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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.

Blockchain Revolution Series

Digital Currency Revolution

Leading Banks, DTCC, Markit Successfully Complete Blockchain Test For Credit Default Swaps

Apr 08, 2016 05:49 am UTC| Digital Currency

Seven firms, which includes four global financial institutions (Bank of America Merrill Lynch, Citi, Credit Suisse, J.P. Morgan), The Depository Trust Clearing Corporation (DTCC) and Markit, in collaboration with Axoni, a...

Digital Currency Revolution

Bitcoin Exchange itBit To Wind Up Services In Texas

Apr 08, 2016 05:10 am UTC| Digital Currency

According to latest reports, New York-based bitcoin exchange itBit is going to end its services in Texas. A Reddit user going by the name Zapf03, posted the email sent by itBit team: We regret to inform you that...

Blockchain Revolution Series

Digital Currency Revolution

13th Annual MIT Sloan CIO Symposium To Discuss Blockchain, IoT And More

Apr 07, 2016 12:09 pm UTC| Digital Currency

The 13th annual MIT Sloan CIO Symposium, a world class one-day conference, will be held on May 18, 2016 at the MIT Kresge Auditorium in Cambridge, MA. The symposium will focus on the theme, Thriving in the Digital...

Blockchain Revolution Series

Digital Currency Revolution

Japan Exchange Group And Nomura Research Institute To Begin PoC Tests For Blockchain

Apr 07, 2016 11:16 am UTC| Digital Currency

[The article has been updated to include NRIs collaboration withSBI Sumishin] Japan Exchange Group, Inc. (JPX) and Nomura Research Institute(NRI) have come together to start conducting proof of concept (PoC) tests for...

Blockchain Revolution Series

Digital Currency Revolution

Kapronasia Opens India Office To Push Financial Industry And Blockchain Research In Asia

Apr 07, 2016 10:21 am UTC| Digital Currency

Kapronasia, Asias leading provider of financial industry market research and consulting services, has opened a new office in New Delhi, India, in order to further expand its footprint in Asia and add to the companys...

Digital Currency Revolution

Uphold Brings Cross-Border Payments To India, Partners With IDFC Bank And YES BANK

Apr 07, 2016 09:48 am UTC| Digital Currency

Uphold, a cloud based financial services platform, has announced partnerships with two major banks in India, in order to bring the benefits of cloud money, including free foreign exchange and almost instant access to...

Digital Currency Revolution

Deutsche Bank Opens Third Innovation Lab; To Invest €1 Bln On Digital Initiatives

Apr 07, 2016 06:58 am UTC| Digital Currency

Deutsche Bank, Germanys leading bank, has announced the opening of an Innovation Lab in Silicon Valley, with a launch event attended by its Co-Chief Executive John Cryan on Tuesday. The bank is working in partnership with...

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Economy

Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows

Malaysias central bank has announced new measures to support the ringgit after the currency weakened more than 4% in June, driven largely by foreign investor caution and expectations of higher U.S. interest rates. Bank...

Bessent Says U.S. Must Strengthen Supply Chains and Economic Security

U.S. Treasury Secretary Scott Bessent said the Trump administration is focused on strengthening supply chain resilience to protect critical industries from economic disruptions, pandemics, geopolitical conflicts, and...

South Korea Remains MSCI Emerging Market Despite Reform Progress

South Korea will remain classified as an emerging market by MSCI after the global index provider decided not to upgrade the country to developed market status in its latest market accessibility review released on Tuesday....

South Korea’s KOSPI Rebounds as Samsung and SK Hynix Lead Tech Stock Recovery

South Koreas benchmark KOSPI index staged a strong recovery on Wednesday, climbing 3.4% to 8,480.21 points after suffering a sharp sell-off in the previous session. The rebound was driven largely by gains in major...

Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive

Australias inflation rate eased more than expected in May, offering signs that price pressures may be gradually cooling and strengthening the case for the Reserve Bank of Australia (RBA) to keep interest rates unchanged in...

Politics

US Senate Approves War Powers Resolution Urging Trump to End Iran Military Action

The U.S. Senate has approved a war powers resolution directing President Donald Trump to halt U.S. military involvement in Iran, marking a significant congressional challenge to the administrations foreign policy. The...

Crimea Power Outage After Ukrainian Drone Attack, Russian Authorities Say

Power supplies were disrupted in Sevastopol, the largest city in Russian-annexed Crimea, following what local Russian-installed authorities described as a Ukrainian attack on energy infrastructure. Mikhail Razvozhayev, the...

Cait Conley Wins Democratic Nomination, Sets Up Key House Battle Against Mike Lawler in New York

Cait Conley, a U.S. Army veteran and former national security official, has secured the Democratic nomination to challenge Republican Congressman Mike Lawler in New Yorks highly competitive 17th Congressional District. The...

U.S. Eases Iran Team Travel Restrictions Ahead of Seattle World Cup Match

The United States has relaxed travel restrictions for Irans national soccer team ahead of its upcoming FIFA World Cup match in Seattle, allowing the squad to enter the country two days before kickoff instead of just one...

Peru Election Dispute Deepens as Roberto Sanchez Rejects Runoff Results

Perus presidential election dispute intensified on Tuesday after leftist candidate Roberto Sanchez announced that he would not recognize the outcome of the tightly contested presidential runoff, alleging electoral fraud...

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

Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test

Anthropics advanced artificial intelligence model identified vulnerabilities in classified U.S. government computer systems during a recent security testing exercise, according to a report by the Associated Press citing a...

Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan

Samsung Electronics shares rallied sharply on Wednesday after a report suggested the company could launch a substantial share buyback program worth nearly 90 trillion won ($59 billion) over the next three years. The...

SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom

South Korean memory chip giant SK Hynix is reportedly preparing to take a major step toward a U.S. market debut by filing documents for an American Depositary Receipt (ADR) offering with South Koreas financial regulator....

Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock

Cerebras Systems delivered a strong revenue outlook for 2026 that exceeded Wall Street expectations, but investors remained cautious as the companys profit margin forecast highlighted the challenges of competing with AI...

SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist

SpaceX (NASDAQ: SPCX) recovered modestly on Tuesday, closing 0.9% higher at $156.06 after briefly falling below its post-IPO opening price during intraday trading. The stock touched a low of $147.11, slipping beneath the...