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Digital Currency Revolution

DASH/ USDT trades well above 200- day MA, jump till USDT11.62 possible

Dec 19, 2016 13:08 pm UTC| Digital Currency Fintech

DASH/USDT is seen trading above on Monday. The pair has broken major resistance at USDT9.85 (200- day MA) and jumped sharply till USDT10.66 levels (Poloniex). It is currently trading around USDT10.16 at the time of...

Singaporean fintech startup Senjō Group acquires UK payment service Kalixa

Dec 19, 2016 11:09 am UTC| Fintech

Singapore-based fintech investment firm and global payments operator Senjō Group announced that it has acquired the UKs payment services Kalixa from GVC Holdings for EUR29 million payable in cash on completion, subject to...

Fintech solution provider FIS partners with PayPal

Dec 19, 2016 10:44 am UTC| Fintech

FIS, a leading provider of financial technology solutions, and has partnered with online payments system PayPal to increase customer engagement and drive incremental digital spend with FIS banking partners. With this...

Fintech company Paystack closes $1.3M in seed funding round

Dec 19, 2016 09:54 am UTC| Fintech

Nigerian fintech company Paystack announced that it has raised $1.3 million in a seed investment round from both international and homegrown investors, Finextra reported. The fintech arm has secured the investment from...

Blockchain Revolution Series

Jerry Cuomo pens Hyperledger blockchain project’s first year review

Dec 19, 2016 07:19 am UTC| Fintech

On the occasion of the first anniversary of the Hyperledger Project, Jerry Cuomo, IBM Vice President, Blockchain Technologies, penned down the projects round upfor this year, with a sneak peek into 2017. The Hyperledger...

London fintech firm Curve brings new interface, features and services to Android

Dec 19, 2016 07:08 am UTC| Fintech

London-based fintech company Curve has announced the launch of its services to Android users with a brand new interface and a host of great features that was previously launched on iOS this year. With Curve on Android,...

German fintech firm Kreditech raises €10M from Rakuten

Dec 16, 2016 12:32 pm UTC| Fintech

Kreditech, a German fintech startup, announced that it has raised EUR 10 million in an equity from Japanese e-commerce company Rakuten. With the investment, Rakuten has joined Kreditechs outstanding group of backers,...

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Economy

WTO Reform Talks Begin in Cameroon Amid Global Trade Tensions

Trade ministers from around the world convened Thursday in Yaoundé, Cameroon, for a critical four-day summit focused on reforming the World Trade Organization. The high-stakes gathering comes at a turbulent moment...

Japan Eyes Oil Futures Intervention to Stabilize Yen Amid Middle East Crisis

Japan is exploring an unconventional strategy to halt the yens ongoing decline directly intervening in global crude oil futures markets. The proposal, first reported by Reuters, signals Tokyos growing frustration as...

Asian Currencies Stay Muted as Dollar Holds Firm Amid Iran Uncertainty

Asian currencies remained largely subdued on Thursday as the U.S. dollar maintained its strength, with investors navigating mixed signals surrounding ongoing Middle East peace efforts. The U.S. Dollar Index held steady...

U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal

U.S. stock index futures held relatively steady on Wednesday evening after Iran signaled it was reviewing a ceasefire proposal put forward by Washington aimed at ending the ongoing Middle East conflict. The cautious market...

Oil Prices Climb as Iran Reviews U.S. Peace Proposal Amid Middle East Tensions

Oil prices edged higher during Asian trading on Thursday as conflicting signals over potential Middle East de-escalation kept energy markets on alert. Brent crude futures for May delivery rose 0.8% to $103.02 per barrel,...

Politics

Russia-Iran Military Alliance Deepens With Drone Shipments Amid Middle East Tensions

Moscow is moving closer to completing a multi-phase transfer of lethal drones, medicine, and food supplies to Tehran, according to Western intelligence sources cited by the Financial Times. The deliveries are designed to...

Trump Seeks Quick End to U.S.-Iran Conflict Amid Ongoing Middle East Tensions

President Donald Trump has privately told close advisers that he wants to avoid a drawn-out war with Iran and is pushing for a swift resolution to the ongoing conflict, according to a Wall Street Journal report published...

Iran-U.S. Negotiations: Tehran Reviews American Peace Proposal Amid Ongoing Gulf Conflict

Irans foreign minister confirmed Wednesday that Tehran is examining a United States peace proposal aimed at ending the escalating Gulf war, though officials stressed this falls short of direct negotiations between the two...

FEMA Reinstates $1 Billion Disaster Prevention Grant Program After Court Order

The Federal Emergency Management Agency has announced the resumption of a key disaster prevention initiative after facing legal challenges that forced the reversal of its earlier cancellation. The agency is once again...

Taiwan Arms Deal on Track Despite U.S.-China Summit Uncertainty

Taiwans Defense Minister Wellington Koo confirmed Thursday that the next major U.S. arms sale to the island remains on schedule, revealing that Taipei has already received a formal letter of guarantee from Washington...

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

Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...

Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round

Nvidia-backed artificial intelligence startup Reflection AI is in advanced discussions to secure $2.5 billion in fresh funding, with negotiations pointing to a staggering pre-money valuation of $25 billion, according to a...

Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco

Shares of Taiwan-based memory chip manufacturer Nanya Technology soared to their daily limit of 10% on Thursday morning following the companys announcement of a major $2.5 billion private placement deal backed by prominent...

SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion

South Korean memory chip giant SK Hynix has submitted a confidential filing for a U.S. stock market listing in 2026, with sources indicating the move could raise as much as $14 billion. The company intends to offer...

Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push

Meta Platforms made a significant move this week by granting restricted stock units and stock options to several of its most senior leaders, including Chief Financial Officer Susan Li and Chief Technology Officer Andrew...