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Digital Currency Revolution

Is this Bitcoin’s correction or bubble or another boom-cycle?

May 10, 2018 10:49 am UTC| Digital Currency Insights & Views Technicals

If youre perplexed when it comes to cryptocurrency, remember, youre not the only one for this perplexity. The rapid and stratospheric spike of bitcoin prices towards $20K and its jerk is all a little dizzying and...

Blockchain Revolution Series

House of Blockchain launches in Liechtenstein

May 10, 2018 10:42 am UTC| Digital Currency

Blockchain startup ternity, together with legal firm NGELE Attorneys at Law, has launched the House of Blockchain in Vaduz, Liechtenstein. The launch took place at an opening ceremony on Monday. During the event, Prime...

FxWirePro: IOTA jumps sharply after listing on Huobi pro exchange, good to buy on dips

May 10, 2018 09:44 am UTC| Digital Currency

IOTA is trading higher and has been experiencing bullish momentum after it got listed in Huobi. Huobi is second largest crypto currency exchange on basis of 24- hour trading volume. It is also going to get listed in...

Digital Currency Revolution

FxWirePro: BTC/USD finds support near Cloud top, further bearishness only on decisive break below

May 10, 2018 07:16 am UTC| Digital Currency

BTC/USD is extremely rangebound on Thursday as it faces strong resistance at 10-DMA. It is currently trading at 9261 levels at the time of writing (Bitstamp). On the upside, a break above 9426 (10-DMA) would target 9800...

Digital Currency Revolution

Hybrid wallet provider Paycent integrates Dash cryptocurrency

May 10, 2018 06:48 am UTC| Digital Currency

Texcents subsidiary app Paycent, a hybrid wallet for fiat and digital assets, has added support for Dash cryptocurrency. With this integration, users and merchants will be able to buy, sell, and convert between digital...

Blockchain Revolution Series

China begins work to establish national standards for blockchain technology: Report

May 10, 2018 06:06 am UTC| Digital Currency

China is reportedly working on national standards for blockchain technology to foster the use of the technology in the country. Local news outlet reports that the blockchain standards will be completed by the end of...

Digital Currency Revolution

Dash Core CEO regains control of hacked Twitter account

May 10, 2018 05:10 am UTC| Digital Currency

Dash Core Group CEO Ryan Taylor is the latest victim of a social media hack. In an official statement sent to EconoTimes through PR firm Wachsman, Taylor confirmed the hack stating: It has come to my attention that I...

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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...