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Digital Currency Revolution

South Korea’s FSC to set up new department focused on fintech and cryptocurrencies

Jul 23, 2018 04:17 am UTC| Digital Currency Fintech

South Koreas financial regulator, the Financial Services Commission (FSC), is going to set up a department that will exclusively focus on policymaking initiatives related to the domestic fintech and cryptocurrency...

Blockchain Revolution Series

Digital Currency Revolution

JP Morgan banks on blockchain technology with a patent, Investment bank giant to host IPOs in ICO pattern

Jul 20, 2018 11:18 am UTC| Research & Analysis Digital Currency Fintech Insights & Views

JP Morgan seems to be constructive on blockchain industry ever since Mr Oliver Harris has taken over the role as head of the crypto-assets strategy in esteemed investment banking company. Daniel Pinto, former fixed-income...

Blockchain Revolution Series

BBVA signs €100M corporate loan with ACS using blockchain

Jul 20, 2018 10:53 am UTC| Digital Currency Fintech

Spanish banking giant BBVA has announced that it has signed a new loan with ACS, a Spanish company dedicated to civil and engineering construction, using blockchain technology. The companies have inked a 100 million...

Digital Currency Revolution

RBI’s ban on cryptocurrencies continue momentarily, Supreme Court of India lists matter on September 11th for final disposal

Jul 20, 2018 09:07 am UTC| Digital Currency Fintech Law Insights & Views

All eyes in the Indian cryptocurrency enthusiasts were on the countrys apex court. While we reiterate from our recent post also that India has been the predominant country for FinTech innovation. On the contrary,...

Blockchain Revolution Series

Points raises $8M to bring blockchain and AI to credit rating

Jul 20, 2018 06:44 am UTC| Fintech Digital Currency

Points (PTS), a blockchain startup seeking to build a credit scoring protocol, has raised $8 million in a seed funding round from a number of traditional and blockchain venture capital including DHVC, Cherubic Ventures, Ce...

Blockchain Revolution Series

Digital Currency Revolution

U.S. Consumer Financial Protection Bureau launches fintech regulatory sandbox

Jul 20, 2018 04:18 am UTC| Fintech

The U.S. Consumer Financial Protection Bureau (CFPB) has launched a fintech regulatory sandbox, acting director Mick Mulvaney said this week, according to report from the Wall Street Journal. The regulatory sandbox will...

Digital Currency Revolution

Fed chair says cryptocurrencies have no intrinsic value; Barry Silbert remarks Bitcoin unaffected by negative comments

Jul 20, 2018 03:35 am UTC| Digital Currency Fintech

Federal Reserve chain Jerome Powell voiced his concerns this week over the risks posed by cryptocurrencies, CNBC reported. Speaking in front of the House Financial Services Committee on Wednesday, Powell told members of...

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Economy

Russian LNG Shadow Fleet Expands Amid Arctic LNG 2 Sanctions

Russia is intensifying efforts to bypass Western energy sanctions after a liquefied natural gas (LNG) tanker operating under a newly adopted Russian flag was spotted loading fuel linked to the sanctioned Arctic LNG 2...

S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence

The SP 500 and Nasdaq closed at fresh record highs on Friday as investors poured into AI-related stocks and welcomed stronger-than-expected U.S. jobs data, reinforcing confidence in the resilience of the American economy....

Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations

The U.S. dollar weakened on Friday after stronger-than-expected April jobs data reduced speculation about potential Federal Reserve interest rate cuts. Investor sentiment also improved after President Donald Trump stated...

European Stocks Fall as US-Iran Conflict Rekindles Energy Supply Fears

European stock markets closed lower on Friday as renewed military tensions between the United States and Iran rattled investor confidence and intensified concerns about global energy supplies. The escalating conflict...

Gold Prices Rise as Weaker Dollar and Iran Ceasefire Hopes Boost Safe-Haven Demand

Gold prices climbed on Friday and were set for a strong weekly gain as the U.S. dollar weakened following the latest U.S. jobs report. Investors also turned to safe-haven assets amid ongoing tensions in the Middle East and...

Politics

Israel’s Secret Iraq Base Allegedly Supported Iran Air Campaign, WSJ Reports

Israel reportedly established a covert military outpost deep in the Iraqi desert to support its recent air campaign against Iran, according to a Wall Street Journal report citing sources familiar with the operation,...

Senate Stablecoin Bill Sparks Clash Between Banks and Crypto Industry

A major fight over U.S. crypto regulation is heating up as lawmakers prepare to advance the CLARITY Act, a proposed bill designed to create a clear regulatory framework for digital assets and stablecoins. The legislation...

Trump-Xi Beijing Summit to Focus on Trade, Taiwan, and Boeing Deal

U.S. President Donald Trump is set to meet Chinese President Xi Jinping in Beijing from May 14 to May 15, marking the first visit by an American president to the Chinese capital in nearly ten years. According to Reuters,...

Trump Reportedly Approves Plan to Remove FDA Commissioner Marty Makary Amid Growing Controversies

President Donald Trump has reportedly approved a plan to remove U.S. Food and Drug Administration (FDA) Commissioner Marty Makary, according to sources familiar with discussions inside the White House. While officials say...

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...

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

AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says

Artificial intelligence is starting to increase U.S. consumer prices through rising costs in electronics, software, and electricity, according to a new Goldman Sachs report. The investment bank said AI-related inflation...

Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case

A federal judge has declined to immediately approve a proposed $1.5 million settlement between Elon Musk and the U.S. Securities and Exchange Commission (SEC) tied to Musks 2022 Twitter stock purchase disclosures. The...

Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone

Broadcom Inc. is reportedly in discussions with Apollo Global Management and Blackstone Inc. to secure around $35 billion in financing for its expanding artificial intelligence chip business, according to a Bloomberg...

Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally

Dell Technologies Inc. (NYSE: DELL) surged to an all-time high on Friday after receiving a public endorsement from President Donald Trump during a White House event. The president encouraged Americans to go out and buy...

TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit

TikTok and the Trump administration are reportedly close to reaching a $400 million settlement tied to allegations that the popular video-sharing platform violated U.S. child privacy laws. According to ABC News, the...