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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

Safello Exchange Incorporates Apple Pay, Google Pay for Streamlined Cryptocurrency Purchases

Sep 12, 2023 07:07 am UTC| Economy Digital Currency Business

Swedens leading cryptocurrency exchange, Safello, announces the integration of Apple Pay and Google Pay. Following their Worldpay agreement, this development amplifies Safellos pursuit of enhancing the user purchase...

Digital Currency Revolution

Cryptocurrency Scam in Thailand Affects 3,200 Victims, Swindling $27 Million

Sep 12, 2023 04:09 am UTC| Business Investing Digital Currency Economy

Cryptocurrency scam in Thailand ensnares 3,200 individuals, swindling a staggering $27 million. Authorities, aided by global partners, unveil a deceptive investment platform, spotlighting the urgency to protect...

Digital Currency Revolution

Coinbase Clarifies Reports of Ending Services in India Amidst User Concerns

Sep 12, 2023 03:37 am UTC| Business Investing Digital Currency Economy

Coinbase Global Inc. refuted recent claims of discontinuing its entire service in India. Users reportedly received an email suggesting withdrawals, triggering widespread speculation about the platforms future in the...

Digital Currency Revolution

Turkish Crypto Executive Faruk Fatih Ozer Receives Record 11,196-Year Sentence for Massive Investor Fraud

Sep 11, 2023 06:16 am UTC| Law Digital Currency

Faruk Fatih Ozer, founder of Turkeys Thodex cryptocurrency exchange, and his siblings have been sentenced to 11,196 years each for defrauding over 2,000 investors, marking a landmark case in Turkish financial...

Digital Currency Revolution

JPMorgan Explores Blockchain's Potential with Quorum, Builds on Ethereum Foundation

Sep 11, 2023 04:39 am UTC| Economy Digital Currency Business

JPMorgan delves deep into blockchain technology, aiming to transform its payment systems. The banking giant hopes to achieve cost savings, heightened efficiency, and fortified security by harnessing this technology....

Digital Currency Revolution

Binance Halts Support for Polygon NFTs, Sandbox Staking in NFT Marketplace Shift

Sep 11, 2023 03:44 am UTC| Business Investing Digital Currency

Binance discontinues its NFT marketplace support for Polygon Network and The Sandbox staking, emphasizing its shift towards proprietary offerings. Binances NFT marketplace will no longer support the Polygon Network to...

Digital Currency Revolution

Ethereum Co-founder Vitalik Buterin's X Account Hacked: $691,000 in NFTs Stolen

Sep 11, 2023 03:12 am UTC| Business Investing Digital Currency Economy

Vitalik Buterin, Ethereums co-founder, faced a cyberattack when hackers compromised his X account, stealing numerous NFTs. The breach, involving a deceptive link, led many to lose their digital assets. It was reported...

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Economy

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....

Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious

Asian stock markets opened the week lower as investors reduced risk exposure amid thin year-end liquidity, looming central bank decisions, and a packed schedule of delayed economic data releases. Early Monday trading saw...

China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist

Chinas aggressive push to consolidate its vast network of small banks is facing mounting challenges, as many newly merged lenders report falling profits and weakening capital buffers, according to a Reuters review of...

Politics

Special Prosecutor Alleges Yoon Suk Yeol Sought North Korea Provocation to Justify Martial Law

A South Korean special prosecutor has accused former President Yoon Suk Yeol of attempting to provoke North Korea into an armed confrontation as part of an alleged plot to justify the declaration of martial law in December...

Supporters Gather Ahead of Verdict in Jimmy Lai’s Landmark Hong Kong National Security Trial

Supporters of Hong Kong democracy activist and media tycoon Jimmy Lai queued overnight outside the citys High Court on Monday as anticipation grew ahead of the verdict in his landmark national security trial, a case that...

Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership

Korea Zincs board is set to convene on Monday to vote on a major overseas investment plan that could significantly strengthen the supply chain for critical minerals in the United States. According to a source familiar with...

Hong Kong Democratic Party Disbands After Member Vote Amid Security Crackdown

Hong Kongs last major opposition party, the Democratic Party, has voted to disband, marking a significant moment in the citys political history and underscoring the impact of Chinas national security crackdown on liberal...

Ukraine’s NATO Concession Unlikely to Shift Peace Talks, Experts Say

Ukraines recent offer to abandon its long-standing ambition to join NATO is unlikely to have a major impact on ongoing peace talks with Russia, according to several foreign policy and security experts. During discussions...

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

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...

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...