Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Digital Currency

Fri, May 03, 2024 06:22 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Digital Currency Revolution

Bitcoin mainly used as a speculative investment rather than medium of exchange: Swift research

Sep 07, 2016 06:54 am UTC| Digital Currency

In a new research paper, the Swift Institute has analysed the dynamic relationship of virtual currency with fiat currency and has found that bitcoin is mainly used as a speculative investment rather than a medium of...

Blockchain Revolution Series

EY Startup Challenge selects six blockchain entities

Sep 07, 2016 06:03 am UTC| Digital Currency

Accounting giant Ernst Young has announced that it has selected six startups to participate in its EY Startup Challenge 2016 that will focus on exploring and developing blockchain technology to tackle two key industry...

Blockchain Revolution Series

Synereo unveils blockchain-based technology stack ‘RChain'

Sep 07, 2016 05:41 am UTC| Digital Currency

Synereo, a Tel-Aviv based startup which develops a decentralized tech stack, has unveiledthe underlying Technology Stack, which enables its Social Network to function without centralized servers - which are normally...

Blockchain Revolution Series

Brazilian exchange latest to join R3 blockchain consortium

Sep 07, 2016 04:53 am UTC| Digital Currency

Financial innovation firm R3 is continuing to add more organizations to its blockchain consortium that has more than 60 of the worlds largest financial institutions focusing on developing ground-breaking commercial...

Digital Currency Revolution

FxWirePro: LTC/EUR trades well above 55-day EMA, jump till 3.75/4 likely

Sep 06, 2016 12:36 pm UTC| Digital Currency

LTC/EUR is seen trading well above on Tuesday. The pair has jumped till 3.725 on Sep 4th 2016 and slightly retreated from that level (BTCE). It is currently trading around 3.54 at the time of writing. Ichimoku analysis...

Digital Currency Revolution

34 Bytes integrates support for LocalBitcoins.com

Sep 06, 2016 11:52 am UTC| Digital Currency

34 Bytes LLC, a bitcoin point-of-sale (POS) solutions company, has announced its integration with LocalBitcoins.com, a peer-to-peer bitcoin exchange, in a move to increase the utility of 34 Bytes terminals for merchants...

Digital Currency Revolution

LTC/USD hovers around 90-EMA, break below targets 3.70

Sep 06, 2016 10:57 am UTC| Digital Currency

LTC/USD is trying to hold its strength above 90 EMA and is hovering around that level. It is currently trading at 3.91 levels at press time (BTC-e). Ichimoku analysis of daily chart: Tenkan Sen: 3.87 Kijun Sen:...

1561 1562 1563 1564 1565 1566 1567 1568 1569 1570

Economy

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Technology

Nintendo's Next-Gen: Switch 2 Could Hit 240FPS, Leaks Suggest

Leaked by data miner OatmealDome, Nintendos updated NintendoWare Bezel Engine reportedly supports frame rates potentially as high as 240FPS, a massive leap from the current 60FPS limit on the Nintendo Switch. The...

Shiba Inu Dead Cat Bounce: Price Rebound or Bearish Omen?

Investors in the cryptocurrency world are eyeing Shiba Inu (SHIB) with cautious optimism as the meme coin shows signs of a potential dead cat bounce, a dubious reversal often seen in volatile markets. With SHIB struggling...

PEPE Price Surges 7% Amid 4 Trillion Pepe Coin Accumulation by Whale

A monumental 4 trillion Pepe coin accumulation by a crypto whale on May 3 has sparked a significant 7% surge in PEPEs price. This surge, observed amid bullish market sentiments, follows a week of price consolidation,...

Hyundai Motor Scales Up Hydrogen EV Truck Business in the US

Hyundai Motor Company is expanding its hydrogen EV truck operations in the United States to take the lead in this line of business in the region. As part of the initiative, South Korean vehicle manufacturers are offering...

Kakao Enhances AI Focus, Merges Kakao Brain Into Core Operations

South Koreas Kakao Corporation finally decided to absorb Kakao Brains AI unit. The tech and internet giant is taking over its AI research and development (RD) business, which will include all of the departments staff and...