Equity Equity Monday: Crypto hacks and a scuttled AI IPO
Dec 13, 2021
The holiday news slowdown has hit, but the hosts keep the energy up! They dive into the hacking of the Indian PM's Twitter account promoting bitcoin, sending ripples through the crypto scene. The halted SenseTime IPO raises eyebrows amid regulatory scrutiny in China. Meanwhile, Fuse secures $25 million for Southeast Asian insurance innovation. Plus, Thirdweb is making waves with its no-code solutions for Web3 creators. It's a lively discussion filled with insights into tech trends!
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Indian PM's Twitter Hack
- Indian Prime Minister Narendra Modi's Twitter account was hacked.
- The hackers promoted a Bitcoin scam, which is embarrassing for Twitter, the Indian government, and crypto.
India's Crypto Future
- India's stance on cryptocurrency is uncertain, similar to China's previous back-and-forth approach.
- The Twitter hack could negatively influence India's future crypto regulations.
SenseTime IPO Delay
- SenseTime's Hong Kong IPO was postponed after the US added them to a military-industrial complex list.
- This delay is significant for the Chinese tech market and AI arms race.