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Digital Currency Revolution

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Digital currency or digital money is an Internet-based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership. Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an on-line game or social network. In this series, we cover stories and provide insightful analysis of the digital currencies such as bitcoin with no central point of control over the money supply.

Digital Currency Revolution

Crypto-assets do not pose risks to global financial stability: FSB Chair

Mar 19, 2018 10:16 am UTC| Digital Currency

In a letter sent to the G20 Finance ministers and central bank governors, the chair of the Financial Stability Board Mark Carney has stated that cryptocurrencies such as bitcoin do not pose risks to the global financial...

Digital Currency Revolution

New York cryptocurrency companies to be charged with higher electricity rates

Mar 19, 2018 09:37 am UTC| Digital Currency

In a recent ruling, the New York State Public Service Commission has allowed upstate municipal power authorities to charge higher electricity rates to cryptocurrency companies. Cryptocurrency companies require huge...

Digital Currency Revolution

FxWirePro: ETH/USD trades well below 200-DMA, further bullishness only on break above

Mar 19, 2018 08:52 am UTC| Digital Currency

ETH/USD dropped to 453 levels on March 18 as it broke below 200-DMA. It is currently trading at 546 levels at the time of writing (Kraken). On the upside, resistance is seen at 595 (200-DMA) and a break above would see...

Digital Currency Revolution

FxWirePro: BTC/USD upside capped by 10-DMA, break below trend line support at 7360 to see further downside

Mar 19, 2018 06:53 am UTC| Digital Currency

BTC/USD dropped to 7325 levels on March 18 before closing at 8188 levels. It is currently trading at 8300 levels at the time of writing (Bitstamp). On the topside, the pair is likely to face resistance at 8564 (10-DMA)...

Blockchain Revolution Series

Digital Currency Revolution

Digital Currency and Blockchain Weekly Round-up – March 16th, 2018

Mar 16, 2018 11:30 am UTC| Digital Currency

IMFs Christine Lagarde calls for international cooperation to fight bitcoin perils Christine Lagarde, Managing Director of the International Monetary Fund (IMF), has called for international cooperation in order to...

Digital Currency Revolution

Litmus test will be public trust and acceptance: MAS’ Ravi Menon on cryptocurrencies as money

Mar 16, 2018 10:46 am UTC| Digital Currency

The litmus test of whether cryptocurrencies can become money will be public trust and acceptance, according to Ravi Menon, Managing Director, Monetary Authority of Singapore (MAS). Speaking at Money20/20, Menon shared...

Digital Currency Revolution

Abra announces support for 20 cryptocurrencies and 50 fiat currencies

Mar 16, 2018 09:24 am UTC| Digital Currency

Digital wallet startup Abra has announced its support for 20 cryptocurrencies and 50 fiat currencies as it rolls out the new version of the Abra app. According to the official release, the app is available to all users...

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Economy

Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks

Oil prices extended their gains during Asian trading on Thursday as geopolitical tensions involving Venezuela and Russia heightened concerns over global crude supply. Market sentiment was boosted after U.S. President...

Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets

Asian shares fell sharply on Thursday as technology stocks came under renewed pressure, driven by growing investor concerns over heavy artificial intelligence spending and its impact on corporate balance sheets. Market...

Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React

The U.S. dollar remained steady against major global currencies on Thursday as investors positioned themselves ahead of key central bank decisions in the United Kingdom, Europe and Japan. Currency markets showed cautious...

BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited

The Bank of England is widely expected to cut interest rates on Thursday as signs mount that UK inflation is easing and economic growth is weakening. Financial markets anticipate a 25-basis-point reduction, bringing the...

U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data

U.S. stock index futures inched higher on Wednesday evening, supported by blowout earnings and strong guidance from Micron Technology, although broader gains remained limited as investors stayed cautious ahead of key U.S....

Politics

Trump Announces $1,776 Cash Bonus for U.S. Military Personnel Ahead of Christmas

U.S. President Donald Trump announced Wednesday evening that eligible U.S. military personnel will receive a one-time cash payment of $1,776, a move he described as a special warrior dividend timed ahead of Christmas. The...

U.S. House Advances GOP Healthcare Bill as ACA Subsidies Near Expiration

A major U.S. federal healthcare subsidy expanded during the COVID-19 pandemic is set to expire at the end of the year after the House of Representatives narrowly advanced a Republican healthcare bill that does not renew...

U.S. Initiates $11.1 Billion Arms Sale to Taiwan Amid Rising China Tensions

Taiwans defence ministry announced on Thursday that the United States government has formally initiated the congressional notification process for a proposed $11.1 billion arms sale to Taiwan, underscoring Washingtons...

Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies

A union-aligned investment group has urged major U.S. corporations including Amazon, Walmart and Google-parent Alphabet to explain how President Donald Trumps immigration policies are affecting their finances, workforce...

Venezuela Seeks UN Security Council Meeting Over U.S. Oil Tanker Blockade

Venezuela has formally requested an urgent meeting of the United Nations Security Council to address what it described as ongoing U.S. aggression against the country, according to a letter seen by Reuters. The request...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...

OpenAI Explores Massive Funding Round at $750 Billion Valuation

OpenAI, the company behind the widely used AI chatbot ChatGPT, has reportedly entered preliminary discussions with investors about a potential new funding round that could value the company at approximately $750 billion....

Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools

Republican lawmakers are raising alarms over potential U.S. national security risks after a Reuters report revealed that Intel evaluated advanced chipmaking equipment from ACM Research, a company with significant ties to...