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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

FxWirePro: BTC/USD consolidates inside Ichimoku cloud, bias bearish

Aug 10, 2018 07:28 am UTC| Digital Currency Technicals

(Refer BTC/USD chart on Trading View) BTC/USD recovered from the lows of 6121 levels and closed at 6543 levels on Thursday. The pairs upside remains capped by 5-DMA and it is now trading in the red at 6438 levels at...

Digital Currency Revolution

Crytpo asset exchange ShapeShift acquires Bitfract

Aug 09, 2018 11:15 am UTC| Digital Currency

Digital asset exchange ShapeShift has acquired Bitfract, an Austin-based software firm, as part of its efforts to expand its offerings. Bitfract is the creator of a tool that enables users to trade bitcoin into dozens...

Digital Currency Revolution

FxWirePro: ETH/USD hovers around 1w 90-EMA, bias bearish

Aug 09, 2018 10:38 am UTC| Digital Currency Technicals

(Refer ETH/USD chart on Trading View) ETH/USD dropped to 347 levels on Wednesday before closing at 355 levels (Coinbase). The pair is currently trading in a narrow range around 360 levels at the time of...

Digital Currency Revolution

New research highlights two factors that can predict cryptocurrency returns

Aug 09, 2018 09:39 am UTC| Digital Currency

A new study, published by the National Bureau of Economic Research, has stated that the cryptocurrency returns can be predicted by factors which are specific to crypto markets. The study, authored by Yale economist Aleh...

Digital Currency Revolution

FxWirePro: BTC/USD upside capped by 5-DMA, likely to re-test 6000

Aug 09, 2018 07:22 am UTC| Digital Currency Technicals

(Refer BTC/USD chart on Trading View) BTC/USD failed to hold cloud support and plunged to 6121 levels on Wednesday before closing at 6283 levels. The pair is currently trading just shy of cloud bottom at 6346 levels...

Initial Coin Offering Series

Digital Currency Revolution

Interest to apply for ICO and digital asset exchange licenses surges in Thailand

Aug 09, 2018 05:36 am UTC| Digital Currency

The number of projects interested in applying for licenses to conduct initial coin offerings (ICOs) and to operate digital asset exchanges has surged after the digital asset licensing went into effect in Thailand, the...

Digital Currency Revolution

Havven to launch stablecoin nUSD on EOS blockchain

Aug 09, 2018 03:44 am UTC| Digital Currency

Havven, a blockchain startup headquartered in Sydney, has announced its plans to launch its stablecoin, nUSD, on the EOSIO blockchain. nUSD was launched in June 2018 and has been live on Ethereum. The company said the...

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Economy

European Stocks Flat as Oil Prices Rise, US CPI in Focus

European stocks were little changed on Monday, holding close to record highs as rising crude oil prices and continued uncertainty over Middle East shipping routes offset optimism following last weeks strong market rally....

S&P 500, Nasdaq Futures Rise as Iran Risks and CPI Loom

U.S. stock futures edged higher Monday as investors weighed escalating tensions surrounding Iran and the Strait of Hormuz while preparing for crucial U.S. inflation data later this week. SP 500 futures gained about 0.1%,...

Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises

Goldman Sachs expects corporate demand for U.S. equities to remain stronger than new share supply this year, despite a significant recovery in follow-on equity issuance driven partly by artificial intelligence investment....

South Korean Won Leads Asian FX Losses as Dollar Rises

The South Korean won led declines across Asian currencies on Monday as the U.S. dollar strengthened, while the Japanese yen retreated after giving up some of its intervention-driven gains. The U.S. Dollar Index rose 0.18%...

Oil Prices Rise as Hormuz Reopening Remains Uncertain

Oil prices climbed on Monday as uncertainty over the reopening of the Strait of Hormuz continued to support the market, despite Iran and Oman moving closer to an agreement on new shipping routes through the strategic...

Politics

South Korea, US Set Major Military Drills for August

South Korea and the United States will hold their annual Ulchi Freedom Shield (UFS) military drills from August 17 to 27, with this years exercises placing greater emphasis on countering drones, GPS interference and...

US ‘Digging In’ Across Indo-Pacific, Pentagon Official Says

The United States remains firmly committed to the Indo-Pacific and has no plans to withdraw from Asia, a senior Pentagon official said Monday, while urging regional allies to take greater responsibility for their own...

Myanmar Rejects ASEAN Special Envoy, Challenges Regional Peace Plan

Myanmars military-backed government has rejected the continued role of ASEANs special envoy, deepening tensions with the regional bloc as Thailand pushes for Myanmar to fully re-engage with Southeast Asian nations....

Houthi Attack on Yemen’s Mocha Port Kills Seven, Injures 30

Seven people were killed and 30 others wounded after Houthi forces launched a large-scale drone and missile attack on Yemens Red Sea port city of Mocha, according to the Yemeni military. In a statement issued early Monday,...

Germany Warns of Daily Hybrid Warfare Threats

Germany is facing foreign hybrid warfare operations on a daily basis, Interior Minister Alexander Dobrindt has warned after authorities discovered an explosive-carrying drone at Leipzig/Halle Airport. Dobrindt said hostile...

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

Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch

Apple Inc. (NASDAQ: AAPL) is reportedly testing memory chips from Chinese semiconductor manufacturer CXMT Corp as the rapid expansion of artificial intelligence infrastructure puts increasing pressure on global memory...

Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors

Sony Group and Taiwan Semiconductor Manufacturing Co. (TSMC) are reportedly preparing to invest about 1 trillion yen ($6.32 billion) in a new Japanese semiconductor venture focused on next-generation chips for image...

Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins

Nvidia (NVDA) could enter a multi-quarter growth cycle as shipments of its next-generation Vera Rubin AI chips begin, with BofA Global Research forecasting stronger-than-expected quarterly results and maintaining a bullish...

OpenAI Restricts Astra AI Over Cyberattack Risks

OpenAI has reportedly restricted parts of the development of its next-generation AI model, code-named Astra, after early evaluations indicated the system could potentially carry out sophisticated cyberattacks with limited...

Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium

Nvidia is reportedly preparing to invest as much as $3 billion in Lancium, a Blackstone-backed power infrastructure developer involved in the Stargate artificial intelligence infrastructure initiative, as demand for...