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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

FxWirePro: ETH/EUR trades slightly below 10- day MA, dip till 65 likely

May 09, 2017 09:34 am UTC| Digital Currency

ETH/EUR pair declined broadly on account of profit booking after hitting a life time high at 87.98 (Kraken). ETH/EUR has broken minor support at 71.11 low made on May 7th 2017. It is currently trading around 72.30 at the...

Digital Currency Revolution

FxWirePro: BTC/GBP surpasses 1300 mark, break above 1355 targets 1400

May 09, 2017 09:16 am UTC| Digital Currency

BTC/GBP broke above 1300 levels on Tuesday and is currently trading at 1344 levels at the time of writing (Coinfloor). Ichimoku analysis of daily chart: Tenkan Sen: 1195 Kijun Sen: 1126 On the upside, the pair...

Digital Currency Revolution

FxWirePro: BTC/USD soars past 1700, break above 1718 targets 1754

May 09, 2017 08:53 am UTC| Digital Currency

BTC/USD surpassed the 1700 milestone on Tuesday and is holding above that level. It is currently trading at 1707 levels at press time (Bitstamp). Ichimoku analysis of daily chart: Tenkan Sen: 1525.33 Kijun Sen:...

Digital Currency Revolution

FxWirePro: BTC/EUR hits fresh all-time high at 1579, good to buy on dips

May 09, 2017 07:09 am UTC| Digital Currency

BTC/EUR hits once again all-time high at 1579 at the time of writing after breaking 1559. The pair formed a minor bottom around 1343 and any minor weakness only below that level (COINBASE). It is currently trading around...

Digital Currency Revolution

Deutsche Bundesbank board member warns against bitcoin

May 09, 2017 06:40 am UTC| Digital Currency

Digital currency bitcoin is breaking all records with its price rise from $960 at the start of this year to around $1675 at the time of writing. This strong growth acts as an incentive for investors who are constantly...

Digital Currency Revolution

Singaporean bitcoin options exchange Coinut adds ETC support

May 09, 2017 06:05 am UTC| Digital Currency

Coinut, a bitcoin options exchange owned by Coinut Pte. Ltd., a Singapore company, announced that it has added the support of Ethereum Classic (ETC) trading. According to the company tweet, it stated that 10 % of the...

Digital Currency Revolution

Vermont passes bill to include digital currency as permissible investment

May 09, 2017 05:54 am UTC| Digital Currency

Vermont Governor signed a bill into law last week that updates the states money transmission rules to include a definition for virtual currencies, CoinDesk reported. The Vermont House Bill 182 was first introduced in...

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Economy

Holiday Economic Questions: What Bank of America Says You Should Expect

Bank of America economist Aditya Bhave says this years holiday gatherings may bring more than cold weatherthey may spark tough conversations about inflation, housing, interest rates, and the broader U.S. economy. In a...

Russia Stocks Close Flat as MOEX Hits 1-Month High

Russian equities ended Saturdays session flat, with the MOEX Russia Index holding steady and touching a fresh one-month high despite muted market activity. Investors saw little movement across major sectors, as several key...

Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth

Vietnam recorded a notable month-on-month decline in trade activity in November, according to new data from the National Statistics Office (NSO). Exports fell 7.1% from October, reaching $39.07 billion, while imports...

Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook

Fitch Ratings has reaffirmed Austrias Long-Term Foreign-Currency Issuer Default Rating at AA with a Stable Outlook, underscoring the countrys strong economic fundamentals despite rising fiscal pressures. According to the...

Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut

The upcoming Federal Reserve meeting is shaping up to be one of the most closely watched and contentious in years, with investors focused on how divided policymakers are over a potential interest-rate cut and the signals...

Politics

Southwest Airlines Has $11 Million Fine Waived as USDOT Cites Operational Improvements

The U.S. Transportation Department has waived an $11 million penalty previously imposed on Southwest Airlines, finalizing the airlines $140 million settlement tied to its massive December 2022 holiday travel disruption....

U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform

A growing rift between the United States and Europe deepened after the European Union issued a $140 million fine against Elon Musks social media platform X under the Digital Services Act. The penalty, which EU regulators...

Trump Signs Executive Order to Strengthen U.S. Food Supply Chain Security

U.S. President Donald Trump has issued a new executive order aimed at strengthening the nations food supply chain by targeting potential risks linked to price fixing, market manipulation, and anti-competitive practices....

Boeing Executive Says Trump’s Equity Stake Plan Won’t Target Major Defense Contractors

Boeing Defense, Space Security CEO Steve Parker clarified that President Donald Trumps proposal for the U.S. government to take equity stakes in strategic industries is not aimed at major defense contractors. Speaking at...

Zelenskiy Describes “Substantive” Call With Trump Envoys as Ukraine, U.S. Explore Peace Path

Ukrainian President Volodymyr Zelenskiy said on Saturday that he held a long and substantive phone call with U.S. President Donald Trumps special envoy Steve Witkoff and Trumps son-in-law Jared Kushner, emphasizing that...

Science

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...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SpaceX CEO Elon Musk Denies Reports of $800 Billion Valuation Fundraise

Elon Musk has publicly refuted recent media claims suggesting that SpaceX is seeking to raise new capital at an $800 billion valuation. In a post shared on X, Musk clarified that the reports circulating online were...

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Taiwans political landscape heated up after the government announced a plan to suspend access to the Chinese social media platform Rednoteknown as Xiaohongshufor one year. The interior ministry said the proposed ban stems...

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...