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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.

Blockchain Revolution Series

Digital Currency Revolution

Binance expands to Jersey, plans to set up compliance base and cryptocurrency exchange

Jun 14, 2018 11:50 am UTC| Digital Currency

Binance, the largest cryptocurrency in the world on the basis of 24-hour trading volume, has announced its expansion to Jersey. Digital Jersey, an independent organisation promoting Jerseys digital industries, has...

Digital Currency Revolution

RBI to uphold accountability in forbidding cryptocurrencies - After High Courts of India, ball is now in court of India’s Supreme Court

Jun 14, 2018 11:40 am UTC| Digital Currency Research & Analysis Central Banks Insights & Views

India has been the predominant country for FinTech innovation. But on the contrary, conflicting cryptocurrencies appears to be a downright adverse approach in this regard. Indian central bank, Reserve bank of India had...

Digital Currency Revolution

Crypto exchange Bithumb adds support for Cardano and Status Network tokens

Jun 14, 2018 11:04 am UTC| Digital Currency Fintech

South Korean cryptocurrency exchange Bithumb has announced support for Cardano (ADA) and Status Network (SNT) tokens on its platform. Cardano(ADA) and Status Network Token(SNT) will be listed on Bithumb...

Blockchain Revolution Series

Digital Currency Revolution

New bills seek illegality for forging blockchain data in Michigan

Jun 14, 2018 10:15 am UTC| Digital Currency

Two new bills have been introduced in the state of Michigan that seeks to prosecute persons who falsely alter public records on a blockchain. The Michigan state legislature has introduced two House Bills 6257 and 6258...

Digital Currency Revolution

FxWirePro: ETH/USD struggles to break above 500, bias bearish, stay short

Jun 14, 2018 09:31 am UTC| Digital Currency

ETH/USD dropped to 450 levels on Wednesday before closing at 476 levels. It is currently trading at 486 levels at the time of writing (Coinbase). On the upside, the pair faces immediate resistance at 491 (1h 50-SMA) and...

Digital Currency Revolution

Recent Swiss referendum strikes the chord on Bitcoin fundamentals, consensus not suffice though to prove cryptocurrency-backed economy

Jun 14, 2018 08:28 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views Fintech Commentary

Last Sunday, Swiss referendum conducted on Sovereign Money (or Vollegeld in German), where almost about 500,000 Swiss citizens casted their votes that sounds in favor of a financial system backed by fundamentals of...

Digital Currency Revolution

FxWirePro: BTC/USD recovers above 6400 after hitting 6120, overall bias remains bearish, stay short

Jun 14, 2018 07:43 am UTC| Digital Currency

BTC/USD dropped to 6120 levels on Wednesday before closing at 6307 levels. It is currently trading at 6481 levels at the time of writing (Bitstamp). On the topside, the pair now faces resistance at 6539 (1h 50-SMA) and...

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Economy

Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets

Gold prices edged higher on Friday and headed for a weekly gain as weaker-than-expected U.S. retail sales further reduced expectations for a Federal Reserve interest rate hike in September. Spot gold rose 0.5% to $4,374.30...

S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint

The SP 500 closed lower on Friday, retreating from its latest record high as weakness in AI-related stocks and disappointing U.S. retail sales weighed on investor sentiment. The SP 500 fell 0.17% to 7,785.76, while the...

Trump Imposes New Tariffs on Drone Imports Over US Security Concerns

President Donald Trump has announced new tariffs on imported drones and drone components, citing national security concerns and the United States heavy dependence on foreign suppliers. Under a proclamation signed by Trump,...

Strait of Hormuz Shipping Near Standstill After New Vessel Attacks

Shipping through the Strait of Hormuz slowed to a near standstill on Friday after two more vessels were attacked, while the United States signaled it could maintain its naval blockade of Iran indefinitely. The disruption...

US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets

The U.S. dollar edged lower on Friday as weaker economic data prompted traders to scale back expectations for another Federal Reserve rate hike. Despite the decline, the greenback was poised to end a two-week losing streak...

Politics

US Presses Netanyahu to Condemn West Bank Settler Siege

The United States is urging Israeli Prime Minister Benjamin Netanyahu to publicly condemn militant Israeli settlers accused of besieging Palestinian families in Qusra, a village in the occupied West Bank, according to U.S....

Haftar Helps Broker Release of American Hostage Held by ISIS Affiliate

Libyan military commander Khalifa Haftar helped broker the release of an American hostage held by an Islamic State affiliate in West Africas Sahel region, according to four sources familiar with the negotiations. Kevin...

Israeli Troops Enter Palestinian Homes as Settler Siege Grips West Bank Village

Israeli troops took positions inside Palestinian homes in the occupied West Bank village of Qusra on Thursday as a settler siege left families trapped without electricity or water, according to the village mayor and...

Jared Kushner May Visit Israel for Gaza Talks Next Week

U.S. President Donald Trumps envoy and son-in-law, Jared Kushner, could travel to Israel next week for talks aimed at advancing the administrations Gaza peace plan, according to a source familiar with the matter. Axios...

Albanese Says AUKUS ‘Full Steam Ahead’ After Trump Call

Australian Prime Minister Anthony Albanese said the AUKUS defence pact remains full steam ahead following a lengthy phone call with U.S. President Donald Trump, as Canberra also pushes Washington for a complete exemption...

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

Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion

Alphabets early investment in SpaceX has delivered extraordinary returns, with the Google parents stake valued at roughly $94.2 billion at the end of June. The company originally invested $900 million in Elon Musks rocket...

Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover

Stripe and private equity firm Advent International reportedly offered to acquire PayPal for $60.50 per share in July, valuing the payments company at roughly $53 billion. PayPal rejected the proposal as too low, but...

J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth

J.P. Morgan upgraded SanDisk to Overweight from Not Rated and set a December 2027 price target of $2,250, citing stronger long-term growth prospects following the flash memory companys 2026 Investor Day in New York....

Micron Stock Upgraded to Buy as New Street Sees $2 Trillion Valuation Potential

New Street Research has upgraded Micron Technology (NASDAQ: MU) to a Buy rating with a $1,250 price target, arguing that the semiconductor company is entering a fundamentally different memory cycle driven largely by...

Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears

Apple Inc. (NASDAQ: AAPL) has reportedly developed a large language model specifically for China in collaboration with Alibaba (HK: 9988), signaling a significant shift in the iPhone makers artificial intelligence strategy...