China Is World’s First Country With Digital Currency

China’s leadership in the digital currency space is turning a larger spotlight on U.S. initiatives, but similar efforts stateside aren’t likely any time soon. With its entry into the still-sparsely populated world of central bank digital currency, China takes a society that already leans heavily on electronic payments and mainstreams it. This also gives the…

Iron Ore Giant Fortescue Bets On Green Hydrogen In Zero Carbon Push

Fortescue Metals Group, an iron ore heavyweight supporting carbon-intensive steelmaking, has dived into the green hydrogen business in a mad dash to achieve carbon neutrality by 2030. The world’s No. 4 iron ore producer plans to start making “zero-emission” hydrogen using renewable energy as early as 2023 for export to Japan and other energy-hungry economies….

The Crypto Council for Innovation Launched With Coinbase, Fidelity and Square

Soon-to-be public crypto exchange operator Coinbase, fund giant Fidelity, and fintech stalwart Square are among the companies behind the new Crypto Council for Innovation – an organization aimed at giving companies with cryptocurrency exposure a say in how the asset class is regulated. The Crypto Council for Innovation (CCI) was created by San Francisco-based investment…

Blockchain Forensics Startup Chainalysis Raises $100 Million At $2 Billion Valuation

New York-based Chainalysis, a startup that allows companies and government agencies to analyse and investigate blockchain transactions, said on Friday it had raised $100 million from investors at a valuation of more than $2 billion. The round was led by investment firm Paradigm, with participation from existing backers Addition, Ribbit and TIME Ventures, Chainalysis said….

MediaTek Beat Qualcomm As 2020’s Biggest Smartphone Chipset Vendor

Almost mirroring the old Intel and AMD rivalry, Qualcomm and MediaTek have traditionally been at it since the smartphone market exploded years ago. MediaTek was regarded as having more affordable options, though often with inferior performance. To its credit, it has been improving both in performance and features and it seems that its investments have…

Editing A Person’s Brain Cells To Curb The Opioid Epidemic

Even as the COVID-19 pandemic cripples the economy and kills hundreds of people each day, there is another epidemic that continues to kill tens of thousands of people each year through opioid drug overdose. Opioid analgesic drugs, like morphine and oxycodone, are the classic double-edged swords. They are the very best drugs to stop severe…

PayPal Acquires Curv To Further Its Push Into Cryptocurrencies

PayPal Holdings Inc. said it will acquire the cryptocurrency firm Curv as it seeks to beef up its talent pool for handling digital currencies. PayPal, which didn’t disclose financial terms of the deal, has been building out a new unit dedicated to furthering its efforts in cryptocurrencies after it began allowing consumers to buy, sell…

Norway’s $6 Billion Company Aker Establishes Bitcoin Unit Seetee

Aker ASA, an Oslo-based $6 billion public company, announced today that it has established a dedicated unit to invest in Bitcoin. The newly established entity, Seetee will actively partner with other companies working in the Bitcoin ecosystem. According to the official press release, Seetee is initially capitalized with NOK 500 million ($58 million). Aker ASA…

SpaceX Rockets Another 60 Satellites Into Orbit

On Sunday morning, a SpaceX Falcon 9 rocket successfully took to the skies from NASA’s Kennedy Space Center in Florida carrying with it another 60 Starlink satellites. The two-stage rocket described by SpaceX as “the first orbital-class rocket capable of reflight’ has been making frequent trips shuttling Starlink satellites into low orbit as SpaceX founder…

Morgan Stanley To Offer Bitcoin Funds Access To Wealthy Clients

Morgan Stanley will offer its wealth management clients access to bitcoin funds, becoming the first major US bank to make such a move. In an internal memo on March 17, Morgan Stanley told its financial advisors it will allow access to three funds that enable ownership of Bitcoin, CNBC reported. The move could potentially help…

Drone Startup Skydio Hits $1 Billion Valuation

Skydio, a drone startup cofounded by former MIT and Google unmanned aircraft scientists, has become the latest member of the unicorn club of $1 billion-valued businesses. It comes after a $170 million Series D round led by Andreessen Horowitz, taking the company’s total funding to $340 million. Based in Redwood City, California, Skydio has built…