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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

“Here’s another US-based Blockchain ETF Company” - Talk of the FinTech universe

May 17, 2018 11:56 am UTC| Fintech Digital Currency Insights & Views

A couple of days ago, NASDAQ was already supporting existing crypto exchanges. It also proclaims a collaboration with cryptocurrency exchange Gemini, founded by one of the pioneer bitcoin investors Tyler and Cameron...

Digital Currency Revolution

James Bullard of Federal Reserve keen on “Stable Money Than Volatile Crypto” at consensus conference

May 17, 2018 08:35 am UTC| Digital Currency Fintech Insights & Views Central Banks

At this years consensus conference in New York City, James Bullard, St. Louis Federal Reserve President, was lately questioned. The chief candidate to form the US monetary policy was in attendance is victory enough;...

Digital Currency Revolution

FxWirePro: BTC/USD hovers around 50-DMA with bearish bias, stay short

May 17, 2018 07:25 am UTC| Digital Currency

BTC/USD is trading in a narrow range on Thursday and hovering around 50-DMA at 8326 levels at the time of writing (Bitstamp). On the top side, the pair faces strong resistance at 8691 (10-DMA) and a break above would...

Digital Currency Revolution

Thai regulations now levy capital gain tax on ‘Cryptocurrency Trading’

May 17, 2018 07:25 am UTC| Digital Currency Insights & Views Governance

The regulatory frameworks in Thailand seem stringent, however, it would be convenient when people abide by the fundamental guidelines. While the ban on Bitcoin and altcoins trading is unlikely under any circumstances. That...

Digital Currency Revolution

Japanese banking giant plans large-scale trial of own cryptocurrency ‘MUFG Coin’: Report

May 17, 2018 06:53 am UTC| Digital Currency

The banking arm of Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) is planning to test its own cryptocurrency as early as 2019, CoinTelegraph reported referring to a report from local news outlet NHK. The...

Blockchain Revolution Series

Digital Currency Revolution

Circle attracts $110M in Series E round, announces dollar-pegged cryptocurrency ‘USD Coin’

May 16, 2018 11:20 am UTC| Digital Currency

Blockchain-based payments startup Circle made two major announcements a $110 million Series E round and tokenized US dollar coins USD Coin. The funding round was led by Bitmain and drew support from existing investors...

Digital Currency Revolution

FxWirePro: ETH/USD upside capped by 10-DMA, good to go short on break below 200-DMA

May 16, 2018 10:32 am UTC| Digital Currency

ETH/USD failed to break above 10-DMA and is trading tad lower at 696 levels at the time of writing (Coinbase). On the upside, a decisive break above 719 (10-DMA) would see the pair testing 775 (trend line joining...

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Economy

South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom

South Africa is keen to make use of potential new European Central Bank (ECB) repo liquidity lines, according to central bank governor Lesetja Kganyago, as the country continues to navigate easing inflation and a gradual...

Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength

Russian stocks finished the latest trading session on a mixed note, with the MOEX Russia Index closing flat as gains in select blue-chip shares were offset by losses in others. At the close of trading in Moscow, the...

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....