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Sat, May 11, 2024 08:09 AM All times are UTC

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FxWirePro: BTC/EUR extends weakness below daily cloud, eyes trendline support at 5775, stay short on upticks

May 28, 2018 09:30 am UTC| Technicals Digital Currency

BTC/EUR is extending weakness below daily cloud, bias bearish. Upside remains capped at 5-DMA and we see minor upside only on close above. Momentum and trend indicators support downside in the pair. We see -ve...

Digital Currency Revolution

FxWirePro: ETH/USD finds support at 1w 55-EMA, bias bearish, good to go short on break below

May 28, 2018 09:24 am UTC| Digital Currency

ETH/USD has broken below 61.8% retracement of 360 and 828.97 and currently trading at 527 levels at press time (Coinbase). On the upside, the pair is likely to face resistance at 577 (1h 50-SMA) and a break above would...

Digital Currency Revolution

FxWirePro: BTC/USD eyes trend line support at 6960, break below sees scope for further downside

May 28, 2018 08:44 am UTC| Digital Currency

BTC/USD is trading lower on Monday and is trying to hold above 7200 levels at the time of writing (Bitstamp). On the top side, resistance is seen at 7380 (1h 50-SMA) and a break above would see the pair testing 7760...

Digital Currency Revolution

Are the Rothschilds working on own cryptocurrency 'IMMO'?

May 28, 2018 07:24 am UTC| Digital Currency

A number of reports are currently floating in the media about the Rothschilds own cryptocurrency project IMMO. For the uninitiated, Rothschild Co is one of the worlds largest independent financial advisory groups. The...

Digital Currency Revolution

BTCC to launch upgraded cryptocurrency exchange in June

May 28, 2018 06:42 am UTC| Digital Currency

One of the longest-running cryptocurrency exchanges BTCC has announced its plans to launch an upgraded exchange platform next month. In an online post dated May 24, BTCC said: In June, well launch the much...

Digital Currency Revolution

BTC/USD tumbles below $7,500 mark on shooting star formation, more panicky shorts likely on San Francisco Federal reserve commentaries

May 28, 2018 06:27 am UTC| Digital Currency Research & Analysis Insights & Views

BTCUSD forms hanging man and shooting star patterns on daily plotting at $9,685 and $9,800 levels respectively. Ever since then these bearish patterns plummet prices below DMAs and now below $7,500 mark, while both leading...

Hangzhou Blockchain Industrial Park announces millions of dollars worth of subsidies

May 28, 2018 06:03 am UTC| Digital Currency

The Hangzhou Blockchain Industrial Park in China has announced millions of dollars worth subsidies to startups. The opening ceremony of the Blockchain Industrial Park was held on April 09, 2018. In an announcement dated...

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Economy

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

US long-term care costs are sky-high, but Washington state’s new way to help pay for them could be nixed

If you needed long-term care, could you afford it? For many Americans, especially those with a middle-class income and little savings, the answer to that question is absolutely not. Nursing homes charge somewhere...

Politics

Joe Biden to Possibly Quadruple Tariffs on Chinese EVs, Raising Duties to 100%

The US government plans to impose higher tariffs on various Chinese imports, including green products such as solar panels and batteries, medical equipment, and, most notably, an increase in duties on Chinese EVs from 25%...

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

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...

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...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

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,...

Technology

Binance Under Strict FRA Watch for Three Years After DOJ Deal

The U.S. Department of Justice has tasked the Forensic Risk Alliance (FRA) with monitoring Binance, the worlds largest cryptocurrency exchange, for the next three years. This move follows Binances November plea bargain...

BYD Europe Challenges Tesla, EU Giants; Stellantis Defends Italian Turf

BYD Europe has announced plans to triple its market share in the European Union by 2025, aiming to outpace competitors like Tesla and Volkswagen. Meanwhile, Stellantis CEO Carlos Tavares firmly addresses the growing...

JPMorgan, Susquehanna Make Bold Moves with Bitcoin ETF Investments

JPMorgan Chase, the United States largest bank, has disclosed substantial investments in various Bitcoin ETFs, including those from Grayscale and BlackRock. Concurrently, Susquehanna International Group has bolstered its...

Bloomberg Unveils Causes of Bitcoin, ETH, SOL, XRP, SHIB Price Plunge Amid Market Turbulence

Crypto trading volumes on major cryptocurrency exchanges fell dramatically in April. Trading volumes declined for the first time in seven months after Bitcoins price fell from an all-time high of $73,800, Bloomberg...

Harvest CEO Eyes Bitcoin ETF Entry into Mainland China via Hong Kong's ETF Connect

Harvests CEO feels that the Hong Kong-mainland China ETF bridge initiative can potentially expand crypto ETF access in mainland China. Harvest Explores Offering Bitcoin and Ether ETFs to Mainland Chinese Investors via...