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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

RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began

Australias central bank delivered its second consecutive interest rate hike on Tuesday, lifting the official cash rate by 25 basis points to 4.10% its highest level in ten months. The Reserve Bank of Australia (RBA)...

U.S. Presses South Korea on Strait of Hormuz Naval Support Amid Rising Energy Tensions

U.S. Secretary of State Marco Rubio emphasized during a phone call with South Korean Foreign Minister Cho Hyun on Monday that international cooperation to secure the Strait of Hormuz is critical for stabilizing global oil...

U.S.-Iran War Escalates as Strait of Hormuz Crisis Threatens Global Oil Supply

Three weeks into the U.S.-Israeli military campaign against Iran, the conflict shows no signs of slowing down and the economic consequences are being felt worldwide. The Strait of Hormuz, a critical chokepoint responsible...

U.S. Futures Slip After Wall Street Rebound as Fed Decision Looms

U.S. stock index futures edged lower Monday evening following a strong regular session rally driven by technology stocks, while oil prices eased slightly amid ongoing uncertainty in the Middle East. SP 500 Futures slipped...

U.S.-Iran War Pushes Brent Crude Back Above $100 as Strait of Hormuz Tensions Persist

Oil prices climbed sharply in early Asian trading on Tuesday, with Brent crude holding firmly above $100 per barrel as ongoing supply concerns tied to the U.S.-Israel conflict with Iran continued to rattle global energy...

Politics

Trump Threatens to "Take Cuba" Amid U.S.-Cuba Talks and Island's Deepening Crisis

President Donald Trump escalated his aggressive foreign policy stance toward Cuba on Monday, declaring he expected to have the honor of taking the island nation in some form. Speaking to reporters during an Oval Office...

Pakistan Air Strike Kills 400 at Kabul Drug Rehabilitation Hospital, Taliban Says

A devastating air strike allegedly carried out by Pakistan on a drug rehabilitation hospital in Kabul has left at least 400 people dead and 250 others wounded, according to an Afghan Taliban government spokesman. The...

Trump Was Warned Iran Could Retaliate Against Gulf Allies Before U.S.-Israeli Strikes

Despite President Donald Trumps repeated claims that Irans retaliatory strikes against U.S. Gulf allies came as a complete surprise, multiple sources with knowledge of pre-war intelligence briefings are pushing back on...

Taiwan Confident U.S. Arms Sale Review Remains on Track Despite Trump's China Trip Delay

Taiwans Defense Minister Wellington Koo expressed confidence on Tuesday that Washingtons internal review of a second major arms package for the island continues to move forward without delays, even as geopolitical...

Dan Caldwell Joins ODNI After Pentagon Leak Investigation Clearance

Dan Caldwell, a former senior adviser to Defense Secretary Pete Hegseth, has landed a new role at the Office of the Director of National Intelligence (ODNI) following his clearance from a Pentagon leak investigation, two...

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

Foxconn Shares Slip After Q4 Profit Miss Despite Record Revenue and Strong AI Outlook

Foxconn, officially known as Hon Hai Precision Industry, saw its stock decline on Tuesday following a disappointing fourth-quarter earnings report that fell short of market expectations, even as the worlds largest contract...

xAI Faces Federal Lawsuit Over Grok AI-Generated Child Sexual Abuse Material

Three Tennessee plaintiffs, two of whom were minors at the time the images were created, have filed a federal lawsuit in San Jose, California against Elon Musks artificial intelligence company xAI. The suit alleges that...

Nvidia's Jensen Huang Forecasts $1 Trillion in AI Chip Demand Through 2027

Nvidia CEO Jensen Huang stunned attendees at the companys annual GTC developers conference in California by projecting up to $1 trillion in purchase orders for its flagship AI chip technologies doubling his own $500...

Nvidia's Jensen Huang Credits Samsung for Manufacturing New AI Chips, Boosting Stock

Samsung Electronics shares surged as much as 5% on Tuesday after Nvidia CEO Jensen Huang publicly credited the South Korean tech giant for manufacturing its latest artificial intelligence chips. The announcement came...

SK Hynix Chairman Warns of Memory Chip Shortage Through 2030 Amid AI Boom

SK Hynix Chairman Chey Tae-won has warned that the global memory chip shortage could persist well into 2030, driven by unprecedented demand from the artificial intelligence sector. The South Korean chipmakers chief made...