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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

BTC/EUR faces strong resistance at 100- day MA, break above confirms further bullishness

Oct 05, 2016 07:16 am UTC| Digital Currency

BTC/EUR is seen trading low in red on Wednesday. The pair has slightly declined after jumping till 552.15 levels (COINBASE). It is currently trading around 545.93 at the time of writing. Ichimoku analysis of daily chart...

Digital Currency Revolution

Bank accounts of bitcoin businesses closed in Kenya

Oct 05, 2016 06:13 am UTC| Digital Currency

Following the Central Bank of Kenyas caution to the public on digital currencies, recent reports suggest that bank accounts of bitcoin and digital currency businesses has been closed in the country. As a result of this,...

Digital Currency Revolution

Cryptobuyer and BlockPay cooperate to offer digital payments infrastructure in South America

Oct 05, 2016 05:19 am UTC| Digital Currency

Blockchain-based startup BlockPay developed by BitShares Munich, announced its cooperation with Venezuelan cryptocurrency brokerage Cryptobuyer, in order to provide the elementary network infrastructure for digital...

Digital Currency Revolution

MGT Capital implements phase two of bitcoin mining operations

Oct 04, 2016 12:26 pm UTC| Digital Currency

MGT Capital Investments, Inc. announced that it has begun to implement phase two of its bitcoin operation that is scheduled to expand its processing power to over five PetaHash by the end of the fourth quarter, this...

Digital Currency Revolution

FxWirePro: DASH/ USDT upside capped by 38.2% fibo, good to sell on rallies

Oct 04, 2016 11:56 am UTC| Digital Currency

The pair has retreated sharply after jumping till USDT12.40 (Poloniex). It is currently trading around USDT11.67 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen level:...

Digital Currency Revolution

LTC/USD faces strong resistance at 200-DMA, close above targets 4.05

Oct 04, 2016 11:38 am UTC| Digital Currency

LTC/USD partially pared losses on Tuesday, however, it continues to trade in a narrow range between 3.79 and 3.82 levels. It is currently trading at 3.81 levels (BTC-e). Long-term trend: Bearish Ichimoku analysis of...

Digital Currency Revolution

FxWirePro: ETH/USD inches closer to 13.50, good to buy on dips

Oct 04, 2016 10:53 am UTC| Digital Currency

ETH/USD has hit 13.47 levels so far in the day and looking to break above the previous high of 13.50 levels (Kraken). Long-term trend: Bullish Short-term trend: Bullish Ichimoku analysis of daily chart: Tenkan...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

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...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

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

Tesla's Robotaxi Tests in China Receive Government Backing for Full Self-Driving

Teslas ambitions for autonomous driving receive a significant boost as reports surface of the Chinese government endorsing the companys robotaxi trials with Full Self-Driving capabilities. Elon Musks vision of a global...

NFL, NBA, NASCAR Stars Resolve $2.4M Voyager Promo Lawsuit

NFL icon Rob Gronkowski, NBA player Victor Oladipo, and NASCAR driver Landon Cassill have collectively agreed to a $2.4 million settlement in a lawsuit concerning their roles in promoting the now-defunct cryptocurrency...

Grayscale's Ethereum ETF Twist: Withdraws Application Days Before SEC Verdict

In a dramatic turn of events, Grayscale shocked the cryptocurrency community by retracting its application for an Ethereum futures exchange-traded fund just days before the SECs looming decision deadline. This cast doubt...

Tesla Cybertruck Incident: Owner's Finger Injury Raises Safety Alarms

In a risky demonstration gone wrong, a Cybertruck owners attempt to prove its safety features backfired, resulting in a finger injury and stirring debates about the vehicles design and safety algorithms. Unexpected...

US Revokes Intel, Qualcomm Licenses Amidst Chip Sales Restrictions on Huawei

In a significant escalation of trade restrictions, the United States has revoked licenses from leading semiconductor manufacturers Intel Corp. and Qualcomm Inc., obstructing Huawei Technologies Co.s access to vital chip...