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Digital Currency Revolution

Bitcoin ETFs Bleed $243 Million as Middle East Tensions Spark Record-Breaking Withdrawals

Oct 02, 2024 12:09 pm UTC| Digital Currency Technology Business

Bitcoin exchange-traded funds witnessed a massive $243 million outflow as escalating Middle East tensions rattled institutional investors. This marks the largest exodus since early September and reverses eight days of...

Telegram’s Durov Reveals IP Sharing Since 2018 Amid French Legal Storm

Oct 02, 2024 11:32 am UTC| Technology Business

Telegram CEO Pavel Durov disclosed that the messaging app has been providing user IP addresses to authorities since 2018, minimizing the impact of recent terms of service updates amid escalating legal challenges in...

TSMC’s 2nm Chips Keep Taiwan a Decade Ahead of China in Semiconductor Innovation

Oct 02, 2024 07:32 am UTC| Technology

Taiwans TSMC is maintaining a decade-long lead over Chinas semiconductor industry, according to Taiwans National Science Council chairperson Cheng-Wen Wu. TSMCs upcoming 2-nanometer chips, set for mass production in 2025,...

Digital Currency Revolution

Kia EV9 Shatters Sales Expectations in 2024, Leading the Charge in a Slowing EV Market

Oct 02, 2024 07:22 am UTC| Digital Currency Technology Business

Kias all-electric EV9 SUV surged in popularity last month, boasting a 43% year-over-year sales increase, positioning the brand as a leader in the EV sector despite overall market challenges. Kias EV9 Dominates September...

Crypto Interest Rises Among Non-Owners, But Overall Ownership Declines Despite Bitcoin Surge

Oct 02, 2024 07:16 am UTC| Technology Digital Currency

A new report from the Federal Reserve Bank of Philadelphia shows that while Bitcoin prices surged in 2024, overall crypto ownership has continued to decline. However, interest from Americans who have never owned...

SpaceX and T-Mobile Begin Testing Starlink Cellular Satellite Service Ahead of 2025 Launch

Oct 02, 2024 06:54 am UTC| Science Technology

SpaceX and T-Mobile have reportedly initiated tests for their highly anticipated Starlink Cellular satellite service. Speculation emerged after users noticed satellite activity on their phones, fueling excitement ahead of...

Tesla Q3 2024 Deliveries Poised for Record Growth, Betting Markets Show Strong Optimism

Oct 02, 2024 04:04 am UTC| Technology Business

Tesla is set to achieve record-breaking Q3 2024 deliveries, with betting markets predicting over 460,000 units. Increased demand in China and the Cybertruck production ramp-up are key factors driving this optimism, as the...

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Economy

Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High

Gold prices slipped in Asian trading on Thursday as investors evaluated the Federal Reserves latest policy signals, which combined a widely expected interest rate cut with a surprisingly dovish move to boost liquidity. The...

Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure

Asian currencies traded cautiously on Thursday after the U.S. Federal Reserve delivered a widely expected 25-basis-point rate cut but paired it with a hawkish outlook. The Fed lowered its benchmark rate to 3.50%-3.75%,...

BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025

The Bank of Japan is widely expected to raise interest rates by 25 basis points to 0.75% at its December 1819 meeting, according to a new Reuters poll that shows growing confidence in the central banks shift away from...

Australia’s Labour Market Weakens as November Employment Drops Sharply

Australias labour market showed clear signs of cooling in November, with national employment falling by the most in nine months. According to the Australian Bureau of Statistics, total employment declined by 23,100 jobs,...

Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries

Mexico has taken a decisive step to strengthen its domestic manufacturing sector by approving significant tariff hikes on a wide range of imports from China and several other Asian countries. The Senate passed the measure...

Politics

U.S. Expands Sanctions on Venezuela, Targeting Maduro Family and Oil Tankers

The United States on Thursday announced a new round of sanctions against Venezuela, significantly escalating pressure on President Nicolás Maduros government by targeting members of the first family, oil tankers,...

Thailand Moves Toward Early Elections After Parliament Dissolution

Thailand is heading toward early elections after Prime Minister Anutin Charnvirakul announced the dissolution of parliament, saying he is returning power to the people. The decision accelerates the countrys election...

Environmental Group Sues to Block Trump Image on U.S. National Park Passes

An environmental organization has filed a lawsuit to stop the U.S. Interior Department from placing an image of former President Donald Trump on next years America the Beautiful annual national park pass. The Center for...

Trump Administration Unveils High-Priced “Trump Gold Card” Visa Program

The Trump administration has officially introduced the Trump Gold Card, a premium visa program that offers non-U.S. citizens an expedited pathway to live and work in the United Statesat a steep cost. Launched through...

Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges

Australias groundbreaking ban on social media use for children under 16 has entered its first days with both praise and pushback, as Prime Minister Anthony Albanese acknowledged the rollout would not be flawless. The law,...

Science

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...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand

South Koreas leading memory-chip producer SK Hynix is exploring a potential listing on the U.S. stock market through American Depositary Receipts (ADRs), according to a regulatory filing released Wednesday. The company...

SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters

SoftBank Group shares dropped sharply on Thursday, leading declines across Japanese markets, after Oracles mixed quarterly earnings reignited concerns about soaring artificial intelligence investments. SoftBank (TYO:9984)...

SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans

Elon Musk signaled that SpaceX is moving closer to a long-anticipated initial public offering, confirming on Wednesday that reports of an upcoming IPO were accurate. His response came after Ars Technica editor Eric Berger...

Nvidia Develops New Location-Verification Technology for AI Chips

Nvidia has confirmed the development of a new location-verification technology designed to help identify the country where its AI chips are being used, a move aimed at curbing the smuggling of advanced processors into...

EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute

The General Court of the European Union has significantly reduced Intels antitrust fine, lowering it from the previously imposed 376 million to 237.1 million ($438 million to $276 million). The ruling, issued Wednesday,...