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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

ETC/USD breaks above 55-hour EMA, eyes 1.97

Aug 11, 2016 10:52 am UTC| Digital Currency

ETC/USD recovered losses on Thursday and has hit 1.88 levels so far in the day (Kraken). Ichimoku analysis of hourly chart: Tenkan Sen: 1.72 Kijun Sen: 1.76 Trend Reversal: 1.97 (90 EMA) The pair has broken...

Digital Currency Revolution

ETH/EUR faces strong resistance at 11.30, break above targets 13.75

Aug 11, 2016 10:27 am UTC| Digital Currency

ETH/EUR is seen trading in red on Thursday. The pair has made a high of 11.30 and declined from that level (KRAKEN). It is currently trading at 10.57 at the time of writing. Ichimoku analysis of daily chart...

Digital Currency Revolution

TradeZero partners with bitcoin pioneer Jered Kenna to offer first ‘dark pool’ digital currency market trading

Aug 11, 2016 10:08 am UTC| Digital Currency

TradeZero today announced that it has teamed up with bitcoin serial entrepreneur Jered Kenna to create the worlds first dark pool exchange for bitcoin and eventually other digital currencies. Dark pools refer to...

Digital Currency Revolution

Startup aims to garner donations in yet-to-launch cryptocurrency for global charities

Aug 11, 2016 10:07 am UTC| Digital Currency

Cross-Stratum Mutual Community Asia (CSMC), a UK-based techno-finance startup, has announced its plans to release a new cryptocurrency the Cross-Stratum Coin (CSC). The company statement said that the cryptocurrency...

Digital Currency Revolution

FxWirePro: ETC/EUR recovers from the low of 1.4230, good to sell on rallies

Aug 11, 2016 09:42 am UTC| Digital Currency

ETC/EUR has broken major support 1.5400 and declined till 1.42300 levels (KRAKEN). It is currently trading around 1.69970 at the time of writing. Ichimoku analysis of hourly chart shows: Tenkan-Sen level:...

Digital Currency Revolution

IRS not to provide additional guidance on tax treatment of virtual currency transactions

Aug 11, 2016 08:56 am UTC| Digital Currency

According to latest reports, the Internal Revenue Service (IRS) has no plans to provide updates on how existing general tax principles apply to transactions using virtual currency. Tax Revolution reported that the IRS...

Digital Currency Revolution

FxWirePro: BTC/EUR faces strong resistance at 560, good to buy on dips

Aug 11, 2016 07:05 am UTC| Digital Currency

BTC/EUR is seen facing a strong support around 560. The pair has declined slightly after making a high of 540 levels (CEXIO) yesterday. It is currently trading around 534.64 at the time of writing. Ichimoku analysis of...

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Economy

China Bank Lending Rebounds in September, Beats Forecasts

Chinas new bank lending surged in September, exceeding market expectations as Beijing intensified monetary stimulus measures to support its slowing economy. However, weak annual credit growth continued to highlight subdued...

Asian Stocks Fall as Oil Prices Rise Ahead of US CPI Data

Asian stock markets traded mostly lower on Wednesday as a brief recovery in artificial intelligence (AI) shares faded, while rising oil prices and uncertainty ahead of key U.S. inflation data weighed on investor sentiment....

S&P 500 Futures Rise Ahead of US Inflation Data and Bank Earnings

U.S. stock futures edged higher on Wednesday as investors awaited crucial inflation data and quarterly earnings from major Wall Street banks, with concerns over artificial intelligence financing continuing to influence...

Gaza Olive Harvest Collapses as War Destroys Farmland

Gazas olive harvest has plunged dramatically as widespread destruction of agricultural land leaves farmers struggling to recover their livelihoods, even a year after a ceasefire ended major fighting. In central Gaza,...

Italy’s Meloni Warns US-Russia Diesel Deal Could Weaken Ukraine Sanctions

Italian Prime Minister Giorgia Meloni has criticized the recent US-Russia diesel supply agreement, warning that the arrangement could undermine Western sanctions against Moscow and weaken diplomatic efforts to end the war...

Politics

IMF Warns US Debt Crisis Needs Fiscal Action, Urges China to Boost Consumption

The International Monetary Fund (IMF) has warned that the United States cannot rely solely on economic growth to reduce its mounting national debt, urging Washington to introduce fiscal adjustments. Meanwhile, China must...

SpaceX Starlink Restrictions Disrupt Ukraine Military Operations

SpaceX reportedly imposed new restrictions on Starlink satellite terminals used by Ukraines military on Tuesday, disrupting critical battlefield operations as tensions between Kyiv and Washington intensified amid continued...

Trump Announces Massive Oil and Mineral Exploration Plans in Greenland

U.S. President Donald Trump announced Tuesday evening that large-scale oil, natural gas, and mineral exploration activities are expected to begin in Greenland, highlighting the Arctic territorys vast resource potential and...

China Resumes US Soybean Purchases After Trump-Xi Summit

China has resumed purchases of US soybeans, with state-owned trading companies securing between eight and 10 Panamax cargoes this week, marking the first major deals since Presidents Donald Trump and Xi Jinping met in...

China Warns Taiwan Over South China Sea Coast Guard Incident

China has warned Taiwan of potential consequences after its Coast Guard used a water cannon against a Chinese fishing boat near the disputed Pratas Islands in the South China Sea, escalating tensions as Beijing increases...

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

Alibaba Unveils Qwen AI Smart Glasses, Shares Rise 2%

Alibaba Groups U.S.-listed shares climbed nearly 2% in pre-market trading on Wednesday after the Chinese technology giant introduced its latest Qwen AI smart glasses, strengthening its push into artificial...

ASML Raises 2026 Sales Forecast as AI Chip Demand Surges

ASML, the Dutch semiconductor equipment giant, has raised its full-year 2026 revenue forecast after posting record third-quarter sales, fueled by accelerating artificial intelligence (AI) investments and growing demand for...

Arm Breaches Qualcomm License Deal, Jury Awards $2

A Delaware jury has ruled that Arm Holdings violated its licensing agreement with Qualcomm and intentionally interfered with the chipmakers business relationship with Meta Platforms. However, the jury awarded Qualcomm just...

Nvidia Invests in Four French AI Companies to Expand European Presence

Nvidia Corp is expanding its presence in Europes artificial intelligence market through agreements to acquire minority stakes in four French technology companies, according to a report published Tuesday by French newspaper...

OpenAI Uses AI to Uncover Hidden Recording Device, FBI Makes Arrest

OpenAI has revealed that its artificial intelligence models played a crucial role in investigating a hidden recording device discovered inside one of its offices. The unusual security incident resulted in an employee being...