New research challenges the security of the ledger technology blockchain software runs on, raising concern about its uses, from cryptocurrency spending and trading to electronic voting. Commissioned by the Defense Advanced Research Projects Agency, researchers reviewed the features and vulnerabilities of distributed ledger technologies to gauge if the software is truly decentralized, or free from […]
More cryptocurrency usage could be flooding political campaigns, according to a recent CNBC report. A new platform called Engage Raise will allow federal candidates to raise campaign funds via cryptocurrencies. “Candidates can use our platform to connect with the crypto and blockchain community via fundraising, events, and messaging,” Martin Dobelle, CEO of Engage Labs, the parent […]
U.S. stock index futures fell early Wednesday after the major averages jumped in regular trading hours, attempting to claw back some losses following weeks of selling. Futures contracts tied to the Dow Jones Industrial Average fell 420 points or 1.4%, while S&P 500 futures declined 1.6%. Nasdaq 100 futures fell 1.8%. The Dow on Tuesday […]
LONDON — U.K. inflation hit 9.1% year-on-year in May as soaring food and energy prices continue to deepen the country’s cost-of-living crisis. The 9.1% rise in the consumer price index, released Wednesday, was in line with expectations from economists in a Reuters poll and slightly higher than the 9% increase recorded in April. Consumer prices […]
Qatar National Bank (QNB) is broadening access to its open banking platform, opening it up to the bank’s customers, partners and the country’s fintechs Qatar National Bank (QNB) has announced the launch of its Open Banking platform for a wider audience including the Bank’s customers, partners and emerging fintechs in Qatar. Recognised as the largest financial […]
Russian banks were prohibited from the SWIFT framework last February because of approvals forced by Western nations in light of the Russian-Ukrainian conflict. From that point forward, Moscow has been attempting to look for an option monetary installment framework to SWIFT to safeguard its unfamiliar exchange exchanges. The computerized arrangement of worldwide installments will permit […]
The average price for a gallon of regular gasoline slipped again on Monday remaining below the $5 threshold for a third day. Gas reached $5 a gallon more than a week ago. The price declined by a fraction to $4.981, according to AAA. The price on Sunday fell below the $5 threshold at $4.983. Diesel […]
JetBlue Airways said Monday it had boosted its takeover offer for Spirit Airlines to $33.50 as it works to convince the ultra-low cost carrier to accept its offer over rival Frontier Airlines’ proposal. Spirit said last week it was in talks with JetBlue over its offer and expected to decide on the proposal by June […]
SINGAPORE — Asia-Pacific markets were mostly buoyant on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank says inflation will peak by the end of the year. Japanese stocks led gains, with the Nikkei 225 trading 2.1% higher while the Topix also rose by around 2%. Taiwan’s Taiex index also […]
LONDON — European stocks were cautiously higher on Monday after a tumultuous trading week last week. The pan-European Stoxx 600 gained 0.3% by mid-morning after an uncertain start, with construction and material stocks shedding 2% while retail stocks added 1.7%. The tepid trade for Europe on Monday came after a turbulent week of trading on […]
On Friday, TikTok announced that it had started routing American users’ data to US-based servers owned by Oracle. But a timely report from BuzzFeed News calls into question what TikTok’s promise really delivers, claiming TikTok employees based in China have “repeatedly” accessed US users’ data over the course of at least several months. In recordings […]
One week ago, as cryptocurrency prices plummeted, Celsius Network – an experimental cryptocurrency bank with more than one million customers that has emerged as a leader in the murky world of decentralized finance, or DeFi – announced it was freezing withdrawals “due to extreme market conditions”. Earlier this past week, Bitcoin dropped 15% over 24 […]
