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Bitcoin dives below 7k mark on SEC’s continued deferral of ETF approval, more dips on cards upon intensified bearish momentum

Aug 08, 2018 09:46 am UTC| Research & Analysis Digital Currency Insights & Views

Major cryptocurrencies have continued bearish streaks as the U.S. Securities and Exchange Commission (SEC) deferred the pronouncement on the approval of a Bitcoin exchange-traded fund (ETF). The US regulatory authority, in...

FxWirePro: Brexit or BoE, Sterling still under pressure – Bearish setup for two GBP trades

Aug 08, 2018 08:14 am UTC| Research & Analysis Central Banks Insights & Views

After an action-packed last week, GBP faded in the background this week with no major developments. The Bank of England voted unanimously to raise the Bank Rate by 25bps to 0.75 percent on August 2nd, saying recent data...

Zebpay’s efforts of bouncing back by slashing down 50% transaction fees after blanket ban

Aug 08, 2018 07:19 am UTC| Digital Currency Research & Analysis Insights & Views

Bitcoin price is yet another day for bears, as perhaps establishing its sights on strong support zones. The pioneer cryptocurrency has tumbled from the highs of $8,313.3 to the current $6,545.9 levels. Amid this bearish...

FxWirePro: NZD/JPY put ratio back spreads for optimized hedging ahead of RBNZ

Aug 08, 2018 06:08 am UTC| Research & Analysis Central Banks Insights & Views

Bearish NZDJPY scenarios: 1) The NZ housing market slowdown becomes disorderly 2) The NZ immigration rolls over quickly 3) NZ bank funding issues intensify, causing the market to question NZs ability to attract...

FxWirePro: NZD/JPY bears nudge below descending triangle with 3-black crow pattern, momentary rallies struggle for momentum

Aug 08, 2018 05:10 am UTC| Technicals Insights & Views Central Banks

NZDJPYhas constantly been dipping ever since the formation of gravestone doji at 75.866 levels in the intermediate trend (refer weekly chart). The trend slides through descending triangle pattern which is bearish in...

FxWirePro: Options strategic perspectives for perplexed bullion market hedging sentiments

Aug 07, 2018 14:08 pm UTC| Research & Analysis Insights & Views

Before we proceed further into strategies, lets just glance at whats going on in the bullion market space and OTC hedging outlook. Gold price has constantly been dipping from the highs of $1,365.16 to the current...

FxWirePro: Deploy options strips for stiff tussle between NZD/JPY bulls and bears ahead of RBNZ

Aug 07, 2018 13:22 pm UTC| Research & Analysis Central Banks Insights & Views

Over 2018, we see scope for some further under- performance from NZD, as we expect ongoing confirmation that the RBNZ can credibly lag policy normalization in the G3. Evidence that real assets (equities, housing) are...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

Politics

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...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Technology

Bitcoin's Rise Fueled by $222M ETF Inflow: What’s Next for BTC?

Bitcoins price jumped over $67,000 after a $222 million ETF inflow, highlighting strong market momentum and investor enthusiasm. ETF Inflows and Bitcoins Price Surge Recent data from Farside Investors indicates that...

Ex-OpenAI Exec Criticizes Sam Altman's Focus on 'Shiny Products' Over AI Safety Concerns

Former OpenAI executive Jan Leike resigns, criticizing the companys prioritization of shiny products over AI safety, calling out Sam Altmans leadership. Safety vs. Product Focus Leike, the leader of an artificial...

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...