Crypto

Changpeng Zhao says bitcoin will hit $1 million and outstrip gold

Binance founder Changpeng Zhao said bitcoin will reach $1 million sooner than expected and eventually surpass gold's market capitalisation. Speaking at the Bitcoin Asia event in Hong Kong, he also said countries that do not adopt bitcoin could fall behind. Bitcoin has risen since last week after reports the U.S. Treasury would at least double buyback operations for liquidity support, weakening the dollar and lifting non-interest-bearing assets.

AI & Enterprise

AI music copyright standards gap adds to industry confusion

AI-generated music is spreading quickly, but South Korea still lacks clear standards for recognising copyrights. The Korea Music Copyright Association drew up its own rules for registering and managing AI-assisted music, then withdrew them about three weeks after implementation. Industry uncertainty over copyright registration and the distribution and settlement of royalties is expected to continue. The association has decided to put new registrations on hold until a new management system is prepared.