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Search results for May 21

Finance

Mirae Asset Securities denies Bloomberg report on SpaceX IPO subscription error

Mirae Asset Securities denied a Bloomberg report that there was a communication error during the SpaceX IPO subscription process. The company said it followed the lead underwriters’ procedures and carried out the process normally, and it will take legal action over reporting it says is not based on verified sources. Mirae Asset said it submitted $1.14 billion of investor demand through the system provided and received official confirmation. South Korea’s financial watchdog is inspecting the firm.

AI & Enterprise

K-Moonshot project stumbles at start as AI scientist program director offers to resign

South Korea\'s K-Moonshot project, aimed at applying AI to science and technology to solve national challenges, faces an early setback after a mission program director offered to resign. The science ministry said the resignation came for personal reasons and is expected to be accepted after the deputy prime minister returns from an overseas trip. The ministry plans to proceed without recruiting a successor and has outlined governance and conflict-of-interest controls for program directors.

Crypto

U.S. strategic bitcoin reserve bill takes shape with quarterly reserve proof, external audits mandated

The full text of a U.S. bill on a strategic bitcoin reserve, H.R. 8957, has been released, detailing a structure that effectively locks up federal bitcoin for 20 years. The bill mandates quarterly public cryptographic “proof of reserves” for all government-held bitcoin, along with independent third-party audits and oversight by the inspector general. It also sets limits on disposals and bars using new borrowing, new taxes or deficit spending to acquire bitcoin.