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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

Cryptocurrency: Bithumb former chairman declared not guilty of fraud

Jan 04, 2023 10:35 am UTC| Business Digital Currency Investing

Bithumbs former chairman Lee Jung Hoon has been acquitted of fraud charges. The court cleared him of misdeeds related to the accusation that he ran off with millions for Bithumb Coin sale in 2018. The 34th Division of...

Digital Currency Revolution

Cryptocurrency: FTX to allow fund withdrawals for Japanese users next month

Jan 02, 2023 10:25 am UTC| Business Digital Currency Investing

FTX users in Japan will be able to withdraw funds from their accounts starting in February. This move will make the Japanese users one of the first groups to get their money back from the collapsed crypto exchange. As...

Digital Currency Revolution

Cryptocurrency: Australia becomes 4th largest crypto ATM hub, surpassing El Salvador

Jan 02, 2023 10:01 am UTC| Business Digital Currency Investing

The cryptocurrency ATMs in Australia have been growing in number, and in fact, it has taken over the spot of El Salvador to become the fourth largest crypto ATM hub in the world. With Australia going up the ranking...

Digital Currency Revolution

FTX says Bahamas regulators hold just $296 million, not $3.5 billion of its assets

Dec 31, 2022 23:54 pm UTC| Digital Currency Economy Business Law

Bankrupt cryptocurrency exchange FTX disputed claims by the Securities Commission of the Bahamas (SCB) that it was holding $3.5 billion of its assets, insisting that the seized assets were worth just $296 million, The...

Digital Currency Revolution

Ex-FTX CEO Bankman-Fried set to enter not guilty plea in crypto fraud case

Dec 31, 2022 23:10 pm UTC| Law Digital Currency Economy Business

Former FTX CEO Sam Bankman-Fried is expected to enter a plea of not guilty to criminal charges that he looted billions of dollars and cheated investors at his cryptocurrency exchange. Bankman-Fried is accused of...

Digital Currency Revolution

Cryptocurrency: Midas crypto firm crashes, closes down platform following huge losses

Dec 31, 2022 10:48 am UTC| Business Digital Currency Investing

Midas investment firm shuts down as the FTX contagion goes on. It has ceased operations on its platform due to huge losses, and this event made the company the latest victim of FTXs sudden collapse, which put Sam...

Digital Currency Revolution

NFT: Chinese government to launch own NFT Marketplace

Dec 31, 2022 07:33 am UTC| Business Digital Currency Investing

China is reportedly launching its own NFT marketplace on Jan. 1, 2023. This will be the countrys first-ever state-sponsored platform for trading non-fungible tokens. According to Crypto Briefing, the NFT marketplace was...

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Economy

S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges

SP Global Ratings has reaffirmed Brazils BB/B long- and short-term foreign and local currency sovereign credit ratings, maintaining a stable outlook. The agency also kept the countrys transfer and convertibility assessment...

Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand

Gold prices recovered on Thursday after falling to their lowest levels since November 2025, supported by a weaker U.S. dollar following the release of the latest U.S. inflation data. While easing concerns over aggressive...

Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes

Wall Street closed mixed on Thursday after a volatile trading session driven by contrasting performances from major technology companies. Investors reacted positively to Micron Technologys strong earnings and AI-driven...

Iran Attack in Strait of Hormuz Pushes Oil Prices Higher

Global oil prices climbed on Thursday after Irans Islamic Revolutionary Guard Corps (IRGC) reportedly attacked a Singapore-flagged cargo vessel in the Strait of Hormuz, reigniting concerns over Middle East tensions and...

Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman

Global oil prices recovered on Thursday after falling to levels seen before the Iran conflict, as renewed security concerns in the Strait of Hormuz revived market uncertainty. Reports of an attack on a commercial vessel...

Politics

US Approves $250 Million Fighter Jet Training Sale to Australia

The United States has approved a potential $250 million military sale to Australia, reinforcing the long-standing defense partnership between the two allies. The U.S. State Department announced on Thursday that it had...

Johns Hopkins University Lays Off 110 Employees as Federal Research Funding Declines

Johns Hopkins University has announced the layoff of 110 employees following significant reductions in federal research funding, highlighting the growing financial challenges facing one of the United States leading...

Republican Lawmaker Introduces AI Incident Reporting Bill to Strengthen U.S. AI Safety

The United States could soon see new artificial intelligence regulations after Republican Representative Nathaniel Moran of Texas introduced the proposed AI Incident Reporting Act, a bill designed to improve transparency...

Iran Strait of Hormuz Tensions Rise After Ship Attack Delays IMO Escort Mission

A reported attack on a cargo ship near the Strait of Hormuz has prompted the United Nations International Maritime Organization (IMO) to temporarily suspend its ship escort mission, raising fresh concerns over the fragile...

US Supreme Court Strikes Down Hawaii Gun Carry Law on Private Property

The U.S. Supreme Court has ruled that a Hawaii law restricting licensed handgun owners from carrying firearms on private property open to the public without the owners explicit permission violates the Second Amendment. 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

OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal

OpenAI is reportedly considering postponing its highly anticipated initial public offering (IPO) until 2027 as it pursues an ambitious $1 trillion valuation. According to a report by The New York Times, company executives...

Kioxia Targets U.S. Listing as AI Chip Boom Accelerates

Japan-based Kioxia Holdings Corp. (TYO:285A) is preparing to launch U.S. depositary shares in the spring of 2027, a strategic move aimed at expanding its global investor base and taking advantage of growing enthusiasm for...

Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates

Doncasters has successfully raised $919.3 million through its U.S. initial public offering (IPO), marking a significant milestone in the aerospace components manufacturers long-term transformation. The historic British...

SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business

SK Hynix has announced plans to raise as much as $29.4 billion through a Nasdaq listing in the United States, positioning the deal as one of the largest global stock offerings in history. The South Korean memory chip...

Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign

Alibaba Groups Hong Kong-listed shares dropped sharply on Thursday after reports revealed that U.S.-based artificial intelligence company Anthropic accused the Chinese tech giant of conducting a large-scale campaign to...