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Compound Finance Faces Governance Turmoil: $24M at Stake Amid 'Golden Boys' Controversy

Jul 29, 2024 03:33 am UTC| Technology Digital Currency

Compound Finance, a decentralized lending and borrowing protocol, is embroiled in a heated governance dispute following the recent passage of Proposal 289. The controversy has sparked allegations of a governance attack by...

Donald Trump's SEC Chairman Could Revolutionize Crypto: Five Key Issues to Tackle Immediately

Jul 29, 2024 03:28 am UTC| Technology Politics Digital Currency

The cryptocurrency industry could see a significant shift if Donald Trump follows his promise to replace Securities and Exchange Commission (SEC) Chair Gary Gensler. Announced at a Bitcoin conference in Nashville, Trumps...

Apple Intelligence Delayed: Major AI Features to Miss iOS 18 Launch, Report Says

Jul 29, 2024 03:23 am UTC| Technology Digital Currency

Apples highly anticipated artificial intelligence upgrade, Apple Intelligence, might not make it to the initial rollout of iOS 18, potentially arriving a few weeks later in October. This delay is expected to give...

University of Wyoming Unveils Bitcoin Research Institute: A Game-Changer for Crypto Studies

Jul 29, 2024 03:18 am UTC| Technology Digital Currency

The University of Wyoming is set to launch the UW Bitcoin Research Institute in August, marking a significant advancement in the study of Bitcoin and its implications. This new institute aims to fill the gap in...

XRP Poised for Major Breakout as Whale Activity Signals Potential Rally

Jul 29, 2024 03:11 am UTC| Digital Currency Technology

The price of XRP has been struggling to break past the $0.64 resistance level for over a week. This period of consolidation could be linked to market participants waiting for the anticipated settlement between Ripple and...

Solana Poised for $250 Surge as Network Activity Hits Record High: What's Next?

Jul 29, 2024 03:05 am UTC| Digital Currency Technology

Solana (SOL), the native cryptocurrency of the Solana network, displayed a sluggish trend throughout the week, seeking stability above the $170 level. On a neutral weekend, Solanas price saw a modest increase of 0.55%,...

Digital Currency Revolution

Bitcoin Dips to $67K Despite Donald Trump’s Pro-Crypto Promises: Is a Bigger Correction Coming?

Jul 29, 2024 03:01 am UTC| Technology Digital Currency

Bitcoin, the pioneer cryptocurrency, recorded a 1.13% drop in the last 24 hours, trading at $67,400. This decline follows a strong pro-crypto stance from U.S. Presidential candidate Donald Trump at the Bitcoin 2024...

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Economy

China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say

China may be closer to ending its prolonged deflationary period than financial markets currently anticipate, according to a recent note from ANZ analysts. The bank projects that three key price indicators the producer...

Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets

Asian currencies showed little movement on Thursday following strong gains in the prior session, as investor caution mounted over the stability of a U.S.-Iran ceasefire deal amid escalating Middle East tensions. The U.S....

Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization

Foreign investors made a dramatic return to Japanese equity markets in the week ending April 4, injecting a net 2.96 trillion yen ($18.65 billion) into Japanese stocks. This marked a sharp reversal after three consecutive...

Asian Markets Retreat as Gulf Crisis Fuels Oil Surge and Inflation Fears

The fragile ceasefire in the Gulf showed fresh signs of collapse on Thursday, rattling Asian share markets and sending oil prices sharply higher as investors confronted the reality of a prolonged inflationary shock to the...

Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher

Optimism in Asian financial markets faded quickly on Thursday as early signs of instability in the Gulf ceasefire sent oil prices climbing again, reinforcing fears of a prolonged inflationary impact on the global economy....

Politics

U.S. Pushes for Crypto Regulation to Keep Digital Asset Growth at Home

Treasury Secretary Scott Bessent is calling on Congress to pass landmark federal cryptocurrency legislation, warning that regulatory uncertainty is pushing blockchain innovation and investment out of the United States. In...

North Korea Tests Advanced Cluster Bombs, Electromagnetic Weapons in Latest Military Display

North Korea has conducted a series of weapons tests this week, showcasing cutting-edge military technology including cluster-bomb warheads, electromagnetic weapons, and carbon-fibre bombs, according to state media outlet...

Trump Pardon Clears Juan Orlando Hernández as U.S. Court Dismisses Drug Conviction Appeal

A U.S. federal appeals court has dismissed the case against former Honduran President Juan Orlando Hernández, vacating his prior conviction following a presidential pardon granted by Donald Trump in December. The...

Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

Republican Senator Jim Banks visited Taipei and delivered a direct message to Taiwans President Lai Ching-te: the islands parliament must stop stalling and approve a proposed special defense budget. Banks, a member of the...

Haiti Election 2025: Voter Registration Delayed Amid Ongoing Security Crisis

Haitis Provisional Electoral Council (CEP) has officially announced the postponement of a voter registration drive that was originally set to begin on April 1. The council stated that updated registration dates would be...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...

U.S. Disrupts Russian Military Hackers' Global DNS Hijacking Network

The U.S. Justice Department has successfully executed a court-authorized operation to dismantle a DNS hijacking network tied to Russian military intelligence. The network was run by GRU Military Unit 26165, a cyber unit...

Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand

Samsung Electronics delivered a stunning financial turnaround in the first quarter of 2025, projecting operating profit of approximately 57.2 trillion won (roughly $38 billion) a more than eightfold increase compared to...