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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

Bitcoin startup Bitpagos rebrands as Ripio, raises $1.9m in series A funding

Jan 04, 2017 05:19 am UTC| Digital Currency

Bitpagos, a bitcoin merchant processing service focused in Latin America, has rebranded as Ripio and has announced raising $1.9 million in Series A funding round, CoinDesk reported. The startup seeks to raise an...

Digital Currency Revolution

DASH/USDT faces strong resistance at USDT12.40, break above targets USDT13.20

Jan 03, 2017 12:59 pm UTC| Digital Currency

DASH/USDT pair has broken minor resistance at USDT12 and jumped till USDT12.34 (Poloniex). DASHUSDT is trading well above short term and Long term MA. So the long term trend is slightly bullish. It is currently trading...

Digital Currency Revolution

BTC/CNY hits fresh multi-year high, further jump till 7588 likely

Jan 03, 2017 11:39 am UTC| Digital Currency

BTC/CNY is seen trading well above, hitting a new high on Tuesday. The pair has broken the high of 7417 made yesterday and jumped till 7466 (BTCCCHINA). It is currently trading around 7370 at the time of...

Digital Currency Revolution

FxWirePro: ETH/USD upside capped by 55-EMA, consistent break above targets 9

Jan 03, 2017 10:45 am UTC| Digital Currency

ETH/USD finally managed to close above the major trend line resistance on Monday and is currently hovering around the psychological level of 8.50 (Kraken). Ichimoku analysis (Daily chart): Tenkan-Sen:...

Digital Currency Revolution

FxWirePro: BTC/GBP faces strong resistance at 850, break above targets 875

Jan 03, 2017 10:16 am UTC| Digital Currency

BTC/GBP hit a fresh high of 847.56 levels on Monday before closing at 829.39 levels. It is currently trading at 832.13 levels (Coinbase). Long-term trend: Bullish Short-term trend: Bullish Ichimoku analysis of...

Digital Currency Revolution

ETH/EUR faces strong resistance at 8.35, jump above targets 9.32

Jan 03, 2017 09:48 am UTC| Digital Currency

ETH/EUR pair trades slightly above thepsychological level at 8 (KRAKEN) and it is currently trading around 8.08 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen level: 7.45 Kijun-Sen...

Digital Currency Revolution

BTC/USD faces resistance at 1,032, break above targets 1,050

Jan 03, 2017 09:48 am UTC| Digital Currency

BTC/USD hit a three-year high of 1,032 levels on Monday and is currently trading slightly below this level at 1018 levels (Bitstamp). Long-term trend: Bullish Short-term trend: Bullish Ichimoku analysis of daily...

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Economy

Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment

Asian markets rallied sharply on Monday, driven by investor optimism after a decisive election victory for Japanese Prime Minister Sanae Takaichi and renewed confidence in global monetary easing. The strong win boosted...

Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence

Japans stock market rallied strongly on Monday, with the Nikkei 225 Index surging to a new all-time high and crossing the 56,000 level for the first time during early trading. The historic rise came as investors reacted...

Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations

The Japanese yen extended its recent losing streak in early Asian trading on Monday after Prime Minister Sanae Takaichi secured a decisive victory in Sundays general election, reinforcing expectations for further fiscal...

South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom

South Africa is keen to make use of potential new European Central Bank (ECB) repo liquidity lines, according to central bank governor Lesetja Kganyago, as the country continues to navigate easing inflation and a gradual...

Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength

Russian stocks finished the latest trading session on a mixed note, with the MOEX Russia Index closing flat as gains in select blue-chip shares were offset by losses in others. At the close of trading in Moscow, the...

Politics

Trump Administration Appeals Court Order to Release Hudson Tunnel Project Funding

The administration of U.S. President Donald Trump has filed an appeal challenging a federal court decision that ordered the Transportation Department to unfreeze funding for the $16 billion Hudson Tunnel Project, a major...

Trump Congratulates Japan’s First Female Prime Minister Sanae Takaichi After Historic Election Victory

U.S. President Donald Trump publicly congratulated Japanese Prime Minister Sanae Takaichi on Sunday following her coalitions decisive landslide victory in Japans lower house elections held over the weekend. The message,...

Japan’s Prime Minister Sanae Takaichi Secures Historic Election Win, Shaking Markets and Regional Politics

Japans Prime Minister Sanae Takaichi has secured a historic landslide victory in a rare winter election, consolidating power and paving the way for major shifts in economic, fiscal, and security policy. Takaichis Liberal...

Sydney Braces for Pro-Palestine Protests During Israeli President Isaac Herzog’s Visit

Sydney is preparing for large-scale pro-Palestine protests as Israeli President Isaac Herzog visits Australia, prompting authorities to declare the trip a major event and deploy thousands of police across the city....

Anutin’s Bhumjaithai Party Wins Thai Election, Signals Shift Toward Political Stability

Thailands political landscape may be entering a more stable phase after Prime Minister Anutin Charnvirakuls Bhumjaithai Party secured a decisive victory in Sundays general election. Preliminary results from the Election...

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....