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International Monetary Fund Considers Cryptocurrency Boom a Threat

Jun 01, 2018 10:15 am UTC| Technology

The threat that cryptocurrency poses to the financial industry is getting heavier as more investors are gravitating towards it. Even banks themselves are seeing it as a capable rival, as evidenced by a recent article...

Medical App CancerAid Lands First U.S. Partnerships with Cedars-Sinai and Apple

Jun 01, 2018 09:56 am UTC| Technology

Health-focused software CancerAid has entered the United States market after closing deals that will link its thousands of users to the database of renowned Los Angeles hospital Cedars-Sinai and the services offered by...

TRON Launches Own Independent Public Blockchain, Aims to Rival Ethereum

Jun 01, 2018 09:43 am UTC| Technology

TRON (TRX), the 10th largest cryptocurrency in the industry by market capitalization, is moving away from Ethereum (ETH). The transition is part of the digital currencys desire to rival ETH in providing basic-layer...

Researchers Build 'Privacy Filter' That Confuses Facial Recognition AI

Jun 01, 2018 08:49 am UTC| Technology

Attempts are being made to bring facial recognition technology closer to consumers in a non-frightening manner. For example, social media websites can tag a person to an uploaded photo within seconds even if the uploader...

Bitcoin Could Meet a Similar Fate to Napster, Says Ripple CEO

Jun 01, 2018 08:27 am UTC| Technology

Brad Garlinghouse, CEO of cross-border payment startup Ripple, recently compared Bitcoin to Napster. He shared this opinion during a conference held this week, according to Cointelegraph. Garlinghouse said that even...

Arm Promises New Mobile Processors Are Built for Heavy AR/VR Gaming, 'Laptop-Class Performance'

Jun 01, 2018 07:59 am UTC| Technology

Arm is proving that its chipset lineups are on the march along with the continuously advancing mobile technology and innovations. On Thursday, Arm announced three of its newest mobile processors, which are promised to...

Blockchain Startup Paxos Looking to Use $65M Funding to Scale Operations, Expand Offerings

Jun 01, 2018 07:10 am UTC| Technology

We will use the capital to help grow the business which is broadly our settlement business on the Paxos side and the crypto asset exchange and custodian on the itBit side. This was CEO Charles Cascarillas statement...

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Economy

German Retail Sales Drop 3.4% in July

German retail sales fell sharply in July, significantly missing market expectations and raising fresh concerns about consumer demand in Europes largest economy. Retail sales declined 3.4% in July compared with the previous...

Global Markets Brace for Fed Rate Hike as Oil Tops $91

The Japanese yen stabilized near the critical 160-per-dollar level on Tuesday as currency markets remained cautious amid rising U.S. interest-rate expectations, renewed U.S.-Iran tensions and surging oil prices. USD/JPY...

Bessent Urges Japan on Fiscal Discipline, BOJ Rate Hikes

U.S. Treasury Secretary Scott Bessent has urged Japanese policymakers to outline a credible path toward fiscal sustainability and higher interest rates as pressure on the yen and government bond markets intensifies,...

Japan Bond Yields Top 3% as Inflation, Fiscal Risks Rise

Japans benchmark government bond yields climbed above 3% on Tuesday for the first time since September 1996, as investors weighed persistent inflation, growing fiscal concerns and expectations for further interest rate...

India Manufacturing Growth Slows to Five-Year Low in August

Indias manufacturing sector expanded at its weakest pace in five years in August as softer demand weighed on new orders, production and employment, according to the latest private-sector survey. The HSBC India...

Politics

US Approves $800 Million Helicopter Sale to Iraq

The U.S. State Department has approved a potential $800 million military helicopter sale to Iraq, strengthening defense cooperation between Washington and Baghdad as Iraq continues efforts to modernize its armed forces....

China Warns Over Taiwan’s Pacific Islands Forum Presence

China has raised strong objections to Taiwans participation in the Pacific Islands Forum in Palau, warning of unspecified consequences as tensions over Beijings influence in the Pacific take center stage at the regional...

U.S., New Zealand Fund $60M Cook Islands Port Upgrade

The United States and New Zealand will jointly fund a major upgrade of a World War Two-era port in the Cook Islands, strengthening Western infrastructure investment in the Pacific as China expands its regional influence....

South Korea Unveils Record $597 Billion 2027 Budget to Boost AI and Chips

South Korea has proposed a record 821 trillion won ($596.92 billion) government budget for 2027, sharply increasing fiscal spending as the country seeks to strengthen its position in artificial intelligence, semiconductors...

Ukraine Sanctions Chief Heads to Washington to Push Russia Bill

Ukraines top sanctions official will visit Washington this week to press U.S. lawmakers to approve sweeping new Russia sanctions legislation that has already cleared the Senate but faces resistance in the House of...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

OpenAI Rejects Apple Trade Secret Theft Claims

OpenAI has denied Apples allegations that it obtained confidential trade secrets through former Apple employees, arguing that the iPhone maker has failed to provide evidence showing proprietary information was stolen. In a...

MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment

MediaTek shares surged nearly 10% on Tuesday after Nvidia announced a $3.5 billion investment in the Taiwanese semiconductor designer, strengthening a strategic partnership focused on artificial intelligence...

Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates

Apple veteran Phil Schiller has stepped away from overseeing the App Store and the companys high-profile product launch events, marking another major leadership change as the iPhone maker prepares for a new era under...

SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says

SpaceX (NASDAQ: SPCX) could spend between $50 billion and $130 billion, including spectrum costs, to develop a standalone terrestrial network supporting its direct-to-device mobile service, according to Bernstein analysts....

Faraday Future Delivers First Robots in Middle East, Plans September Launches

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) has completed its first robotics sale and delivery in the Middle East, marking an early milestone in the electric vehicle and AI technology companys regional...