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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

LTC/EUR faces strong resistance at 3.513, break above targets 3.76

Aug 31, 2016 12:39 pm UTC| Digital Currency

LTC/EUR is seen facing a strong resistance on Wednesday. The pair has broken minor resistance at 9-day EMA around 3.34 and jumped till 3.4100 levels (BTCE). It is currently trading around 3.411 at the time of...

Digital Currency Revolution

ETH/EUR trades slightly above 21- day MA, jump till 11.30 likely

Aug 31, 2016 11:56 am UTC| Digital Currency

ETH/EUR is seen trading above on Wednesday. The pair has once again gained after making a low of 9.7547. ETH/EUR jumped till 10.123 levels yesterday (KRAKEN). It is currently trading around 10.08 at the time of...

Digital Currency Revolution

LTC/USD breaks above 200-day MA, slight jump till 4.00 likely

Aug 31, 2016 11:52 am UTC| Digital Currency

LTC/USD has broken above 200-day MA and struggling to find themomentum to sustain its move. It is currently trading at 3.80 levels at the time of writing (BTC-e). Ichimoku analysis of daily chart: Tenkan Sen:...

Digital Currency Revolution

ETH/USD shows slight jump, close above 90 EMA confirms bullishness

Aug 31, 2016 11:29 am UTC| Digital Currency

ETH/USD is trying to trade in the positive on Wednesday, continuing its upward from yesterday. It is currently trading at 11.21 levels at the time of writing (Kraken). Ichimoku analysis of daily chart: Tenkan Sen:...

Digital Currency Revolution

Online shopping platform Shopawl accepts eBay purchases in bitcoin

Aug 31, 2016 09:27 am UTC| Digital Currency

Shopawl, a startup that allows shoppers to make purchases with bitcoin on one of Chinas biggest online shopping sites, Banggood.com, has announced that it is now accepting eBay orders, where users can buy eBay goods using...

Digital Currency Revolution

FxWirePro: BTC/USD takes support near 550, good to buy on dips

Aug 31, 2016 08:46 am UTC| Digital Currency

BTC/USD continues to trade flat in the absence of any major market moving news. It has been trading between 565 and 585 levels from the past couple of days. It is currently trading at 572 levels at the time of writing...

Digital Currency Revolution

FxWirePro: BTC/EUR trades flat, good to buy on dips

Aug 31, 2016 07:35 am UTC| Digital Currency

BTC/EUR is seen trading below in red on Wednesday. The pair is trading in anarrow range between 529.97 and 509.44 for the past six trading session (CEXIO). It is currently trading around 513.29 at the time of...

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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...