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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

Bitcoin is an asset, not real currency, says PBoC official

Jun 27, 2016 10:20 am UTC| Digital Currency

As digital currencies such as bitcoin continue to grow and capture markets, the debate about their status (legal/illegal, commodity/currency etc.) has come to the forefront. In recent statements made during the...

Digital Currency Revolution

ETH/EUR trades above 10-day EMA, slight jump till 13.75 likely

Jun 27, 2016 09:20 am UTC| Digital Currency

ETH/EUR is seen trading abouve 10 on Monday. The pair has recovered slightly after making a low of 12.36 (KRAKEN) yesterday. It is currently trading at 12.92 at the time of writing. Ichimoku analysis of daily chart...

Digital Currency Revolution

ETH/USD struggles to break above 21 DMA

Jun 27, 2016 09:18 am UTC| Digital Currency

ETH/USD has slightly retreated after making a high of $14.79 (25 Jun high). It is currently trading at $14.15 (Kraken). Ichimoku analysis (Daily chart): Tenkan-Sen level: $13.09 Kijun-Sen level: $15.79 Trend...

Digital Currency Revolution

BTC/EUR trades well above 90 4HMA, jump till 635/669 likely

Jun 27, 2016 07:04 am UTC| Digital Currency

BTC/EUR has recovered from the plunge and is seen trading above in green on Monday. The pair declined sharply after making a high of 635 levels (24th Jun 2016 high, CEXIO). It is currently trading at 594.09 at the time of...

Digital Currency Revolution

BTC/USD takes support near 200 4HMA, targets $685

Jun 27, 2016 06:57 am UTC| Digital Currency

BTC/USD could not hold its levels seen post Brexit decision and fell to $608.64 levels on Sunday (Bitstamp). Today, the pair has touched a high of $649 levels so far in the day and currently trades at $646 levels, at press...

Digital Currency Revolution

Digital banking service Worldcore starts accepting bitcoin

Jun 27, 2016 06:12 am UTC| Digital Currency

Starting this month, Worldcore, an online payment service provider, began accepting bitcoin via the leading bitcoin payment processor BitPay. Our goal is to open up the global marketplace to businesses and consumers who...

Digital Currency Revolution

Breakout Coin rakes in 650 BTC to date in public crowdsale

Jun 27, 2016 04:37 am UTC| Digital Currency

Breakout Coin, the gaming industry payment coin,has raised around 650 BTC (more than $400,000 according to current exchange rate) to date in its public crowdsale. The crowdsale, which began June 13 and runs until July...

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Economy

US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says

U.S. efforts to strengthen the Japanese yen may offer only temporary relief as Japans fiscal policies, wide interest-rate gap with the United States, and preference for a weaker currency continue to pressure the yen,...

Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist

Iran and Oman are nearing an agreement on shipping through the Strait of Hormuz, but Tehran says a bilateral deal alone will not be enough to fully reopen the critical global energy route. Iranian Foreign Minister Abbas...

Trump Unveils $3 Billion U.S. Critical Minerals Push

President Donald Trump announced roughly $3 billion in U.S. government investments and financing for critical minerals, battery materials and mining projects, part of a broader effort to strengthen domestic production and...

Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls

Oil prices fluctuated on Friday and remained on course for sharp weekly declines as uncertainty surrounding a potential agreement to reopen the Strait of Hormuz continued to drive volatility across global energy markets....

Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease

Gold prices rallied sharply on Friday, putting the precious metal on track for its strongest weekly performance since late January as a weaker U.S. dollar, lower oil prices and softer Federal Reserve rate hike expectations...

Politics

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...

ICE to Complete Nationwide Body Camera Rollout by End of August

U.S. Immigration and Customs Enforcement (ICE) will equip all officers and agents working in the field with body-worn cameras by the end of August, accelerating a nationwide rollout that was initially expected to take...

Joe Biden’s Prostate Cancer Has Spread Further, Hunter Biden Says

Former U.S. President Joe Bidens prostate cancer has spread beyond his bones and is causing significant pain, according to his son, Hunter Biden, who discussed his fathers health in a BBC interview. Speaking to the BBCs...

Senate Majority Leader John Thune Moves to Advance Crypto Clarity Act

U.S. Senate Majority Leader John Thune has taken a key step toward advancing the Clarity Act, a major cryptocurrency regulation bill that could establish the first comprehensive federal framework for the U.S. crypto...

Taiwan President Lai Oversees Coastal Strike Drills in Han Kuang War Games

Taiwan President Lai Ching-te observed coastal strike drills on Saturday as the island continued its annual Han Kuang military exercises, designed to strengthen Taiwans defence readiness against a potential Chinese attack....

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

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...

Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico

Meta Platforms Inc. has been ordered to pay $567 million into a fund designed to address harm to young people, in a major legal ruling involving child safety on Facebook and Instagram. Judge Bryan Biedscheid of New Mexicos...

Nintendo Shares Jump as Switch 2 Sales Boost Earnings

Nintendo shares surged nearly 5% on Friday after the Japanese gaming giant reported stronger-than-expected first-quarter earnings and upgraded its full-year financial outlook, supported by robust demand for the new Switch...