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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

Indian police arrest 22 people in OneCoin cryptocurrency scam, file charges

Jul 06, 2017 06:52 am UTC| Digital Currency

Indian police have arrested 22 people in April and May for their alleged connection in the OneCoin scam, The Hindu reported. The regulatory authorities in the country have quite often warned people against engaging in...

Digital Currency Revolution

FxWirePro: ETH/USD faces strong trend line resistance at 271, bias lower, good to go short on break below 50-DMA

Jul 05, 2017 12:04 pm UTC| Digital Currency

ETH/USD continues trading in the red in a narrow range on Wednesday as the pair trades in a symmetrical triangle pattern. It is currently trading at 251 levels at the time of writing (BTC-e). Ichimoku analysis (Daily...

Digital Currency Revolution

Korean bitcoin exchange Bithumb hacked, announces compensation to affected users

Jul 05, 2017 11:38 am UTC| Digital Currency

Bithumb, a bitcoin and ether exchange based in South Korea, suffered a major security breach last week which resulted in a number of user accounts getting compromised and monetary losses running into thousands of dollars,...

Digital Currency Revolution

FxWirePro: ETH/EUR upside capped by daily Kijun-Sen, good to sell on rallies

Jul 05, 2017 11:07 am UTC| Digital Currency

ETH/EUR pair has minor jump above daily Kijun-Sen and declined sharply from that level (KRAKEN). ETH/EUR formed a temporary top around 385 and further bullish continuation only above that level. It is currently trading...

Digital Currency Revolution

FxWirePro: BTC/GBP faces stiff trend line resistance at 2003, bias neutral

Jul 05, 2017 09:37 am UTC| Digital Currency

BTC/GBP is struggling to break above the trend line joining 2315 and 2193 and continues to hover around that level. It is currently trading at 1984 levels at the time of writing (Coinfloor). Ichimoku analysis of daily...

Digital Currency Revolution

Indian bitcoin startup Blockonomics launches BTCMail to gift bitcoins through mail

Jul 05, 2017 09:23 am UTC| Digital Currency

Indian cryptocurrency startup Blockonomics has launched BTCMail, where users can gift bitcoins via email is an easy and secure way. According to Shiva, founder and CTO of Blockonomics, the BTCMail is ideal for...

Digital Currency Revolution

FxWirePro: BTC/USD rangebound, holds above 10-DMA, bias neutral

Jul 05, 2017 09:10 am UTC| Digital Currency

BTC/USD broke above the major trend line resistance joining 2980 and 2789 to hit 2639 levels on Tuesday. However, it failed to hold its strength and has slipped below the 2600 levels. It is currently trading at 2548 levels...

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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...