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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

Iran to launch its own cryptocurrency

Jul 27, 2018 10:02 am UTC| Digital Currency

The government of Iran is making efforts to launch its own cryptocurrency in a bid to bypass international financial sanctions, Bitcoin.com reported referring to Irans Press TV. The move resembles similar such...

Digital Currency Revolution

SEC thumbs down to Winklevoss application for Bitcoin ETFs

Jul 27, 2018 08:32 am UTC| Research & Analysis Digital Currency Insights & Views Fintech

Weve witnessed that the constant upsurge in the price of Bitcoin above $8k from the lows of $5,755, but from Wednesday, bears have resumed their business as the BTC price slides back below $8,000 on today after the U.S....

Digital Currency Revolution

FxWirePro: BTC/USD slips below 8000 on SEC’s rejection of Winklevoss’ bitcoin ETF, finds support at 7-DMA

Jul 27, 2018 07:21 am UTC| Digital Currency Technicals

BTC/USD plunged to 7853 levels after the U.S. Securities and Exchange Commission (SEC) rejected the second attempt by the Winklevoss twins to launch a cryptocurrency exchange-traded fund (ETF). The downtrend has found...

Digital Currency Revolution

Google bars cryptocurrency mining apps from Play Store

Jul 27, 2018 05:17 am UTC| Digital Currency

Google has banned cryptocurrency miners on the Play Store in its updated Play Store developer policy, according to Android Police. Earlier this year, the search engine giant banned crypto mining extensions from the...

Digital Currency Revolution

FxWirePro: ETH/USD upside capped by trend line resistance at 480, good to go long on close above 55-EMA

Jul 26, 2018 11:27 am UTC| Digital Currency Technicals

ETH/USD is hovering around 50-DMA at 480 levels at the time of writing (Coinbase). On the upside, a break above 480 (convergence of 50-DMA and trend line joining 828.97 and 515.88) would see the pair testing the 495...

Digital Currency Revolution

New York-based Voyager to launch commission-free mobile crypto trading app

Jul 26, 2018 10:55 am UTC| Digital Currency

Voyager, a new crypto asset brokerage, has announced its first offering a mobile application that will provide retail investors an institutional-grade platform to efficiently and securely manage all their crypto assets in...

Digital Currency Revolution

FxwirePro: BTC/USD faces trend line resistance at 8450, break above likely to test 200-DMA

Jul 26, 2018 07:21 am UTC| Digital Currency Technicals

BTC/USD is trading in a close range on Thursday after it closed in the red at 8049 levels on July 25. It is currently trading at 8286 levels at the time of writing (Bitstamp). On the upside, the pair faces immediate...

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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...