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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

ETH/USD breaches support at 7.50, break below 7 confirms further bearishness

Dec 23, 2016 11:37 am UTC| Digital Currency

ETH/USD has broken below major support at 7.50 levels and is currently trading at 7.15 levels at the time of writing (Kraken). Long-term trend: Bearish Short-term trend: Bearish Ichimoku analysis (Daily...

Digital Currency Revolution

FxWirePro: BTC/CNY trades extremely bullish, further jump till 6600 is possible

Dec 23, 2016 11:35 am UTC| Digital Currency

BTC/CNY is seen trading well above on Friday. The pair has broken aminor resistance of 6200 and jumped till 6448 levels (BTCCCHINA). BTC/CNY has closed well above 6000 yesterday and is currently trading around 6418.46 at...

Digital Currency Revolution

FxWirePro: BTC/GBP trades shy of 750, break above targets 775

Dec 23, 2016 11:27 am UTC| Digital Currency

BTC/GBP moved further north on Friday, hitting a high of 747.56 levels so far in the day. It is currently trading at 743 levels at the time of writing (Coinbase). Long-term trend: Bullish Short-term trend:...

Digital Currency Revolution

ETH/EUR breaks major support around 7.20, targets 6.60

Dec 23, 2016 11:11 am UTC| Digital Currency

ETH/EUR is seen trading below in red on Friday. The pair has broken major support 7.20 and declined till 7.10 levels (KRAKEN). It is currently trading around 6.92 at the time of writing. Ichimoku analysis of daily chart...

Digital Currency Revolution

FxWirePro: BTC/USD skyrockets to 913, eyes 950

Dec 23, 2016 09:22 am UTC| Digital Currency

BTC/USD is riding high on the back of new found momentum and hit a high of 913.41 levels so far in the day. It is currently trading at 905 levels at the time of writing (Bitstamp). Long-term trend: Bullish Short-term...

Digital Currency Revolution

BTC/EUR hits fresh year high, further jump till 1000 likely

Dec 23, 2016 09:03 am UTC| Digital Currency

BTC/EUR is seen hitting a fresh new high of the year. It is trading well above on Friday. The pair hasbroken the yesterday high of 834 and made a new year high at 879.34 levels (COINBASE). It is currently trading around...

Digital Currency Revolution

Bittrex adds 22 new cryptocurrencies in second half of 2016

Dec 23, 2016 05:39 am UTC| Digital Currency

Bittrex, a leading digital currency exchange, has announced that it now hosts more than 200 coins, with the addition of 22 new coins in the second half of 2016. According to the official announcement, the coins added to...

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Economy

US Comfortable With Canada Trade Standoff as Import Bans Loom

President Donald Trumps administration is prepared to maintain its escalating trade dispute with Canada as new import restrictions approach and Washington threatens additional tariffs on key Canadian industries. U.S. Trade...

Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals

The U.S. dollar weakened on Friday as oil prices retreated, although the currency remained headed for a second consecutive weekly gain as expectations for another Federal Reserve rate hike increased. The Japanese yen,...

Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears

Federal Reserve Bank of Cleveland President Beth Hammack said Friday that the recent surge in U.S. government bond yields appears to be driven primarily by higher real interest rates rather than growing concerns about...

Dollar Holds Near Two-Month High as Yen Approaches 160

The U.S. dollar remained near a two-month high on Friday, supported by rising Treasury yields and expectations of additional Federal Reserve rate hikes, while the Japanese yen hovered near the closely watched...

Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets

Gold prices were largely unchanged on Friday but remained headed for a weekly loss of more than 3% as rising U.S. Treasury yields and elevated energy prices strengthened expectations that the Federal Reserve could raise...

Politics

Saudi Arabia Seeks Military Support as Houthi Attacks Escalate

Saudi, Turkish and Pakistani military chiefs were expected to discuss support for Saudi Arabia as escalating Houthi attacks intensify security concerns across the Middle East, while new restrictions on Iranian flights add...

Putin Says Ukraine Peace Proposals Remain on Table

Russian President Vladimir Putin said Friday that proposals aimed at ending the 4-1/2-year war in Ukraine remain under consideration, although Moscow must determine which options best serve Russias interests. Speaking to...

Iran Rejects Nuclear Concessions in Hormuz Deal

Iran will not compromise on its nuclear rights even if the United States accepts Tehrans proposal for reopening the Strait of Hormuz, according to a senior Iranian official, underscoring major obstacles to ending the...

Pope Leo Warns UN, Multilateral Groups Face Crisis

Pope Leo warned Friday that the United Nations and other multilateral institutions are facing a serious crisis of effectiveness, arguing that international dialogue risks becoming a charade as governments increasingly...

Pope Leo Backs Press Freedom After White House Media Ban

Pope Leo reaffirmed his support for freedom of the press on Friday when asked about U.S. President Donald Trumps decision to bar CNN and several other news organizations from the White House. Speaking with journalists...

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

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...

Meta Found Liable in New Mexico Facebook Data Privacy Case

A New Mexico jury has found Meta Platforms liable for misleading consumers about Facebook user privacy and data-sharing practices in a case tied to the Cambridge Analytica scandal. The verdict followed a two-week trial in...

DaVoice Sues Perplexity AI Over Trade Secrets

AI technology startup DaVoice has filed a lawsuit against Perplexity AI in California federal court, accusing the artificial intelligence company of misappropriating trade secrets connected to wake word technology used in...

SpaceXAI to Double Nvidia Chips at Colossus 2 by Year-End

Elon Musk said SpaceXAI plans to nearly double the number of advanced Nvidia AI chips operating at its Colossus 2 data center by the end of 2026, significantly expanding the computing power behind its artificial...