opted for the new plan, with some later upgrading to the full Premium service.
YouTube now has over 125 million paying subscribers, up from 100 million at the start of 2024, though this includes free trial users.
Advertising remains YouTube’s primary revenue source, generating $36 billion in 2024, but subscriptions are becoming increasingly important.
Alphabet has not disclosed exact figures for YouTube’s subscription revenue, but company executives have confirmed that paid memberships are contributing significantly to overall earnings.
The new plan is part of YouTube’s broader strategy to expand its subscription base while maintaining strong advertising revenue.
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Elon Musk’s Starlink is seeking to acquire additional spectrum in Italy to enhance its satellite communications network, but regulatory approval remains stalled.
The company applied for access to E-band frequencies two years ago, but the Italian government has yet to grant final approval. Authorities are waiting for a European Union-wide decision on spectrum allocation before moving forward.
Starlink, which operates thousands of low-orbit satellites, has been offering services in Italy since 2021 and currently serves around 55,000 customers.
The company is considering building another ground station in northern Italy due to strong demand while potentially scaling back operations in the south, where uptake has been lower than expected.
The Italian government is also exploring the use of Starlink’s network for secure communications in diplomatic and military operations, as well as to improve internet access in remote areas.
However, progress has been slow amid political opposition and broader EU regulatory uncertainties.
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Google has reported receiving over 250 complaints globally about its AI software being used to create deepfake terrorist content, according to Australia’s eSafety Commission.
The tech giant also acknowledged dozens of user reports alleging that its AI program, Gemini, was being exploited to generate child abuse material. Under Australian law, companies must provide regular updates on their efforts to minimise harm or risk hefty fines.
The eSafety Commission described Google’s disclosure as a ‘world-first insight’ into how AI tools may be misused to produce harmful and illegal content.
Between April 2023 and February 2024, Google received 258 reports of suspected AI-generated extremist material and 86 related to child exploitation. However, the company did not specify how many of these reports were verified.
A Google spokesperson stated that the company strictly prohibits AI-generated content related to terrorism, child abuse, and other illegal activities.
While it uses automated detection to remove AI-generated child exploitation material, the same system is not applied to extremist content.
Meanwhile, the regulator has previously fined platforms like X (formerly Twitter) and Telegram for failing to meet reporting requirements, with both companies planning to appeal.
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