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Digital Currency Revolution

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Digital currency or digital money is an Internet-based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership. Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an on-line game or social network. In this series, we cover stories and provide insightful analysis of the digital currencies such as bitcoin with no central point of control over the money supply.

Digital Currency Revolution

Solana Surges 8% as Pantera Capital Eyes $250M Buy from FTX Estate

Mar 07, 2024 15:10 pm UTC| Technology Digital Currency

Solanas value soared over 8% amid news that Pantera Capital plans to buy $250 million worth of Solana tokens from the bankrupt FTXs estate, signaling strong market optimism. In the interim, this upswing coincides with...

Digital Currency Revolution

Altcoins Can Outperform Bitcoin This Crypto Bull Cycle

Mar 07, 2024 07:20 am UTC| Digital Currency

Cosmo Jiang, portfolio manager at Pantera Capital, foresees altcoins surpassing Bitcoin (BTC) by many multiples in the ongoing market cycle. In a recent interview with Yahoo Finance, Jiang elaborated on the firms...

Digital Currency Revolution

Spirit Blockchain Raises $4.5M Funding to Boost Blockchain Technology

Mar 07, 2024 06:45 am UTC| Digital Currency

Spirit Blockchain Capital Inc. (Spirit), a leading player in blockchain investment, announces plans to raise $4.5 million through a new offering to expand its footprint in blockchain and digital economy...

Digital Currency Revolution

Bitcoin Mega Whale Transfers 3,000 BTC from 2010 Wallets as Prices Peak

Mar 07, 2024 05:54 am UTC| Digital Currency

It was recently reported that a significant transaction involving a mega whale who transferred 1,000 BTC from 20 distinct 2010 wallets coincided with the digital currencys peak price of $69,210 per unit. This move...

Digital Currency Revolution

Bitcoin Soars Despite Buffett's 2018 'Rat Poison' Remark, Investors See Record Gains

Mar 07, 2024 05:36 am UTC| Digital Currency

Amidst the tumultuous world of cryptocurrency, characterized by both fervent excitement and uncertain speculation about its future, Warren Buffett, a veteran figure in the investment arena, maintains a steadfast position:...

Digital Currency Revolution

Binance Perfume Launched to Bring Crypto Closer to Women

Mar 07, 2024 03:48 am UTC| Digital Currency

In a bold move to commemorate International Womens Day, Binance, the worlds largest cryptocurrency exchange by volume, has introduced a new fragrance named CRYPTO. Contrary to the companys recent legal entanglements and...

Digital Currency Revolution

CFTC Chair Behnam Urges Congress Further Crypto Regulation Legislations

Mar 07, 2024 02:57 am UTC| Digital Currency

Rostin Behnam, the chair of the Commodity Futures Trading Commission (CFTC), emphasized the pressing need for legislation to provide regulatory clarity in the crypto industry and ensure adequate protection for...

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Economy

Dollar Holds Near Two-Month High as Yen Approaches 160

The U.S. dollar remained near a two-month high on Friday, supported by rising Treasury yields and expectations of additional Federal Reserve rate hikes, while the Japanese yen hovered near the closely watched...

Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets

Gold prices were largely unchanged on Friday but remained headed for a weekly loss of more than 3% as rising U.S. Treasury yields and elevated energy prices strengthened expectations that the Federal Reserve could raise...

Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets

Japanese bank stocks rallied on Friday as surging government bond yields and expectations for further Bank of Japan interest rate hikes strengthened the outlook for lenders profit margins. Shares of Mizuho Financial Group,...

Asian Stocks Fall as Surging Bond Yields Rattle Markets

Asian stocks mostly declined on Friday as a global bond market selloff drove long-term U.S. Treasury yields to multi-year highs, pressuring risk appetite across regional markets. Investors were also assessing the outcome...

Fed Unveils Stablecoin Rules Under GENIUS Act

The Federal Reserve has proposed a broad regulatory framework for payment stablecoin issuers, moving forward with implementation of the GENIUS Act and efforts to bring dollar-backed digital assets further into the...

Politics

Saudi Arabia, Turkey and Pakistan Plan Urgent Defence Talks Over Houthi Attacks

Saudi Arabia, Turkey and Pakistan are preparing an urgent high-level defence meeting to discuss support for the kingdom as Houthi missile and drone attacks intensify across Saudi territory. The talks will be held under the...

Ukrainian Drone Attacks Hit Russian Regions, Injuring at Least 12

A series of Ukrainian drone attacks struck several Russian regions on Friday morning, leaving at least one person dead and more than a dozen injured while damaging industrial sites, homes and vehicles, according to Russian...

Najib Razak Seeks Stay of 15-Year 1MDB Prison Sentence

Former Malaysian Prime Minister Najib Razak has asked a court to suspend a 15-year prison sentence linked to the 1Malaysia Development Berhad (1MDB) corruption scandal, his lawyer said Friday, following a royal pardon in a...

What ‘Taiwan Independence’ Means as Xi Presses Trump on US Policy

Chinese President Xi Jinpings call for President Donald Trump to oppose Taiwan independence has renewed attention on the complicated political and historical status of Taiwan and the differing positions held by Beijing,...

Xi Calls for Deeper U.S.-China AI Cooperation in Trump Talks

Chinese President Xi Jinping called for stronger cooperation with the United States on artificial intelligence during his state visit to Washington, highlighting AI safety and human oversight as potential areas for closer...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

SpaceXAI to Double Nvidia Chips at Colossus 2 by Year-End

Elon Musk said SpaceXAI plans to nearly double the number of advanced Nvidia AI chips operating at its Colossus 2 data center by the end of 2026, significantly expanding the computing power behind its artificial...

SoftBank Shares Fall as Oracle Flags Stargate Data Center Delay Risk

SoftBank Group shares dropped on Friday after Oracle moved to protect itself against possible delays at a major New Mexico data center, adding to investor concerns over the financing and execution risks surrounding the...

Jeff Bezos Invests $32 Billion in Blue Origin as Space Firm Targets Major Growth

Jeff Bezos has invested about $32 billion in Blue Origin since founding the space company in 2000, underscoring the Amazon founders long-term commitment to competing in the rapidly expanding commercial space industry....

OpenAI to Preview GPT-6 Cyber AI Model for Cybersecurity

OpenAI is preparing to preview GPT-6 Cyber, a new artificial intelligence model focused on cybersecurity, within days as the company expands its push into AI-powered security tools, according to a Fortune report cited by...

Former OpenAI Data Center Chief Chris Malone Joins Nvidia

Chris Malone, the former head of data centers at OpenAI, has joined Nvidia as vice president of its DSX Platform, strengthening the chipmakers leadership team as demand for artificial intelligence infrastructure continues...