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Digital Currency Revolution

GMG Files Provisional Blockchain Patent; Financial Services Industry Set For Radical Changes

Feb 24, 2016 12:05 pm UTC| Digital Currency

Gartland Mellina (GMG), a management consulting firm focused on the financial services industry, has announced that it has filed a provisional patent application to develop unique, holistic, blockchain solutions for the...

Digital Currency Revolution

RBA Sees Scope For Digital Version Of Australian Dollar

Feb 24, 2016 10:07 am UTC| Digital Currency

Realizing the potential of digital currencies to revolutionize the payment and settlement system, financial authorities seem to be increasingly taking interest in creating their own digital currency. Peoples Bank of China...

Digital Currency Revolution

BuyCo.io Leverages Blockchain Technology For Collective Purchases

Feb 24, 2016 09:16 am UTC| Digital Currency

BuyCo.io, a decentralised commerce (dCommerce) marketplace, has announced a new form of collective purchasing using permissioned distributed ledgers and smart contracts. It allows groups of people and companies to...

Digital Currency Revolution

moBUinet Launches Social Network Platform For Digital Currency Community

Feb 24, 2016 08:34 am UTC| Digital Currency

moBUinet, that describes itself as the home for all digital currencies - where individuals, communities and businesses can come together to interact and transact, has announced the launch of the first social network...

Digital Currency Revolution

GTEC Invites Applications For Blockchain Innovation Award

Feb 24, 2016 07:11 am UTC| Digital Currency

German Technology Entrepreneurship Center (GTEC), Germanys first open, private-sector platform for entrepreneurship, established at ESMT European School of Management and Technology in Berlin, has launched its first ever...

Digital Currency Revolution

Ripple Claims To Help Banks Save Substantial Global Settlement Costs

Feb 24, 2016 06:34 am UTC| Digital Currency

Ripple, distributed ledger technology provider, has released a report, titled The Cost-Cutting Case for Banks, in which it details the ROI of using Ripple and XRP for global interbank settlements. The analysis in the paper...

FxWirePro: BTC/USD faces strong support around $390, good to buy at dips

Feb 24, 2016 06:28 am UTC| Technicals Digital Currency

BTC/USD breaks minor support and declined till $409 at the time of writing. It is currently trading around $412. Short term trend is still bullish as long as support $390 holds. Any break below $390 confirms...

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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...