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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

UPbit Accidentally Sells Counterfeit Cryptocurrencies Due to Identification Error

Sep 27, 2023 10:32 am UTC| Business Digital Currency Investing Economy

South Korean UPbit Exchange inadvertently traded counterfeit cryptocurrencies valued at $14,800. The fake digital assets were initially mistaken for genuine, causing unintended transactions. Immediate actions were taken...

Digital Currency Revolution

Microsoft’s Unintentional Leak Reveals Cryptocurrency Wallet Integration Plans for Xbox Consoles

Sep 27, 2023 07:02 am UTC| Business Economy Technology

Microsoft inadvertently revealed plans for Xbox crypto wallet integration through leaked documents, eliciting reactions from both the gaming and crypto communities. The companys top executives express regret over the...

Digital Currency Revolution

Binance Faces Turmoil Amidst US Regulatory Squeeze; WSJ Reports Senior Executives Exit, Market Share Slips

Sep 27, 2023 06:39 am UTC| Economy Digital Currency Business Investing

Binance navigates stormy seas as U.S. agencies eye enforcement actions, WSJ reveals. Departing executives and sliding market share underline the crypto giants unprecedented challenges and uncertain future. Under the...

Digital Currency Revolution

Shanghai Court Officially Recognizes Bitcoin as Unique Digital Asset

Sep 27, 2023 05:48 am UTC| Economy Law Digital Currency Business

Shanghai No.2 Intermediate Peoples Court officially recognizes Bitcoin as a distinctive digital asset, highlighting its unmatchable value. This pivotal acknowledgment contrasts the Chinese governments current...

Digital Currency Revolution

Mitsubishi UFJ Trust Bank Teams Up with Binance Japan for New Stablecoin Venture

Sep 26, 2023 09:02 am UTC| Economy Digital Currency Business

Mitsubishi UFJ Trust Bank collaborates with Binance Japan and Progmat on a stablecoin initiative, leveraging Progmat Coin infrastructure. Anticipated stablecoin issuance follows the amended Fund Settlement Acts June 2023...

Digital Currency Revolution

Hong Kong’s Mixin Crypto Firm Lost $200M in Largest Hacking Incident This Year

Sep 26, 2023 04:55 am UTC| Business Digital Currency Investing

Mixin Network has been hacked and has lost about $200 million of crypto assets. The crypto firm suspended deposits and withdrawals from its platform following the security breach. Mixin Network said it will resume its...

Digital Currency Revolution

Coinbase Obtains AML Compliance from Bank of Spain Amid Crypto Surge in Country

Sep 25, 2023 11:18 am UTC| Economy Digital Currency Business

Cryptocurrency giant Coinbase secures an Anti-Money Laundering registration from Spains central bank, reinforcing its commitment to European expansion amidst Spains growing affinity for digital currencies. With this...

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Economy

Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly

Federal Reserve Bank of San Francisco President Mary Daly said she supported cutting interest rates at this weeks Federal Open Market Committee (FOMC) meeting, highlighting the central banks effort to carefully balance...

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...

Politics

Bolivia Orders Pre-Trial Detention of Former President Luis Arce Over Embezzlement Probe

A Bolivian judge has ordered former President Luis Arce to be held in pre-trial detention for five months as authorities intensify an investigation into alleged embezzlement and economic misconduct linked to his time in...

Colombia’s Clan del Golfo Peace Talks Signal Mandatory Prison Sentences for Top Leaders

Colombias government has confirmed that senior leaders of the Clan del Golfo, the countrys largest illegal armed group, would serve prison time under any potential peace agreement, marking a significant shift from past...

U.S. Special Forces Intercept Ship Carrying Military Components Bound for Iran

A U.S. special operations team operating in the Indian Ocean recently carried out a high-risk maritime raid that resulted in the seizure of military-related components from a vessel traveling from China to Iran, according...

U.S. Lifts Sanctions on Brazilian Supreme Court Justice Amid Shift in Brazil Relations

The United States has officially lifted sanctions on Brazilian Supreme Court Justice Alexandre de Moraes, signaling a notable shift in U.S.Brazil relations under President Donald Trump. The decision, announced Friday by...

International Stabilization Force for Gaza Nears Deployment as U.S.-Led Planning Advances

International troops could be deployed to the Gaza Strip as early as next month as part of a United Nationsauthorized International Stabilization Force (ISF), according to U.S. officials cited by Reuters. The proposed...

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...