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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 hovers around 61.8% fib, close above targets 210

May 29, 2017 10:40 am UTC| Digital Currency

ETH/USD is hovering around 61.8% fib on Monday, recovering from the low of 107 levels hit on May 27. It is currently trading at 170 levels at the time of writing (BTC-e). Ichimoku analysis (Daily chart): Tenkan-Sen:...

Digital Currency Revolution

FxWirePro: BTC/GBP hovers around 7-DMA, close above to see further upside

May 29, 2017 10:07 am UTC| Digital Currency

BTC/GBP has recovered from 1475 levels hit on May 27 to above 1700 levels. It is currently trading at 1753 levels at the time of writing (Coinfloor). Ichimoku analysis of daily chart: Tenkan Sen: 1796.50 Kijun...

Digital Currency Revolution

FxWirePro: BTC/USD faces strong resistance at 7-DMA, further bullishness on close above

May 29, 2017 09:21 am UTC| Digital Currency

BTC/USD has restored its strength to around 2200 levels after it plunged to 1850 levels on May 27. It is currently trading at 2216 levels at press time (Bitstamp). Ichimoku analysis of daily chart: Tenkan Sen:...

Digital Currency Revolution

FxWirePro: ETH/EUR downside capped by 100 4H MA, break below targets 98

May 29, 2017 08:26 am UTC| Digital Currency

ETH/EUR pair has shown a major profit booking after hitting fresh all-time high at 206 on May 25th 2017 (KRAKEN) and it is currently trading around 153.29 at the time of writing. Ichimoku analysis 4-Hour Chart...

Digital Currency Revolution

Chinese cryptocurrency exchange Huobi launches Ethereum trading

May 29, 2017 06:59 am UTC| Digital Currency

Huobi, one of the largest Chinese exchanges, announced that it will launch Ethereum (ETH) trading on its platform from May 31st, 2017. The announcement in the exchanges twitter post stated that CNY/ETH will be soon...

Initial Coin Offering Series

Digital Currency Revolution

Sharia-compliant, gold-backed digital currency OneGram’s ICO kicks off

May 29, 2017 06:45 am UTC| Digital Currency

OneGram, a Sharia-compliant, gold-backed digital currency, has raised $461,497.59 so far in its OGC token crowdsale, which kicked off at the onset of Ramadan, 2017. The crowdsale will run for a total of 120 days, in...

Digital Currency Revolution

FxWirePro: BTC/EUR upside capped by 4H Kijun-Sen, sell on rallies

May 29, 2017 06:16 am UTC| Digital Currency

BTC/EUR has shown a minor recovery after hitting low of 1770 from the fresh all-time high at 2671 levels (CEXIO). The pair has formed a minor bottom around 1908 on May 22nd 2017 and slight break below confirms minor...

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Economy

Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes

Oil prices fell on Friday, ending a two-day rally as traders weighed reports that the United States and Iran were discussing a phased agreement that could eventually reopen the Strait of Hormuz and ease disruptions to...

Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens

The Canadian dollar could remain under pressure through the end of 2026 as diverging monetary policy between the Federal Reserve and Bank of Canada weighs on the currency, according to CIBC Capital Markets. CIBC expects...

Japanese Yen Rebounds as Trump Flags Currency Weakness

The Japanese yen ended a five-day losing streak on Friday, rebounding from the closely watched 160-per-dollar level after Tokyo disclosed that U.S. President Donald Trump had raised concerns about the currencys weakness...

US Comfortable With Canada Trade Standoff as Import Bans Loom

President Donald Trumps administration is prepared to maintain its escalating trade dispute with Canada as new import restrictions approach and Washington threatens additional tariffs on key Canadian industries. U.S. Trade...

Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals

The U.S. dollar weakened on Friday as oil prices retreated, although the currency remained headed for a second consecutive weekly gain as expectations for another Federal Reserve rate hike increased. The Japanese yen,...

Politics

Colombia Extradites FARC Dissident Leader ‘Spider’ to US

Colombia has extradited Geovany Andres Rojas, a senior commander of a dissident faction linked to the former FARC rebel movement, to the United States, where he is wanted on drug-trafficking charges. Rojas, widely known by...

Evan Gershkovich Says FSB Set Trap for 2023 Russia Arrest

Wall Street Journal reporter Evan Gershkovich says Russias Federal Security Service orchestrated an elaborate sting operation that led to his 2023 arrest on espionage charges, according to his first detailed published...

Saudi Arabia Seeks Military Support as Houthi Attacks Escalate

Saudi, Turkish and Pakistani military chiefs were expected to discuss support for Saudi Arabia as escalating Houthi attacks intensify security concerns across the Middle East, while new restrictions on Iranian flights add...

Putin Says Ukraine Peace Proposals Remain on Table

Russian President Vladimir Putin said Friday that proposals aimed at ending the 4-1/2-year war in Ukraine remain under consideration, although Moscow must determine which options best serve Russias interests. Speaking to...

Iran Rejects Nuclear Concessions in Hormuz Deal

Iran will not compromise on its nuclear rights even if the United States accepts Tehrans proposal for reopening the Strait of Hormuz, according to a senior Iranian official, underscoring major obstacles to ending the...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

AMD Hits $1 Trillion as BofA Raises Price Target to $720

Advanced Micro Devices (NASDAQ: AMD) has joined the $1 trillion market capitalization club, and BofA Securities believes the semiconductor giant has room to climb further as artificial intelligence drives stronger demand...

US Appeals Court Upholds Anthropic AI Supply Chain Ban

A U.S. federal appeals court has upheld the Department of Wars decision to exclude Anthropic from its supply chain, handing the Trump administration a significant victory in a closely watched dispute over military use of...

Solidigm Eyes $150 Billion IPO as SK Hynix Expands AI Storage Push

SK Hynix subsidiary Solidigm is considering a U.S. initial public offering as early as next year that could value the semiconductor storage company at as much as $150 billion, according to a Reuters report on Friday. The...

Meta Found Liable in New Mexico Facebook Data Privacy Case

A New Mexico jury has found Meta Platforms liable for misleading consumers about Facebook user privacy and data-sharing practices in a case tied to the Cambridge Analytica scandal. The verdict followed a two-week trial in...

DaVoice Sues Perplexity AI Over Trade Secrets

AI technology startup DaVoice has filed a lawsuit against Perplexity AI in California federal court, accusing the artificial intelligence company of misappropriating trade secrets connected to wake word technology used in...