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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 fails to hold above 10-DMA, break below trend line support at 6511 confirms further bearishness

Apr 10, 2018 06:51 am UTC| Digital Currency

BTC/USD failed to hold above 10-DMA and closed in the red at 6611 levels on Monday. The pair is currently trading at 6733 levels at the time of writing (Bitstamp). On the topside, resistance is now seen at 6893 (10-DMA)...

Digital Currency Revolution

South Korea’s FSC and FIU to check compliance of three banks with new crypto exchange AML rules

Apr 10, 2018 04:47 am UTC| Digital Currency

South Korean financial authorities are going inspect three domestic banks later this month in order to check their compliance with anti-money laundering (AML) rules for cryptocurrency exchange accounts, CoinDesk...

Digital Currency Revolution

South African Revenue Service clarifies tax treatment of cryptocurrencies

Apr 10, 2018 03:14 am UTC| Digital Currency

The South African Revenue Service (SARS) has issued an official statement on the tax treatment of cryptocurrencies in the country. The SARS said that it does not regard cryptocurrencies as a currency for income tax...

Digital Currency Revolution

Monex Group to acquire crypto exchange Coincheck for 3.6B yen

Apr 09, 2018 10:57 am UTC| Digital Currency

Japanese online brokerage firm Monex Group last week officially announced that it will acquire Coincheck cryptocurrency exchange for 3600 million yen (approximately $34 million). Coincheck suffered a major hack earlier...

Digital Currency Revolution

Indian crypto industry seeks solution to RBI’s recent notice

Apr 09, 2018 09:33 am UTC| Digital Currency

Following the recent notice from the Reserve Bank of India (RBI) in which the central bank banned banks from engaging with crypto companies, industry stakeholders are discussing the issue to find a solution, according to...

Digital Currency Revolution

FxWirePro: ETH/USD trades higher, consistent break above 20-DMA to see further upside

Apr 09, 2018 08:34 am UTC| Digital Currency

ETH/USD is trading higher on Monday at 422 levels at the time of writing (Coinbase). On the upside, the pair faces strong resistance at 437 (20-DMA) and a break above would target 468 (3h 200-SMA)/507 (23.6% retracement...

Digital Currency Revolution

FxWirePro: BTC/USD reclaims 7100 handle, decisive break above 20-DMA to see minor bullishness

Apr 09, 2018 06:53 am UTC| Digital Currency

BTC/USD has is trading higher on Monday at 7100 levels at the time of writing (Bitstamp). On the topside, resistance is likely to be found at 7538 (20-DMA) and a break above would see the pair testing 7738 (3h 200-SMA)/...

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Economy

Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding

New York and New Jersey have filed an emergency lawsuit against the Trump administration, seeking to restore federal funding for the $16 billion Hudson River tunnel project, a critical piece of U.S. transportation...

Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound

Asian stocks traded on shaky ground on Wednesday as global markets digested sharp losses in U.S. and European equities, driven by growing fears that rapid advances in artificial intelligence could disrupt traditional...

Trump Extends AGOA Trade Program for Africa Through 2026, Supporting Jobs and U.S.-Africa Trade

President Donald Trump has signed legislation extending the African Growth and Opportunity Act (AGOA), a key U.S.-Africa trade program, through December 31, 2026. The extension is retroactive from September 30, 2025,...

Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile

An Australian scandium mining project backed by billionaire mining executive Richard Friedland is expected to play a role in the United States newly announced $12 billion critical minerals stockpile, according to comments...

Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates

Japans services sector showed strong momentum at the start of the year, expanding at its fastest pace in nearly 12 months, while overall private sector activity recorded its quickest growth in almost three years. According...

Politics

Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure

Federal Reserve Governor Stephen Miran has formally resigned from his role as chair of the White House Council of Economic Advisers (CEA), fulfilling a commitment he made to the U.S. Senate as his tenure at the Federal...

U.S. Condemns South Africa’s Expulsion of Israeli Diplomat Amid Rising Diplomatic Tensions

The United States has sharply criticized South Africas recent decision to expel Israels top diplomat, calling the move politically motivated and harmful to diplomatic norms. The condemnation was delivered on Tuesday by...

Russia Prepares for Post–New START Era as U.S.-Russia Nuclear Arms Control Nears Collapse

Russia has declared it is prepared for a new global security reality in which there are no U.S.-Russian nuclear arms control limits, as the New START treaty is set to expire this week. The landmark agreement, signed in...

Trump Plans Call With Savannah Guthrie After Mother’s Disappearance, Federal Support Considered

U.S. President Donald Trump said Tuesday that he plans to personally reach out to NBC News anchor Savannah Guthrie following the disappearance of her 84-year-old mother, Nancy Guthrie, a case that authorities now believe...

UK and US Reaffirm Strategic Importance of Diego Garcia Base Amid Chagos Sovereignty Dispute

British Prime Minister Keir Starmer and U.S. President Donald Trump have reaffirmed the strategic importance of the U.S.-UK military air base on Diego Garcia in the Chagos Archipelago, committing to close cooperation to...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies

Nvidia is reportedly nearing a major investment deal with OpenAI, signaling a significant development in the global artificial intelligence landscape. According to sources cited by Reuters, the chipmaking giant is in...

Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate

Artificial intelligence startup Anthropic is reportedly preparing a major secondary share sale that would allow some employees to sell shares at a valuation of at least $350 billion, according to a recent Bloomberg report....

AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock

Advanced Micro Devices (AMD) delivered a solid quarterly earnings beat, topping Wall Street expectations on both revenue and profit, yet its stock slipped in extended trading after the company projected a sequential...

Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns

Nintendo shares fell sharply on Wednesday after the Japanese gaming giant reported weaker-than-expected fiscal third-quarter results, intensifying investor concerns over profitability and margins tied to its highly...

Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence

Elon Musk announced on Monday that SpaceX has acquired his artificial intelligence startup xAI in a landmark deal that brings together his ambitions in space exploration and advanced AI technology. The acquisition combines...