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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: ETH/USD holds above 800, break above 10-DMA targets 976

Feb 08, 2018 09:33 am UTC| Digital Currency

ETH/USD is trading in the green on Thursday as it is holding above 90-EMA. It is currently trading at 829 levels at the time of writing (Kraken). On the upside, resistance is seen at 852 (2h 90-EMA) and a break above...

Digital Currency Revolution

FxWirePro: BTC/USD upside capped by 10-DMA, break above to see further upside

Feb 08, 2018 06:55 am UTC| Digital Currency

BTC/USD surged to 9649 levels on Wednesday before closing at 7588 levels. Today, the pair hovering around 200-DMA at 7926 levels at the time of writing (Bitstamp). On the topside, a decisive break above 7968 (200-DMA)...

Digital Currency Revolution

ECB working to identify digital currency risks for financial institutions: Draghi

Feb 08, 2018 06:21 am UTC| Digital Currency

European banks are showing limited appetite for digital currencies such as bitcoin, the European Central Bank President said recently. Speaking at a European Parliament meeting this week, Mario Draghi said: Let me...

Digital Currency Revolution

NYDFS publishes new guidance to prevent cryptocurrency fraud and market manipulation

Feb 08, 2018 05:48 am UTC| Digital Currency

The New York State Department of Financial Services (DFS) has issued a guidance to all virtual currency entities in the state to remind that they are required to implement measures designed to effectively detect, prevent,...

Digital Currency Revolution

FxWirePro: ETH/USD trades just shy of 5-DMA, break above to see minor bullishness

Feb 07, 2018 09:28 am UTC| Digital Currency

ETH/USD plunged to 556 levels on Tuesday but was able to close above 100-DMA at 783 levels. It is currently trading at 782 levels at the time of writing (Kraken). On the upside, immediate resistance is seen at 808...

Digital Currency Revolution

FxWirePro: BTC/USD retraces dip below 6000, bias bearish, good to go short around 7500

Feb 07, 2018 07:00 am UTC| Digital Currency

BTC/USD retraced its dip below 6000 levels and closed at 7737 levels on Tuesday. It is currently trading at 7347 levels at the time of writing (Bitstamp). On the topside, resistance is seen at 7877 (5-DMA) and a close...

Digital Currency Revolution

No strong case to ban cryptocurrency trading as of now: Singapore Deputy Prime Minister

Feb 07, 2018 04:51 am UTC| Digital Currency

The Monetary Authority of Singapore (MAS) does not see a strong case to ban cryptocurrency trading at the moment, Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS, said...

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Economy

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...

Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks

The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out...

Politics

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...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

The 50th anniversary of Portugal’s Carnation Revolution

Across Portugal, a number of photography exhibitions are currently on display that commemorate the ousting of the Estado Novo, the dictatorial, authoritarian and corporatist political regime that had ruled the country...

Science

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...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Shiba Inu Whale Moves 100 Billion SHIB Before FOMC, Signals Market Stir

In a surprising move, a mysterious Shiba Inu whale deposited 100 billion SHIB tokens into Coinbase, coinciding with a significant price drop just before the Federal Reserves crucial rate decision. This action has stirred...

Dongfeng Unveils High-Power Tesla Cybertruck Rival, Eyes Production in Italy

At the Beijing Auto Show, Dongfeng Motor Group showcased a Cybertruck-inspired electric vehicle boasting an impressive 1,305 horsepower, signaling its ambitions to produce over 100,000 electrified cars annually in Italy....

Biden Administration Set to Finalize Stricter EV Tax Credit Rules

The Biden administration is finalizing new electric vehicle tax credit rules, slashing the list of eligible models to just 13. This update, part of a broader effort to refine economic incentives before the election,...

Zeus Network Set to Launch Solana to Bitcoin Bridge in Q3 2024

Zeus Network has announced the launch of Zeus Program Library (ZPL) by Q3 2024, a pioneering bridge designed to connect and enhance asset transfer between the Solana and Bitcoin ecosystems, offering broad applications in...

Bitcoin Dips 4% Below Cost, Stirs Panic Among Short-Term Investors

In a startling decline, Bitcoin plummeted 4% below its average purchase price, sparking potential panic among short-term holders, who, according to analyst James Check, are now facing a 3% unrealized loss. Recent...