The US is significantly stepping up its commitment to use its nuclear arsenal to defend South Korea, as it seeks to reassure Seoul about the strength of their alliance in the face of threats from North Korea. President Joe Biden and his South Korean counterpart Yoon Suk Yeol are set to announce on Wednesday that
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Javier Milei, a presidential candidate for the next election in Argentina, has presented a dollarization plan to fix the economy of the country if elected. The proposal, which has supporters and detractors, would aim to solve the historic devaluation of the Argentine peso and the 100%+ interannual inflation that Argentina registered in March. Dollarization Surges
Bitcoin (BTC) headed toward $29,000 on April 26 after overnight gains marked a solid rebound. Bitcoin short squeeze risk on the rise Data from Cointelegraph Markets Pro and TradingView showed BTC/USD advancing swiftly during Asia trading to deliver 6.5% upside versus its local lows. The pair had begun its comeback after the April 25 Wall
press release PRESS RELEASE. Golden Gate (GGX) is a novel interchain infrastructure protocol that eliminates Layer 0 communication friction by delivering protocol-agnostic communications and more secure liquidity transfer. Golden Gate mediates interchain communication via the Incentivized Message Delivery Protocol (IMDP), which uses a network of couriers running light clients to deliver messages for efficient cross-chain
European stocks sank at the open on Wednesday as weaker-than-expected earnings from ASM International, the Dutch chip tool manufacturer, reawakened investors fears of a coming economic slowdown. Europe’s region-wide Stoxx 600 and France’s CAC index both fell more than 1.1 per cent in the first hour of trade. ASMI dropped 11.8 per cent in Amsterdam
From being seen as a small “anti-establishment rebellion asset” more than ten years ago, crypto has grown to “become more widespread,” says Sarah Pritchard, an executive director at the United Kingdom’s Financial Conduct Authority (FCA). Pritchard said while the FCA has routinely warned consumers of risks associated with crypto, the watchdog has “always been open
Over 14 years ago, Satoshi Nakamoto unveiled the Bitcoin network to the world, creating the very first triple-entry bookkeeping system known to mankind. This technological wonder, with a current market value of $540 billion, ingeniously integrates encryption and mathematical formulas to fortify its security. In this exploration, we delve into two of the mathematical choices
The crypto community is calling out the hypocrisy of Gary Gensler, the head of the United States securities regulator, after a 2018 video emerged of him stating that cryptocurrencies are on par with commodities or cash and are not securities. The video came from a “Blockchain and Money” class in the Fall Semester of 2018
The world’s largest tech company Apple has quietly removed the Bitcoin (BTC) white paper from the latest beta version of its operating system upgrade. On April 25, the Apple-focused news site 9to5Mac reported the Big Tech firm had removed a test scanner app called Virtual Scanner II in the latest MacOS Ventura 13.4 beta, and
Good morning. On a day when a bunch of huge, important companies reported results for the three months to the end of March — Microsoft, Alphabet, PepsiCo, UPS, McDonald’s — it was the news from First Republic, a bank with a market value of just a few billion dollars, that dominated the headlines. The squeaky
It has been a bruising and chaotic year in the world of Rupert Murdoch. In the past 12 months the 92-year-old billionaire has tried, and failed, to reunite the two halves of his media empire, News Corp and Fox. To save face, he struck a separate deal to sell property listings websites, only to see
Tencent is ramping up overseas investment in gaming assets, seeking to diversify away from China even as Beijing lifts punishing restrictions on the industry. China’s largest listed company by market capitalisation is aiming to invest in or purchase gaming studios after slowing the pace of new investments towards the end of 2022, according to four
The writer is a professor of sociology at Edinburgh university Fierce hostility was the first reaction to the Chicago Board of Trade’s proposal to set up an organised market in stock options in the early 1970s. There were “absolutely unsurmountable obstacles”, said one Securities and Exchange Commission official, according to the Board’s Joe Sullivan, who
When Joe Biden launched his re-election bid with a social media video on Tuesday, the US president left little doubt about who will be by his side as he seeks another four years in the White House. The three-minute clip, narrated by Biden, is full of images of vice-president Kamala Harris: conferring with the president
When a 77-year-old St Petersburg grandmother signed up to painting lessons in 2017, she might have appeared to classmates like just another retiree enjoying a late-life hobby. But just one year later, Violetta Prigozhina had opened her own art gallery, called Colours of Life, in the city’s central Bolshoi Prospekt. Soon she was exhibiting her
European Central Bank (ECB) President Christine Lagarde has warned that the U.S. dollar’s reserve currency status “should no longer be taken for granted.” Acknowledging de-dollarization efforts by various countries, she stressed: “New trade patterns may have ramifications for payments and international currency reserves.” ECB’s Christine Lagarde on De-Dollarization and Alternative Currencies The president of the
Solana (SOL) users will soon be able to interact with the network through an open-source plugin enabled on OpenAI’s artificial intelligence (AI) chatbot ChatGPT. The plugin will allow ChatGPT to check wallet balances, transfer Solana-native tokens and purchase nonfungible tokens (NFTs) when OpenAI makes plugins available, according to an April 25 tweet by Solana Labs,
The price of Bitcoin (BTC) spiked more than 3% in the last 24 hours as fears were sparked of another possible imminent bank failure as First Republic Bank (FRC) shares closed down more than 50% on April 25. According to the Head of Research at Australian crypto education platform Collective Shift, the price of Bitcoin
The shareholder registers of oil companies these days resemble a pack of gerbils fighting under a blanket. There are those who want the companies to cut oil and gas production targets and to do it yesterday, those who want to make as much money as possible right now, and everything in between. BP’s annual general
Former U.S. Secretary of State Hillary Clinton has warned that the U.S. defaulting on its debt obligations could lead to a global financial meltdown. “If Congress keeps flirting with default, calls for dethroning the dollar as the world’s reserve currency will grow much louder,” she stressed. Hillary Clinton on U.S. Debt Default and Dollar Losing
Cathie Wood’s ARK Invest and European crypto investment firm 21Shares are seemingly unperturbed by the cryptocurrency regulatory environment in the United States, again requesting approval for a Bitcoin (BTC)-based financial product. On April 25, the two companies requested that the U.S. Securities and Exchange Commission (SEC) approve the creation of a spot Bitcoin exchange-traded fund