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Digital Currency Revolution

Circle to Shut Down Consumer Accounts, Confirms Mint Will Remain Active

Nov 01, 2023 07:17 am UTC| Business Digital Currency Investing

Circle, the USDC stablecoin issuer, is phasing out its consumer accounts as part of its strategic company revamp plans. The company notified its customers about this move through emails that were sent out on Tuesday, Oct....

Toyota Pours $8 Billion More into North Carolina EV Battery Plant, Adding 3,000 Jobs

Nov 01, 2023 05:34 am UTC| Business Investing

Toyota Motor announced on Tuesday its plans to invest an additional $8 billion in its electric vehicle (EV) battery manufacturing plant located in North Carolina. This investment will also result in the creation of...

Digital Currency Revolution

Terraform Labs Co-founder Daniel Shin Denies Responsibility for Company's Collapse During Trial

Oct 31, 2023 09:50 am UTC| Business Digital Currency Investing

Terraform Labs co-founder, Daniel Shin, said that ecosystem failure was to be blamed for the dramatic fall of the company. He said this during the recent trial that was held in South Korea. Shin is on trial for his part...

Digital Currency Revolution

Singapore Partner with Japan, Switzerland, UK Regulators for Joint Crypto Pilots

Oct 31, 2023 08:14 am UTC| Business Digital Currency Investing

Singapores central bank is reportedly planning to establish crypto-related cooperation with Japan and some European nations. Thus, it has teamed up with the monetary authorities in Switzerland, Japan, and the United...

Thailand’s KBank Buys Satang Local Crypto Exchange for $103M

Oct 31, 2023 05:13 am UTC| Business Digital Currency Investing

Thailands Kasikornbank, or simply KBank, is investing $103 million to acquire Satang crypto exchange. The purchase of a majority stake in the crypto firm also signifies the banks move into the cryptocurrency...

Digital Currency Revolution

Standard Chartered's Zodia Custody Expands Crypto Services to Hong Kong

Oct 30, 2023 07:40 am UTC| Business Digital Currency Investing

Standard Chartereds crypto security unit, Zodia Custody Limited, is coming to Hong Kong. The institutional cryptocurrency custodian firm is launching its services in the region Zodia said has a market where the demand for...

Evergrande Granted Adjournment to Present Restructuring Plan Amid Liquidation Fears

Oct 30, 2023 07:26 am UTC| Business Investing

A hearing scheduled on Monday to wind up China Evergrande Group has been adjourned, granting the worlds most indebted property developer one final opportunity to present a viable restructuring plan. Failure to do so may...

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Economy

Morgan Stanley Warns Against Overestimating EV Demand Boost from Rising Oil Prices

Morgan Stanley is urging caution among investors who believe that surging oil prices will automatically trigger a rapid recovery for South Korean battery manufacturers. While recent headlines have painted an optimistic...

Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions

Australia has extended its temporary easing of fuel-quality standards through September, as ongoing disruptions from the Iran war continue to strain the countrys fuel supply chains. Energy Minister Chris Bowen confirmed...

Stocks Surge as Strait of Hormuz Reopens, Oil Prices Plunge

U.S. stock markets closed sharply higher on Friday as easing Middle East tensions and the temporary reopening of the Strait of Hormuz sent investor confidence soaring. The SP 500 gained 1.2% to finish at 7,125.36, the...

Oil Prices Plunge as Strait of Hormuz Reopens Amid U.S.-Iran Ceasefire Talks

Global oil prices fell sharply on Friday after Iran and the United States jointly announced the temporary reopening of the Strait of Hormuz, easing fears over a major disruption to the worlds oil supply. Brent crude...

IMF Warns Middle East War to Deepen Economic Divide Across Latin America and Caribbean

The ongoing Middle East conflict is expected to widen economic inequality across Latin America and the Caribbean, according to the International Monetary Fund. While oil-exporting nations stand to gain short-term...

Politics

North Korea Fires Multiple Ballistic Missiles Amid Growing Nuclear Ambitions

North Korea launched several ballistic missiles toward the sea off its eastern coast on Sunday, according to South Korea and Japan, marking Pyongyangs seventh ballistic missile test this year and its fourth in April alone....

U.S.-Iran Tensions Escalate as Hormuz Crisis Deepens Amid Ceasefire Strains

Fragile ceasefire negotiations between the United States and Iran are facing serious pressure after a dramatic weekend of escalating confrontations in and around the Strait of Hormuz. New reporting from the Wall Street...

Brazil, Spain, and Mexico Unite to Support Cuba Amid U.S. Blockade

During a high-profile international summit held in Barcelona, the leaders of Brazil, Spain, and Mexico came together to announce a strengthened commitment to providing coordinated humanitarian aid to Cuba. The meeting,...

Trump's Iran Claims Spark Market Confusion Over Strait of Hormuz

Global financial markets and world leaders are navigating a wave of cautious optimism mixed with uncertainty after President Donald Trump announced a breakthrough in U.S.-Iran negotiations, including what he described as...

Anthropic CEO Meets Trump Officials to Discuss Powerful New AI Model Mythos

Anthropic CEO Dario Amodei sat down with senior Trump administration officials last Friday in what analysts are calling a pivotal move to repair a strained relationship between the AI company and the federal government....

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Iran’s AI memes are reaching people who don’t follow the news – and winning the propaganda war

A Lego-style Iranian military commander raps over a gangster beat: Our inbox is flooded with Americans saying they dont watch the news. They listen to our songs instead since your media is full of shit. This is the opening...

Apple Wins ITC Ruling, Keeping Blood-Oxygen Feature on Apple Watch

A U.S. trade tribunal sided with Apple on Friday, rejecting Masimo Corporations push to reinstate an import ban on Apple Watch. The U.S. International Trade Commission chose not to review an earlier judges ruling that...

OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push

OpenAI is reportedly set to spend over $20 billion with AI chip startup Cerebras over the next three years, marking a significant expansion of an already substantial computing partnership. According to The Information, the...

Tesla's Terafab: AI Chip Factory Eyes Taiwan's Semiconductor Talent

Tesla is actively recruiting semiconductor engineers in Taiwan for its ambitious Terafab project a fully vertically integrated AI chip manufacturing facility that aims to consolidate logic, memory, packaging, testing, and...

Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million

The Japanese government has announced plans to provide Sony with subsidies of up to 60 billion yen, equivalent to approximately $380 million, to support the construction of an image sensor manufacturing facility in...