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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

Retirement fund provider Bitcoin IRA adds XRP to portfolio

Sep 01, 2017 07:05 am UTC| Digital Currency

BitcoinIRA.com, a Los Angeles-based company allowing individuals to purchase cryptocurrencies for an IRS-approved retirement account, has announced the addition of the digital asset XRP to its portfolio. With the...

Digital Currency Revolution

BTC-e cryptocurrency exchange is back via new website after domain seizure

Sep 01, 2017 04:48 am UTC| Digital Currency

Troubled cryptocurrency exchange BTC-e has launched a new website after law enforcement agencies seized the original one recently. CoinDesk reported that the new website is accessible through the domain btc-e.nz. The...

Initial Coin Offering Series

Digital Currency Revolution

Korean fintech company Metaps Plus announces new cryptocurrency exchange ‘CoinRoom’ and token ‘PlusCoin’

Aug 31, 2017 10:42 am UTC| Digital Currency

Cryptocurrencies such as bitcoin, ether, Litecoin, and others have witnessed remarkable growth this year. Bitcoin price crossed $4,600 mark for the first time this week, while Ethereum appears to be on its way to surpass...

Digital Currency Revolution

Bitcoin startup BitPesa announces Greycroft as lead investor in follow-up to Series A funding

Aug 31, 2017 09:40 am UTC| Digital Currency

BitPesa, a Kenya-based blockchain payments platform, has announced leading VC firm Greycroft as its lead investor in a follow-up to its Series A funding round. The startup said that with a majority of existing...

Digital Currency Revolution

FxWirePro: BTC/USD faces strong trend line resistance at 4678, break above to see further upside

Aug 31, 2017 06:58 am UTC| Digital Currency

BTC/USD is consolidating in a narrow range as it faces strong trend line resistance at 4678 levels. It is currently trading at 4600 levels at the time of writing (Bitstamp). Ichimoku analysis of daily chart: Tenkan...

Digital Currency Revolution

Cryptocurrency exchange ShapeShift terminates service to Washington State

Aug 31, 2017 04:03 am UTC| Digital Currency

Leading digital asset exchange ShapeShift has announced that it will stop its services in the State of Washington due to regulatory policies. As a customer-facing service provider operating in hundreds of jurisdictions,...

Digital Currency Revolution

FxWirePro: ETH/USD struggles to hold break above trend line, close below to see further downside

Aug 30, 2017 10:29 am UTC| Digital Currency

ETH/USD broke above the trend line joining 271.40 and 345.99 and hit a high of 389.50 so far in the day. It is currently trading at 368 levels at the time of writing (Kraken). Ichimoku analysis (Daily...

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Economy

Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High

Gold prices slipped in Asian trading on Thursday as investors evaluated the Federal Reserves latest policy signals, which combined a widely expected interest rate cut with a surprisingly dovish move to boost liquidity. The...

Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure

Asian currencies traded cautiously on Thursday after the U.S. Federal Reserve delivered a widely expected 25-basis-point rate cut but paired it with a hawkish outlook. The Fed lowered its benchmark rate to 3.50%-3.75%,...

BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025

The Bank of Japan is widely expected to raise interest rates by 25 basis points to 0.75% at its December 1819 meeting, according to a new Reuters poll that shows growing confidence in the central banks shift away from...

Australia’s Labour Market Weakens as November Employment Drops Sharply

Australias labour market showed clear signs of cooling in November, with national employment falling by the most in nine months. According to the Australian Bureau of Statistics, total employment declined by 23,100 jobs,...

Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries

Mexico has taken a decisive step to strengthen its domestic manufacturing sector by approving significant tariff hikes on a wide range of imports from China and several other Asian countries. The Senate passed the measure...

Politics

Environmental Group Sues to Block Trump Image on U.S. National Park Passes

An environmental organization has filed a lawsuit to stop the U.S. Interior Department from placing an image of former President Donald Trump on next years America the Beautiful annual national park pass. The Center for...

Trump Administration Unveils High-Priced “Trump Gold Card” Visa Program

The Trump administration has officially introduced the Trump Gold Card, a premium visa program that offers non-U.S. citizens an expedited pathway to live and work in the United Statesat a steep cost. Launched through...

Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges

Australias groundbreaking ban on social media use for children under 16 has entered its first days with both praise and pushback, as Prime Minister Anthony Albanese acknowledged the rollout would not be flawless. The law,...

Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate

Japans government is preparing a new round of tax incentives aimed at accelerating corporate investment, according to a report from the Nikkei business daily. The initiative comes even as policymakers intensify discussions...

Trump Plans Call With Thailand and Cambodia to Ease Rising Border Tensions

U.S. President Donald Trump announced Wednesday that he will hold a phone call Thursday with leaders from Thailand and Cambodia as Washington attempts to ease escalating tensions between the two Southeast Asian nations....

Science

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...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand

South Koreas leading memory-chip producer SK Hynix is exploring a potential listing on the U.S. stock market through American Depositary Receipts (ADRs), according to a regulatory filing released Wednesday. The company...

SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters

SoftBank Group shares dropped sharply on Thursday, leading declines across Japanese markets, after Oracles mixed quarterly earnings reignited concerns about soaring artificial intelligence investments. SoftBank (TYO:9984)...

SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans

Elon Musk signaled that SpaceX is moving closer to a long-anticipated initial public offering, confirming on Wednesday that reports of an upcoming IPO were accurate. His response came after Ars Technica editor Eric Berger...

Nvidia Develops New Location-Verification Technology for AI Chips

Nvidia has confirmed the development of a new location-verification technology designed to help identify the country where its AI chips are being used, a move aimed at curbing the smuggling of advanced processors into...

EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute

The General Court of the European Union has significantly reduced Intels antitrust fine, lowering it from the previously imposed 376 million to 237.1 million ($438 million to $276 million). The ruling, issued Wednesday,...