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Digital Currency Revolution

Metaverse: Disney abolishes metaverse unit under its restructuring plan

Mar 30, 2023 07:52 am UTC| Business Digital Currency Investing

Disney Company has gotten rid of its metaverse unit that has been developing new forms of storytelling for this era. The division operated within the Disney office with around 50 staff, but as part of the restructuring...

Digital Currency Revolution

NFT: UK Treasury ditches Royal Mint NFT plans

Mar 29, 2023 09:21 am UTC| Business Digital Currency Investing

The UK government will no longer push with its plans of releasing Royal Mint-produced non-fungible tokens or NFT. The project was first proposed in April 2022, but since then, the plan did not move forward. But while it...

Seven likely consequences from the banking crisis that most people haven't realised yet

Mar 28, 2023 14:17 pm UTC| Economy Investing

With four banks down in the US and Europe and at least several more wobbling, were currently in the throes of the worst banking strife since 2007-08. Aggressive interest rate hikes have meant that banks are sitting on...

Digital Currency Revolution

Metaverse: Amorepacific launches its 'New Beauty Land' on Decentraland metaverse platform

Mar 27, 2023 10:17 am UTC| Business Investing Digital Currency

Amorepacific Corp. set up its virtual space on the Decentraland metaverse platform. The South Korean cosmetic firm named its metaverse the New Beauty Land. According to The Korea Economic Daily, Amorepacific is joining...

Digital Currency Revolution

Cryptocurrency: Do Kwon reportedly arrested in Montenegro, indicted in US

Mar 24, 2023 09:29 am UTC| Business Digital Currency Investing

Do Kwon, the co-founder of Terraform Labs, who is suspected of fraud after the collapse of the Luna and Terra stablecoin, has been found and arrested in Montenegro. Based on the reports, a man who appears to be the wanted...

Digital Currency Revolution

Cryptocurrency: Lindsay Lohan, Jake Paul penalized by SEC over crypto violations

Mar 24, 2023 07:54 am UTC| Business Digital Currency Investing

Lindsay Lohan, Jake Paul and several other celebrities were slapped with a combined $400,000 fine over violations related to cryptocurrency. The U.S. Securities and Exchange Commission said on Wednesday this week that it...

Digital Currency Revolution

NFT: Sony files patent for digital tokens as it explores NFT integration for PlayStation

Mar 23, 2023 07:26 am UTC| Business Digital Currency Investing

Sony Corporation is now exploring blockchain technology and filed for a patent related to non-fungible tokens or NFT. It is looking into this area to allow transfers of digital assets between games and consoles. It was...

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Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Bitcoin Miners See Sharp Drop in Fee Revenue Following Halving Event

Following the recent Bitcoin halving, transaction fees, which once soared, now represent just 35% of miner revenue, significantly impacting their earnings amidst stable network conditions. Bitcoin Halving Sees Miner...

Adidas and Stepn Unveil NFT Sneakers in Trailblazing Web3 Partnership

Adidas has partnered with the Solana-based fitness app Stepn to launch an exclusive NFT sneaker collection, signaling the sports giants further dive into the Web3 space. Adidas Steps Into Web3 with Stepn Collaboration,...

Samsung's Lee Jae-Yong Forges Strategic AI Chip Production Alliance With ZEISS

Lee Jae-yong, Chairman of Samsung Electronics, has deepened ties with ZEISS in Germany to propel the company into a leadership position within the AI chip sector. Strengthening Samsungs Chip Production with...

Shiba Inu Issues Alert: TREAT Token Scams Surge Amid Blockchain Upgrades

The Shiba Inu community is on alert as scammers capitalize on the anticipated release of the TREAT token, which is leading to misinformation and fraudulent claims. Shibarmy Scam Alerts warns investors to verify sources as...

Io.net Tightens Security After GPU Metadata Breach, Plans Live Recovery Demo

In response to a recent SQL injection attack targeting GPU metadata, Io.nets chief security officer, Husky.io, announced rigorous new security measures and a planned webcast to demonstrate live system recovery. This...