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Digital Currency Revolution

Bitcoin bears surpass $6,000 mark, further bearish skepticism persists as cyber-security expert reckons cryptocurrency to hinder U.S. elections

Jun 29, 2018 11:58 am UTC| Research & Analysis Digital Currency Insights & Views

Bitcoin prices soared during Donal Trumps victory back in 2016. But for now, Bitcoin is continuously breaking its lowest points of 2018. BTC is currently trading at the price of $5,885. After fighting the resistance,...

Blockchain Revolution Series

Digital Currency Revolution

Digital Currency and Blockchain Weekly Round-up – June 29th, 2018

Jun 29, 2018 11:48 am UTC| Digital Currency

Bithumb claims recovery of $14M in hacked cryptocurrencies South Koreas cryptocurrency exchange Bithumb has claimed that it was able to significantly reduce the damages resulting from the recent hack on its platform,...

Digital Currency Revolution

Templum Markets seeks to boost transparency in tokenized securities marketplace with CUSIP identifiers

Jun 29, 2018 11:03 am UTC| Digital Currency

Templum Markets, a registered token trading platform, is collaborating with CUSIP Global Services (CGS) to bring industry standard CUSIP identifiers to the tokenized securities marketplace. CGS is a provider of unique...

FxWirePro: A Brief Look At Ontology With Daily Technical Analysis Of ONT/USD

Jun 29, 2018 10:43 am UTC| Digital Currency

Ontology Ontology is a new high-performance public blockchain project. The main problem in public blockchain is scalability and Onotology addresses this problem using distributed trust collaboration platform. Ontology...

Digital Currency Revolution

FxWirePro: ETH/USD drops to near 400 levels, bias bearish, stay short

Jun 29, 2018 10:02 am UTC| Digital Currency

ETH/USD continued its downtrend on Friday and dropped to near 400 levels. It is currently trading at 415 levels at the time of writing (Coinbase). On the upside, resistance is seen at 442 (7-DMA) and a break above would...

FxWirePro: ETH/EUR breaks strong trendline support at 365, eyes 88.6% Fib at 329

Jun 29, 2018 09:56 am UTC| Digital Currency Technicals

ETH/EUR has broken strong trendline support at 365 level to hit 2-month lows at 349 levels. The pair has been trading with bearish bias, break below 365 is likely to see resumption of weakness. Price action...

FxWirePro: ETH/EUR breaks strong trendline support at 365, eyes 88.6% Fib at 329

Jun 29, 2018 09:56 am UTC| Digital Currency Technicals

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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...