ATF Contributor

ATF Contributor


Shell launches major cost-cutting drive to prepare for energy transition

Shell launches major cost-cutting drive to prepare for energy transition

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters.Shell's new cost-cutting review, known internally as Project ...

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Crypto scammers target Indian PM’s Twitter account

Crypto scammers target Indian PM’s Twitter account

The Twitter account of Indian Prime Minister Narendra Modi has been hacked, the social media giant confirmed Thursday.Tweets were sent from the prime minister’s feed asking for charitable donations using a cryptocurrency, but have since been taken down.“We’re aware of this activity and have taken steps to secure the compromised ...

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DeFi cryptos gain serious traction

DeFi cryptos gain serious traction

Decentralised finance (DeFi) projects have been gaining some serious market traction over the past few months, collectively reaching a value of $9.02 billion.Aave continues to be the largest DeFi project, with $1.71bn locked in, followed by MakerDAO with $1.43bn, Balancer at $1.36bn, Curve Finance at $1.26bn, yearn.finance at $953.6 million ...

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Police seize Korean crypto exchange

Police seize Korean crypto exchange

South Korea’s third-largest cryptocurrency exchange has been seized by police following fraud allegations, according to Cointelegraph, which cited a report by the Seoul Shinmun. Police allege that 99% of Coinbit’s transaction volume was faked through wash trading.The Seoul Metropolitan Police raided and confiscated a number of properties, including Coinbit’s headquarters ...

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China sees blockchain as social services tool

China sees blockchain as social services tool

The Chinese Communist Party has identified blockchain as a key tool for reforming and improving the country’s social services, Cointelegraph reports.On August 25, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued guidance on innovation for regional ...

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US president’s ultimate challenge: stable relations with China

US president’s ultimate challenge: stable relations with China

How to handle China and how to maintain America’s position ahead of its economic rival in the global pecking order is a major issue in the 2020 US presidential election. Both candidates – the incumbent Republican Donald Trump and the presumptive Democratic candidate Joe Biden – are united in their ...

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The story of Kingsoft, a ‘Chinese Microsoft’

The story of Kingsoft, a ‘Chinese Microsoft’

In the early years, the software industry’s prosperity relied on the penetration rate of personal computers (PCs). While Apple started to sell PCs in the United States during the 1970s, PCs only appeared almost a decade later in China. Prior to the 1980s, there was no software development for PCs ...

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