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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

ETC/USD breaks above 55-hour EMA, eyes 1.97

Aug 11, 2016 10:52 am UTC| Digital Currency

ETC/USD recovered losses on Thursday and has hit 1.88 levels so far in the day (Kraken). Ichimoku analysis of hourly chart: Tenkan Sen: 1.72 Kijun Sen: 1.76 Trend Reversal: 1.97 (90 EMA) The pair has broken...

Digital Currency Revolution

ETH/EUR faces strong resistance at 11.30, break above targets 13.75

Aug 11, 2016 10:27 am UTC| Digital Currency

ETH/EUR is seen trading in red on Thursday. The pair has made a high of 11.30 and declined from that level (KRAKEN). It is currently trading at 10.57 at the time of writing. Ichimoku analysis of daily chart...

Digital Currency Revolution

TradeZero partners with bitcoin pioneer Jered Kenna to offer first ‘dark pool’ digital currency market trading

Aug 11, 2016 10:08 am UTC| Digital Currency

TradeZero today announced that it has teamed up with bitcoin serial entrepreneur Jered Kenna to create the worlds first dark pool exchange for bitcoin and eventually other digital currencies. Dark pools refer to...

Digital Currency Revolution

Startup aims to garner donations in yet-to-launch cryptocurrency for global charities

Aug 11, 2016 10:07 am UTC| Digital Currency

Cross-Stratum Mutual Community Asia (CSMC), a UK-based techno-finance startup, has announced its plans to release a new cryptocurrency the Cross-Stratum Coin (CSC). The company statement said that the cryptocurrency...

Digital Currency Revolution

FxWirePro: ETC/EUR recovers from the low of 1.4230, good to sell on rallies

Aug 11, 2016 09:42 am UTC| Digital Currency

ETC/EUR has broken major support 1.5400 and declined till 1.42300 levels (KRAKEN). It is currently trading around 1.69970 at the time of writing. Ichimoku analysis of hourly chart shows: Tenkan-Sen level:...

Digital Currency Revolution

IRS not to provide additional guidance on tax treatment of virtual currency transactions

Aug 11, 2016 08:56 am UTC| Digital Currency

According to latest reports, the Internal Revenue Service (IRS) has no plans to provide updates on how existing general tax principles apply to transactions using virtual currency. Tax Revolution reported that the IRS...

Digital Currency Revolution

FxWirePro: BTC/EUR faces strong resistance at 560, good to buy on dips

Aug 11, 2016 07:05 am UTC| Digital Currency

BTC/EUR is seen facing a strong support around 560. The pair has declined slightly after making a high of 540 levels (CEXIO) yesterday. It is currently trading around 534.64 at the time of writing. Ichimoku analysis 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...