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Digital Currency Revolution

Federal Reserve monitoring extreme volatility of cryptocurrencies: Governor Brainard

Apr 06, 2018 03:56 am UTC| Digital Currency

The Federal Reserve is closely monitoring the extreme volatility seen in some cryptocurrencies, Governor Lael Brainard said recently. Speaking at the Center for Global Economy and Business, Stern School of Business, New...

Digital Currency Revolution

South Korea’s FTC orders crypto exchanges to revise user agreements

Apr 06, 2018 03:07 am UTC| Digital Currency

South Koreas Fair Trade Commission (FTC) has issued a mandate to a number of domestic cryptocurrency exchanges to revise their user agreements, CoinDesk reported. The order is directed towards 12 of the countrys crypto...

Digital Currency Revolution

FxWirePro: ETH/USD rangebound, upside capped by 10-DMA, bias bearish

Apr 05, 2018 10:39 am UTC| Digital Currency

ETH/USD is continuing its rangebound trading on Thursday with its upside capped by 10-DMA. It is currently trading at 379 levels at the time of writing (Coinbase). On the upside, the pair faces strong resistance at 400...

Initial Coin Offering Series

Token sale platform CoinList secures $9.2M in Series A funding

Apr 05, 2018 10:22 am UTC| Digital Currency

CoinList, a platform where digital asset companies manage their token sales, has raised $9.2 million in its initial fundraising round. The funding round drew contributions from Polychain Capital, Digital Currency Group,...

Digital Currency Revolution

Crypto exchange Coincheck to accept acquisition offer from Monex: Report

Apr 05, 2018 09:37 am UTC| Digital Currency

Following recent reports that suggested Japanese online brokerage Monex Group was considering to take over Coincheck cryptocurrency exchange, Nikkei Asian Review has now reported that Coincheck would accept the acquisition...

Digital Currency Revolution

FxWirePro: BTC/USD fails to hold above 10-DMA, bias bearish

Apr 05, 2018 08:58 am UTC| Digital Currency

BTC/USD closed in the red on Wednesday at 6710 levels as it failed to hold above 10-DMA. It is currently trading at 6805 levels at the time of writing (Bitstamp). On the topside, a decisive break above 7156 (10-DMA)...

Digital Currency Revolution

Bitmain announces first Ethereum ASIC miners

Apr 05, 2018 06:03 am UTC| Digital Currency

Bitcoin mining hardware manufacturer Bitmain has officially announced Antminer E3 which it describes as the most powerful and efficient EtHash ASIC miner. We are pleased to announce the Antminer E3, worlds...

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Economy

Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets

Asian technology and chipmaking stocks fell sharply on Monday as investor caution intensified over growing uncertainties surrounding artificial intelligence (AI) spending and its impact on future earnings. The sell-off...

China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand

Chinas economic momentum showed further signs of strain in November as key indicators pointed to slower growth in industrial output and a sharper-than-expected slowdown in consumer spending, according to official data...

Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns

Oil prices edged higher on Monday, recovering part of last weeks sharp decline, as rising geopolitical tensions between the United States and Venezuela fueled concerns over potential supply disruptions. These worries...

Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks

The U.S. dollar remained under pressure on Monday, extending losses near a two-month low, while the euro and British pound held relatively steady as investors awaited a series of critical central bank decisions this week....

Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious

Asian stock markets opened the week lower as investors reduced risk exposure amid thin year-end liquidity, looming central bank decisions, and a packed schedule of delayed economic data releases. Early Monday trading saw...

Politics

Special Prosecutor Alleges Yoon Suk Yeol Sought North Korea Provocation to Justify Martial Law

A South Korean special prosecutor has accused former President Yoon Suk Yeol of attempting to provoke North Korea into an armed confrontation as part of an alleged plot to justify the declaration of martial law in December...

Supporters Gather Ahead of Verdict in Jimmy Lai’s Landmark Hong Kong National Security Trial

Supporters of Hong Kong democracy activist and media tycoon Jimmy Lai queued overnight outside the citys High Court on Monday as anticipation grew ahead of the verdict in his landmark national security trial, a case that...

Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership

Korea Zincs board is set to convene on Monday to vote on a major overseas investment plan that could significantly strengthen the supply chain for critical minerals in the United States. According to a source familiar with...

Hong Kong Democratic Party Disbands After Member Vote Amid Security Crackdown

Hong Kongs last major opposition party, the Democratic Party, has voted to disband, marking a significant moment in the citys political history and underscoring the impact of Chinas national security crackdown on liberal...

Ukraine’s NATO Concession Unlikely to Shift Peace Talks, Experts Say

Ukraines recent offer to abandon its long-standing ambition to join NATO is unlikely to have a major impact on ongoing peace talks with Russia, according to several foreign policy and security experts. During discussions...

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

iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures

iRobot, the company behind the popular Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection in the United States as it prepares to go private through an acquisition by Picea Robotics, its primary...

Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges

Nvidia is evaluating whether to expand production capacity for its powerful H200 artificial intelligence chips after demand from Chinese customers significantly exceeded current supply, according to multiple sources...

SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles

SpaceX has reportedly begun the early stages of preparing for a potential initial public offering (IPO), marking a significant milestone for the private aerospace company founded by Elon Musk. According to a report from...

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...

Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand

Mizuho Securities has raised its price target on Broadcom Inc. (NASDAQ: AVGO), highlighting accelerating momentum in the companys artificial intelligence business and a rapidly expanding long-term backlog. The brokerage...