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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

Court dismisses BitPay's plea in phishing attack

May 25, 2016 11:03 am UTC| Digital Currency

A court order which dismissed the suit between BitPay and Massachusetts Bay Insurance Company, after the company lost $1.8m during a phishing attack. BitPay lost approximately $1.8m in bitcoin during a phishing attack...

Digital Currency Revolution

ETH/USD loses momentum, likely to fall to 11.20 levels

May 25, 2016 10:47 am UTC| Digital Currency

ETH/USD continued to trade in the red on Wednesday, third day in a row. The pair soared to a high of 14.85 levels on Friday and lost momentum, falling to a low of 11.80 levels on Tuesday. It currently trades at 12.42...

Digital Currency Revolution

There is nothing that Bitcoin can do which Ethereum can’t, Coinbase co-founder says

May 25, 2016 10:02 am UTC| Digital Currency

Bitcoin services provider Coinbase recently rebranded its exchange service as GDAX, which stands for Global Digital Asset Exchange, and added Ether trading via the ETH/BTC and ETH/USD crosses. In a blog post, Coinbase...

Digital Currency Revolution

Senior economics fellow dismisses bitcoin usage on C-Span cable network

May 25, 2016 09:12 am UTC| Digital Currency

A senior fellow at the Peterson Institute for International Economics William Cline, to hold U.S. debt, dismissed the use of bitcoin in response to a caller question on C-Span cable networks Washington Journal show. The...

Digital Currency Revolution

Bitcoin startup BitOasis secures seed funding, targets presence beyond UAE

May 25, 2016 07:30 am UTC| Digital Currency

BitOasis, the leading bitcoin wallet and exchange service in the Middle East and North Africa,has announced its first round of funding, led by Wamda Capital and drawing support from Barry SilbertsDigital Currency...

Digital Currency Revolution

Great Coin, Inc. selects Ethereum platform for its digital currency, Global Future City Holding, Inc. congratulates

May 25, 2016 06:13 am UTC| Digital Currency

Great Coin, Inc. chose to proceed with the cutting edge Ethereum platform for its digital currency, GX-Coin for which Global Future City Holding Inc. is pleased to congratulate Great Coin, Inc, its strategic...

Digital Currency Revolution

Initial Coin Offering Openledger crowdsale kicks off

May 25, 2016 05:58 am UTC| Digital Currency

Danish cryptocurrency platform CCEDK, to relaunch as decentralized conglomeratesoon, and OpenLedger have announced the crowdfunding campaign for a brand new initiative, Initial Coin Offering Openledger (ICOO), that started...

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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

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...

US Supreme Court Denies Release of Anti-ICE Activist Kyle Wagner

The US Supreme Court on Tuesday rejected a request for the pretrial release of Kyle Wagner, an anti-ICE activist accused of making online threats during a federal immigration crackdown in Minneapolis. The decision keeps...

Flavio Bolsonaro Backs Brazil’s 40-Hour Workweek Reform Ahead of Runoff

Brazilian Senator Flavio Bolsonaro has reversed his opposition to a proposed labor reform that would shorten the countrys workweek, a politically significant move ahead of his presidential runoff against incumbent...

US Recalls Nicaragua Envoy After Ambassador Rejection

The United States has recalled its acting envoy to Nicaragua, Elias Baumann, to Washington for urgent diplomatic consultations after the Nicaraguan government rejected Washingtons choice for ambassador, Natasha Franceschi,...

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...