Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Digital Currency

Mon, Sep 14, 2026 06:07 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Crypto Currency Brief: Bitcoin, Altcoins attempt minor recovery; Bittrex adds XRP/USD on trading platform; Charlie Lee launches Litecoin SMS Payments – Thursday, August 9th, 2018

Aug 09, 2018 11:39 am UTC| Commentary Digital Currency Economy Market Roundups

BTC/USD: Bitcoin prices started to recover during European session Thursday after falling to near 1-month low yesterday, albeit failing to cross the $6,500 mark. The downfall was marked by an announcement by the United...

Digital Currency Revolution

Crytpo asset exchange ShapeShift acquires Bitfract

Aug 09, 2018 11:15 am UTC| Digital Currency

Digital asset exchange ShapeShift has acquired Bitfract, an Austin-based software firm, as part of its efforts to expand its offerings. Bitfract is the creator of a tool that enables users to trade bitcoin into dozens...

Digital Currency Revolution

FxWirePro: ETH/USD hovers around 1w 90-EMA, bias bearish

Aug 09, 2018 10:38 am UTC| Digital Currency Technicals

(Refer ETH/USD chart on Trading View) ETH/USD dropped to 347 levels on Wednesday before closing at 355 levels (Coinbase). The pair is currently trading in a narrow range around 360 levels at the time of...

Digital Currency Revolution

New research highlights two factors that can predict cryptocurrency returns

Aug 09, 2018 09:39 am UTC| Digital Currency

A new study, published by the National Bureau of Economic Research, has stated that the cryptocurrency returns can be predicted by factors which are specific to crypto markets. The study, authored by Yale economist Aleh...

Blockchain Revolution Series

Microsoft targets permissioned networks with new Ethereum product on Azure

Aug 09, 2018 08:50 am UTC| Digital Currency

Microsoft this week announced the release of Ethereum Proof-of-Authority (PoA) on Azure, its cloud platform. In an online post dated August 7, Cody Born, Software Engineer, Azure Global, said that the existing...

Litecoin’s comparative and empirical assessment of investment attributes

Aug 09, 2018 07:46 am UTC| Digital Currency Research & Analysis Insights & Views

Litecoin has optimally utilized of its software resemblances with Bitcoin, alongside a more scalable and smaller network, to facilitate the implementation of new developments for Bitcoin and cryptocurrency in general. This...

Digital Currency Revolution

FxWirePro: BTC/USD upside capped by 5-DMA, likely to re-test 6000

Aug 09, 2018 07:22 am UTC| Digital Currency Technicals

(Refer BTC/USD chart on Trading View) BTC/USD failed to hold cloud support and plunged to 6121 levels on Wednesday before closing at 6283 levels. The pair is currently trading just shy of cloud bottom at 6346 levels...

1521 1522 1523 1524 1525 1526 1527 1528 1529 1530

Economy

Dollar Rises as Fed Hike Bets Weigh on Asian Currencies

Asian currencies weakened against the U.S. dollar on Monday as investors raised expectations for a Federal Reserve interest rate hike this week. The Japanese yen remained close to a seven-month high as traders also...

BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks

The Bank of Japan is increasingly concerned that rising import costs and currency fluctuations can trigger sharp inflation in Japan, suggesting these supply-driven price pressures should play a greater role in monetary...

Asian Stocks Fall as AI Fears and Oil Surge Hit Markets

Asian stocks declined on Monday as concerns over a potential slowdown in artificial intelligence development pressured technology shares, while oil prices above $100 a barrel fueled inflation fears and expectations for...

Hormuz Vessel Traffic Drops to Single Digits

Commodity vessel traffic through the Strait of Hormuz dropped to single-digit daily levels over the weekend, highlighting growing disruption to one of the worlds most important energy and shipping routes. Preliminary...

Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise

Goldman Sachs now expects the Federal Reserve to raise interest rates by 25 basis points at its September meeting, reversing its previous forecast for no change as inflation concerns intensify across U.S. financial...

Politics

Trump Open to Chinese Automakers Building Cars in US

President Donald Trump said he would not oppose Chinese automakers opening manufacturing plants in the United States, provided they build vehicles domestically and employ American workers. If China wanted to come in and...

Trump Touts $5,000 Checks if Republicans Win Congress

President Donald Trump said the United States could afford to send $5,000 payments to every American adult if Republicans retain control of Congress in this years elections, though lawmakers said the proposal would require...

Takaichi-Backed Koja Wins Okinawa Governor Race

A candidate supported by Japanese Prime Minister Sanae Takaichis government has won the Okinawa gubernatorial election, potentially clearing the way for Tokyo to expand its military presence across the strategically...

Philippines Holds Historic Bangsamoro Election Amid Tight Security

Voting began Monday in the Philippines Muslim-majority south in a landmark Bangsamoro election, with security tightened after pre-election violence left three people dead and 15 others wounded. The vote is considered a...

China’s Global Times Slams Anthropic CEO’s AI Slowdown Plan as ‘Cold War’ Strategy

Chinas state-backed Global Times has criticized Anthropic CEO Dario Amodeis proposal to slow the development of advanced artificial intelligence, arguing that the initiative reflects a U.S. Cold War playbook aimed at...

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

SoftBank Shares Plunge 11% After OpenAI Rules Out 2026 IPO

SoftBank Group shares plunged on Monday as investors reacted to OpenAI CEO Sam Altman ruling out a public listing in 2026 and growing calls to slow the pace of artificial intelligence development. SoftBank (TYO: 9984)...

Z.AI Shares Slide 7% After $5 Billion Fundraising

Z.AI shares tumbled nearly 7% on Monday, reaching a 5-1/2-month low after the Chinese artificial intelligence company completed a roughly $5 billion fundraising package involving discounted new shares and convertible...

Anthropic Eyes Second Straight Profitable Quarter Ahead of Potential IPO

Anthropic expects to post positive adjusted operating income for a second consecutive quarter, signaling improving financial performance as the artificial intelligence company moves closer to a potential IPO, the Financial...

Trump Vows to Keep U.S. Ahead of China in AI Race

President Donald Trump said Sunday that the United States must maintain its artificial intelligence lead over China, pushing back against calls from prominent technology leaders to slow AI development amid growing safety...

Samsung, SK Hynix Reject KEPCO’s $18.7 Billion Power Funding Plan

Samsung Electronics and SK Hynix have rejected a proposal from Korea Electric Power Corp. (KEPCO) that would require the chipmakers to provide 25 trillion won ($18.7 billion) in upfront funding to secure electricity...