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Digital Currency Revolution

Finnish cryptocurrency startup Prasos raises €2.5M

Jan 04, 2018 11:02 am UTC| Digital Currency

Prasos, a Finland-based cryptocurrency startup, has raised 2.5 million to boost its expansion plans and support the development of cryptocurrency investment services. The company plans to use the funds for its expansion...

Digital Currency Revolution

Bank of America Merrill Lynch bans clients from investing in Bitcoin Investment Trust

Jan 04, 2018 10:16 am UTC| Digital Currency

Bank of America Merrill Lynch has banned its clients from investing Barry Silberts bitcoin fund, Reuters reported. According to a memo sent to nearly 17,000 brokers at Merrill Lynch and Merrill Edge, BofA Merrill Lynch...

Digital Currency Revolution

ECB official urges governments to tax bitcoin

Jan 04, 2018 09:30 am UTC| Digital Currency

The National Bank of Austria president Ewald Nowotny has urged governments to regulate and tax bitcoin, The Daily Mail reported. Speaking with the German daily Sueddeutsche Zeitung, Nowotny, who is also a member of the...

FxWirePro: Bitcoin stuck in range but lures with volatility – Keep turbulence on check via straddles on hedging grounds and strangle writing for trading

Jan 04, 2018 09:05 am UTC| Digital Currency Research & Analysis Technicals

The journey from $751.34 to a whopping $17,270 (at BITSTAMP exchange), or 2,199% in this year so far with a fortnight trading spare: Bitcoin has held steady for the last couple of trading sessions, it is stuck in the...

Digital Currency Revolution

FxWirePro: ETH/USD soars past 900, bias bullish, stay long

Jan 04, 2018 08:39 am UTC| Digital Currency

ETH/USD is trading in a tight range on Thursday after it hit a fresh all-time high at 947 levels on January 03, 2017. It is currently trading at 941 levels at the time of writing (Kraken). Ichimoku analysis (Daily...

Digital Currency Revolution

FxWirePro: BTC/USD upside capped by 20-DMA, bias neutral

Jan 04, 2018 06:51 am UTC| Digital Currency

BTC/USD is trading in a close range on Thursday as its upside is being capped by 20-DMA. It is currently trading at 15000 levels at the time of writing (Bitstamp). Ichimoku analysis of daily chart: Tenkan Sen:...

Digital Currency Revolution

PBoC seeks to curb bitcoin mining activities

Jan 04, 2018 06:16 am UTC| Digital Currency

Following Chinas crackdown on domestic cryptocurrency exchanges last year, the Peoples Bank of China is now seeking to curb bitcoin mining activities in the country. Sources familiar with the matter told Reuters that...

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Economy

UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs

Gold, silver, and platinum have surged to fresh record highs heading into the year-end holiday period, drawing strong attention across global commodity markets. However, UBS is urging investors to exercise caution, warning...

Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment

Japans government has revised upward its economic growth forecast for the fiscal year ending next March and projected faster expansion in the following year, citing the positive impact of a large-scale stimulus package...

U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session

U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average and the SP 500 finishing at record closing highs during a broad-based rally in a holiday-shortened trading session. All three major indexes...

Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched

Asian stock markets traded mostly flat on Wednesday as subdued year-end trading volumes and holiday-thinned liquidity limited investor activity across the region. With Christmas and New Year holidays approaching, many...

US and Japan Fast-Track $550 Billion Strategic Investment Initiative

The United States and Japan have agreed to accelerate coordination on their Strategic Investment Initiative, a major bilateral framework backed by a $550 billion fund established under the two countries tariff agreement....

Politics

Palau Agrees to Accept Up to 75 U.S.-Transferred Migrants in Deal Tied to Increased American Aid

Palau has agreed to accept up to 75 migrants transferred from the United States after signing a memorandum of understanding (MOU) with Washington, a move that has drawn international attention amid ongoing debate over U.S....

U.S. Shifts Strategy Toward Economic Pressure With Venezuelan Oil Quarantine

The White House has directed U.S. military forces to focus almost exclusively on enforcing a quarantine of Venezuelan oil for at least the next two months, signaling that Washington is prioritizing economic pressure over...

Democratic Governors Urge Trump Administration to Lift Halt on East Coast Offshore Wind Projects

Four Democratic governors have formally urged the Trump administration to reverse its recent suspension of five offshore wind projects along the U.S. East Coast, arguing that the move is politically motivated and...

Kim Jong Un Oversees Missile Test Amid Rising Korean Peninsula Tensions

North Korean leader Kim Jong Un has overseen the test-firing of long-range surface-to-air missiles near the countrys east coast, according to a report by state media outlet KCNA. The missile test, conducted on Wednesday...

U.S. Urges Acceptance of Honduras Election Results as Nasry Asfura Declared President-Elect

The administration of U.S. President Donald Trump has called on all political actors in Honduras to accept the official outcome of the countrys recent presidential election, following the declaration of victory for Nasry...

Science

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...

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...

Technology

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...