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US House Approves FIT21 Crypto Bill with Bipartisan Support, Signaling Regulatory Shift

May 23, 2024 01:44 am UTC| Technology Digital Currency

In a significant legislative move, the US House of Representatives has approved the FIT21 crypto bill with strong bipartisan support, aiming to provide clear regulatory guidelines for digital assets. House Passes FIT21...

Digital Currency Revolution

BlackRock, Grayscale, Bitwise Revise Ether ETF Filings; SEC Invites Public Comments

May 22, 2024 23:56 pm UTC| Digital Currency Technology

BlackRock, Grayscale, and Bitwise amended their spot Ether ETF filings, with the SEC now seeking public comments. Staking Provisions Removed in Updated Ether ETF Filings The Securities and Exchange Commission (SEC)...

Digital Currency Revolution

VanEck Spot Ether ETF Confirmed by DTCC, Awaiting SEC Approval

May 22, 2024 11:31 am UTC| Digital Currency Technology

VanEcks spot Ether ETF has been classified as inactive on the DTCC website. It needs SEC approval to proceed. Comprehensive ETF Listings on DTCC As a pivotal infrastructure provider for the American financial...

Huawei Introduces Arabic LLM, Egypt's First Data Center for AI Expansion

May 22, 2024 09:22 am UTC| Technology Business

In Cairo, Huawei, a Chinese tech behemoth, introduced Egypts first public cloud service and an Arabic large language model (LLM) to capitalize on the regions growing demand for generative artificial intelligence...

Tesla Exec Confirms Cybertruck Foundation Series Ongoing; Cybertruck Hits Toyota Camry in Fresno

May 22, 2024 08:41 am UTC| Technology Business

Tesla exec Siddhant Awasthi quashed rumors about the Cybertruck Foundation Series ending, affirming ongoing production. Separately, a Toyota Camry suffered heavy damage in a collision with a Cybertruck in...

Digital Currency Revolution

Standard Chartered Predicts Ethereum to Hit $8,000 Following Potential ETF Approval

May 22, 2024 06:47 am UTC| Technology Digital Currency

Standard Chartered forecasts Ethereum could reach $8,000 by year-end, citing potential ETF approval and increased investor optimism. Recent developments have already spurred a significant price surge, with Ethereum rising...

Digital Currency Revolution

Trump Campaign Accepts Crypto Donations, Including Dogecoin and Shiba Inu

May 22, 2024 06:33 am UTC| Digital Currency Technology

Donald Trumps campaign to accept crypto donations, including Dogecoin and Shiba Inu, as SECs Ethereum ETF pivot raises political questions. Trump Campaign to Accept Bitcoin, Ether, Solana, Dogecoin, and Shiba Inu...

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Economy

Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals

Gold prices reversed early gains and moved lower during Asian trading on Thursday, pressured by a strengthening U.S. dollar and reduced demand for safe-haven assets. Investor focus has shifted toward upcoming central bank...

Thailand Inflation Remains Negative for 10th Straight Month in January

Thailands annual headline inflation rate stayed in negative territory for the tenth consecutive month in January, underscoring continued price pressures driven largely by lower energy costs and government measures aimed at...

Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off

Silver prices tumbled sharply during Asian trading on Thursday, leading a broad sell-off across the precious metals market and erasing most of the short-lived rebound seen earlier this week. The steep decline highlighted...

South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks

South Koreas efforts to stabilise its currency are facing a growing domestic challenge as retail investors continue to pour record amounts of money into U.S. stocks, driving strong demand for dollars while the won trades...

Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady

Federal Reserve Governor Lisa Cook emphasized the importance of protecting the central banks credibility by ensuring inflation returns to its long-term target, signaling continued caution on monetary policy despite recent...

Politics

Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports

The U.S. government is prepared to allow Chinas ByteDance to purchase Nvidias advanced H200 AI chips, but negotiations remain stalled as Nvidia has not agreed to the proposed conditions governing their use. According to...

Trump Endorses Clay Fuller in Georgia Special Election to Replace Marjorie Taylor Greene

President Donald Trump has thrown his weight behind conservative prosecutor Clay Fuller in the upcoming Georgia special election to replace Marjorie Taylor Greene, signaling a major shift in the political dynamics of...

CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences

Hong Kong-based conglomerate CK Hutchison has initiated international arbitration proceedings against the Panamanian government after Panamas Supreme Court annulled licences held by its subsidiary, Panama Ports Company, to...

Trump Stays Neutral on 2028 GOP Successor as Vance and Rubio Emerge as Top Contenders

President Donald Trump has declined to take sides in early speculation over who could succeed him as the Republican presidential nominee in the 2028 election, as Vice President JD Vance and Secretary of State Marco Rubio...

U.S. Justice Department Removes DHS Lawyer After Blunt Remarks in Minnesota Immigration Court

The U.S. Justice Department has removed a government lawyer from a high-pressure assignment in Minnesota following blunt comments made in federal court about her workload and the governments failure to comply with judicial...

Science

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...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....

Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised

Sony Corp (TYO:6758) reported stronger-than-expected third-quarter earnings, driven by solid performance in its gaming, music, and image sensor businesses. The Japanese conglomerate also raised its full-year forecast,...

SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO

Elon Musks SpaceX is reportedly exploring ways to secure early inclusion in major stock market indexes ahead of its highly anticipated initial public offering, a move aimed at boosting liquidity and stabilizing its share...