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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

Three individuals call for a moratorium to prevent losses to the Ethereum DAO

May 31, 2016 11:17 am UTC| Digital Currency

Three Ethereum DAO critics have called for a moratorium on proposals to prevent losses to the Distributed Autonomous Organization (DAO) which is a smart contract on the Ethereum blockchain. Dino Mark, Vlad Zamfir and...

Digital Currency Revolution

Indonesian ecommerce portal KinerjaPay to allow bitcoin transactions

May 31, 2016 09:17 am UTC| Digital Currency

KinerjaPay Corp., an Indonesian digital payment and ecommerce platform, has entered into a partnership with Bitcoin Indonesia an online platform allowing buying and selling Bitcoin with Indonesian Rupiah to accept...

Digital Currency Revolution

Bitcoin could not be considered money under Florida law, says Barry University professor

May 31, 2016 08:59 am UTC| Digital Currency

Michell Espinozas defense team member professorCharles Evansat a money laundering trial in Miami, Florida said that bitcoin could not be considered money under Florida law as it was more similar to poker chips. Michell...

Digital Currency Revolution

Bitstamp allows bitcoin payments via credit cards in 28 EU countries; launches EUR/USD trading

May 31, 2016 08:34 am UTC| Digital Currency

Bitstamp, a Europe-based cryptocurrency exchange, has announced the expansion of its services to all 28 European Union countries and is going to launchEUR/USD trading. Bitcoin Purchase With Credit Card Bitstamp, in...

Digital Currency Revolution

Penalty documents filed in U.S. in 2013 bitcoin theft

May 31, 2016 06:39 am UTC| Digital Currency

Forfeiture documents of two Florida men, who were involved in the theft of 5,400 bitcoins from illegal online drug sales site Sheep Marketplace in late 2013, were filed last week in Jacksonville, Florida. According to...

Digital Currency Revolution

New initiative to send books to bitcoin convicts

May 31, 2016 04:43 am UTC| Digital Currency

Crypto Economics Consulting Group (CECG) has launched a long-term initiative that aims to supply printed literature to political prisoners incarcerated for cryptocurrency-related thoughtcrimes. The group notes that...

Digital Currency Revolution

Colony announces non-profit foundation on Ethereum

May 30, 2016 12:21 pm UTC| Digital Currency

Colony which is a startup using Ethereums Blockchain has announced the Colony Foundation, a non-profit foundation responsible for developing the open source Colony smart contract network on Ethereum. In the Colony blog...

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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...