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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

Binance Retreats After BaFin Rejection; Withdraws Its Crypto License Application in Germany

Jul 27, 2023 09:48 am UTC| Business Digital Currency Investing

Binance Holdings Ltd., the cryptocurrency exchange company founded by Changpeng CZ Zhao in 2017, is withdrawing its application for a license to operate in Germany. Allegedly, the company made the decision to abandon its...

Digital Currency Revolution

Ducati Revs into Blockchain with Debut NFT Collection on XRP Ledger

Jul 27, 2023 07:48 am UTC| Business Digital Currency Investing

Ducati, the renowned Italian motorcycle manufacturer, is stepping into the world of non-fungible tokens (NFTs) through a partnership with Ripple. This marks Ducatis entry into the Web3 space, utilizing Ripples...

Digital Currency Revolution

LG Uplus to Roll Out Yonsei University Metaverse Platform in September

Jul 21, 2023 09:36 am UTC| Business Investing Digital Currency

LG Uplus Corp. revealed this week that it will launch the Metaverse space for one of South Koreas prestigious educational institutions, Yonsei University. The mobile network operator in the country said the virtual campus...

Digital Currency Revolution

Puma, Legitimate, Roc Nation Unveil NFT-Infused 'Evolution of the Mixtape' Sneaker Collection

Jul 18, 2023 05:57 am UTC| Technology Economy Business

Puma, in collaboration with Legitimate and Roc Nation, unveils the Evolution of the Mixtape, a revolutionary sneaker collection embedding Web3 technology with Hip-Hop culture. This exclusive collection, available at...

Digital Currency Revolution

Starbucks Teams Up with Micah Johnson's Aku NFT for Charity, Exclusive Digital Collectibles

Jul 12, 2023 04:09 am UTC| Business Investing Digital Currency

Starbucks Corporation is bridging the gap between philanthropy and digital collectibles by partnering with Micah Johnsons Aku NFT Project. The venture, which integrates with Starbucks web3 Odyssey loyalty program, features...

Digital Currency Revolution

LG Uplus Announces Its Metaverse Fashion Marketplace

Jul 11, 2023 11:06 am UTC| Business Investing Digital Currency

LG Uplus Corp., a South Korean mobile network operator owned by LG Corporation, launches its own Metaverse fashion marketplace. This is an online-based clothing site where sales are linked to actual products in an offline...

Digital Currency Revolution

Standard Chartered Predicts Bitcoin to Reach $120,000 by 2024 Amid Miner Profitability Surge

Jul 11, 2023 10:58 am UTC| Digital Currency Economy Business

In a bullish prediction, Standard Chartered forecasts Bitcoins value to potentially hit $50,000 this year and rocket to $120,000 by 2024. Analysts cite improved miner profitability and reduced coin selling as key drivers,...

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Economy

Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes

Oil prices fell on Friday, ending a two-day rally as traders weighed reports that the United States and Iran were discussing a phased agreement that could eventually reopen the Strait of Hormuz and ease disruptions to...

Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens

The Canadian dollar could remain under pressure through the end of 2026 as diverging monetary policy between the Federal Reserve and Bank of Canada weighs on the currency, according to CIBC Capital Markets. CIBC expects...

Japanese Yen Rebounds as Trump Flags Currency Weakness

The Japanese yen ended a five-day losing streak on Friday, rebounding from the closely watched 160-per-dollar level after Tokyo disclosed that U.S. President Donald Trump had raised concerns about the currencys weakness...

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,...

Politics

Colombia Extradites FARC Dissident Leader ‘Spider’ to US

Colombia has extradited Geovany Andres Rojas, a senior commander of a dissident faction linked to the former FARC rebel movement, to the United States, where he is wanted on drug-trafficking charges. Rojas, widely known by...

Evan Gershkovich Says FSB Set Trap for 2023 Russia Arrest

Wall Street Journal reporter Evan Gershkovich says Russias Federal Security Service orchestrated an elaborate sting operation that led to his 2023 arrest on espionage charges, according to his first detailed published...

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...

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

AMD Hits $1 Trillion as BofA Raises Price Target to $720

Advanced Micro Devices (NASDAQ: AMD) has joined the $1 trillion market capitalization club, and BofA Securities believes the semiconductor giant has room to climb further as artificial intelligence drives stronger demand...

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...