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Digital Currency Revolution

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Digital currency or digital money is an Internet-based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership. Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an on-line game or social network. In this series, we cover stories and provide insightful analysis of the digital currencies such as bitcoin with no central point of control over the money supply.

Digital Currency Revolution

Seba Swiss Crypto Bank Rebranded as ‘Amina’ Amid Global Expansion Push

Dec 01, 2023 09:28 am UTC| Business Investing Digital Currency

Seba Bank, a cryptocurrency bank based in Switzerland, has rebranded. It has changed its name to AMINA, and this was announced on Thursday, Nov. 30. The Swiss crypto bank shared it decided to change its name as its...

Digital Currency Revolution

Binance to Cease Support for BUSD Products by December 15

Nov 30, 2023 09:47 am UTC| Business Digital Currency Investing

Major cryptocurrency exchange Binance has declared that it will halt its support for all Binance USD (BUSD) products starting December 15. This decision comes in response to Paxos recent move to halt the minting of new...

Digital Currency Revolution

Philippines SEC Blocks Binance, Warns of Legal Action for Unlicensed Operations

Nov 30, 2023 03:59 am UTC| Business Digital Currency Investing

Binance has been blocked in the Philippines after the countrys Securities and Exchange Commission discovered it operates without a license. The regulator also said the crypto exchange has been promoting or trading without...

Digital Currency Revolution

Binance US’ Board Chairman Changpeng Zhao Steps Down, Moves Away from the Company

Nov 29, 2023 08:48 am UTC| Business Investing Digital Currency

Binances founder and former CEO, Changpeng CZ Zhao, is currently facing felony charges in the United States after pleading guilty to money laundering last week. With his ongoing trial and imminent sentencing, the crypto...

Digital Currency Revolution

Layer 2 Cryptocurrencies Experience Resurgence Amidst Rising Crypto Market

Nov 29, 2023 08:36 am UTC| Business Digital Currency

In recent times, Layer 2 cryptocurrencies tied to projects built on layer 1 blockchains like Bitcoin and Ethereum have witnessed a remarkable resurgence following a period of stagnation. This revival can be attributed to...

Digital Currency Revolution

Animoca Brands Clinches Top Validator Position in Telegram's TON Blockchain Network

Nov 29, 2023 07:23 am UTC| Business Investing Digital Currency

The TON Foundation welcomed Animoca Brands Corporation Ltd. as it became the largest validator of the TON blockchain. As its top validator, the Hong Kong-headquartered game software and venture capital company will also...

Digital Currency Revolution

Bitcoin Mining Enhances Energy Efficiency and Grid Stability, New Study Reveals

Nov 28, 2023 09:23 am UTC| Technology Digital Currency

A recent study brings a different view of Bitcoin mining, highlighting its potential benefits for energy management and grid stability. This study, crafted by Bitcoin advocates and a former key figure in Texas electric...

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Economy

Dollar Holds Near Two-Month High as Yen Approaches 160

The U.S. dollar remained near a two-month high on Friday, supported by rising Treasury yields and expectations of additional Federal Reserve rate hikes, while the Japanese yen hovered near the closely watched...

Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets

Gold prices were largely unchanged on Friday but remained headed for a weekly loss of more than 3% as rising U.S. Treasury yields and elevated energy prices strengthened expectations that the Federal Reserve could raise...

Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets

Japanese bank stocks rallied on Friday as surging government bond yields and expectations for further Bank of Japan interest rate hikes strengthened the outlook for lenders profit margins. Shares of Mizuho Financial Group,...

Asian Stocks Fall as Surging Bond Yields Rattle Markets

Asian stocks mostly declined on Friday as a global bond market selloff drove long-term U.S. Treasury yields to multi-year highs, pressuring risk appetite across regional markets. Investors were also assessing the outcome...

Fed Unveils Stablecoin Rules Under GENIUS Act

The Federal Reserve has proposed a broad regulatory framework for payment stablecoin issuers, moving forward with implementation of the GENIUS Act and efforts to bring dollar-backed digital assets further into the...

Politics

Saudi Arabia, Turkey and Pakistan Plan Urgent Defence Talks Over Houthi Attacks

Saudi Arabia, Turkey and Pakistan are preparing an urgent high-level defence meeting to discuss support for the kingdom as Houthi missile and drone attacks intensify across Saudi territory. The talks will be held under the...

Ukrainian Drone Attacks Hit Russian Regions, Injuring at Least 12

A series of Ukrainian drone attacks struck several Russian regions on Friday morning, leaving at least one person dead and more than a dozen injured while damaging industrial sites, homes and vehicles, according to Russian...

Najib Razak Seeks Stay of 15-Year 1MDB Prison Sentence

Former Malaysian Prime Minister Najib Razak has asked a court to suspend a 15-year prison sentence linked to the 1Malaysia Development Berhad (1MDB) corruption scandal, his lawyer said Friday, following a royal pardon in a...

What ‘Taiwan Independence’ Means as Xi Presses Trump on US Policy

Chinese President Xi Jinpings call for President Donald Trump to oppose Taiwan independence has renewed attention on the complicated political and historical status of Taiwan and the differing positions held by Beijing,...

Xi Calls for Deeper U.S.-China AI Cooperation in Trump Talks

Chinese President Xi Jinping called for stronger cooperation with the United States on artificial intelligence during his state visit to Washington, highlighting AI safety and human oversight as potential areas for closer...

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

SpaceXAI to Double Nvidia Chips at Colossus 2 by Year-End

Elon Musk said SpaceXAI plans to nearly double the number of advanced Nvidia AI chips operating at its Colossus 2 data center by the end of 2026, significantly expanding the computing power behind its artificial...

SoftBank Shares Fall as Oracle Flags Stargate Data Center Delay Risk

SoftBank Group shares dropped on Friday after Oracle moved to protect itself against possible delays at a major New Mexico data center, adding to investor concerns over the financing and execution risks surrounding the...

Jeff Bezos Invests $32 Billion in Blue Origin as Space Firm Targets Major Growth

Jeff Bezos has invested about $32 billion in Blue Origin since founding the space company in 2000, underscoring the Amazon founders long-term commitment to competing in the rapidly expanding commercial space industry....

OpenAI to Preview GPT-6 Cyber AI Model for Cybersecurity

OpenAI is preparing to preview GPT-6 Cyber, a new artificial intelligence model focused on cybersecurity, within days as the company expands its push into AI-powered security tools, according to a Fortune report cited by...

Former OpenAI Data Center Chief Chris Malone Joins Nvidia

Chris Malone, the former head of data centers at OpenAI, has joined Nvidia as vice president of its DSX Platform, strengthening the chipmakers leadership team as demand for artificial intelligence infrastructure continues...