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Digital Currency Revolution

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Digital currency or digital money is an Internet-based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership. Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an on-line game or social network. In this series, we cover stories and provide insightful analysis of the digital currencies such as bitcoin with no central point of control over the money supply.

Digital Currency Revolution

Metaverse: Lowe’s jumps into the virtual world

Jun 24, 2022 08:34 am UTC| Business Digital Currency Investing

Lowes Companies, Inc., an American retail company specializing in home improvement, is expanding its business into the metaverse through a tool that will help visualize projects. As more and more firms are jumping into the...

Digital Currency Revolution

Crypto crash: market volatility is testing investor will but crypto-enthusiasts still see a future for the asset class

Jun 23, 2022 16:18 pm UTC| Digital Currency

Bitcoin, the original cryptocurrency, remains a bellweather for the sector. It hit an all-time high of more than US$68,000 (55,600) in November 2021, when the overall value of the cryptocurrency market was close to US$3...

Digital Currency Revolution

LA Angels and Washington Wizards lose out on sponsorships due to crypto crash

Jun 22, 2022 23:34 pm UTC| Sports Economy Business Digital Currency

MLBs Los Angeles Angels and the NBAs Washington Wizards have lost out on major sponsorship deals due to the downturn in cryptocurrency. According to reports, the Wizards agreement with an unnamed cryptocurrency company...

Digital Currency Revolution

S. Korea's high court overturns guilty verdict of man in ‘wrongly-sent’ bitcoins case

Jun 21, 2022 23:27 pm UTC| Law Digital Currency Economy Business

The South Korean Supreme Court overturned the guilty verdict against a 32-year-old man in a breach of trust charge for keeping bitcoins inadvertently sent to him due to misinterpretations of the principles of law. The...

Digital Currency Revolution

FxWirePro Bitcoin Predictions

Jun 21, 2022 10:11 am UTC| Technicals Digital Currency

BTCUSD regained above $20000 on short covering. The pair crashed sharply and lost more than 74% from an all-time high of $69000.A hawkish aggressive rate hike by the fed and surging inflation dragging the riskier assets...

Digital Currency Revolution

Binance cancels deposits, withdrawals in Brazil due to new central bank policy

Jun 20, 2022 10:44 am UTC| Business Digital Currency

Binance had to suspend the deposits and withdrawals of crypto in Brazil after the countrys central bank issued a new payment policy. It was reported that the temporary halt of the service applies to all transfers that are...

Digital Currency Revolution

Bill Gates sees cryptos and NFTs as shams

Jun 17, 2022 00:25 am UTC| Digital Currency Technology Economy Business

Bill Gates claimed that cryptocurrency and NFT trends are 100% based on greater fool theory, referring to the idea that investors can profit from worthless or overvalued assets if enough people are willing to bid them...

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Economy

Patents for heat management system for eco-friendly cars up 11%

The Korea Intellectual Property Office reported that the submission of patents related to an integrated heat management system for eco-friendly cars mainly from China, the US, Japan, South Korea, and Europe jumped by an...

Osaka court sides with 7-Eleven in franchise contract termination case

The Osaka District Court dismissed a lawsuit claiming 7-Eleven Japan Co unjustly terminated its contract with a convenience store franchisee over his decision to stop late-night operations. The court also ordered...

Distillery uses green crab in whisky to help protect ecosystem

Tamworth Distilling has created, in collaboration with a University of New Hampshire team, a green crab-flavored whiskey dubbed Crab Trapper. This drink also seeks to find a use for New Hampshires unwanted green crab...

Fanatics CEO selling stake in Philadelphia 76ers, New Jersey Devils to avoid conflict of interest

Michael Rubin, the CEO of digital sports platform Fanatics, is selling his reported ten percent stake in Harris Blitzer Sports Entertainment (HBSE), owner of the NBAs Philadelphia 76ers and the NHLs New Jersey...

eBay acquires NFT marketplace startup KnownOrigin

eBay bought UK-based NFT marketplace KnownOrigin, which raised $3.5 million in February, for an undisclosed sum. KnownOrigin has amassed an impressive, ardent, and devoted group of artists and collectors, which are a...

Politics

Russia-Ukraine conflict: Defense minister confirms arrival of US long-range rocket systems

Kyiv has confirmed that the weapons pledged by the US arrived in Ukraine this week. The weapons that arrived include the powerful High Mobility Artillery Rocket Systems, as Ukraine looks to reverse the course of the war in...

US Interior Secretary Deb Haaland calls on Senate to investigate deaths of 500 indigenous children in schools

US Interior Secretary Deb Haaland made history as the first Native American to become a member of a presidential Cabinet. Haaland recently called on the Senate to pass the legislation that would probe the deaths of 500...

US VP Kamala Harris meets with Democratic Attorneys General in anticipation of Supreme Court abortion ruling

Months after a leaked majority draft opinion by the Supreme Court overturning the landmark Roe v. Wade ruling, the US is bracing for the formal striking down of the abortion rights law. Vice President Kamala Harris met...

Russia-Ukraine conflict: Kyiv begins trial of Russian soldier accused of rape

Legal proceedings are taking place in Ukraine as Kyiv begins prosecutions of Russian forces charged with crimes. Kyiv has begun its preliminary proceedings in the first trial of a Russian soldier charged with...

Myanmar coup: UN expert says ASEAN should rethink approach to crisis

Myanmar is facing unrest due to the coup staged by the generals to seize power and oust the elected government. The UN special rapporteur on human rights said the ASEAN regional grouping of countries must rethink their...

Science

Sea lettuce used as cow feed may lower marine ecosystem threat

A joint study conducted by a local feed manufacturer and Konkuk University showed that cows fed with a newly developed feed containing sea lettuce emitted 28 percent less methane gas than those who werent. Cows fed sea...

S. Korean scientists develop robot skin that senses tactile stimuli, self heals

A research team from the Korea Advanced Institute of Science and Technology (KAIST) has developed a robot skin that can sense external tactile stimuli and recover from injury when damaged. The newly developed robot skin...

Absolut enlists startup's help in developing fiber-based bottle cap

The Absolut Company is enlisting the help of Swedish start-up Blue Ocean Closures in developing a fiber-based closure cap for its Absolut Vodka bottle. The caps design uses a combination of sustainably sourced FSC fiber...

S. Korea to produce biodegradable plastic with seaweed

South Koreas Ministry of Oceans and Fisheries and a research team at Pohang University of Science and Technology will begin developing technology that uses marine plants to produce biodegradable plastic material. Among...

Researchers 'mask' cancer drug to spare healthy tissues while killing tumors

The University of Chicagos Pritzker School of Molecular Engineering has designed a method to keep a promising cancer drug from wreaking havoc until it reaches a tumor. As many cancer drugs often attack both healthy...

Technology

‘Final Fantasy 16’ producer hopes to release a gameplay demo

Video game fans finally got confirmation that the much-awaited Final Fantasy 16 will be released next year. While a new trailer was unveiled a few weeks ago, much of the gameplay and narrative remain under wraps. But...

Apple’s Tim Cook says 'stay tuned' on what they will offer when asked about AR/VR tech

Apples first AR/VR headset has been in the rumor mill for a long time now, but reports have peaked in previous months as the tech giant is rumored to unveil the product in the near future. While Apple has remained silent...

iPhone 14 Pro Max battery may be downgraded, leak claims

A new iPhone 14 leak has claimed that Apple is planning to increase the battery capacity of its upcoming phones. However, the iPhone 14 Pro Max is not expected to get the same treatment. The high-end model is instead...

Blizzard confirms ‘World of Warcraft: Dragonflight’ will launch in 2022

World of Warcraft can now pre-purchase the games upcoming expansion called Dragonflight. Blizzard Entertainment also confirmed this week that the update would be released later this year. World of Warcraft: Dragonflight...

Twitter announces ‘Notes’ feature for long-form posts

Twitter confirms its plans to introduce a way where users, especially writers, can publish posts beyond the current 280-character limit. The feature, officially called Notes, is currently in testing and was recently made...