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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

Trump Praises Delcy Rodríguez as Venezuela Oil Exports Resume

U.S. President Donald Trump said Wednesday that Venezuelan acting President Delcy Rodríguez is doing an excellent job as Venezuela begins restoring its oil flow, signaling improving cooperation between Washington...

Dollar Rally Pauses as Euro Stabilizes Amid Middle East War Uncertainty

The U.S. dollar paused its strong rally on Thursday, giving the euro and other major currencies brief relief as investors reassessed the potential duration and economic impact of the ongoing Middle East conflict. Currency...

KOSPI Surges Over 12% as South Korean Stocks Rebound on Chipmaker Rally

South Koreas benchmark KOSPI index staged a powerful rebound on Thursday, jumping as much as 12% in early trading after suffering sharp losses over the previous two sessions. The recovery highlights renewed investor...

Australia and Canada Strengthen Critical Minerals Partnership Through New G7 Alliance Agreements

Australia and Canada have signed a series of new agreements aimed at strengthening cooperation on critical minerals, a move designed to secure global supply chains and reduce dependence on China. Canadian Prime Minister...

U.S. Stocks Rise as Strong Economic Data Offsets Middle East Conflict Concerns

U.S. stocks closed higher on Wednesday as upbeat labor market data and stronger-than-expected services sector growth helped improve investor sentiment, which had been shaken by escalating geopolitical tensions in the...

Politics

Rubio, Saudi Foreign Minister Discuss Iran Threats and U.S. Embassy Riyadh Attack

U.S. Secretary of State Marco Rubio held a phone call with Saudi Foreign Minister Prince Faisal bin Farhan on Wednesday to discuss rising concerns about Irans role in regional instability and other key developments in the...

U.S. Pledges Support to Turkey After Iranian Missile Threat

U.S. Secretary of State Marco Rubio reaffirmed Washingtons strong support for Turkey following a missile threat linked to Iran, according to a statement from the U.S. State Department. Rubio spoke with Turkish Foreign...

Spain Denies Deal With U.S. Military After Trump Threatens Trade Cutoff

The White House claimed on Wednesday that Spain had agreed to cooperate with the U.S. military after President Donald Trump warned Madrid of possible trade consequences, but Spanish officials quickly rejected the statement...

Senators Urge Better Coordination After Texas Counter-Drone Incidents Disrupt Airspace

U.S. senators are calling for stronger coordination between federal agencies after two recent incidents involving government counter-drone technology in Texas forced the Federal Aviation Administration (FAA) to restrict...

Big Tech Signs White House Pledge to Fund Power for AI Data Centers

Major technology companies including Google, Microsoft, Meta, and Amazon signed a new agreement at the White House committing to fund additional electricity generation for their rapidly expanding data centers. The...

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

OpenAI Explores Partnership With The Trade Desk to Expand ChatGPT Advertising

OpenAI has reportedly begun early discussions with advertising technology company The Trade Desk (NASDAQ: TTD) as it explores ways to expand advertising capabilities on its popular ChatGPT platform. According to a report...

Iran Crisis Could Threaten AI Data Center Expansion and Global Chip Demand, South Korea Warns

South Koreas semiconductor industry is raising concerns that an extended geopolitical crisis involving Iran could slow the rapid expansion of artificial intelligence (AI) data centers in the Middle East, potentially...

US Lawmakers Raise Security Concerns Over Intel Testing ACM Research Chipmaking Tools

A bipartisan group of U.S. lawmakers has raised national security concerns regarding Intels testing of semiconductor manufacturing equipment produced by ACM Research, according to a report by Reuters. The concerns were...

Broadcom Stock Jumps After Strong Earnings Beat and Bullish AI Revenue Outlook

Broadcom (NASDAQ: AVGO) shares surged in after-hours trading Wednesday after the semiconductor giant reported stronger-than-expected fiscal first-quarter results and issued upbeat guidance driven by growing demand for...

Nvidia CEO Jensen Huang Says $100B OpenAI Investment Unlikely as AI Demand Surges

Nvidia CEO Jensen Huang revealed that a previously rumored $100 billion investment in OpenAI is unlikely to happen, highlighting instead the companys existing $30 billion investment in the artificial intelligence leader....