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Digital Currency Revolution

©Econometrics LLC . All Rights Reserved.

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

Queen Elizabeth NFT: Crypto degens take advantage of the Queen’s death and inundate markets with digital collections, memecoins

Sep 12, 2022 08:47 am UTC| Business Digital Currency Investing

Queen Elizabeth II died on Sept. 8 at the age of 96, and her demise led to the creation of non-fungible tokens and memecoins. Apparently, the crypto degens have taken advantage of her demise and launched digital art...

Digital Currency Revolution

NFT: PUMA jumps into the Metaverse, unveils its first-ever digital experience with NFTs

Sep 08, 2022 10:05 am UTC| Business Digital Currency Investing

PUMA is getting into the Metaverse and will reveal exclusive non-fungible tokens at the upcoming New York Fashion Week. The German multinational company that designs and manufactures athletic and casual footwear, apparel...

Digital Currency Revolution

Cryptocurrency: GameStop taps FTX crypto exchange for partnership deal

Sep 08, 2022 08:11 am UTC| Business Investing Digital Currency

GameStop Corp. announced on Wednesday, Sept. 7 that it formed a partnership with the FTX crypto exchange. The financial terms of the deal were not disclosed by the American video game, consumer electronics, and gaming...

Digital Currency Revolution

Metaverse: Kakao Entertainment partners with Neptune and Colorverse to bring content to virtual world

Sep 07, 2022 10:29 am UTC| Business Digital Currency Investing

Kakao Entertainment, Colorverse, and Neptune have signed a mutual memorandum of understanding or MOU to work together on the Metaverse business. They are aiming to bring various content to the virtual world through the...

Digital Currency Revolution

NFT: LG Electronics debuts LG Art Lab NFT platform in the US

Sep 06, 2022 07:33 am UTC| Business Digital Currency Investing

LG Electronics announced the launch of its own NFT platform, which has been named the LG Art Lab. For now, this is only available in the United States, and for its debut, the company is starting by featuring Barry X Balls...

Digital Currency Revolution

NFT: Formula One files trademarks for 2023 Las Vegas Grand Prix

Aug 31, 2022 09:40 am UTC| Business Digital Currency Investing

Formula One filed trademarks for the 2023 Las Vegas Strip Circuit Grand Prix. The international racing for open-wheel single-seater formula racing cars group listed the new trademarks under cryptocurrency and non-fungible...

Digital Currency Revolution

Cryptocurrency: Bankrupt Celsius crypto lender sues former manager for theft

Aug 24, 2022 09:20 am UTC| Business Digital Currency Investing

Celsius Network LLC, a cryptocurrency lending company headquartered in Hoboken, New Jersey, is now bankrupt. In the latest development of its downfall, the company is suing its former investment manager for allegedly...

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Economy

Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion

Gold prices extended their decline on Friday, falling below the key $4,000-per-ounce level as a stronger U.S. dollar and growing expectations of additional Federal Reserve interest rate hikes continued to pressure the...

SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile

SpaceX is reportedly exploring a major expansion of its Starlink business by launching a Starlink-branded mobile phone service in the United States, a move that could position Elon Musks company as a direct competitor to...

Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook

Asian currencies traded within narrow ranges on Friday as the U.S. dollar paused after a strong weekly rally, while the Japanese yen remained close to a four-decade low amid lingering concerns over potential government...

Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer

Chinas automotive market may be approaching a turning point after a challenging second quarter, according to Morgan Stanley, although the investment bank expects any significant recovery in vehicle demand to emerge only...

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...

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...

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...

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...

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 IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow

SoftBank Group (TYO:9984) shares tumbled sharply on Friday after a report suggested that OpenAI is considering postponing its highly anticipated initial public offering (IPO), delaying what many investors had expected to...

Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes

Apples major Asian suppliers came under heavy selling pressure on Friday after the iPhone maker announced significant price increases for its MacBook and iPad lineup, fueling concerns that rising semiconductor costs are...

Samsung, SK Hynix to Unveil Record AI and Semiconductor Investment Plans Worth Over $646 Billion

South Korean technology giants Samsung Electronics and SK Hynix are preparing to unveil sweeping long-term investment strategies centered on semiconductors, artificial intelligence (AI), and next-generation technologies,...

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...