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Digital Currency Revolution

BNY Mellon Granted SEC Waiver, Paving the Way for Institutional Crypto Custody Services

Sep 20, 2024 21:22 pm UTC| Digital Currency Technology Business

BNY Mellon has reportedly obtained an exemption from the SECs SAB 121, allowing the bank to move forward with its institutional crypto custody business. The move underscores growing institutional interest in digital...

Digital Currency Revolution

Catizen (CATI) Climbs 34% After Binance Debut, New Margin Trading Pairs Added

Sep 20, 2024 21:10 pm UTC| Digital Currency Technology Business

Catizen (CATI) surged 34% in its first trading session on Binance. The listing comes with new margin trading pairs and a zero-fee structure for conversions. The CEX has announced that Catizen (CATI) would be added to...

Digital Currency Revolution

XRP Could Reach $2 by 2025 if Bitcoin Breaks $150K, Analysts Say

Sep 20, 2024 21:02 pm UTC| Digital Currency Technology Business

Amid indications that the SEC wont appeal the Ripple verdict and expectations of Bitcoin breaking past $150,000, crypto experts anticipate XRPs price could hit $2 by 2025. The combination of bullish Bitcoin momentum and...

Digital Currency Revolution

Bitcoin Expected to Hit $200K by 2025, Standard Chartered Cites Key Economic and Regulatory Shifts

Sep 20, 2024 20:49 pm UTC| Digital Currency Technology Business Politics

Bitcoin could reach $200,000 by the end of 2025, according to Standard Chartered, driven by economic conditions, ETF growth, and a potential change in US regulatory policies. No matter who wins the 2024 US presidential...

Digital Currency Revolution

Shiba Inu's Shytoshi Kusama Teases “Big Plans” After TOKEN2049 Conference Appearance

Sep 20, 2024 20:35 pm UTC| Digital Currency Technology Business

Shytoshi Kusama, the mysterious leader behind Shiba Inu, hinted at significant future announcements after her participation at TOKEN2049 in Singapore. These cryptic remarks have left SHIB holders buzzing with anticipation...

Starlink Aviation Expands to 2,500 Aircraft After United Airlines Partnership

Sep 20, 2024 15:35 pm UTC| Business Technology Science

SpaceXs Starlink Aviation service is expanding rapidly, with 2,500 aircraft now under contract after a recent agreement with United Airlines. This marks a significant milestone in in-flight connectivity, as Starlink...

Tesla Thrives in China While Media Overstates Germany’s EV Sales Decline

Sep 20, 2024 15:32 pm UTC| Business Technology

Despite the medias focus on a steep decline in German EV sales, Tesla is set to record its best quarter in China. As analysts downplay Germanys artificially inflated figures, Teslas continued growth, even amid fierce...

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Economy

Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing

Korea Zinc announced plans to invest $7.4 billion to build a large-scale critical minerals refinery in Tennessee, marking the first new U.S.-based zinc refinery since the 1970s. The project, heavily backed by the U.S....

Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets

Asian technology and chipmaking stocks fell sharply on Monday as investor caution intensified over growing uncertainties surrounding artificial intelligence (AI) spending and its impact on future earnings. The sell-off...

China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand

Chinas economic momentum showed further signs of strain in November as key indicators pointed to slower growth in industrial output and a sharper-than-expected slowdown in consumer spending, according to official data...

Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns

Oil prices edged higher on Monday, recovering part of last weeks sharp decline, as rising geopolitical tensions between the United States and Venezuela fueled concerns over potential supply disruptions. These worries...

Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks

The U.S. dollar remained under pressure on Monday, extending losses near a two-month low, while the euro and British pound held relatively steady as investors awaited a series of critical central bank decisions this week....

Politics

Sydney Bondi Beach Shooting Sparks Calls for Stronger Protection of Jewish Community in Australia

Israels ambassador to Australia has urged the federal government to strengthen protections for Jewish communities following a deadly mass shooting at a Hanukkah festival near Sydneys Bondi Beach. The attack, which occurred...

European Leaders Launch International Claims Commission to Compensate Ukraine for War Damage

European leaders, including Ukrainian President Volodymyr Zelenskiy, are gathering in The Hague to launch a new International Claims Commission aimed at compensating Ukraine for hundreds of billions of dollars in damage...

U.S. and Mexico Reach New Agreement to Tackle Tijuana River Sewage Crisis

The United States and Mexico have signed a new bilateral agreement aimed at addressing the long-standing Tijuana River sewage crisis, according to a statement released Monday by the U.S. Environmental Protection Agency...

Ukraine Claims First-Ever Underwater Drone Strike on Russian Missile Submarine

Ukraine said on Monday that it successfully struck and disabled a Russian missile-carrying submarine at a Black Sea naval base using underwater sea drones, marking what Kyiv described as a historic first in naval warfare....

Jimmy Lai Convicted Under Hong Kong National Security Law in Landmark Case

Hong Kongs High Court has found media tycoon and pro-democracy figure Jimmy Lai guilty of conspiracy to collude with foreign forces, marking the most significant conviction yet under the China-imposed national security...

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

iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures

iRobot, the company behind the popular Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection in the United States as it prepares to go private through an acquisition by Picea Robotics, its primary...

Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges

Nvidia is evaluating whether to expand production capacity for its powerful H200 artificial intelligence chips after demand from Chinese customers significantly exceeded current supply, according to multiple sources...

SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles

SpaceX has reportedly begun the early stages of preparing for a potential initial public offering (IPO), marking a significant milestone for the private aerospace company founded by Elon Musk. According to a report from...

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...

Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand

Mizuho Securities has raised its price target on Broadcom Inc. (NASDAQ: AVGO), highlighting accelerating momentum in the companys artificial intelligence business and a rapidly expanding long-term backlog. The brokerage...