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David Sacks backs stablecoins to boost US dollar dominance
Feb 06,2025
Trump's crypto czar, David Sacks, has argued that stablecoins could help maintain US dollar dominance, just as lawmakers push for clearer regulations in the sector. His statement came after Senator Bill Hagerty introduced the GENIUS Act, a bill aimed...
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Japanese firm SKY Perfect JSAT plans $230 million investment in satellites
Feb 06,2025
SKY Perfect JSAT plans to invest approximately$230 million in a new satellite constellation. The project will utilise Pelican satellites from US-based Planet Labs and will be managed through the company's American subsidiary. The investment marks JSA...
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Coinbase secures UK approval to expand crypto services
Feb 06,2025
Coinbase has secured approval from the UK's Financial Conduct Authority (FCA) to operate as a Virtual Asset Service Provider. The milestone allows the exchange to offer both crypto and fiat services in one of its largest international markets, reinfo...
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Senator Hagerty pushes new stablecoin bill for clearer US crypto rules
Feb 06,2025
Senator Bill Hagerty is set to introduce the GENIUS Act, a bill aimed at creating a clear regulatory framework for stablecoins in the US. The legislation is co-sponsored by Senators Kirsten Gillibrand, Tim Scott, and Cynthia Lummis, with a focus on e...
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Coinbase pushes for clearer crypto banking rules
Feb 06,2025
Coinbase is calling on US regulators to remove barriers preventing banks from offering crypto services, urging them to confirm that state-chartered banks can provide and outsource crypto custody and execution. The exchange sent letters to key regulat...
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US lawmakers form working group to shape crypto policy
Feb 06,2025
A bipartisan working group is being established in Congress to develop policies supporting digital assets. Representative French Hill announced the initiative, emphasising the need for clear regulatory guidelines. The group will work alongside White ...
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Gas turbine demand remains strong despite AI market concerns
Feb 05,2025
Mitsubishi Heavy Industries expects continued strong demand for gas turbines, even as concerns rise over AI-driven energy efficiency. Chief financial officer Hisato Kozawa dismissed fears that Chinese AI model DeepSeek could reduce power consumption,...
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Trump signs order for US sovereign wealth fund with potential TikTok purchase
Feb 05,2025
President Donald Trump has signed an executive order directing the creation of a US sovereign wealth fund within a year. The order tasks the Treasury and Commerce Departments with presenting a detailed plan within 90 days, outlining funding sources, ...
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Trump administration unveils crypto regulation plans
Feb 05,2025
The Trump administration is preparing to accelerate digital asset regulation, with White House crypto czar David Sacks set to lead a press conference alongside key Conservative lawmakers. The event, scheduled for Tuesday, will outline plans to establ...
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Vietnam plans legal framework for digital assets
Feb 04,2025
Vietnam is taking steps to regulate digital assets as the country faces rising crypto-related fraud. The proposed framework aims to reduce scams and provide legal clarity, addressing concerns about Vietnam's "policy grey zones" that allow criminals t...
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AI model improves speed and accuracy of heart MRI analysis
Jul 12,2024
Researchers from the Universities of East Anglia, Sheffield, and Leeds have developed an AI model to examine heart images from MRI scans. The model uses a four-chamber plane view to quickly and accurately determine the size and function of the heart'...
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Chinese e-commerce struggles amid economic slowdown
Jul 12,2024
Chinese e-commerce faces survival challenges amidst slowing growth and increasing price pressures as platforms vie for cost-conscious consumers with aggressive sales tactics. The once-booming sector, characterised by extravagant shopping events, is n...
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