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Digital Currency Revolution

FxWirePro: ETH/USD finds trend line support near 420, bias remains bearish, stay short

Jun 26, 2018 09:00 am UTC| Digital Currency

ETH/USDs recent downtrend to 421 levels found support near trend line joining 202.25 and 360. It is currently trading at 449 levels at the time of writing (Coinbase). On the topside, the pair will run into resistance at...

Digital Currency Revolution

FxWirePro: BTC/USD recovers slightly from 7-month lows, bias remains bearish, stay short

Jun 26, 2018 07:29 am UTC| Digital Currency

BTC/USD has recovered slightly from the 7-month low of 5780 levels hit on June 24. It is currently trading at 6234 levels at the time of writing (Bitstamp). The pairs upside is capped by 6333 (7-DMA) and a break above...

Blockchain Revolution Series

Spanish National Securities Market Commission completes blockchain trial to register warrant issuance

Jun 26, 2018 06:45 am UTC| Digital Currency Fintech

The Spanish National Securities Market Commission (CNMV) and stock market operator BME have been collaborating with a number of financial institutions on a blockchain project. Dubbed Fast Track Listing or FTL, the...

Blockchain Revolution Series

Four blockchain entrepreneurs make it to 2018 Thiel Fellows cohort

Jun 26, 2018 06:02 am UTC| Digital Currency

The Thiel Foundation last week announced the names of 20 people, who have made the cut for the 2018 class of Thiel Fellows. Launched in 2011, the Fellowship program encourages talented young people to pursue big ideas...

Alibaba chief calls for bitcoin bubble but constructive on blockchain

Jun 26, 2018 05:08 am UTC| Digital Currency Research & Analysis Fintech Insights & Views Commentary

Alibaba Chairman Jack Ma says that he would stay away from bitcoin because it could be a bubble but he reportedly seems to be constructive on the blockchain. Ant Financial, an affiliate of Alibabas backed by some of the...

Digital Currency Revolution

Andreessen Horowitz launches $300M crypto fund

Jun 26, 2018 05:07 am UTC| Digital Currency

U.S.-based venture capital firm Andreessen Horowitz (a16z) has announced the launch of a new $300 million venture fund that will invest in cryptocurrencies. The fund, a16z crypto, will be led by a team of crypto...

Blockchain Revolution Series

AlipayHK, GCash roll out blockchain-powered cross-border remittance service

Jun 26, 2018 04:20 am UTC| Digital Currency

Ant Financial, an affiliate company of the Chinese Alibaba Group, has launched a blockchain-powered cross-border remittance service. The service leverages blockchain technology developed by Alipay, the online payment...

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Economy

Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns

The Federal Reserve has launched a formal inquiry into major U.S. banks and their financial ties to the private credit sector, raising fresh concerns about systemic risk across the $1.8 trillion industry. The move comes as...

Middle East Conflict Threatens Global Economic Stability, World Bank Warns

The ongoing Middle East war is sending shockwaves through the global economy, and even a fragile ceasefire brokered by U.S. President Donald Trump may not be enough to prevent lasting damage, World Bank President Ajay...

U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices

U.S. stock markets closed mixed on Friday as investors weighed a fragile Middle East ceasefire against an inflation report that came in better than feared. Despite Fridays uneven session, major indexes logged their...

Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs

Tensions between Colombia and Ecuador have reached a breaking point after Colombia announced 100% retaliatory tariffs on Ecuadorian imports, intensifying an ongoing trade dispute between two ideologically divided...

Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty

Most Asian currencies slipped slightly on Friday but remained on track to close the week in positive territory, as traders adopted a cautious stance ahead of the U.S. March Consumer Price Index (CPI) release and monitored...

Politics

Iran's Lost Mines Threaten Strait of Hormuz Reopening and Global Oil Markets

A major obstacle has surfaced in efforts to reopen the Strait of Hormuz after Iran admitted it can no longer locate or recover all of the naval mines it deployed in the critical waterway, according to a New York Times...

MATCH Act: How New U.S. Chip Legislation Could Freeze China's Semiconductor Ambitions

American lawmakers are advancing one of the most aggressive semiconductor export control bills ever proposed. The Multilateral Alignment of Technology Controls on Hardware Act, widely known as the MATCH Act, has drawn...

FAA and Pentagon Approve Laser Counter-Drone System Along U.S.-Mexico Border

The Federal Aviation Administration and the Pentagon have reached a landmark agreement authorizing the deployment of a high-energy laser counter-drone system along the southern U.S. border. This milestone follows extensive...

Eric Swalwell Faces Sexual Assault Allegations Amid California Governor's Race

California Democratic Congressman Eric Swalwell is facing serious sexual assault allegations from a former district office staffer, throwing his prominent gubernatorial campaign into turmoil. The accusations, first...

Iran's Missile Arsenal Poses Ongoing Risk Despite U.S. Claims of Destruction

Recent U.S. intelligence assessments reveal that Iran still maintains thousands of operational ballistic missiles, directly contradicting the White Houses assertion that the regimes military capabilities have been...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

OpenAI Addresses Security Vulnerability in macOS App Certification Process

OpenAI disclosed a security concern on Friday involving a third-party developer tool known as Axios, which is connected to the process used to verify the authenticity of its macOS applications. The company confirmed it has...

San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home

San Francisco police arrested a 20-year-old suspect Friday following a pre-dawn attack on OpenAI CEO Sam Altmans residence in the citys North Beach neighborhood. According to the San Francisco Police Department, an...

SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20

Nasdaq Inc. confirmed late Friday that SanDisk Corporation will enter the Nasdaq-100 Index, taking the spot previously held by Atlassian Corp Plc when markets open on Monday, April 20, 2026. The change signals a broader...

TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has reported first-quarter revenue of T$1.134 trillion (approximately $35.71 billion USD), surpassing analyst expectations and...

Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028

Lumentum Holdings Inc (NASDAQ: LITE) is experiencing a surge in demand from the artificial intelligence sector, with its order pipeline now fully booked through 2028, according to a Bloomberg report published Thursday. The...