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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: ETH/USD rejected at 21-DMA, good to go short below 7.40

Dec 16, 2016 09:42 am UTC| Digital Currency

ETH/USD fell to 7.72 levels on Thursday and is currently trading at 7.83 levels, well below 21-day MA, the time of writing (Kraken). Ichimoku analysis (Daily chart): Tenkan-Sen: 8.08 Kijun-Sen: 8.11 Trend...

Digital Currency Revolution

BTC/EUR faces strong resistance at 161.8% fibo, break above targets 789

Dec 16, 2016 08:30 am UTC| Digital Currency

BTC/EUR is seen trading well above on Friday. The pair breaks minor resistance at 742 and jumped till 747.87 yesterday (COINBASE). It is currently trading around 747.53 at the time of writing. Ichimoku analysis of daily...

Digital Currency Revolution

LendIt teams with 500 Startups for PitchIt 2017 fintech competition

Dec 16, 2016 06:58 am UTC| Fintech

LendIt, the largest show in lending and fintech, has announced its collaboration with global venture capital fund 500 Startups for LendIts global competition for fintech startups PitchIt that will take place on March 6-7,...

Digital Currency Revolution

Coinbase user files to block IRS from accessing bitcoin users’ data

Dec 16, 2016 06:34 am UTC| Digital Currency

In thelatest development in the Coinbase-IRS tussle, a user of the cryptocurrency exchange has filed a motion in federal court seeking to block the Internal Revenue Service (IRS) from accessing personal and transactional...

Digital Currency Revolution

Cryptocurrency exchange BTC-e resumes operations after DDoS attack

Dec 16, 2016 05:55 am UTC| Digital Currency

Leading cryptocurrency exchange BTC-e announced on early Thursday morning (around 5:30 am EST) that it was under Distributed Denial of Service (DDoS) attack, CoinTelegraph reported. The website went offline after the...

Digital Currency Revolution

Tulane University's Freeman School of Business wins Kraken’s Bitcoin vs Ethereum Investment Case-study Competition

Dec 16, 2016 05:14 am UTC| Digital Currency

Tulane Universitys Freeman School of Business has won cryptocurrency exchangeKrakens contest that revolved around determining the investment attractiveness of bitcoin and ethereum. Kraken, in partnership withThe...

Digital Currency Revolution

FxWirePro: DASH/ USDT faces strong support at 21- day MA, good to buy on dips

Dec 15, 2016 13:19 pm UTC| Digital Currency

DASH/USDT is seen trading The pair has slightly jumped above 55 days EMA after declining till USDT9.02 and declined after jumping till USDT9.540 levels (Poloniex). It is currently trading around USDT9.27 at the time of...

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Economy

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...

Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets

Japanese bank stocks rallied on Friday as surging government bond yields and expectations for further Bank of Japan interest rate hikes strengthened the outlook for lenders profit margins. Shares of Mizuho Financial Group,...

Asian Stocks Fall as Surging Bond Yields Rattle Markets

Asian stocks mostly declined on Friday as a global bond market selloff drove long-term U.S. Treasury yields to multi-year highs, pressuring risk appetite across regional markets. Investors were also assessing the outcome...

Fed Unveils Stablecoin Rules Under GENIUS Act

The Federal Reserve has proposed a broad regulatory framework for payment stablecoin issuers, moving forward with implementation of the GENIUS Act and efforts to bring dollar-backed digital assets further into the...

Politics

Saudi Arabia, Turkey and Pakistan Plan Urgent Defence Talks Over Houthi Attacks

Saudi Arabia, Turkey and Pakistan are preparing an urgent high-level defence meeting to discuss support for the kingdom as Houthi missile and drone attacks intensify across Saudi territory. The talks will be held under the...

Ukrainian Drone Attacks Hit Russian Regions, Injuring at Least 12

A series of Ukrainian drone attacks struck several Russian regions on Friday morning, leaving at least one person dead and more than a dozen injured while damaging industrial sites, homes and vehicles, according to Russian...

Najib Razak Seeks Stay of 15-Year 1MDB Prison Sentence

Former Malaysian Prime Minister Najib Razak has asked a court to suspend a 15-year prison sentence linked to the 1Malaysia Development Berhad (1MDB) corruption scandal, his lawyer said Friday, following a royal pardon in a...

What ‘Taiwan Independence’ Means as Xi Presses Trump on US Policy

Chinese President Xi Jinpings call for President Donald Trump to oppose Taiwan independence has renewed attention on the complicated political and historical status of Taiwan and the differing positions held by Beijing,...

Xi Calls for Deeper U.S.-China AI Cooperation in Trump Talks

Chinese President Xi Jinping called for stronger cooperation with the United States on artificial intelligence during his state visit to Washington, highlighting AI safety and human oversight as potential areas for closer...

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

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...

SoftBank Shares Fall as Oracle Flags Stargate Data Center Delay Risk

SoftBank Group shares dropped on Friday after Oracle moved to protect itself against possible delays at a major New Mexico data center, adding to investor concerns over the financing and execution risks surrounding the...

Jeff Bezos Invests $32 Billion in Blue Origin as Space Firm Targets Major Growth

Jeff Bezos has invested about $32 billion in Blue Origin since founding the space company in 2000, underscoring the Amazon founders long-term commitment to competing in the rapidly expanding commercial space industry....

OpenAI to Preview GPT-6 Cyber AI Model for Cybersecurity

OpenAI is preparing to preview GPT-6 Cyber, a new artificial intelligence model focused on cybersecurity, within days as the company expands its push into AI-powered security tools, according to a Fortune report cited by...

Former OpenAI Data Center Chief Chris Malone Joins Nvidia

Chris Malone, the former head of data centers at OpenAI, has joined Nvidia as vice president of its DSX Platform, strengthening the chipmakers leadership team as demand for artificial intelligence infrastructure continues...