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Crypto

Ex-Google engineer says he sold all bitcoin holdings, raising liquidity and security concerns

Patrick Shyu, a former Google technical lead and content creator, said he sold his entire cryptocurrency portfolio including bitcoin and suffered heavy losses. He said the market drop was steeper than expected and that excessive leverage worsened his losses. Shyu also warned that exit liquidity is thinner than in 2021 and cited potential selling by Mt. Gox creditors and MicroStrategy. He also questioned long-term bitcoin network security as mining rewards decline.

Industry

Academics spar over Microsoft Majorana 2 quantum chip claims

Academics have raised questions over core technology behind Microsoft’s Majorana 2 quantum chip. University of St Andrews physicist Henry Legg said Microsoft has not proven the existence of topological qubits, arguing that tuning procedures, code errors and missing data undermine the company’s claims. Microsoft rejected the criticism, saying it stands by its results and roadmap and that its work has undergone independent verification through a DARPA benchmarking initiative.

Finance

NH Investment & Securities unveils AI virtual person for investment information videos

NH Investment & Securities has introduced investment information video content using artificial intelligence, aiming to improve investor access by converting text-based information into video. The company unveiled its AI-based video content, N2, SIGNAL, featuring an AI-created virtual person, Seo A-in, who explains investment information in an easy-to-understand way. The content is produced from investment reports issued by its research center and will be provided twice a month via its MTS, official YouTube channel and branches.