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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

Standard Chartered Joins China's Digital Yuan Trials, Eyes Cross-Border Payments

Nov 28, 2023 08:37 am UTC| Business Digital Currency Investing Fintech

Standard Chartered has announced its participation in the trials of Chinas digital yuan central bank digital currency (CBDC), known as the e-CNY. This move made Standard Chartered one of the first foreign banks to conduct...

Digital Currency Revolution

OKX Expands Services, Adds Crypto Exchange and Wallet Platform in Brazil

Nov 28, 2023 06:35 am UTC| Business Digital Currency Investing

OKX announced it has expanded its service offerings in Brazil by adding a cryptocurrency exchange and a digital wallet. The Web3 developer said that through the launch of these new services in the country, it will also...

Digital Currency Revolution

Hive Digital Acquires Data Center to Expand Crypto Operations in Sweden

Nov 28, 2023 01:53 am UTC| Business Investing Digital Currency

Hive Digital Technologies purchased a data center and a piece of land in Sweden to expand its operations in the region while increasing its Bitcoin production. The company said this move is also part of its plan of...

Digital Currency Revolution

HTX Restores Crypto Deposit, Withdrawal Services After Recent Hacking Incident

Nov 27, 2023 08:55 am UTC| Business Investing Digital Currency

HTX announced that its operations are back to normal. This comes after the crypto exchange suffered another security breach last week that resulted in the loss of more than $30 million in funds. HTX, which was formerly...

Digital Currency Revolution

HTX Crypto Exchange Vows to Restore Services in 24 Hours Following $13.6M Hacking Incident

Nov 24, 2023 08:59 am UTC| Business Investing Digital Currency

HTX, formerly known as Huobi Global, has suffered a system breach again and $13.5 million was reportedly stolen. In response to the incident, the company promised its customers that it would restore its services within 24...

Digital Currency Revolution

Singapore’s MAS Toughen Up Crypto Rules to Protect Retail Customers, Investors

Nov 24, 2023 08:54 am UTC| Business Investing Digital Currency

Singapores Monetary Authority of Singapore (MAS) is reportedly toughening up its regulations on cryptocurrency to protect retail customers and investors in the country. The countrys de facto central bank and financial...

Digital Currency Revolution

CoinGecko Acquires NFT Startup, Enhancing Digital Asset Market Presence

Nov 23, 2023 02:23 am UTC| Business Digital Currency

CoinGecko, a prominent cryptocurrency data aggregator, has recently announced the acquisition of a noteworthy NFT startup, solidifying its position in the fast-growing digital asset market. With this strategic move,...

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Economy

Russia Stocks End at Six-Month Low as MOEX Index Stalls, Gold Surges and Oil Retreats

Russian stocks closed mixed on Saturday, with the MOEX Russia Index finishing flat at 0.00% and touching its lowest level in six months. Investor sentiment remained cautious as gains in select stocks were offset by...

Carney and Macron Strengthen Canada-France Defense Ties Amid US Trade Uncertainty

Canadian Prime Minister Mark Carney and French President Emmanuel Macron have agreed to expand defense and industrial cooperation, reinforcing Canadas growing partnership with Europe as trade tensions with the United...

IMF Advances Ukraine Loan Program, Clears $690M Disbursement

The International Monetary Fund (IMF) has reached a staff-level agreement with Ukraine following the latest review of the countrys $8.1 billion loan program, paving the way for a new disbursement of approximately $690...

Oil Prices Fall as U.S.-Iran Peace Deal Hopes Ease Supply Concerns

Global oil prices dropped sharply on Friday and were set for significant weekly losses as growing optimism surrounding a potential U.S.-Iran peace agreement raised expectations that the Strait of Hormuz could soon reopen,...

US Dollar Heads for Weekly Loss as Iran Peace Deal Hopes Boost Risk Appetite

The U.S. dollar weakened on Friday and remained on track for a weekly decline as growing optimism surrounding a potential peace agreement between the United States and Iran improved global market sentiment and reduced...

Politics

Trump Says U.S.-Iran Deal Could Be Signed Sunday as Tehran Signals More Talks Needed

U.S. President Donald Trump said on Saturday that a peace agreement with Iran is expected to be signed on Sunday, potentially leading to the immediate reopening of the Strait of Hormuz, a critical global oil shipping...

Trump Names James McDonald as New SDNY U.S. Attorney

President Donald Trump announced on Saturday that he intends to appoint James McDonald as the next U.S. Attorney for the Southern District of New York (SDNY), replacing Jay Clayton in one of the nations most influential...

Viktor Orban Re-Elected as Fidesz Leader After Election Defeat

Hungarys former Prime Minister Viktor Orban has been re-elected as leader of the opposition Fidesz party, signaling his determination to remain a key figure in Hungarian politics despite the partys recent election setback....

JCPOA Nuclear Deal Explained as U.S. Nears Potential New Iran Peace Agreement

The United States has indicated that it is close to reaching a new peace agreement that could end the three-month conflict with Iran, although the details of the proposed deal have not yet been disclosed. As discussions...

KMT Chair Cheng Li-wun Defends Taiwan-China Engagement During U.S. Visit

Taiwans main opposition leader, Kuomintang (KMT) Chairwoman Cheng Li-wun, said she used her recent visit to the United States to address what she described as widespread misunderstandings about the partys approach to...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

AI Memory Boom Sparks Global Chip Supply Crunch

The rapid expansion of artificial intelligence (AI) infrastructure is creating a structural shortage in the global memory chip market, according to a recent Morgan Stanley report. The investment bank warns that soaring...

Anthropic Restricts Global Access to AI Models After U.S. Security Review

Anthropic has suspended access to its advanced AI models, Fable 5 and Mythos 5, for users outside the United States following new U.S. export restrictions, according to a Wall Street Journal report. The decision highlights...

SpaceX IPO Set for Explosive Debut as Valuation Tops $2.2 Trillion

SpaceX is poised for one of the most historic stock market debuts ever, with shares expected to open nearly 30% above their initial public offering (IPO) price. According to preliminary Nasdaq data, SpaceX stock (NASDAQ:...

Meta AI Strategy Faces Challenges as Zuckerberg Admits Mistakes in Internal Memo

Meta CEO Mark Zuckerberg has acknowledged that the company has made mistakes during its ongoing artificial intelligence (AI) transformation, according to an internal memo obtained by Reuters. In the memo, Zuckerberg...

Hanmi Semicon Shares Surge After $33 Million SpaceX Investment

South Korean semiconductor equipment maker Hanmi Semiconductor (KS:042700) saw its stock price soar on Friday after announcing a strategic investment in SpaceX, the aerospace company led by Elon Musk. The company revealed...