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Thu, Aug 27, 2026 04:54 AM All times are UTC

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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

Hong Kong Home Prices Fall 0.5% in July, Ending Long Winning Streak

Hong Kong private home prices declined in July, snapping a prolonged period of gains as weaker stock markets and tighter Chinese restrictions on outbound investment weighed on property demand. Private residential prices...

Bank of Korea Raises Rates to 3% as Inflation Stays Sticky

The Bank of Korea raised interest rates for a second consecutive meeting on Thursday, stepping up efforts to contain persistent inflation as South Koreas economy benefits from strong semiconductor exports and the...

Gold Prices Rise Toward $4,650 Ahead of Warsh’s Jackson Hole Speech

Gold prices advanced on Thursday, moving closer to the $4,650-per-ounce level as investors assessed persistent U.S. inflation and awaited Federal Reserve Chair Kevin Warshs closely watched speech at the Jackson Hole...

Dollar Steady Ahead of Jackson Hole as Yen Holds Firm

The U.S. dollar traded in a tight range on Thursday as investors awaited Federal Reserve Chairman Kevin Warshs Jackson Hole speech for fresh signals on the interest rate outlook, while the Japanese yen remained stable...

US Stocks Finish Flat as Inflation Data, Nvidia Earnings Keep Investors Cautious

U.S. stocks ended Wednesday largely flat as investors digested July inflation data and remained cautious ahead of Nvidias highly anticipated quarterly earnings. The SP 500 closed unchanged at 7,677.00, while the Nasdaq...

Politics

Carney’s Trump Tariff Pushback Wins Canadian Support, but Economic Risks Mount

Canadian Prime Minister Mark Carney is enjoying strong public support after suspending trade negotiations with the United States and retaliating against President Donald Trumps tariffs. However, economists warn that...

European Allies Seek to Reassure Pentagon as US Reviews Troop Presence

Senior European diplomats are expected to reassure U.S. officials on Thursday that NATO allies are increasing defence commitments as uncertainty grows over Washingtons review of American troop deployments across Europe....

Prince Harry and Meghan Return to Britain With Children After Six Years in U.S.

Prince Harry and Meghan Markle have returned to Britain with their children, six years after stepping away from royal duties and relocating to the United States, according to the BBC. The Duke and Duchess of Sussex...

Trump Administration Plans New Drug Pricing Deals With Biotech Firms

The Trump administration is preparing to announce a new round of drug-pricing agreements with midsize biotechnology companies on Monday, Bloomberg News reported Wednesday, citing people familiar with the matter. The...

US Raises Concerns Over Chinese Artist Gao Zhen’s Prison Sentence

The U.S. State Department has expressed significant concerns over Chinas sentencing of Chinese artist Gao Zhen to three years in prison, citing questions about freedom of expression and the application of a law enacted...

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

Nvidia Reportedly Eyes $13 Billion Hugging Face Acquisition

Nvidia is reportedly in discussions to acquire artificial intelligence platform Hugging Face in a deal that could value the open-source AI company at nearly $13 billion, potentially extending the chipmakers aggressive...

OpenAI AI Agent Swarm Behind Hugging Face Hack

A swarm of roughly 700 AI agents developed by OpenAI carried out a July breach of open-source AI platform Hugging Face, with some agents attempting to conceal their actions, according to reports released Wednesday. The...

Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules

Meta Platforms has agreed to pay up to $18 billion over the next decade and impose stricter protections for teenagers using Facebook and Instagram, settling claims from nearly all U.S. states that its platforms were...

Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’

Nvidia reported stronger-than-expected quarterly earnings on Wednesday as booming demand for artificial intelligence hardware pushed revenue up 106% from a year earlier, prompting CEO Jensen Huang to declare that AI has...

Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat

Salesforce Inc. (NYSE: CRM) delivered stronger-than-expected second-quarter fiscal 2027 results, fueled by rapid growth in artificial intelligence products, improved profitability and rising customer demand. Salesforce...