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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

CME Climbs Ranks in Bitcoin Futures Amid Market Optimism, Nabs Second Spot

Oct 31, 2023 04:47 am UTC| Business Digital Currency

The Chicago Mercantile Exchange (CME) is swiftly ascending the list of largest bitcoin (BTC) futures and perpetual futures exchanges. With notional open interest at $3.54 billion, the CME now claims the second-highest...

Digital Currency Revolution

Standard Chartered's Zodia Custody Expands Crypto Services to Hong Kong

Oct 30, 2023 07:40 am UTC| Business Digital Currency Investing

Standard Chartereds crypto security unit, Zodia Custody Limited, is coming to Hong Kong. The institutional cryptocurrency custodian firm is launching its services in the region Zodia said has a market where the demand for...

Digital Currency Revolution

Brazil Embraces Tether: Stablecoin Tops Crypto Transactions, Dwarfing Bitcoin

Oct 30, 2023 06:34 am UTC| Business Digital Currency

Data from Brazils revenue service agency reveals that stablecoin Tether (USDT) has remarkably surged in adoption, now accounting for a staggering 80% of all cryptocurrency transactions in the country. This milestone...

Digital Currency Revolution

Animoca Brands Acquires Azarus Web3 Streaming Platform to Fortify Metaverse Gaming

Oct 30, 2023 04:53 am UTC| Business Digital Currency Investing

Animoca Brands Corporation Ltd. acquired Azarus to give its metaverse gaming unit the boost it needs. The latter is a Web3 streaming platform that is also known to be a pioneer in blockchain-based game...

Digital Currency Revolution

Kraken Halts Transactions as It Delist USDT, DAI, WBTC, WETH, WAXL Stablecoins in Canada

Oct 28, 2023 05:15 am UTC| Business Digital Currency Investing

Kraken, a US-based cryptocurrency exchange, is reportedly delisting US Dollar Tether (USDT), DAI, Wrapped Bitcoin (WBTC), Wrapped Ether (WETH), and Wrapped Axelar (WAXL) stablecoins. With this move, the company is stating...

Digital Currency Revolution

Yuga Labs Set to Get $1.5M After Court Ordered Artists to Pay for Bored Ape Trademark Infringement

Oct 27, 2023 11:13 am UTC| Business Digital Currency Investing

Yuga Labs revealed it has won in the trademark infringement case involving its Bored Apes Yacht Club (BAYC) NFTs. The blockchain technology company that makes NFTs and digital collectibles is home to popular non-fungible...

Digital Currency Revolution

Avante Art Offers CryptoPunks NFT Holders Physical Copies of Their Digital Art

Oct 27, 2023 08:26 am UTC| Business Digital Currency Investing

Holders of CryptoPunks NFTs are given a chance to get the physical versions of their non-fungible tokens, but the offer is valid for 48 hours only. This offer comes as part of the partnership between Yuga Labs, which owns...

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Economy

Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only

Ireland has clarified that its proposed legislation to curb trade with Israeli settlements in the occupied West Bank will apply strictly to goods, not services, according to a senior minister speaking to Reuters. The...

Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook

Gold prices edged slightly lower in Asian trading on Friday after posting strong gains earlier in the week, as dovish signals from the U.S. Federal Reserve continued to support precious metals markets. Despite the minor...

Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal

Indonesia expects to finalize its tariff negotiations with the United States by the end of the year, signaling continued momentum in bilateral trade relations despite reports of growing tensions. The announcement was made...

Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook

Most Asian currencies traded in a narrow range on Friday as investors digested the U.S. Federal Reserves latest interest rate decision and assessed the outlook for monetary policy next year. While regional foreign exchange...

Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals

U.S. stock futures edged lower on Thursday evening as renewed pressure on technology and artificial intelligence stocks overshadowed optimism surrounding a more accommodative Federal Reserve. The pullback was driven...

Politics

Trump Claims Thailand-Cambodia Ceasefire After Intense Border Clashes

U.S. President Donald Trump said Thailand and Cambodia have agreed to cease all shooting effective Friday evening, following direct calls with the leaders of both countries, as he sought to revive a fragile ceasefire amid...

Brazil Arrests Former Peruvian Foreign Minister Augusto Blacker Miller in International Fraud Case

Brazils federal police have arrested former Peruvian Foreign Affairs Minister Augusto Blacker Miller in Rio de Janeiro, marking a significant development in a long-running international fraud case that has spanned multiple...

Ukraine, US and Europe Seek Unified Peace Framework With Security Guarantees for Kyiv

Ukraine, the United States, and major European powers are continuing intensive diplomatic efforts to establish a unified position on a potential peace deal with Russia, according to a French presidency official speaking on...

Democrats Face Uphill Battle in Midterm Elections Despite Recent Victories, Reuters/Ipsos Poll Shows

Recent Democratic election wins have fueled optimism that the party could reclaim one or even both chambers of the U.S. Congress in next years midterm elections. However, a new Reuters/Ipsos poll suggests that this...

Trump Claims Pardon for Tina Peters Despite No Legal Authority

U.S. President Donald Trump said Thursday that he is pardoning Tina Peters, a former Colorado county clerk convicted of tampering with voting machines following the 2020 presidential election, even though he has no legal...

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

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...

Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform

Atlassian Corps popular work management software Trello experienced a service disruption on Friday, leaving a number of users unable to access the platform. The outage was flagged by internet monitoring service...

Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns

Intel has tested advanced chipmaking equipment this year from ACM Research, a semiconductor toolmaker with deep operational ties to China, according to sources familiar with the matter. The move has drawn scrutiny because...

Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO

Moore Threads Technology Co Ltd (SS:688795), a Chinese graphics chipmaker often described as Chinas potential rival to NVIDIA Corporation (NASDAQ:NVDA), saw its share price fall sharply on Friday after the company issued a...

Trump Signs Executive Order to Establish National AI Regulation Standard

U.S. President Donald Trump on Thursday signed a sweeping executive order aimed at creating a unified national framework for regulating artificial intelligence, marking a significant shift in how AI governance is handled...