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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

Three Arrows Capital Founders Banned from Financial Roles in Singapore for 9 Years

Sep 15, 2023 03:59 am UTC| Business Investing Digital Currency

Singapores crypto hedge fund, Three Arrows Capital co-founders Kyle Livingston Davies and Su Zhu, face a lengthy ban for violating national securities laws. The prohibition impacts their roles in financial firms. Davies...

Digital Currency Revolution

Sony Network, Startale Labs Announce JV for Pioneering Web3 Blockchain

Sep 15, 2023 03:04 am UTC| Business Digital Currency Investing

Sony Network Communications and Startale Labs Pte. Ltd. embark on a joint venture project, aiming to establish a next-generation blockchain, positioning themselves as leaders in the evolving digital landscape. Sony...

Digital Currency Revolution

Crypto Gaming Boom Spurs Surging Demand for Exchange Platforms

Sep 14, 2023 03:48 am UTC| Economy Digital Currency Business Technology

Driven by the meteoric rise of PlayToEarn (P2E) games, the cryptocurrency exchange platform market is projected to hit $110.12 billion by 2028, growing at a compound annual rate of 16.08% from 2022 to 2028. The thriving...

Digital Currency Revolution

Telegram Messenger Integrates TON Crypto Wallet; Toncoin Price Surges

Sep 14, 2023 03:20 am UTC| Business Investing Digital Currency Technology

Telegram Messenger unveils its integration of the TON crypto wallet, making The Open Network its official Web3 infrastructure. This anticipated move enhances Telegrams interface, allowing users to engage with Web3...

Digital Currency Revolution

FTX Trading Ltd. Granted Permission to Liquidate Crypto Assets Worth Over $3.4B

Sep 14, 2023 02:13 am UTC| Business Digital Currency Investing Economy

U.S. Bankruptcy Court for the District of Delaware approved FTX Trading Ltd.s request to sell its crypto assets in weekly batches, starting with a limit of $50 million. With crypto holdings valued at over $3.4 billion, the...

Digital Currency Revolution

Ethereum's Vitalik Buterin Falls Prey to SIM Swap, Over $691,000 Lost from Compromised X Account

Sep 13, 2023 04:44 am UTC| Business Digital Currency Investing Economy

Ethereum co-founder Vitalik Buterin revealed that his X account (Twitter) was compromised, leading followers into a phishing trap. Many lost NFTs and digital assets after believing a fake Ethereum NFT announcement from the...

Digital Currency Revolution

CoinEx Loses $27 Million in Suspected Hacking: Anomalous Withdrawals Detected

Sep 13, 2023 02:44 am UTC| Business Digital Currency Investing

CoinEx Global announces significant losses in suspected hacking. The crypto exchange reported unusual withdrawals, with various tokens redirected to a previously inactive wallet. Investigations are ongoing. The unusual...

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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...