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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

Former CEO of Bakkt Officially Sworn-in As The US Senator

Jan 08, 2020 06:44 am UTC| Research & Analysis Digital Currency Commentary

Kelly Loeffler, who happens to be the former CEO of ICE-backed crypto exchange Bakkt, has sworn-in to serve in the US Senate, she has officially been appointed by Georgia Governor, Brian Kemp. She announces this news...

Digital Currency Revolution

Is Apple’s iPhone Silently Embracing Cryptos?

Jan 07, 2020 11:30 am UTC| Research & Analysis Digital Currency

At times, the obsessed Tech-Gadget savvies seem to have been little baffled as the words reputed mobile making companies, both Apple and Samsung have been slightly confusing the mobile markets when it comes to the features...

Digital Currency Revolution

Bulls’ Eye On Commodities and Crypto-Avenues Amid Growing Geopolitical Tensions

Jan 07, 2020 07:15 am UTC| Research & Analysis Commentary Digital Currency Insights & Views

The commodity and crypto markets have gained upside traction on the back of the U.S. airstrike that killed one of Irans commando in chief, Qassem Soleimani, who happened to be a senior Iranian influential military...

Digital Currency Revolution

Ripple Price Skyrockets With 15% Gains On Binance’s Launch of Perpetual Swap Contracts For XRP

Jan 07, 2020 06:30 am UTC| Research & Analysis Digital Currency Commentary

Ripple price (XRPUSD) has surged considerably yesterday, spiked from the day lows of 0.19391 to the day highs of 0.22391 levels. Thereby, the pair has gained about 15% in a single day. What drives such a vigorous bullish...

Digital Currency Revolution

Bitcoin's threat to the global financial system is probably at an end

Jan 06, 2020 17:02 pm UTC| Insights & Views Digital Currency

2020 could well be the year that the cryptocurrency dream dies. This is not to say that cryptocurrencies will die altogether far from it. But to all the financial romantics who have cheered the rise of bitcoin and other...

Digital Currency Revolution

Take a Tour on CME Bitcoin Futures Performance in 2019

Jan 06, 2020 08:06 am UTC| Research & Analysis Digital Currency

The gradual maturing phase of the cryptocurrency gamut has been observed of late as the influence of institutional investors has grown in the aftermath of the listing of CME bitcoin futures since Dec 2017. Indeed, a few...

Digital Currency Revolution

Lines-up For Chamber of Digital Commerce, Ex-CFTC Chair & Crypto Dad Highlights

Jan 06, 2020 07:02 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

Binance.US announces that the exchange has lined-up to associate with the Chamber of Digital Commerce as an Executive Committee member. The announcement has come in as they intend to bring education, advocacy, and...

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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...