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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

Bitcoin Mining Turns to Coal Ash: Environmental Concerns Rise as Energy Demands Soar

Aug 28, 2023 08:31 am UTC| Economy Nature Digital Currency Business

Like Pennsylvanias publicly traded Stronghold, Bitcoin mining companies increasingly tap into coal ash for energy, sparking concerns over environmental repercussions. As Bitcoins carbon footprint grows, the debate on...

Digital Currency Revolution

Bitcoin Transaction Fees Plunge by 15% Amid Stagnating On-Chain Activity

Aug 28, 2023 03:23 am UTC| Economy Digital Currency Business

Bitcoins transaction fees plummeted over 15% to $3.3 million, reflecting a decrease in on-chain activity to levels last seen before its 2021 peak, as per IntoTheBlock. Is the market stagnating or bracing for imminent...

Digital Currency Revolution

Western Union Ventures into Cryptocurrency with Ripple's Blockchain Technology

Aug 28, 2023 02:36 am UTC| Economy Fintech Business Digital Currency

Western Union, the global money transfer leader, is delving into cryptocurrencies by collaborating with Ripple to integrate its XRP technology, aiming for swifter, cost-efficient transactions. During an analyst...

Digital Currency Revolution

Coinbase Engages with Canada's Major Banks Amid US Regulatory Pressure

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

U.S.-based Coinbase, navigating regulatory uncertainties at home, collaborates with Canadas banking giants, promoting support for the expanding crypto ecosystem in the region. Lucas Matheson, the director of Coinbases...

Digital Currency Revolution

Ronaldinho Faces Possible Imprisonment Over Cryptocurrency Scam Allegations

Aug 25, 2023 10:22 am UTC| Economy Sports Digital Currency Law Business

Renowned Brazilian footballer, Ronaldinho, may be imprisoned if he fails to appear before the Brazilian Chamber of Deputies, regarding allegations of a cryptocurrency pyramid scheme linked to one of his...

Digital Currency Revolution

Mastercard, Visa Terminate Partnership Deal with Binance

Aug 25, 2023 10:06 am UTC| Business Digital Currency Investing

Mastercard Inc. and Visa Inc. are two of the leading credit card providers in the world. They are used globally, and with the emergence of cryptocurrency, they have teamed up with Binance to provide crypto services to...

Digital Currency Revolution

Crypto Whales Bolster Bitcoin amid Market Turbulence; BTC Peaks at $26,800

Aug 25, 2023 07:58 am UTC| Economy Digital Currency Business

In the last 24 hours, the crypto market has experienced renewed optimism, driven by high-net-worth investors amassing Bitcoin. Data indicates significant accumulation among whale and shark addresses despite recent market...

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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...