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Blockchain Revolution Series

Digital Currency Revolution

BoE developing blockchain proofs of concepts and exploring Central Bank Digital Currencies: Mark Carney

Jan 26, 2017 06:27 am UTC| Digital Currency Fintech

The Bank of England is looking into the policy and technical issues posed by Central Bank Digital Currencies (CBDC) and developing blockchain proof-of-concepts, Bank of England Governor Mark Carney said. Speaking at the...

Digital Currency Revolution

PBoC tests blockchain-based digital currency with commercial banks

Jan 26, 2017 05:41 am UTC| Digital Currency Fintech

According to latest reports, the Peoples Bank of China completed a trial of a blockchain-based digital currency on 15 December 2016. Caixin reported that the digital currency system was tested with several commercial...

Blockchain Revolution Series

International law firm Steptoe joins Global Blockchain Business Council

Jan 26, 2017 04:37 am UTC| Digital Currency Fintech

Blockchain technology company Bitfury Group, together withinternational law firm Steptoe Johnson LLP, announced today that Steptoe will serve as a member and legal services partner of the Global Blockchain Business...

Thai FinTech Association seeks government support to fight competition from foreign players

Jan 25, 2017 09:42 am UTC| Fintech

The Thai FinTech Association has sought the help of the government to enhance and increase its support for local fintech startups and financial institutions and its competitiveness, thus preventing foreign companies from...

London takes top spot in RegTech deals: FinTech Global

Jan 25, 2017 08:36 am UTC| Fintech

In a new research, specialist data and intelligence firm FinTech Global has found that London is set to lead dramatic growth in the regulatory technology industry. Regulatory technology, popularly called RegTech, is...

Blockchain Revolution Series

2017 Global Insurance Symposium to feature sessions on AI and blockchain technology

Jan 25, 2017 06:34 am UTC| Fintech

The registration for the 2017 Global Insurance Symposium, to be held on April 25-27in downtownDes Moines, Iowa, is now open. Presented by the Iowa Insurance Institute, the Federation of Iowa Insurers, the Iowa Economic...

Blockchain Revolution Series

Bank of Japan’s third FinTech Forum to focus on blockchain technology

Jan 25, 2017 05:37 am UTC| Fintech

The Bank of Japan is going to host its third Fintech Forum on 28 February 2017, which will focus on blockchain or distributed ledger technology. Hosted by the BoJs Fintech Center, the invite-only event will feature...

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Economy

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,...

Gold Prices Climb as Middle East Ceasefire Talks Stir Market Optimism

Gold prices edged higher on Wednesday as cautious optimism surrounding potential U.S.-Iran ceasefire negotiations lifted sentiment across global markets. Spot gold climbed 0.7% to $4,504.58 per ounce, while U.S. gold...

Middle East War Rattles Global Markets as Oil Tops $100 and Dollar Surges

Asian equity markets struggled to find clear direction on Thursday as investors navigated a rapidly shifting geopolitical landscape in the Middle East. Iran signaled conditional willingness to consider a U.S.-backed...

Federal Reserve Balance Sheet Reduction: Brookings Research Outlines Possible Path Forward

New research from the Brookings Institution suggests the Federal Reserve could shrink its balance sheet through a combination of regulatory adjustments, payment system reforms, and more active market interventions without...

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...