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Blockchain Revolution Series

EBA assesses impact of fintech and associated risks and opportunities in new reports

Jul 04, 2018 09:09 am UTC| Fintech

The European Banking Authority (EBA) has published two reports on financial technology (FinTech) in order to raise awareness on the potential prudential risks and opportunities from current and potential FinTech...

Blockchain Revolution Series

SEC alleges two individuals for unlawful trading ‘UBI Blockchain’ Stock sales

Jul 03, 2018 08:21 am UTC| Research & Analysis Fintech Insights & Views

The Securities and Exchange Commission (SEC) has alleged two individuals. An attorney and a law firm business manager, who are Nevada residents, are charged by the United States Securities and Exchange Commission for their...

Blockchain Revolution Series

European banks execute first live trade transactions on we.trade blockchain platform

Jul 03, 2018 06:03 am UTC| Digital Currency Fintech

Blockchain consortium we.trade has announced that the first live trade transactions have been conducted on its platform. Officially launched in October 2017, we.trade is an initiative by a group of banks including...

Initial Coin Offering Series

PWC in collaboration with Swiss-based Blockchain ecosystem highlights recent trends in ICO marketplace and regulatory developments in Q2

Jun 29, 2018 09:06 am UTC| Research & Analysis Digital Currency Insights & Views Fintech Commentary

The PwC Strategy in collaboration with the Crypto Valley Association (CVA), a not-for-profit established to foster the growth of the blockchain ecosystem in Switzerland, has published the June 2018 edition of their...

Blockchain Revolution Series

39 firms complete KYC trial on R3’s Corda blockchain platform

Jun 29, 2018 03:28 am UTC| Digital Currency Fintech

A number of member firms of the R3 blockchain consortium have recently completed a Know Your Customer (KYC) trial. During the four-day collaborative trial, 39 firms, including the likes of BNP Paribas, ABN AMRO, and...

Digital Currency Revolution

Central bank digital currencies could pave the way for more stable financial system: EU report

Jun 28, 2018 09:10 am UTC| Digital Currency Fintech

In a new report, the European Parliaments Economic and Monetary Affairs Committee has stated that central bank digital currencies (CBDCs) could lead to a more stable financial system. According to the report,...

Blockchain Revolution Series

India’s Kotak Mahindra Bank joins Ripple’s blockchain network

Jun 28, 2018 03:34 am UTC| Digital Currency Fintech

India-based Kotak Mahindra Bank is the latest financial institution to join RippleNet, Ripples enterprise blockchain network. Kotak will use Ripples settlement solution, xCurrent, to provide its customers with real-time...

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Economy

Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation

Goldman Sachs has revised its euro area economic outlook, now anticipating two interest rate increases from the European Central Bank as stubbornly high energy-driven inflation continues to overshadow slowing regional...

European Stocks Tumble as Iran-Strait of Hormuz Crisis Rattles Global Markets

European equity markets opened sharply lower on Monday as investors reacted to escalating tensions between the United States and Iran over the Strait of Hormuz. The pan-European Stoxx 600 dropped 1.3%, Germanys Dax slid...

Asian Currencies Slide as U.S.-Iran Tensions and Rising Oil Prices Rattle Markets

Asian currencies faced widespread pressure on Monday as escalating U.S.-Iran tensions and surging oil prices rattled investor confidence across the region. The U.S. dollar steadied following modest losses last week, with...

Global Markets Reel as Middle East Tensions Escalate Energy Fears

Financial markets across the globe are experiencing significant turbulence as the ongoing Middle East conflict raises serious concerns about prolonged disruptions to energy supplies. Wall Street posted sharp losses on...

South Korean Stocks Tumble as Hawkish BOK Governor Appointment Rattles Markets

South Korean equities suffered steep losses on Monday after President Lee Jae Myung appointed Shin Hyun-song as the next Bank of Korea (BOK) governor, a move markets interpreted as a shift toward tighter monetary policy....

Politics

Palestinian Activist Leqaa Kordia Released from U.S. Immigration Detention After Judge's Order

Palestinian activist Leqaa Kordia, 33, has been released from a U.S. immigration detention facility in Texas following a federal judges ruling, marking the end of over a year in custody. Kordia, who grew up in the...

TSA Absences Surge During Government Shutdown as ICE Agents Prepare Airport Deployment

Airport security across the United States is facing a serious staffing crisis as the partial government shutdown enters its fifth week. The Department of Homeland Security reported that Transportation Security...

Iran Threatens Gulf Infrastructure as U.S.-Israel War Enters Critical 48-Hour Window

Tensions in the Middle East have reached a dangerous new flashpoint after Iran threatened to strike energy and water infrastructure across Gulf nations if the United States carries out President Donald Trumps warning to...

Trump Links DHS Funding to Voter ID Legislation

President Donald Trump declared Sunday that he would block any Department of Homeland Security funding agreement unless Congressional Democrats first pass the Save America Act a bill that would require Americans to show...

Ukraine-U.S. Peace Talks Continue in Florida as Zelenskiy Pushes for Diplomatic Progress

Ukrainian and American delegations wrapped up a second day of peace negotiations in Florida on Sunday, as President Volodymyr Zelenskiy signaled cautious optimism about ongoing diplomatic efforts to end Russias war on...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Elon Musk Announces Terafab: SpaceX and Tesla to Build Dual AI Chip Factories in Austin, Texas

Elon Musk revealed plans for a massive dual-chip manufacturing complex called Terafab in Austin, Texas, set to be jointly developed by SpaceX and Tesla. The announcement marks a significant step in Musks broader strategy...

NVIDIA's Feynman AI Chip May Face Redesign Amid TSMC Capacity Crunch

NVIDIA could be forced to redesign its next-generation Feynman artificial intelligence chip platform as contract manufacturing giant TSMC struggles to keep pace with surging global demand. According to a report from...

Elliott Investment Management Takes Multibillion-Dollar Stake in Synopsys

Activist hedge fund Elliott Investment Management has quietly built a multibillion-dollar position in Synopsys, the electronic design automation (EDA) giant, signaling a push for stronger financial performance from one of...

Palantir's Maven AI Earns Pentagon "Program of Record" Status, Reshaping Military AI Strategy

Palantir Technologies (NASDAQ: PLTR) is drawing renewed investor and industry attention after the U.S. Department of Defense officially designated its Maven Smart System as a program of record, a classification that...

Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed?

Amazon is quietly developing a new smartphone, codenamed Transformer, marking the companys return to mobile hardware more than a decade after its Fire Phone disaster. According to sources familiar with the initiative, the...