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Digital Currency Revolution

Ripple forms gravestone doji, tumbles on allegations of breach of US security laws, more slumps likely on bearish crossovers

May 07, 2018 06:01 am UTC| Digital Currency

San Diego resident Ryan Coffey lodged a lawsuit against Ripple Labs, its CEO, and subsidiary. The plaintiff alleges that the defendants have violated the state and federal securities laws, engaging in schemes to raise...

Digital Currency Revolution

South Korean regulator considers relaxing cryptocurrency regulations

May 07, 2018 05:54 am UTC| Digital Currency

The newly appointed governor of South Koreas Financial Supervisory Service (FSS) has hinted on the regulators plans to ease cryptocurrency regulations in the country, The Korea Times reported. Regarding...

Digital Currency Revolution

Japan’s FSA outlines new five-point criteria for cryptocurrency exchange regulations

May 07, 2018 05:12 am UTC| Digital Currency

In a bid to circumvent digital currency heists going forward, Japans Financial Services Agency is going to implement stricter guidelines for cryptocurrency exchanges, according to Nikkei Asian Review. The move follows...

Blockchain Revolution Series

PwC acquires minority stake in blockchain startup VeChain

May 07, 2018 04:26 am UTC| Digital Currency

Consulting giant PwC has announced the acquisition of a minority stake in blockchain startup VeChain. In a press release dated May 4, PwC Hong Kong and PwC Singapore announced that they are in a joint business...

Digital Currency Revolution

FINRA approves public quotation of Ethereum Classic Investment Trust shares from Grayscale Investments

May 07, 2018 03:31 am UTC| Digital Currency

Grayscale Investments, a wholly-owned subsidiary of Digital Currency Group, has announced that it has received approval from the Financial Industry Regulatory Authority (FINRA) to place shares of Ethereum Classic...

Digital Currency Revolution

Well-anticipated development from Goldman Sachs on Bitcoin after fresh hire Justin Schmidt

May 04, 2018 12:17 pm UTC| Digital Currency Insights & Views

In the recent past, globally renowned investment banking company Goldman Sachs employed Justin Schmidt as its head of digital assets to pioneer the operations. Ever since then weve been hearing hints of constructive...

Blockchain Revolution Series

Digital Currency Revolution

Digital Currency and Blockchain Weekly Round-up – May 4th, 2018

May 04, 2018 11:39 am UTC| Digital Currency

Australian securities regulator ASIC comes down heavily on deceptive ICOs The Australian Securities and Investment Commission (ASIC) has announced a crackdown on dubious initial coin offerings (ICOs). The announcement...

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Economy

Oil Prices Surge as Houthi Attacks Raise Saudi Supply Fears

Oil prices climbed sharply on Tuesday as fresh Houthi attacks on Saudi Arabia intensified fears of Middle East supply disruptions, while stalled negotiations over reopening the Strait of Hormuz kept geopolitical risks...

Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets

Gold prices were largely steady on Tuesday after sliding more than 1% in the previous session, as escalating Middle East oil supply disruptions increased expectations that the Federal Reserve will raise interest rates this...

Finland Raises 2026 Growth Forecast as Exports and Investment Surge

Finlands economy is expanding faster than previously expected as stronger exports and investment support a broader recovery after years of weak growth, according to the Bank of Finland. The Finnish central bank now...

China Home Prices Fall Again as Property Slump Drags on Growth

Chinas new home prices declined again in August, highlighting persistent weakness in the countrys property market and adding pressure on policymakers to introduce stronger measures to support domestic demand. New home...

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...

Politics

Bill Gates Warns Governments Are Unprepared for AI Disruption

Bill Gates has warned that governments worldwide are not adequately prepared for the sweeping changes artificial intelligence could bring to society, including job disruption, security threats and growing dependence on AI...

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...

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

Ex-Google DeepMind Researcher Warns AI Could Pose Existential Threat

A former Google DeepMind researcher has warned that rapidly advancing artificial intelligence could pose a severe threat to humanity, adding to growing calls from prominent AI figures for stronger safety measures and...

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)...

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...

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...

Law