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De-Dollarization Faces Mounting Hurdles Amid Global Push

De-dollarization faces significant barriers due to the strong global presence of the U.S. dollar.Switching away from the dollar requires substantial government spending, including rewriting...

Elon Musk Taps Ex-Morgan Stanley Banker Armstrong as xAI CFO Amid Churn

Anthony Armstrong has been named chief financial officer of xAI, Elon Musk's Artificial Intelligence company. Armstrong previously served as a banker at Morgan Stanley and...

India to Launch RBI-Backed Digital Currency, Clamps Down on Crypto

India will launch a digital currency guaranteed by the Reserve Bank of India (RBI). The government will continue to tax unbacked cryptocurrencies heavily instead of...

Democrats’ Push on Obamacare Subsidies Stalls Funding Deal

U.S. government shutdown enters its sixth day after lawmakers fail to reach a funding agreement. The main dispute centers on extending funding for Obamacare subsidies,...

Bitcoin Soars Past $126,000 Amid US Dollar Woes and ETF Demand

Bitcoin exceeded $126,000 for the first time ever on October 6. Institutional investment and demand for Bitcoin exchange-traded funds (ETFs) have surged. The start of a...

Bitcoin Hits $126K, Propelling Miners’ Stocks to Double-Digit Gains

Bitcoin surge drove double-digit gains for crypto mining stocks and treasury firms on Monday.Argo Blockchain led growth with a 96% rise on the London...

Standard Chartered: $1T May Shift From EM Banks to Stablecoins by 2027

Up to $1 trillion could transfer from emerging-market banks to stablecoins in the next three years, according to Standard Chartered. About two-thirds of the current...

Uptober: Bitcoin Hits New Highs, Altcoins Rally Amid Bull Cycle

Bitcoin reached a new record high of about $126,200 on Monday, continuing its upward trend for October.Ethereum and major altcoins, including Dogecoin and BNB,...

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ShinyHunters Exploit Oracle Zero-Day, Hit Universities

The ShinyHunters cybercrime group exploited a critical zero-day flaw in Oracle PeopleSoft to steal data from enterprise systems.The vulnerability,...

OpenAI Mulls AI Price Cuts Amid IPO Race, Tokenmaxxing Boom

OpenAI is contemplating significant price cuts for its AI tokens in anticipation of a pricing war with rival Anthropic,...

NIO’s Onvo L60 SUV priced from $26,700, undercuts Tesla

The new Onvo L60 starts at RMB 192,800 ($26,600), undercutting the Tesla Model Y's starting price of RMB 263,500...

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Cypherpunk Shares Soar 97% as Zcash Defies Crypto Market Drop

ZCash (ZEC), the primary digital asset held by Cypherpunk...

Ethereum already burned more than 8 Billion USD since EIP-1559

In August 2021, Ethereum underwent the London hard fork....