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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

What is Bitcoin's fundamental value?

Nov 13, 2021 07:44 am UTC| Digital Currency Investing

As it hits new highs, there is no shortage of bold predictions about Bitcoin reaching US$100,000 or more. Often these are based on not much more than extrapolations by people with vested interests: the price has gone up...

Digital Currency Revolution

Brazil to launch Bitcoin as a legal payment currency

Oct 08, 2021 09:47 am UTC| Economy Digital Currency

Bitcoin will soon be accepted as a legal currency in Brazil, and this was revealed by the countrys own Federal Deputy, Aureo Ribeiro. Based on the reports, the government official said that soon, citizens of Brazil would...

Digital Currency Revolution

What is decentralized finance?

Aug 06, 2021 09:40 am UTC| Economy Digital Currency

Fervent proponents of cryptocurrencies and the blockchains they run on have promised a lot. To them, these technologies represent salvation from corporate power over the internet, government intrusions on liberty,...

Digital Currency Revolution

Crypto banks' savings rates are ten times greater than high street, but are they safe?

Jun 20, 2021 12:04 pm UTC| Digital Currency

Leading crypto banks such as BlockFi and Nexo are attracting a lot of attention. Customers can earn an APY (annual percentage yield) of up to 12%, dwarfing high-street savings accounts, whose interest rates are sub-1%. But...

Digital Currency Revolution

Can Bitcoin become a real currency? Here's what's wrong with El Salvador's crypto plan

Jun 14, 2021 04:04 am UTC| Digital Currency Investing

Nayib Bukele, president of El Salvador, has got himself a pair of laser eyes on his Twitter profile at least. Laser eyes are something social media users give themselves to show they love cryptocurrency and Bukele...

Digital Currency Revolution

Bitcoin: China's crackdown isn't enough – only a global effort can stop crypto's monstrous energy demand

Jun 08, 2021 12:31 pm UTC| Digital Currency

Huge concrete data centres, permanently plugged into power plants and telephone exchanges, maintain much of online life. But the infrastructure behind internet-based cryptocurrencies such as bitcoin, dogecoin and ethereum...

Digital Currency Revolution

What Elon Musk's bitcoin U-turn means for the future of crypto

May 16, 2021 11:29 am UTC| Digital Currency Investing

Teslas relationship with cryptocurrencies has been a stop-start rollercoaster. In February, the electric vehicle manufacturer announced it had purchased US$1.5 billion (1.1 billion) of bitcoin and planned to accept the...

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Economy

New Balance eyeing NFT and metaverse markets based on trademark filings

New Balance is preparing to enter the sneaker-based non-fungible tokens (NFTs) market, as evidenced by its filing of three trademark applications in the US. The filings mentioned downloadable virtual goods, retail store...

UFC collaborates with Dapper Labs for NFT marketplace

The Ultimate Fighting Championship (UFC) has launched the Strike non-fungible token (NFT) marketplace in collaboration with blockchain technologies company Dapper Labs. Profits from the NFTs, priced at US$50 each, will...

Japan's Supreme Court favors website owner over nonconsensual bitcoin mining case

Japans Supreme Court absolved web designer Seiya Moroi, 34, of using cryptocurrency mining software Coinhive on unsuspecting visitors to his website after a four-year legal battle. According to the Supreme Court, there...

Ministop joins French fry war in Japan with larger Bucket Potato as McDonald's reel from potato shortage

Ministop has joined the French fries war in Japan by offering its Bucket Potato, which has three times the amount of their X Fried Potatoes for 641 yen. A regular-sized order of Ministops X Fried Potatoes costs 213 yen,...

S. Korea's Hanmi, Celltrion, and Dongbang to produce Merck’s COVID-19 pill

South Koreas Hanmi Pharm Co., Celltrion Inc., and Dongbang FTL were among 27 drugmakers chosen to produce low-cost versions of Merck Co.s COVID-19 pill molnupiravir for low- and-middle-income countries. The Medicines...

Politics

Supreme Court rejects Donald Trump's appeal to keep Jan. 6 documents sealed

Former President Donald Trump took his appeal to block the National Archives from releasing documents related to the Capitol insurrection to the Supreme Court. The court has echoed the ruling of the two lower federal...

Ivanka Trump accused of 'misleading financial statements' to federal government and Deutsche Bank

Donald Trumps daughter and White House adviser Ivanka Trump is now under even more legal scrutiny in the ongoing investigations into the Trump Organization. New York Attorney General Letitia James claimed in a court filing...

Afghanistan: Pentagon releases footage of Kabul drone strike

One of the criticized aspects of the US military withdrawal from Afghanistan was the drone strike that ended up killing civilians including children. The Pentagon has now made public the footage of the failed drone...

US House Majority Leader Steny Hoyer echoes Nancy Pelosi's stance on lawmakers trading stocks

One of the issues that have emerged in Congress is of its members trading stocks despite concerns of conflicts of interest. US House Majority Leader Steny Hoyer echoed the stance of House Speaker Nancy Pelosi, saying that...

Kamala Harris says administration will continue to fight to pass voting rights legislation following Senate vote

The recent Senate vote on voting rights did not succeed in advancing voting rights legislation in the chamber. US Vice President Kamala Harris said that the administration would continue to push for voting rights...

Science

S. Korean scientists develop protein absorbent that collects rare earth elements from steel slag

A Gwangju Institute of Science and Technology research team has developed a protein absorbent that can collect rare earth elements from steel slag, an industrial by-product. The research team succeeded in selectively...

DouxMatok and Blommer to produce chocolate products with less sugar by enhancing sweetness perception

Blommer Chocolate Co. has entered a commercial partnership with Israeli-based DouxMatok to produce and sell a portfolio of chocolate products with less sugar, made possible by enhancing the perception of...

Duke University study reveals gastrointestinal tract distinguishes between Coke Original and Coke Zero

Duke University researchers revealed that the gastrointestinal tract, and not the tongue, distinguishes between Coca-Cola Original and Coca-Cola Zero Sugar. According to their published study, neuropod cells in the...

Keio University doctors use iPS-derived cells to treat spinal cord injury

Keio University researchers have successfully transplanted into a patient with a severe spinal cord injury two million neural progenitor cells derived from other peoples iPS cells as part of a clinical study, offering hope...

Virtual moon landing experience offered at Tottori Sand Dunes

Tokyo-based Amulapo, Inc. is offering a tour at the Tottori Sand Dunes for experiencing a simulated landing on the lunar surface for up to 20 participants on Saturday nights until the end of March, during good...

Technology

Apple’s spring 2022 event could see the launch of new Macs, iPads, and iPhone SE

In a few months, Apple is expected to unveil the first batch of new products it has lined up for 2022. And more reports have recently emerged, suggesting that the iPhone maker is preparing an event this spring. When to...

Warner Bros. reiterates ‘Hogwarts Legacy’ will launch in 2022

A recent report claimed that Hogwarts Legacy is unlikely to launch anytime before 2023, suggesting that the game could suffer yet another delay. However, developers have now somewhat addressed the rumor by reiterating that...

‘Ghostwire: Tokyo’ could be released in March

It has been a while since developer Tango Gameworks and publisher Bethesda Softworks last released teasers for Ghostwire: Tokyo. Officially, the companies have only said the game will be released sometime this year. But an...

NFT profile pictures on Twitter will now appear as hexagonal avatars

Twitter just launched a new feature that makes NFT profile pictures easier to distinguish. As expected, it has been met with mixed reactions from users and major brands. People will find everyday debates about the pros...

Crypto.com confirms hackers stole over $30 million in cryptocurrencies

Crypto.com confirmed that 483 users were affected by a hacking incident detected earlier this week. The cryptocurrency exchange platform said the culprits stole more than $30 million, but that no customers lost...