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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

Vietnam Stocks Join FTSE Emerging Market Indexes, Unlocking Billions in Foreign Investment

Vietnamese stocks officially joined FTSE Russells emerging market indexes on Monday, marking a major milestone for Vietnams stock market after years of reforms designed to improve market access and attract foreign...

Gold Prices Hold Steady Ahead of Trump-Xi Summit, Middle East Risks

Gold prices were largely unchanged in Asian trading on Monday as investors remained cautious ahead of high-level U.S.-China talks while continuing to monitor geopolitical tensions in the Middle East. Spot gold traded...

Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets

The Japanese yen remained the center of attention in currency markets on Monday after last weeks sharp decline fueled speculation that Tokyo could intervene to support the currency. Investors were also reassessing the...

France Debt-to-GDP Ratio Seen Hitting Record 119.3% in 2026

Frances public debt is projected to climb to a record 119.3% of gross domestic product in 2026 as the government struggles to contain its budget deficit and restore confidence in the countrys finances. The French finance...

US-China Talks Target AI, Tariffs Ahead of Trump-Xi Summit

U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng began high-level talks in New York on Sunday, seeking progress on artificial intelligence, tariffs and critical minerals ahead of this weeks summit...

Politics

Trump-Xi Summit Puts Trade Truce and Taiwan in Focus

U.S. President Donald Trump and Chinese President Xi Jinping will meet in Washington on September 24, with expectations for a major breakthrough limited as both leaders focus on preserving stability in U.S.-China...

Denmark Says Greenland Sovereignty Protected in US Military Deal

Denmark has insisted that its sovereignty over Greenland will remain intact under an emerging agreement with the United States that could significantly expand the American military presence on the strategically important...

Trump Open to Pezeshkian Meeting as Iran Tensions Escalate

U.S. President Donald Trump said he is open to meeting Iranian President Masoud Pezeshkian during this weeks United Nations General Assembly in New York, even as tensions between Washington and Tehran remain elevated. Fox...

Michelle Bachelet Withdraws From UN Secretary-General Race

Former Chilean President Michelle Bachelet has withdrawn her candidacy to become the next United Nations secretary-general, ending her campaign after failing to secure sufficient support among members of the UN Security...

North Korea Fires Two Ballistic Missiles From Wonsan

North Korea fired two short-range missiles from its eastern coast on Sunday, marking its second round of missile tests in roughly a week as tensions rise over US-led military exercises in the region. South Koreas military...

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

SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment

SoftBank Group Corp. has launched a major bond offering worth $10 billion and 1 billion to finance its latest investment in OpenAI, according to a term sheet released Monday. The Japanese technology investment group is...

Trump Plans Federal AI Force and AI Czar

U.S. President Donald Trump said Saturday that he plans to create a federal AI Force and appoint an artificial intelligence czar, outlining an effort to accelerate U.S. AI development while using existing laws to address...

SpaceX Nasdaq 100 Weight to More Than Double in Rebalance

SpaceX is set to gain significantly more influence in the Nasdaq 100 Index when the benchmark completes its quarterly rebalance on Monday, with the companys weighting expected to more than double. According to Bloomberg,...

Westinghouse Targets $50 Billion Valuation in U.S. IPO

Westinghouse Electric Co. is seeking a valuation of more than $50 billion for its planned U.S. initial public offering, as the nuclear technology company moves closer to a public market debut amid growing interest in...

NASA, Boeing Discuss Expanding Starliner Missions

NASA is holding discussions with Boeing about expanding the use of its Starliner spacecraft for future missions, potentially giving the troubled vehicle a larger role in U.S. human spaceflight plans. The space agency and...