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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

Chinese regulators look to block 124 foreign crypto exchanges amid wider crackdown

Aug 23, 2018 09:20 am UTC| Digital Currency

Chinese financial regulators are continuing with their crackdown on crypto businesses in the country and are now targeting foreign cryptocurrency exchanges offering trading services in China. Referring to a report from...

Digital Currency Revolution

FxWirePro: BTC/USD extends consolidation below 6500, further bullishness only on decisive break above

Aug 23, 2018 07:16 am UTC| Digital Currency Technicals

(Refer BTC/USD chart on Trading View) BTC/USD failed to hold its strength above 6500 levels and closed in the red at 6355 levels on Wednesday. The pair is currently trading at 6424 levels at the time of writing...

Blockchain Revolution Series

Digital Currency Revolution

Bank of Thailand taps R3’s Corda DLT platform for wholesale central bank digital currency

Aug 23, 2018 06:40 am UTC| Digital Currency Fintech

The Bank of Thailand (BOT) has announced that it is developing a wholesale central bank digital currency (wholesale CBDC) using R3s Corda platform. The central bank has officially unveiled Project Inthanon aimed at...

Digital Currency Revolution

FxWirePro: Bears keep ETH/USD below 300, further bullishness only on decisive break above

Aug 22, 2018 11:18 am UTC| Digital Currency Technicals

(Refer ETH/USD chart on Trading View) ETH/USD continues to consolidate in a narrow range as it faces strong resistance at 300 levels. It is currently trading at 284 levels at the time of writing (Coinbase). On the...

Digital Currency Revolution

Crypto exchange Coinbase shares core principles for institutional business

Aug 22, 2018 10:44 am UTC| Digital Currency

Leading cryptocurrency exchange Coinbase on Tuesday introduced its Institutional Core Principles. In an online post, Adam White, Vice President and General Manager at Coinbase, shared a set of core principles that will...

Digital Currency Revolution

WeChat blocks several crypto and blockchain related media accounts: Report

Aug 22, 2018 09:05 am UTC| Digital Currency

Chinese social media giant WeChat has reportedly blocked several cryptocurrency and blockchain related accounts, CoinTelegraph reported referring to a report from local news outlet Lanjinger. A WeChat official told...

Digital Currency Revolution

FxWirePro: BTC/USD surges by $400 in an hour, bias neutral

Aug 22, 2018 07:31 am UTC| Digital Currency Technicals

(Refer BTC/USD chart on Trading View) BTC/USD surged to 6906 levels earlier in the day. Reports suggest that the spike coincided with BitMEX halting its services for maintenance purposes. The pair is currently...

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Economy

Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat

The U.S. dollar is expected to remain well-supported in the near term despite the recent decline in oil prices, according to a new Goldman Sachs analysis. While lower crude prices have eased concerns about a severe global...

Russia Stocks End at Six-Month Low as MOEX Index Stalls, Gold Surges and Oil Retreats

Russian stocks closed mixed on Saturday, with the MOEX Russia Index finishing flat at 0.00% and touching its lowest level in six months. Investor sentiment remained cautious as gains in select stocks were offset by...

Carney and Macron Strengthen Canada-France Defense Ties Amid US Trade Uncertainty

Canadian Prime Minister Mark Carney and French President Emmanuel Macron have agreed to expand defense and industrial cooperation, reinforcing Canadas growing partnership with Europe as trade tensions with the United...

IMF Advances Ukraine Loan Program, Clears $690M Disbursement

The International Monetary Fund (IMF) has reached a staff-level agreement with Ukraine following the latest review of the countrys $8.1 billion loan program, paving the way for a new disbursement of approximately $690...

Oil Prices Fall as U.S.-Iran Peace Deal Hopes Ease Supply Concerns

Global oil prices dropped sharply on Friday and were set for significant weekly losses as growing optimism surrounding a potential U.S.-Iran peace agreement raised expectations that the Strait of Hormuz could soon reopen,...

Politics

Senior Haitian Security Official Kidnapped as Gang Violence Escalates in Port-au-Prince

A senior Haitian government and police official has been kidnapped in Port-au-Prince, marking one of the most significant abductions of a high-ranking figure in Haiti in recent years amid the countrys worsening security...

Taiwan Launches Intelligence Tip Website Targeting Chinese Informants

Taiwan has launched a new website aimed at encouraging Chinese citizens to share intelligence-related information, marking a significant development in cross-strait tensions between Taiwan and China. The initiative,...

U.S.-Iran Peace Framework Nears as Strait of Hormuz Reopening Takes Center Stage

The United States and Iran appear to be moving closer to a long-awaited framework agreement aimed at ending months of conflict, although uncertainty remains over the timing of a formal signing. U.S. President Donald Trump...

Trump Says U.S.-Iran Deal Could Be Signed Sunday as Tehran Signals More Talks Needed

U.S. President Donald Trump said on Saturday that a peace agreement with Iran is expected to be signed on Sunday, potentially leading to the immediate reopening of the Strait of Hormuz, a critical global oil shipping...

Trump Names James McDonald as New SDNY U.S. Attorney

President Donald Trump announced on Saturday that he intends to appoint James McDonald as the next U.S. Attorney for the Southern District of New York (SDNY), replacing Jay Clayton in one of the nations most influential...

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

SpaceX IPO Sparks Market Optimism as Shares Surge 19% on Trading Debut

SpaceX delivered one of the most significant stock market debuts in recent years, boosting investor confidence and signaling strong demand for high-growth companies despite recent market volatility. The aerospace giant,...

AI Memory Boom Sparks Global Chip Supply Crunch

The rapid expansion of artificial intelligence (AI) infrastructure is creating a structural shortage in the global memory chip market, according to a recent Morgan Stanley report. The investment bank warns that soaring...

Anthropic Restricts Global Access to AI Models After U.S. Security Review

Anthropic has suspended access to its advanced AI models, Fable 5 and Mythos 5, for users outside the United States following new U.S. export restrictions, according to a Wall Street Journal report. The decision highlights...

SpaceX IPO Set for Explosive Debut as Valuation Tops $2.2 Trillion

SpaceX is poised for one of the most historic stock market debuts ever, with shares expected to open nearly 30% above their initial public offering (IPO) price. According to preliminary Nasdaq data, SpaceX stock (NASDAQ:...

Meta AI Strategy Faces Challenges as Zuckerberg Admits Mistakes in Internal Memo

Meta CEO Mark Zuckerberg has acknowledged that the company has made mistakes during its ongoing artificial intelligence (AI) transformation, according to an internal memo obtained by Reuters. In the memo, Zuckerberg...