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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

Metaverse: KT launches Genieverse metaverse platform in beta

Mar 15, 2023 09:01 am UTC| Business Digital Currency Investing

KT Corp. finally rolled out its metaverse platform called the Genieverse this week. The company is planning to add more content in this virtual space, like artificial intelligence (AI) motion dance and AI avatar messages,...

Digital Currency Revolution

NFT: Sesame Street reportedly launching its first NFT collectibles

Mar 14, 2023 09:28 am UTC| Business Digital Currency Investing

Sesame Workshop, which is originally known as the Childrens Television Workshop, is reportedly launching its first NFT collection featuring its popular and best-known educational TV program, Sesame Street. Sesame...

Digital Currency Revolution

Starbucks Odyssey NFTs reselling for $1,500 each after being sold out in just 18 minutes

Mar 13, 2023 23:00 pm UTC| Economy Business Digital Currency Life

Starbucks limited-edition NFTs called Stamps are reselling for over $1,500 each on the Nifty Gateway secondary market after 2,000 were sold out in just 18 minutes. According to the Nifty Gateway platform, the Stamps...

Digital Currency Revolution

The North Face launches 3 NFTs to showcase brand's role to adventurous people

Mar 12, 2023 15:22 pm UTC| Economy Business Life Digital Currency

The North Face is collaborating with creative agency McCann Shanghai to launch three NFTs on Tmall to tap Chinese consumers obsession with being outdoors. The NFTs were designed based on the relevant functions, history,...

Digital Currency Revolution

NFT: Starbucks drops first limited edition NFT collectible via Odyssey web3 loyalty program

Mar 10, 2023 09:15 am UTC| Business Investing Digital Currency

Starbucks Corp. is dropping its first NFTs called the The Siren Collection. This limited-edition premium non-fungible token collectible is set to be released for $100 each. The NFT collection is debuting under the...

Digital Currency Revolution

Cryptocurrency: Silvergate crypto lender collapses, shuts operations

Mar 09, 2023 10:00 am UTC| Business Investing Digital Currency

Silvergate crypto lender announced its plans to shut its operations as the business collapsed following the market meltdown. The California-based bank that mostly deals with cryptocurrency transactions will liquidate as it...

Digital Currency Revolution

NFT: Hermes files new complaint to ask court to stop the sale of MetaBirkin NFTs

Mar 08, 2023 10:36 am UTC| Business Digital Currency Investing

Hermes International S.A. is seeking to stop the sale of the MetaBirkin NFTs since the court has already proved that the digital asset infringed its trademark. The French luxury design house specializing in leather goods,...

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Economy

Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing

Korea Zinc announced plans to invest $7.4 billion to build a large-scale critical minerals refinery in Tennessee, marking the first new U.S.-based zinc refinery since the 1970s. The project, heavily backed by the U.S....

Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets

Asian technology and chipmaking stocks fell sharply on Monday as investor caution intensified over growing uncertainties surrounding artificial intelligence (AI) spending and its impact on future earnings. The sell-off...

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....

Politics

Sydney Bondi Beach Shooting Sparks Calls for Stronger Protection of Jewish Community in Australia

Israels ambassador to Australia has urged the federal government to strengthen protections for Jewish communities following a deadly mass shooting at a Hanukkah festival near Sydneys Bondi Beach. The attack, which occurred...

European Leaders Launch International Claims Commission to Compensate Ukraine for War Damage

European leaders, including Ukrainian President Volodymyr Zelenskiy, are gathering in The Hague to launch a new International Claims Commission aimed at compensating Ukraine for hundreds of billions of dollars in damage...

U.S. and Mexico Reach New Agreement to Tackle Tijuana River Sewage Crisis

The United States and Mexico have signed a new bilateral agreement aimed at addressing the long-standing Tijuana River sewage crisis, according to a statement released Monday by the U.S. Environmental Protection Agency...

Ukraine Claims First-Ever Underwater Drone Strike on Russian Missile Submarine

Ukraine said on Monday that it successfully struck and disabled a Russian missile-carrying submarine at a Black Sea naval base using underwater sea drones, marking what Kyiv described as a historic first in naval warfare....

Jimmy Lai Convicted Under Hong Kong National Security Law in Landmark Case

Hong Kongs High Court has found media tycoon and pro-democracy figure Jimmy Lai guilty of conspiracy to collude with foreign forces, marking the most significant conviction yet under the China-imposed national security...

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

iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures

iRobot, the company behind the popular Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection in the United States as it prepares to go private through an acquisition by Picea Robotics, its primary...

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...