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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

Asian Currencies Rise as Yen Surges on Fed Rate Outlook

Asian currencies strengthened on Friday, led by a sharp rally in the Japanese yen as the U.S. dollar weakened following dovish comments from Federal Reserve Governor Christopher Waller. The yen was heading for a weekly...

US Oil Blockade Deepens Iran’s Economic Crisis

Iran is facing mounting economic strain as a U.S. campaign targeting its oil exports, financial networks and sanctions-evasion channels increasingly restricts Tehrans access to foreign currency and essential imports,...

U.S. Payrolls Seen Rebounding in August as Labor Market Stays Soft

U.S. payroll growth is expected to have recovered in August as local government education employment rebounded, although job losses linked to changes in immigration protections could limit overall gains. Economists...

Gold Prices Hold Near $4,500 as Fed Rate Hike Bets Ease

Gold prices hovered near $4,500 an ounce on Thursday, extending a strong rebound as Federal Reserve Governor Christopher Wallers comments reduced expectations for a September interest rate hike. A softer U.S. dollar and...

Singapore Straits Times Index Hits Record High as Banks, Property Stocks Rally

Singapores benchmark stock market surged to a fresh record high on Friday, supported by strong gains in major banking and real estate stocks as positive sentiment swept across Asian markets. The Straits Times Index (STI)...

Politics

South Korea, US Discuss Chip Investments Amid Tariff Plans

South Korea and the United States are holding discussions over semiconductor investments in U.S. manufacturing as the two countries navigate broader economic and trade negotiations, a senior Seoul official said Friday. The...

Trump Seeks Europe Repayment for U.S. Ukraine Military Aid

U.S. President Donald Trump said Thursday he plans to ask European nations to reimburse the United States for military aid and munitions previously supplied to Ukraine, while signaling that U.S. weapons sales to allies...

Brazil Warns EU of Retaliation Over Animal Products Ban

Brazil has warned that it could impose reciprocal measures against the European Union if negotiations fail to resolve a new EU ban on Brazilian animal products, raising the prospect of fresh trade tensions between the two...

Pacific Leaders Raise Alarm Over China Missile Test as Nauru Dissents

Pacific Island leaders have raised concerns over Chinas latest intercontinental ballistic missile (ICBM) test in the Pacific, although Nauru formally rejected the regional blocs position during an annual summit in Palau....

US Investigates Deadly Strike on Iranian Wedding

U.S. Vice President JD Vance said Washington is investigating a deadly strike on an Iranian wedding after a Reuters analysis indicated the incident was likely caused by a direct hit from a U.S. munition. The explosion...

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

Anthropic Nears $15 Billion Credit Deal Ahead of IPO

Anthropic is reportedly close to finalizing an expansion of its revolving credit facility to $15 billion, strengthening the artificial intelligence companys financial position ahead of its widely anticipated initial public...

Xiaomi Shares Jump on Europe EV Expansion Plan

Xiaomi shares climbed sharply on Friday after the Chinese technology giant confirmed plans to begin selling its electric vehicles in Europe in 2027, marking a major step in its international EV expansion. Xiaomi Corp...

Nvidia Eyes $2.5 Billion Investment in Thinking Machines Lab

Nvidia is reportedly in discussions to invest about $2.5 billion in Thinking Machines Lab, the artificial intelligence startup founded by former OpenAI executive Mira Murati, as the chip giant continues to expand its...

Chinese AI Stocks Rally After OpenAI Launches GPT-6 Astra

Chinese AI stocks rallied on Friday after OpenAI unveiled GPT-6 Astra, its latest artificial intelligence model, fueling investor optimism over accelerating AI development and the commercial potential of advanced AI...

OpenAI Launches GPT-6 Astra With Advanced AI Agent Capabilities

OpenAI unveiled GPT-6 Astra on Thursday, describing it as its most capable artificial intelligence model yet as the company confronts growing concerns over the safety and control of increasingly autonomous AI systems. The...
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