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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

Venezuela to launch oil-backed ‘Petro’ cryptocurrency amid deep economic crisis

Dec 04, 2017 10:21 am UTC| Digital Currency

Venezuelan President Nicolas Maduro has revealed plans to launch an oil-backed cryptocurrency as the country is grappling with a deep economic crisis. In a televised broadcast as reported by Reuters, Maduro announced...

Digital Currency Revolution

FxWirePro: ETH/USD faces strong trend line resistance at 481, good to go long on break above

Dec 04, 2017 09:37 am UTC| Digital Currency

ETH/USD is consolidating in a narrow range as it faces strong resistance at trend line joining 395 and 475. It is currently trading at 471 levels at the time of writing (Kraken). Ichimoku analysis (Daily...

Digital Currency Revolution

FxWirePro: BTC/USD consolidates below trend line resistance at 11756, bias bullish, good to go long on dips

Dec 04, 2017 06:57 am UTC| Digital Currency

BTC/USD stopped short of 12000 levels on December 03, as it closed at 11250 levels after hitting 11800 levels. It is currently trading at 11442 levels at the time of writing (Bitstamp). Ichimoku analysis of daily...

Digital Currency Revolution

Maltese financial regulator to develop regulatory framework for digital currencies

Dec 04, 2017 06:16 am UTC| Digital Currency

The Malta Financial Services Authority (MFSA) has published a discussion paper on digital currencies, Initial Coin Offerings (ICOs), and related service providers. The paper comes as a part of the regulators efforts to...

Digital Currency Revolution

Defining digital currencies is ‘complicated’, says Federal Reserve Vice Chairman

Dec 04, 2017 05:31 am UTC| Digital Currency

In a recent speech, Randal K. Quarles, Vice Chairman for Bank Supervision on the Federal Reserve Board of Governors, highlighted the complications associated with digital currencies, particularly as to how to treat and...

Digital Currency Revolution

Digital currencies do not formally qualify as currency, says ECB’s Yves Mersch

Dec 04, 2017 04:43 am UTC| Digital Currency

Digital currencies do not qualify as currency and their usage as a means of payment is negligible, an executive board member of the European Central Bank said recently. Speaking at the Joint ECB and Banca dItalia...

Digital Currency Revolution

CME Group sets date for Bitcoin futures launch

Dec 04, 2017 03:51 am UTC| Digital Currency

Derivatives marketplace CME Group has announced that it is going to launch Bitcoin futures contract on December 18, 2017. According to the official release, CME Group has self-certified the initial listing of its...

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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...