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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

Blockchain: SK Square to invest $1.6B on blockchain, chips

Mar 29, 2022 09:29 am UTC| Business Digital Currency Investing

SK Square, the investment unit of SK Group, is investing 2 trillion won or around $1.6 billion in the blockchain and semiconductor space. It was reported that the funding will be spent over the next three years. The...

Digital Currency Revolution

Tiffany & Co. buys rocket NFT for $380,000

Mar 29, 2022 00:00 am UTC| Digital Currency Investing Business Life Economy

Luxury jewelry retailer Tiffany Co. purchased the Okapi, a Tom Sachs Rocket Factory NFT, for 115 Ethereum, approximately $380,000, thereby entering the non-fungible token (NFT) space. The NFT collection allowed buyers...

Digital Currency Revolution

Liverpool’s NFTs expected to earn over US$11.1 million

Mar 28, 2022 23:59 pm UTC| Sports Digital Currency Investing Economy

English soccer giant Liverpool has launched its first official non-fungible token (NFT) collection dubbed the LFC Heroes Club offering illustrations of 24 Liverpool stars that could bring in over US$11.1...

Digital Currency Revolution

Official Teenage Mutant Ninja Turtles NFTs set to launch soon

Mar 28, 2022 23:59 pm UTC| Digital Currency Investing Business Economy

The official Teenage Mutant Ninja Turtles NFT collection is coming soon, according to a 22-second Twitter video announcement showing the origin of the TMNT with toxic ooze falling into a sewer. The video, which already...

Digital Currency Revolution

Bulgari to release NFTs of its exclusive timepieces

Mar 28, 2022 23:58 pm UTC| Business Economy Digital Currency Investing

Italian luxury brand Bulgari will release an NFT of their exclusive timepieces, combining the pinnacle of physical craftsmanship with a digital proof of ownership to symbolize the culmination of Bulgaris 10th Anniversary...

Digital Currency Revolution

Jacob & Co. launches the Astronomica Metaverso: The world’s First Metaverse Watch

Mar 28, 2022 23:57 pm UTC| Business Economy Digital Currency Investing

Jeweler and luxury watch retailer Jacob Co. launched the worlds first metaverse watch with its latest collection Astronomica Metaverso in partnership with UNXD. Jacob Co. based the collection are inspired by the...

Digital Currency Revolution

Cryptocurrency: Rio de Janeiro to allow crypto tax payments for real estate

Mar 28, 2022 09:52 am UTC| Business Digital Currency Investing

Rio De Janeiro is planning to accept cryptocurrency payments for real estate tax dues starting 2023. Based on the reports, this city in Brazil will allow people to pay using Bitcoin (BTC). The acceptance of Bitcoin as...

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Economy

Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks

Oil prices extended their gains during Asian trading on Thursday as geopolitical tensions involving Venezuela and Russia heightened concerns over global crude supply. Market sentiment was boosted after U.S. President...

Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets

Asian shares fell sharply on Thursday as technology stocks came under renewed pressure, driven by growing investor concerns over heavy artificial intelligence spending and its impact on corporate balance sheets. Market...

Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React

The U.S. dollar remained steady against major global currencies on Thursday as investors positioned themselves ahead of key central bank decisions in the United Kingdom, Europe and Japan. Currency markets showed cautious...

BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited

The Bank of England is widely expected to cut interest rates on Thursday as signs mount that UK inflation is easing and economic growth is weakening. Financial markets anticipate a 25-basis-point reduction, bringing the...

U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data

U.S. stock index futures inched higher on Wednesday evening, supported by blowout earnings and strong guidance from Micron Technology, although broader gains remained limited as investors stayed cautious ahead of key U.S....

Politics

Trump Announces $1,776 Cash Bonus for U.S. Military Personnel Ahead of Christmas

U.S. President Donald Trump announced Wednesday evening that eligible U.S. military personnel will receive a one-time cash payment of $1,776, a move he described as a special warrior dividend timed ahead of Christmas. The...

U.S. House Advances GOP Healthcare Bill as ACA Subsidies Near Expiration

A major U.S. federal healthcare subsidy expanded during the COVID-19 pandemic is set to expire at the end of the year after the House of Representatives narrowly advanced a Republican healthcare bill that does not renew...

U.S. Initiates $11.1 Billion Arms Sale to Taiwan Amid Rising China Tensions

Taiwans defence ministry announced on Thursday that the United States government has formally initiated the congressional notification process for a proposed $11.1 billion arms sale to Taiwan, underscoring Washingtons...

Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies

A union-aligned investment group has urged major U.S. corporations including Amazon, Walmart and Google-parent Alphabet to explain how President Donald Trumps immigration policies are affecting their finances, workforce...

Venezuela Seeks UN Security Council Meeting Over U.S. Oil Tanker Blockade

Venezuela has formally requested an urgent meeting of the United Nations Security Council to address what it described as ongoing U.S. aggression against the country, according to a letter seen by Reuters. The request...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

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...

Technology

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...

OpenAI Explores Massive Funding Round at $750 Billion Valuation

OpenAI, the company behind the widely used AI chatbot ChatGPT, has reportedly entered preliminary discussions with investors about a potential new funding round that could value the company at approximately $750 billion....

Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools

Republican lawmakers are raising alarms over potential U.S. national security risks after a Reuters report revealed that Intel evaluated advanced chipmaking equipment from ACM Research, a company with significant ties to...