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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

Can Bitcoin Overcome $62K Resistance to Prevent a Repeat of 'Black Monday’s' $50K Plunge?

Aug 23, 2024 07:28 am UTC| Digital Currency Technology Business

Bitcoins current resistance at $62,000 is a critical threshold to avoid another steep decline below $50,000, potentially mirroring last Augusts Black Monday. Bitcoin Must Reach $62K to Avoid Retesting $49K According...

Digital Currency Revolution

Ethereum ETFs Hit Record Outflow Streak as Investor Interest Dwindles in a Drying Market

Aug 22, 2024 10:52 am UTC| Digital Currency Technology Business

Ethereum ETFs have hit a record outflow streak, signaling a significant decline in investor interest amid a drying investment landscape. Spot Ethereum ETFs Experience Record-Breaking Outflows The longest stretch of...

Digital Currency Revolution

Bitcoin Dominance Reaches 56% as Post-Halving Rally Pushes Market Leadership to 40-Month High

Aug 22, 2024 05:20 am UTC| Digital Currency Technology Business

Bitcoins market dominance has reached 56%, a 40-month high, as the cryptocurrency continues to lead a post-halving bull run. Institutional investments have played a key role in this surge, further solidifying Bitcoins...

Digital Currency Revolution

McDonald’s Instagram Hacked: Solana Meme Coin Grimace Promoted, Hackers Boast $700,000 Haul

Aug 21, 2024 22:32 pm UTC| Digital Currency Technology Business

McDonalds Instagram account was compromised by hackers who promoted Grimace, a Solana-based meme coin, causing widespread concern over crypto-related scams. Hackers Compromise McDonalds Instagram, Promote Solana Meme...

Digital Currency Revolution

Justin Sun Projects TRON's Revenue to Hit $4B with Bold Meme Strategy

Aug 21, 2024 22:20 pm UTC| Digital Currency Technology Business

Justin Sun predicts TRON will achieve over $4 billion in revenue within the next year, driven by a strategic focus on meme tokens and expanding market activity. TRONs $4B Revenue Goal Linked to Meme Strategy In the...

Digital Currency Revolution

Kamala Harris to Champion Pro-Crypto Policies Amid Heavy Backlash Following DNC Platform Snub

Aug 21, 2024 22:08 pm UTC| Digital Currency Technology Politics

Kamala Harris is set to endorse pro-crypto legislation, responding to heavy backlash after the DNCs platform excluded cryptocurrencies. Harris to Back Pro-Crypto Policy An assistant to Kamala Harriss campaign made...

Digital Currency Revolution

El Salvador's Bitcoin Certification Initiative Trains Thousands of Civil Servants for Enhanced Governance

Aug 21, 2024 21:32 pm UTC| Digital Currency Technology Business

El Salvador is advancing its Bitcoin-driven economy by certifying 80,000 civil servants, a move expected to elevate the countrys public administration through comprehensive training. National Bitcoin Office Drives El...

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Economy

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...

U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge

The U.S. dollar strengthened for a fourth consecutive session on Thursday, reaching its highest level in nearly two months as rising oil prices, surging Treasury yields and expectations for further Federal Reserve rate...

U.S. Treasury Yields Surge as 30-Year Hits 22-Year High

U.S. Treasury yields surged again Thursday as investors sold government bonds amid rising inflation concerns, strong economic data and growing expectations that the Federal Reserve will continue raising interest rates. The...

Soybean Futures Slip as Traders Await Trump-Xi Trade Signals

Chicago soybean futures edged lower on Thursday as traders closely watched Chinese President Xi Jinpings state visit to Washington for signs of progress on U.S.-China agricultural trade and future soybean purchases. CBOT...

European Stocks Fall as Bond Yields and Geopolitical Risks Weigh

European stocks closed lower on Thursday as rising bond yields, geopolitical uncertainty in the Middle East and concerns surrounding artificial intelligence weighed on investor sentiment. The pan-European STOXX 600 dropped...

Politics

North Korea Warns South Korea Over US-Led Defense Role

North Korea warned that South Korea could become a decisive target for collective retaliation if Seoul develops into a central hub for a US-led collective defense system, according to state media KCNA on Friday. The...

Pezeshkian Says US Must Choose When Iran War Ends

Iranian President Masoud Pezeshkian said the United States holds the key to ending the Iran war, signaling that Tehran does not want the conflict to continue but will not surrender under US pressure. Asked whether the war...

Trump Asks Supreme Court to Restore Third-Country Deportations

President Donald Trumps administration asked the U.S. Supreme Court on Thursday to allow it to continue deporting migrants to countries other than their homelands without automatically giving them an opportunity to raise...

Netanyahu Defends Israel at UN as Delegates Stage Walkout

Israeli Prime Minister Benjamin Netanyahu delivered a defiant address to the United Nations General Assembly on Thursday, defending Israels military actions as dozens of delegates walked out in protest. The speech came as...

US Backs Musk in Fight Against EU’s €120 Million X Fine

The U.S. government has formally moved to join Elon Musks legal challenge against a 120 million ($136.5 million) European Union fine imposed on his social media platform X, escalating a dispute over the reach of European...

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

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...

Akamai Shares Surge on $11.6B Anthropic AI Cloud Deal

Akamai Technologies shares jumped as much as 20% in after-hours trading Thursday after the cloud computing company announced an $11.6 billion, seven-year agreement with artificial intelligence firm Anthropic. The contract...

Oracle Shares Fall as New Mexico AI Data Center Faces Power Delays

Oracle Corp. shares fell after reports that the technology giant is seeking protection from financial obligations linked to its massive artificial intelligence data center project in New Mexico amid regulatory and...