Tech
Xi Jinping renews call for Chinese tech push; UP Hackers Demand $1 Million in Crypto: Tech Market Recap
Here is some quick tech information for you so you can stay updated with the latest cryptocurrency and technology news
Hello Tech Fam, here’s a quick tech update to keep an eye out for:
What’s new today: Hackers stole and deleted all student and staff data from KN Modi Foundation computers; Xi Jinping renews call for Chinese tech push after US tightens curbs.
Insights on the Fast-Trach: Ether, ADA Lead Sharp Cryptocurrency Drop Amid Dollar Strength; India must be independent in semiconductor technology, says Adani.
A group of hackers allegedly stole and deleted data of KN Modi Foundation’s educational institutes in Uttar Pradesh and demanded cryptocurrency worth $1 million to fix the problem. The police have registered an FIR against two unknown persons under section 507 (Criminal intimidation by anonymous communication) of the Indian Penal Code (IPC) and relevant sections of the IT Act.
Cryptocurrencies experienced a nearly week-long run above resistance levels as the strengthening dollar sent global stock and currency markets lower. Ether (ETH) and Cardano’s ADA have both fallen nearly 9% in the past 24 hours, giving up a week’s worth of gains to become the biggest losers among major cryptocurrencies. Ether’s slide occurred despite the activation of the Bellatrix upgrade, the last “hard fork” of the Ethereum network before the merger.
Xi Jinping renewed calls for China to step up development of technologies crucial to national security, issuing a strong call just as escalating US sanctions threaten Beijing’s efforts to become self-sufficient in semiconductors. Invoking the so-called “whole national system” that has boosted China’s space and nuclear programs, Xi urged senior officials to pool their resources and focus on breakthroughs crucial to the country’s future.
Art restoration is a discipline that combines passion, patience and resourcefulness. And it increasingly benefits from the latest technological advances, especially in terms of artificial intelligence. The start-up Oxia Palus is training one of these AIs to accurately reconstruct paintings that have been lost for years.
Billionaire businessman and Adani Group Chairman Gautam Adani said on Thursday that India needs to become self-sufficient in semiconductor manufacturing. Speaking at the India Ideas Summit organized by the US-India Business Council, he said US aid would be crucial to help India become self-sufficient in semiconductor manufacturing.