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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: BTC/USD in bullish flag pattern, good to go long on dips

Apr 06, 2017 09:31 am UTC| Digital Currency

BTC/USD continues to trade in a bullish flag pattern on Thursday, with upside capped by cloud top. It is currently trading at 1158 levels at the time of writing (Bitstamp). Ichimoku analysis of daily chart: Tenkan...

Digital Currency Revolution

FxWirePro: BTC/CNY struggles to close above Kijun-sen, good to buy on dips

Apr 05, 2017 12:45 pm UTC| Digital Currency

BTC/CNY pair has declined slightly after jumping to 7250 levels (BTCCHINA). It is currently trading around 6980 at the time of writing. Ichimoku analysis of daily chart indicates: Tenkan-Sen level: 6875 Kijun-Sen...

Digital Currency Revolution

FxWirePro: ETH/EUR recovers from low of 38.40, good to buy on dips

Apr 05, 2017 11:55 am UTC| Digital Currency

ETH/EUR pair has recovered sharply after declining till 38.40 yesterday (KRAKEN). It is currently trading around 39.60 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen level:...

Digital Currency Revolution

FxWirePro: ETH/USD bounces off 23.6% fib support, close above 20-DMA to see further upside

Apr 05, 2017 11:01 am UTC| Digital Currency

ETH/USD broke back above 20-DMA on Wednesday and is currently trading at 46 levels at the time of writing (Kraken). Ichimoku analysis (Daily chart): Tenkan-Sen: 48.08 Kijun-Sen: 36.81 On the upside, a close...

Digital Currency Revolution

FxWirePro: BTC/GBP takes support near daily cloud base, break below 4H 50-SMA confirms bearishness

Apr 05, 2017 10:32 am UTC| Digital Currency

BTC/GBP broke below 50-DMA on Wednesday and is trading in the red around 900 levels at press time (Coinfloor). Ichimoku analysis of daily chart: Tenkan Sen: 874 Kijun Sen: 872 On the upside, a close above...

Digital Currency Revolution

Japanese retailers Bic Camera and Recruit Lifestyle to start accepting bitcoin payments

Apr 05, 2017 09:29 am UTC| Digital Currency

After the law recognizing bitcoin as a legal method of payment went into effect in Japan this month, reports suggest two domestic retailers are planning to start accepting the digital currency for payments. Nikkei Asian...

Digital Currency Revolution

FxWirePro: BTC/EUR faces strong resistance at 50% fibo, break above targets 1150

Apr 05, 2017 07:40 am UTC| Digital Currency

BTC/EUR is trading between 1089 and 1061.50 for the past two trading days (COINBASE). It is currently trading around 1067 at the time of writing. Ichimoku analysis of daily chart indicates: Tenkan-Sen level:...

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Economy

U.S. Treasury Yields Fall as Tech Selloff Sparks Safe-Haven Demand

U.S. Treasury yields dropped sharply on Thursday as investors sought safer assets amid a global technology stock selloff, reversing gains triggered by stronger-than-expected U.S. inflation data. Despite renewed concerns...

Australia Jobs Fall 39,300 as Unemployment Hits 4.7%

Australias labour market weakened unexpectedly in September, with employment recording a sharp decline and the unemployment rate reaching 4.7%, raising questions about the Reserve Bank of Australias (RBA) next interest...

EU Leaders Meet to Tackle China Imports, Energy Costs and Budget Disputes

European Union leaders are gathering in Brussels on Thursday for a crucial summit focused on rising Chinese imports, high energy prices and disagreements over the EUs next long-term budget. The meeting brings together...

Oil Prices Drop as U.S. Weighs Easing Shadow Fleet Sanctions

Oil prices declined sharply on Thursday as reports that the United States may ease sanctions on shadow fleet vessels raised expectations of improved global crude supplies. Investors also awaited an International Energy...

Asian Currencies Mixed as Dollar Retreats From 18-Month High

Asian currencies traded unevenly on Thursday as the U.S. dollar weakened from an 18-month peak, with investors reassessing expectations for Federal Reserve interest rate hikes following stronger-than-expected U.S....

Politics

Taiwan President Urges Micron, Workers to Negotiate Amid Strike Threat

Taiwanese President Lai Ching-te has urged U.S. memory chipmaker Micron Technology and its employees to engage in sincere negotiations as a potential strike threatens operations at one of the companys largest semiconductor...

Zelensky Says Ukraine Will Resume Strikes on Russian Oil Facilities

Ukrainian President Volodymyr Zelensky announced that Ukraine will resume attacks on Russian oil infrastructure, signaling an end to a temporary suspension of strikes following pressure from the United States. In an...

US Justice Department Drops Prosecution of Ex-CIA Analyst Sue Mi Terry

The US Justice Department has agreed to defer prosecution of former CIA analyst and White House National Security Council official Sue Mi Terry, who was accused of acting as an unregistered foreign agent for South Korea in...

UN Urges Talks on Lebanon Peacekeeping Mission Extension

United Nations peacekeeping chief Jean-Pierre Lacroix has urged the UN Security Council to begin negotiations over the future of UN peacekeepers in Lebanon as the country seeks to extend the missions mandate beyond...

FBI Denies Report of Kash Patel’s Russia Visit

The Federal Bureau of Investigation (FBI) denied reports on Wednesday that Director Kash Patel had traveled to Russia for meetings with Russian intelligence officials, confirming instead that he was attending a law...

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

Anthropic Q3 Revenue Surges to $16.8 Billion Ahead of IPO

Artificial intelligence startup Anthropic reported a sharp increase in third-quarter revenue and achieved another quarter of profitability as it prepares for a highly anticipated initial public offering (IPO) in November,...

Ericsson Q3 Profit Beats Forecasts as 2027 Cost Risks Loom

Swedish telecommunications equipment manufacturer Ericsson reported a smaller-than-expected decline in third-quarter core profit on Thursday, outperforming market expectations despite persistent challenges in the global...

Anduril Valuation Hits $90 Billion in Employee Share Sale

Anduril Industries, a leading U.S. defense technology startup, has launched an employee share tender offer that values the company at approximately $90 billion, according to a Bloomberg report published Wednesday. The...

Nvidia CEO Jensen Huang Open to Cutting Chip Supply Over Unsafe AI

Nvidia CEO Jensen Huang said the company could stop supplying artificial intelligence chips to customers developing dangerous AI software, although he believes many current concerns about AI safety are exaggerated....

Apple Intelligence Set for China Launch in December With iOS 27.3

Apple Inc. is reportedly preparing to launch its Apple Intelligence artificial intelligence platform in mainland China this December, marking a significant step in expanding its AI services into one of its most important...