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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

Former Deutsche Bank Exec Rashawn Russell Pleads Guilty to $1.5M Cryptocurrency Fraud

Sep 21, 2023 05:03 am UTC| Business Digital Currency Investing

A former executive of Deutsche Bank, Rashawn Russell, is facing up to 30 years of jail time after pleading guilty to charges related to a fraudulent cryptocurrency trading scheme. It was earlier this year when he was first...

Digital Currency Revolution

Honda Motor Taps Animoca Brands for Partnership to Launch Formula 1 NFTs

Sep 20, 2023 08:58 am UTC| Business Digital Currency Investing

Honda Motor Co. Ltd. is set to launch Formula 1 NFTs in partnership with Animoca Brands Japan. The deal also includes the collaboration of the latter with Gryfyn and GET Protocol to gift both fans and participants with...

Digital Currency Revolution

FTX Sam Bankman-Fried’s Parents Dragged in Crypto Dispute, Sued for Alleged Misappropriation of Funds

Sep 20, 2023 06:43 am UTC| Business Investing Digital Currency

FTX founder, Sam Bankman-Fried, is currently facing multiple charges in connection to the collapse of his crypto exchange firm. He has been in federal jail since August, and now his parents were dragged into the web of...

Digital Currency Revolution

Hong Kong Reviews Digital Asset Regulation Following Cryptocurrency Exchange Arrests

Sep 20, 2023 06:17 am UTC| Economy Digital Currency Business

Following arrests linked to an unlicensed cryptocurrency exchange, Chief Executive John Lee signals Hong Kong will enhance digital asset regulations and investor education on virtual investment risks. The arrested...

Digital Currency Revolution

Stoner Cats that Feature Mila Kunis, Chris Rock, and More Ejected From NFT Marketplaces After SEC Settlement

Sep 19, 2023 09:35 am UTC| Business Investing Digital Currency

Stoner Cats NFTs or non-fungible tokens have been booted out from several NFT Marketplaces shortly after the United States Securities and Exchange Commission (SEC) charged the creators of the animated series for offenses...

Digital Currency Revolution

New York DFS Updates Crypto Oversight, Ripple, Dogecoin, Litecoin Among Impacted Tokens

Sep 19, 2023 06:41 am UTC| Economy Digital Currency Business Law

In a significant shift, the New York Department of Financial Services (DFS) refines its virtual currency framework, streamlining the approval process while bolstering user protection. As the crypto industry navigates...

Digital Currency Revolution

Citi Unveils Blockchain Platform 'Citi Token Services' for Enhanced Digital Asset Interaction

Sep 19, 2023 06:06 am UTC| Economy Fintech Digital Currency Business

CitiGroup introduced its groundbreaking Citi Token Services blockchain platform, offering institutional clients 24/7 access to tokenized deposits, cross-border payments, and automated trade finance capabilities. Shahmir...

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Economy

US Comfortable With Canada Trade Standoff as Import Bans Loom

President Donald Trumps administration is prepared to maintain its escalating trade dispute with Canada as new import restrictions approach and Washington threatens additional tariffs on key Canadian industries. U.S. Trade...

Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals

The U.S. dollar weakened on Friday as oil prices retreated, although the currency remained headed for a second consecutive weekly gain as expectations for another Federal Reserve rate hike increased. The Japanese yen,...

Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears

Federal Reserve Bank of Cleveland President Beth Hammack said Friday that the recent surge in U.S. government bond yields appears to be driven primarily by higher real interest rates rather than growing concerns about...

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...

Politics

Saudi Arabia Seeks Military Support as Houthi Attacks Escalate

Saudi, Turkish and Pakistani military chiefs were expected to discuss support for Saudi Arabia as escalating Houthi attacks intensify security concerns across the Middle East, while new restrictions on Iranian flights add...

Putin Says Ukraine Peace Proposals Remain on Table

Russian President Vladimir Putin said Friday that proposals aimed at ending the 4-1/2-year war in Ukraine remain under consideration, although Moscow must determine which options best serve Russias interests. Speaking to...

Iran Rejects Nuclear Concessions in Hormuz Deal

Iran will not compromise on its nuclear rights even if the United States accepts Tehrans proposal for reopening the Strait of Hormuz, according to a senior Iranian official, underscoring major obstacles to ending the...

Pope Leo Warns UN, Multilateral Groups Face Crisis

Pope Leo warned Friday that the United Nations and other multilateral institutions are facing a serious crisis of effectiveness, arguing that international dialogue risks becoming a charade as governments increasingly...

Pope Leo Backs Press Freedom After White House Media Ban

Pope Leo reaffirmed his support for freedom of the press on Friday when asked about U.S. President Donald Trumps decision to bar CNN and several other news organizations from the White House. Speaking with journalists...

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

US Appeals Court Upholds Anthropic AI Supply Chain Ban

A U.S. federal appeals court has upheld the Department of Wars decision to exclude Anthropic from its supply chain, handing the Trump administration a significant victory in a closely watched dispute over military use of...

Solidigm Eyes $150 Billion IPO as SK Hynix Expands AI Storage Push

SK Hynix subsidiary Solidigm is considering a U.S. initial public offering as early as next year that could value the semiconductor storage company at as much as $150 billion, according to a Reuters report on Friday. The...

Meta Found Liable in New Mexico Facebook Data Privacy Case

A New Mexico jury has found Meta Platforms liable for misleading consumers about Facebook user privacy and data-sharing practices in a case tied to the Cambridge Analytica scandal. The verdict followed a two-week trial in...

DaVoice Sues Perplexity AI Over Trade Secrets

AI technology startup DaVoice has filed a lawsuit against Perplexity AI in California federal court, accusing the artificial intelligence company of misappropriating trade secrets connected to wake word technology used in...

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...