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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

Iran-Israel War Sparks Global Oil Crisis as Tankers Burn in Gulf Waters

An escalating conflict between Iran, the United States, and Israel has sent shockwaves through global energy markets, with oil prices surging past $100 per barrel and Iranian forces attacking multiple tankers and oil...

Asian Markets Retreat as Oil Prices Surge Toward $100 Amid Middle East Tensions

Asian stock markets reversed two days of gains on Thursday as crude oil prices spiked sharply, driven by fresh supply disruptions linked to an escalating conflict in the Middle East. U.S. stock index futures also retreated...

Dollar Strengthens Amid Oil Price Surge and Inflation Fears

The U.S. dollar extended its winning streak Thursday, hovering near its highest levels of the year as skyrocketing crude oil prices intensified inflation concerns and prompted traders to anticipate more aggressive central...

Nations will release an extra 400 million barrels of oil to the market. All we need to do now is not panic at the pump

Despite being one of the worlds top exporters of fossil fuels (coal and gas), Australia has little left of its own oil. Neither does New Zealand. Both Australia and New Zealand sit at the end of a long supply chain for...

ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026

ANZ has joined Westpac in predicting that the Reserve Bank of Australia will raise interest rates at both its March and May 2026 meetings. Analysts cite persistent inflation and a resilient labor market as the primary...

Politics

After the Iran war, Persian Gulf nations face tough decisions on the US – a former diplomat explains

When the US-Israeli war on Iran finally ends, the Middle East will be even less predictable than it was before it started. The decision by US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu to go to...

Trump Doubts Iran Mining Reports as Strait of Hormuz Tensions Escalate

President Donald Trump cast doubt Wednesday on reports that Iran had placed naval mines in the Strait of Hormuz, one of the worlds most critical oil shipping routes. When pressed by reporters, Trump responded simply, We...

Venezuela Names Paula Henao as New Oil Minister Amid U.S.-Led Industry Overhaul

Venezuelas acting President Delcy Rodriguez has appointed Paula Henao as the countrys new oil minister, marking a significant leadership shift as the South American nation undergoes a sweeping transformation of its energy...

IEA Releases Record 400 Million Barrels of Oil Amid U.S.-Iran War

The International Energy Agency has approved an unprecedented release of 400 million barrels of oil from strategic reserves held by its 32 member nations, marking the largest coordinated stockpile drawdown in the agencys...

Bipartisan Housing Bill Advances in Senate, Aims to Tackle U.S. Affordability Crisis

In a rare show of bipartisan cooperation, Republican and Democratic lawmakers are rallying behind sweeping legislation designed to address Americas growing affordable housing shortage. The Senate voted 84-10 in favor of a...

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

Pokemon Pokopia Sells 2.2 Million Copies in Four Days, Boosting Nintendo Switch 2 Momentum

Nintendo has announced that its newly released life simulation game, Pokemon Pokopia, surpassed 2.2 million copies sold within just four days of launch a strong debut that is helping ease investor concerns surrounding the...

UK Regulators Demand Social Media Platforms Strengthen Children's Age Verification

Britains media and privacy regulators are turning up the heat on major social media companies, demanding stronger measures to prevent children from accessing platforms that were never designed for them. Ofcom and the...

Alphabet's GFiber Merges with Astound Broadband to Build Major U.S. Internet Provider

Alphabets fiber internet subsidiary GFiber is joining forces with Astound Broadband in a landmark merger set to reshape the U.S. broadband landscape. Astound, backed by infrastructure investment firm Stonepeak, will hold a...

Big Tech Turns to Debt Markets to Fund AI Infrastructure Boom

The worlds largest technology companies are increasingly tapping debt markets to bankroll their artificial intelligence ambitions, signaling a notable departure from Silicon Valleys traditional reliance on cash reserves....

Anduril Industries Acquires ExoAnalytic Solutions to Bolster Space Defense Capabilities

Anduril Industries has entered into a definitive agreement to acquire ExoAnalytic Solutions, a national security firm specializing in space situational awareness and missile defense technology. The move signals Andurils...