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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 faces stiff trend line resistance at 301, further bullishness only on break above

Jun 30, 2017 10:53 am UTC| Digital Currency

ETH/USD is trading in a very choppy range on Friday after it failed to hold above 10-DMA. It is currently trading at 293 levels at the time of writing (BTC-e). Ichimoku analysis (Daily chart): Tenkan-Sen:...

Digital Currency Revolution

FxWirePro: BTC/GBP faces stiff trend line resistance at 2070, bias lower, good to go short on close below 5-DMA

Jun 30, 2017 10:12 am UTC| Digital Currency

BTC/GBP continues trading in a very narrow range on Friday and is hovering around 5-DMA. It is currently trading at 1948 levels at the time of writing (Coinfloor). Ichimoku analysis of daily chart: Tenkan Sen:...

Digital Currency Revolution

FxWirePro: BTC/EUR trades in narrow range, break below 2000 confirms further weakness

Jun 30, 2017 09:45 am UTC| Digital Currency

BTC/EUR has declining after hitting a minor top around 2344 on Jun 28th 2017 (CEXIO). The pair major top is around 2715 (Jun 12th high) and any bullish continuation can be seen below that level. It is currently trading...

Digital Currency Revolution

FxWirePro: BTC/USD trades in ‘symmetric triangle pattern’, stiff resistance at 2605, bias neutral

Jun 30, 2017 09:38 am UTC| Digital Currency

BTC/USD continues trading in a narrow range on Friday as it tries to hold above 5-DMA. It is currently trading at 2524 levels at the time of writing (Bitstamp). Ichimoku analysis of daily chart: Tenkan Sen:...

Digital Currency Revolution

SBI Remit, SCB and Ripple launch blockchain cross-border remittance payments

Jun 30, 2017 08:59 am UTC| Digital Currency

Siam Commercial Bank (SCB), the first bank of Thailand, has partnered with Japans SBI Remit, and is using Ripples blockchain solution in order to pioneer real-time remittance payments between Japan and Thailand. This...

Digital Currency Revolution

Southeast Asian travel firm Smiling Albino accepts bitcoin payments directly from clients

Jun 30, 2017 08:17 am UTC| Digital Currency

Bangkok-based luxury travel agency, Smiling Albino, announced that it will be one among the first travel planning companies in Southeast Asia to accept payments directly from their clients using bitcoin. The company...

Digital Currency Revolution

London gallery Dadiani Fine Art accepts cryptocurrencies for art works

Jun 30, 2017 06:54 am UTC| Digital Currency

London gallery Dadiani Fine Art has become the first gallery in Britain to accept bitcoin and other cryptocurrencies for art works. The gallery is offering collectors and buyers the option to purchase works of art using...

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Economy

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

China’s new world order: looking for clues from Xi’s recent meetings with foreign leaders

There is broad consensus that Chinese foreign policy has become more assertive and more centralised in the decade since Xi Jinping has ascended to the top of Chinas leadership. This has also meant that Chinese foreign...

How India’s economy has fared under ten years of Narendra Modi

More than 960 million Indians will head to the polls in the worlds biggest election between April 19 and early June. The ruling Bharatiya Janata Party (BJP), which is led by Prime Minister Narendra Modi, is seeking a third...

Will global oil supply be at risk if Iran and Israel pull the Middle East into war?

Tensions in the Middle East have escalated following Irans weekend missile and drone attacks on Israel, heightening concerns of a wider conflict. As with the Russian invasion of Ukraine, further conflict has the...

EU enlargement: What does the future hold?

To widen or to deepen. This has been one of the longstanding dilemmas throughout European Union (EU) history, and a perennial sticking point in the unending process of European integration. In its time, the UK...

Politics

Georgia is sliding towards autocracy after government moves to force through bill on ‘foreign agents’

Georgias ruling party attempted to pass a controversial bill on foreign agents in March 2023. The law would have required civil society groups and the media to register as being under foreign influence if they receive...

South Korean President Yoon faces foreign policy challenges after the National Assembly election

South Koreas parliamentary election of April 10, 2024, was widely seen as a referendum on President Yoon Suk Yeols first two years in office. That being the case, the nation collectively expressed its strong...

How will US foreign policy affect Joe Biden’s chances of re-election in November?

When big questions about American foreign policy collide with an election, its rarely good news for a sitting president. Like many leaders before him, US President Joe Biden has had some of these questions thrust on...

US Commerce Secretary Asserts Huawei Chip Lag, Affirms Export Control Success

In an interview on CBS News 60 Minutes, Commerce Secretary Gina Raimondo stated that the latest Huawei Mate 60 Pro phones chip remains significantly behind U.S. technology despite being the most advanced from China. She...

‘We have thousands of Modis’: the secret behind the BJP’s enduring success in India

Since 2014, Indian Prime Minister Narendra Modis popularity has grown exponentially and so has the formidable organisational machine of his Bharatiya Janata Party (BJP). These two factors will be key to delivering the BJP...

Science

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...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Technology

Qualcomm Responds to Snapdragon X Elite Benchmark Cheating Claims

Qualcomm has responded to the serious allegations that it cheated on performance benchmarks for its Snapdragon X Elite and Plus chips, targeting competition with leading laptop processors. According to Toms Hardware,...

Bitcoin Surges Globally, Yen Hits Record Low Against Cryptocurrency

In a stunning financial shift, the Japanese yen has reached a 34-year low against Bitcoin, which also hit all-time highs in 14 countries, fueled by optimism surrounding new spot Bitcoin ETFs. Yen Hits 34-Year Low as...

Worldcoin Targets OpenAI Alliance, Faces Scrutiny Amid Regulatory Challenges

Worldcoin, a digital identification innovator, is eyeing a partnership with OpenAI despite facing regulatory scrutiny and data privacy concerns. The collaboration aims to bolster its technological advancements and market...

SHIB Community Ignites Burn Rate by 2,076% Following Major Announcement

The Shiba Inu community has dramatically increased the SHIB burn rate by 2,076% in response to a recent significant announcement, signaling a proactive shift in strategy. Shiba Inu Community Ramps Up Token Burns,...

Toyota Teams with Tencent, Nissan Joins Forces with Baidu in China AI Drive

The automakers announced on Thursday that Nissan will partner with Baidu and Toyota Motor of Japan will partner with Tencent of China. These cross-border alliances underscore the significance of artificial intelligence to...