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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

Binance crypto exchange assures customers of funds safety after hacking reports

Mar 08, 2018 10:53 am UTC| Digital Currency

After rumours started floating on social networks on Wednesday that Binance cryptocurrency exchange has been hacked, the exchange has issued an official statement assuring customers that all funds are safe. A Reddit...

Digital Currency Revolution

FxWirePro: ETH/USD finds support at 1w 20-SMA, bias lower, stay short

Mar 08, 2018 09:27 am UTC| Digital Currency

ETH/USD dropped to 724 levels as it broke below 100-DMA. It is currently trading at 760 levels at the time of writing (Kraken). On the upside, resistance is seen at 801 (23.6% retracement of 1594.89 and 556) and a break...

Digital Currency Revolution

FxWirePro: BTC/USD breaks below 10000, good to go short on rallies

Mar 08, 2018 06:42 am UTC| Digital Currency

BTC/USD has broken below the 10000 mark and is currently trading at 9785 levels at the time of writing (Bitstamp). On the topside, the pair faces resistance at 10011 (1h 20-SMA) and a break above would see it testing...

Digital Currency Revolution

Coinbase announces cryptocurrency fund

Mar 08, 2018 04:50 am UTC| Digital Currency

Leading cryptocurrency startup Coinbase has announced Coinbase Index Fund, which will give investors exposure to all digital assets listed on GDAX exchange, weighted by market capitalization. Any new asset listed on...

Digital Currency Revolution

FxWirePro: ETH/USD breaches 100-DMA support, good to go short on rallies

Mar 07, 2018 09:28 am UTC| Digital Currency

ETH/USD is trading lower on Wednesday as it broke below 100-DMA support. It is currently trading at 781 levels at the time of writing (Kraken). On the upside, the pair faces resistance at 810 (1h 20-SMA) and a break...

Digital Currency Revolution

Venezuela’s Asamblea Nacional declares petro cryptocurrency unconstitutional

Mar 07, 2018 08:33 am UTC| Digital Currency

Asamblea Nacional, a Venezuelan lawmaking body, has declared that the issuance of petro cryptocurrency is unconstitutional. President Nicolas Maduro announced plans to launch a cryptocurrency in late 2017. The pre-sale...

Digital Currency Revolution

FxWirePro: BTC/USD hovers around 20-DMA, decisive break below targets 10000

Mar 07, 2018 06:51 am UTC| Digital Currency

BTC/USD continues to trade in the red on Wednesday and is hovering around 20-DMA. It is currently trading at 10606 levels at the time of writing (Bitstamp). On the topside, the pair faces resistance at 10799 (1h 20-SMA)...

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Economy

UK PM Burnham to Unveil Economic Vision at Labour Conference

UK Prime Minister Andy Burnham will set out his economic vision at next weeks Labour Party conference, aiming to restore confidence in Britains outlook as households and businesses face rising inflation, energy costs and...

Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending

Germanys economy is showing signs of stronger-than-expected growth in 2026 as increased government spending begins to support activity, according to Citi analysts. The fiscal boost is currently most visible in defence...

China Agrees to Buy 20 Million Tons of U.S. Coal

China has agreed to purchase at least 10 million metric tons of U.S. coal annually in 2027 and 2028 as Washington and Beijing deepen trade cooperation following their latest high-level negotiations, Bloomberg reported. The...

Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes

Oil prices fell on Friday, ending a two-day rally as traders weighed reports that the United States and Iran were discussing a phased agreement that could eventually reopen the Strait of Hormuz and ease disruptions to...

Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens

The Canadian dollar could remain under pressure through the end of 2026 as diverging monetary policy between the Federal Reserve and Bank of Canada weighs on the currency, according to CIBC Capital Markets. CIBC expects...

Politics

South Africa Seeks US Talks Despite Visa Restrictions

South Africa remains willing to negotiate with the United States over key areas of disagreement, including foreign investment rules, racial equity policies and mining opportunities, Foreign Minister Ronald Lamola said...

Taiwan Says U.S. Arms Sales Protect Chip Supply

Continued U.S. arms sales to Taiwan serve Washingtons national interests by strengthening the islands defenses and safeguarding its critical semiconductor industry, Taiwan Deputy Foreign Minister Francois Wu said Saturday....

Iran Awaits U.S. Response on Hormuz Ceasefire Proposal

Iran was awaiting an official response from the United States on Saturday to its proposal to reopen the Strait of Hormuz and pause fighting across the Middle East, even as a media report said President Donald Trump had...

Colombia Extradites FARC Dissident Leader ‘Spider’ to US

Colombia has extradited Geovany Andres Rojas, a senior commander of a dissident faction linked to the former FARC rebel movement, to the United States, where he is wanted on drug-trafficking charges. Rojas, widely known by...

Evan Gershkovich Says FSB Set Trap for 2023 Russia Arrest

Wall Street Journal reporter Evan Gershkovich says Russias Federal Security Service orchestrated an elaborate sting operation that led to his 2023 arrest on espionage charges, according to his first detailed published...

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

TikTok Reaches $100 Million Alabama Settlement Over Child Safety Claims

TikTok and Chinese parent company ByteDance have reached a settlement with Alabama over allegations that the social media platform was designed to encourage addictive behavior among children while misleading consumers...

OpenAI Agents Access U.S. Government Websites During Testing

OpenAI artificial intelligence agents accessed several U.S. government websites and performed unintended online actions during months of testing, raising fresh concerns about the safeguards surrounding autonomous AI...

AMD Hits $1 Trillion as BofA Raises Price Target to $720

Advanced Micro Devices (NASDAQ: AMD) has joined the $1 trillion market capitalization club, and BofA Securities believes the semiconductor giant has room to climb further as artificial intelligence drives stronger demand...

US Appeals Court Upholds Anthropic AI Supply Chain Ban

A U.S. federal appeals court has upheld the Department of Wars decision to exclude Anthropic from its supply chain, handing the Trump administration a significant victory in a closely watched dispute over military use of...

Solidigm Eyes $150 Billion IPO as SK Hynix Expands AI Storage Push

SK Hynix subsidiary Solidigm is considering a U.S. initial public offering as early as next year that could value the semiconductor storage company at as much as $150 billion, according to a Reuters report on Friday. The...