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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

S. Korea's blockchain gaming industry rattled by TerraUSD, Luna debacle

May 17, 2022 23:23 pm UTC| Digital Currency Economy Business

South Korean gaming firms that feature virtual coins and other blockchain functionalities remain on alert over the adverse effects of the recent collapse of the TerraUSD and Luna cryptocurrencies. Cryptocurrencies...

Digital Currency Revolution

NFT: Allink to introduce NFT membership in 7-Eleven stores

May 13, 2022 10:55 am UTC| Business Investing Digital Currency

Allink, a Near Field Communication (NFC) tag-based information transfer solution provider, revealed it would be debuting an NFT membership service in 7-Eleven Koreas retail outlets. The company has teamed up with Kakaos...

Digital Currency Revolution

NFT: Pepsi, Billboard team up to offer first-ever live NFT minting experience at the 2022 BBMAs

May 13, 2022 08:27 am UTC| Business Digital Currency Investing

Pepsi and Billboard announced their collaboration along with MRC Live Alternative to drop the first-ever NFT live minting experience. With the partnership, the beverage brand is setting down a cutting-edge non-fungible...

Digital Currency Revolution

NFT: Cristobal Balenciaga to launch massive NFT couture design collection

May 11, 2022 07:35 am UTC| Business Investing Digital Currency

Balenciaga is the latest luxury fashion brand to announce a new NFT release, and this has been described to be one massive drop. The fashion houses innovative designs are set to become digital tokens, and the collection...

Digital Currency Revolution

NFT: Mr. Bean lands in the Metaverse as Banijay, FOMO Labs launch its NFTs

May 10, 2022 08:06 am UTC| Business Digital Currency Investing

Mr. Bean is coming to the metaverse as Banijay announced that 3,333 of the characters non-fungible tokens or NFTs are in the works. Banijay is considered the worlds largest international content producer and distributor of...

Digital Currency Revolution

NFT: Meta’s Instagram adds NFT feature, trial begins this week

May 10, 2022 07:11 am UTC| Business Investing Digital Currency

Metas Instagram will be adding a feature to support non-fungible tokens or NFTs from Ethereum, Solana, Polygon, and Flow. For this new function, the social media platform will not be charging users for displaying their...

Digital Currency Revolution

Metaverse: Deutsche Telekom, SK Telecom join forces to bring metaverse to Europe

May 09, 2022 10:09 am UTC| Business Investing Digital Currency

Deutsche Telekom and SK Telecom have signed a strategic deal to form an alliance and bring the latters metaverse platform to the European market. The South Korean telecom firm shared the news about its new partnership deal...

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Economy

Amorepacific apologizes for employees’ ₩3 billion heist

AmorePacific, a South Korean beauty, and cosmetics chaebol issued an apology on Tuesday, May 17, after it was revealed that three of its staff stole money from the company. The employees were said to have embezzled a total...

Reebok stores in Russia up for sale, Turkish retailer FLO Magazacilik reportedly in talks to take over

Reebok is selling over 100 of its stores in Russia and Turkeys retail company, FLO Magazacilik, is currently in discussion for the acquisition of the properties. The talks were reportedly confirmed by the latters chairman,...

Samsung reportedly raising prices of its semiconductor products

Samsung Electronics Co. is reportedly mulling on hiking prices for its chips. It is considering up to a 20% increase, and this was first reported on Friday. The company is said to be currently in talks with foundry...

Court picks KG Group as SsangYong Motor preferred bidder

SsangYong Motor is in search of a new buyer after its acquisition deal with Edison Motors Company failed to push through. The race to acquire the South Koreabased automobile manufacturer opened again, and companies have...

Nike inks Stanford's Rachel Heck as first NIL golfer

US sportswear brand Nike has signed Stanford Universitys Rachel Heck as its first name, image, and likeness (NIL) golf athlete. Heck is presently ranked third in the World Amateur Golf Rankings, with significant...

Politics

Kevin McCarthy has 'nowhere to run' following subpoena from Jan. 6 committee, says former federal prosecutor

The congressional committee investigating the January 6 insurrection has moved towards issuing subpoenas to several sitting Republican members of Congress in recent weeks. According to a former federal prosecutor, House...

US House plans to move domestic terrorism bill for a vote this week

The recent mass shootings have renewed calls for action to curb any racially-motivated acts of violence around the US. House Democrats are planning to bring the domestic terrorism bill for a vote this week. In a report...

Joe Biden eases some policies on Cuba

US President Joe Biden and his administration made another reversal of some policies that were implemented under the Trump administration. This week, the Biden administration eased some of the policies regarding Cuba,...

North Korea: Kim Jong-un orders military to stabilize distribution of COVID-19 medicine

North Korea has been dealing with an outbreak of COVID-19 since it was first reported last week. North Korean leader Kim Jong-un has ordered his military to stabilize the distribution of medicine for COVID-19 in the...

Science

Hyundai Mobis’ monitoring system reduces drowsy driving risks by 30%

Hyundai Mobis Co. has come up with an in-house brainwave-based driver monitoring system that can reduce the risk of drowsy driving by up to one-third. The system, dubbed M.Brain, is a wearable earpiece that continuously...

California start-up Bionaut Labs to send tiny robots on voyage into brains

California start-up Bionaut Labs will conduct its first clinical trials on sending miniature robots deep inside the human skull to treat brain disorders The tiny injectable robots can be guided through the brain using...

Kirin, Meiji University develop electric chopsticks that make low-salt food taste salty

Food producer Kirin and Meiji University have developed a pair of chopsticks that stimulate the taste of salt in foods with low salt content through extensive research. This technology, which has yet to be named,...

Japanese researchers develop plastic with self-repairing powers

Japanese researchers have found a way to create self-repairing plastics that can be used in many products and reduce the amount of waste now polluting the planet. It might have practical applications for home...

Osaka University team proves safety of iPS-based cornea transplant

An Osaka University research team has concluded that the worlds first clinical trial, transplanting corneal tissues derived from induced pluripotent stem cells, or iPS cells, was safe and effective. According to the...

Technology

Bloober Team CEO responds to ‘Silent Hill 2’ remake rumors

Silent Hill is once again making headlines with rumors that multiple projects for the franchise are in the pipeline. The reports said Bloober Team is working on a remake of Silent Hill 2, but CEO Piotr Babieno said they...

YouTube Music for Wear OS adds support for Wi-Fi, LTE streaming

Google previously promised to make YouTube Music for Wear OS function more independently on smartwatches even when users do not have their phones nearby. That will come true this week as the company announced the imminent...

Sony unveils revamped PS Plus games lineup and free trials

There is only a week left before the all-new PS Plus goes live in some regions. Sony released a preview of popular first-party and third-party games available to download at launch. While the list of games with free trials...

AirPods could also shift to USB-C port in the ‘foreseeable future’

More reports have emerged suggesting that Apple is a step closer to ditching the Lightning port for USB-C. And analyst Ming-Chi Kuo provided more insight on the matter, noting that the tech giant is also planning on...
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