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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

Cryptocurrency exchange Gatecoin likely to relaunch in July

Jun 09, 2016 06:22 am UTC| Digital Currency

Gatecoin, the Hong Kong-based cryptocurrency exchange, has provided new updates on ETH fundraising and technology team recruitment, following the hot wallet breach in which it lost ETH 185,000 and BTC 250(which is...

Digital Currency Revolution

Canadian university paid bitcoins to ransomware hackers to restore data access

Jun 09, 2016 06:15 am UTC| Digital Currency

The University of Calgary in Canada paid bitcoins worth 20k Canadian dollars to ransomware hackers in order to restore access to data after hundreds of its computers were attacked. The university was unable to unwind...

Digital Currency Revolution

Coinsource expands bitcoin ATM network in US

Jun 09, 2016 05:52 am UTC| Digital Currency

Coinsource, a leading Bitcoin ATM network, has set up its first bitcoin ATM in New Orleans, Louisiana, along with new machines in Newark and Jersey City, New Jersey, bringing its total number of machines to 35,...

Digital Currency Revolution

Bitcoin transaction volume rises in Turkey after PayPal's exit

Jun 09, 2016 05:09 am UTC| Digital Currency

The volume of bitcoin online transactions has increased in Turkey after PayPal has stopped its operations in the country from June 6 following the non-approval of its license. According to a Turkish bitcoin exchange...

Digital Currency Revolution

New study analyses bitcoin system in transaction fee based environment

Jun 08, 2016 12:40 pm UTC| Digital Currency

A recent study conducted by Miles Carlsten at Princeton University under the supervision of Arvind Narayanan and contribution from Matt Weinberg, sheds light on the issues associated with the bitcoin ecosystem, including...

Digital Currency Revolution

Trojan-linked spam messages look to steal bitcoins from MtGox victims

Jun 08, 2016 09:13 am UTC| Digital Currency

MtGox victims are still waiting patiently to reclaim their money that they lost when the Japanese bitcoin exchange collapsed in 2014. However, their ordeal seems to be far from over as now they are flooded with spam...

Digital Currency Revolution

Silk Road 2.0 admin Brian Farrell sentenced to 8 years in prison

Jun 08, 2016 07:35 am UTC| Digital Currency

According to latest reports, Brian Farrell, a support manager and second-in-command on Silk Road 2.0 (SR2) that launched when the original Ross Ulbrichts Silk Road was seized in 2013, has been sentenced to 8 years in...

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Economy

Oil Prices Mixed as Russia Diesel Deal and Houthi Attacks Raise Supply Concerns

Oil prices traded mixed on Tuesday as investors assessed the impact of a U.S.-Russia diesel supply agreement alongside growing concerns about Middle East oil disruptions following escalating Houthi attacks in Yemen and...

Wall Street Closes Lower as Bank Earnings and AI Concerns Weigh

Wall Street stocks ended slightly lower on Tuesday, October 13, as mixed bank earnings and growing concerns over Chinese artificial intelligence competition pressured investor sentiment ahead of key U.S. inflation data....

IMF Maintains 2027 Global Growth Forecast at 3.4% Amid Rising Risks

The International Monetary Fund (IMF) maintained its 2027 global economic growth forecast at 3.4%, warning that escalating Middle East tensions, rising government debt and persistent inflation could threaten the global...

Philippines Current Account Deficit Seen at $19.1 Billion in 2026

The Bangko Sentral ng Pilipinas (BSP) expects the Philippines current account deficit to reach $19.1 billion in 2026, equivalent to 3.8% of the countrys gross domestic product (GDP), according to projections announced by...

RBA Signals More Rate Hikes as Inflation Risks Rise

The Reserve Bank of Australia (RBA) has indicated that further interest rate hikes remain possible as policymakers confront persistent inflation pressures and rising global costs, according to minutes from its September...

Politics

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...

US Justice Department Drops Prosecution of Ex-CIA Analyst Sue Mi Terry

The US Justice Department has agreed to suspend criminal proceedings against former CIA analyst and White House National Security Council official Sue Mi Terry, who was accused of acting as an unregistered foreign agent...

Trump Confirms US Intelligence Sharing With Ukraine Amid Russian Strikes

US President Donald Trump confirmed Tuesday that Washington continues to share military intelligence with Ukraine, despite concerns over missing missile warnings and renewed Russian attacks that Kyiv says violate a...

Trump Denies China, Russia Are Helping Iran in War

US President Donald Trump has dismissed claims that China and Russia are supporting Iran in its ongoing war with the United States, despite American intelligence assessments suggesting both countries have provided military...

Zelenskiy Says Ukraine Received No Warning Before Russian Missile Attack

Ukrainian President Volodymyr Zelenskiy said Tuesday that Western allies failed to provide advance warning of a Russian missile attack on Kyiv, raising concerns about Ukraines access to critical intelligence as Washington...

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

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...

Citi Upgrades Galaxy Digital Stock, Raises Price Target to $28

Citigroup has upgraded Galaxy Digital (GLXY) stock from Neutral to Buy, raising its price target from $26 to $28 as confidence grows in the companys artificial intelligence (AI) infrastructure business. The revised target...

Trezor Cuts Reseller Network After Ledger Security Breach

Hardware wallet manufacturer Trezor is reducing its authorized reseller network following a major supply-chain security incident involving rival Ledger, introducing stricter distribution controls to protect cryptocurrency...