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Digital Currency Revolution

FxWirePro: ETH/USD finds trend line support near 420, bias remains bearish, stay short

Jun 26, 2018 09:00 am UTC| Digital Currency

ETH/USDs recent downtrend to 421 levels found support near trend line joining 202.25 and 360. It is currently trading at 449 levels at the time of writing (Coinbase). On the topside, the pair will run into resistance at...

Digital Currency Revolution

FxWirePro: BTC/USD recovers slightly from 7-month lows, bias remains bearish, stay short

Jun 26, 2018 07:29 am UTC| Digital Currency

BTC/USD has recovered slightly from the 7-month low of 5780 levels hit on June 24. It is currently trading at 6234 levels at the time of writing (Bitstamp). The pairs upside is capped by 6333 (7-DMA) and a break above...

Blockchain Revolution Series

Spanish National Securities Market Commission completes blockchain trial to register warrant issuance

Jun 26, 2018 06:45 am UTC| Digital Currency Fintech

The Spanish National Securities Market Commission (CNMV) and stock market operator BME have been collaborating with a number of financial institutions on a blockchain project. Dubbed Fast Track Listing or FTL, the...

Blockchain Revolution Series

Four blockchain entrepreneurs make it to 2018 Thiel Fellows cohort

Jun 26, 2018 06:02 am UTC| Digital Currency

The Thiel Foundation last week announced the names of 20 people, who have made the cut for the 2018 class of Thiel Fellows. Launched in 2011, the Fellowship program encourages talented young people to pursue big ideas...

Alibaba chief calls for bitcoin bubble but constructive on blockchain

Jun 26, 2018 05:08 am UTC| Digital Currency Research & Analysis Fintech Insights & Views Commentary

Alibaba Chairman Jack Ma says that he would stay away from bitcoin because it could be a bubble but he reportedly seems to be constructive on the blockchain. Ant Financial, an affiliate of Alibabas backed by some of the...

Digital Currency Revolution

Andreessen Horowitz launches $300M crypto fund

Jun 26, 2018 05:07 am UTC| Digital Currency

U.S.-based venture capital firm Andreessen Horowitz (a16z) has announced the launch of a new $300 million venture fund that will invest in cryptocurrencies. The fund, a16z crypto, will be led by a team of crypto...

Blockchain Revolution Series

AlipayHK, GCash roll out blockchain-powered cross-border remittance service

Jun 26, 2018 04:20 am UTC| Digital Currency

Ant Financial, an affiliate company of the Chinese Alibaba Group, has launched a blockchain-powered cross-border remittance service. The service leverages blockchain technology developed by Alipay, the online payment...

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Economy

Oil Prices Edge Higher as US-Iran Tensions and Strong Payroll Data Shape Market Sentiment

Oil prices moved higher in Asian trading on Thursday as ongoing geopolitical tensions between the United States and Iran kept a risk premium firmly embedded in crude markets. Investors closely monitored developments in the...

Gold and Silver Prices Slip After Strong U.S. Jobs Data, Fed Rate Cut Bets Fade

Gold and silver prices edged lower in Asian trading on Thursday after stronger-than-expected U.S. nonfarm payrolls data reduced expectations of aggressive Federal Reserve interest rate cuts. However, ongoing geopolitical...

Asian Stocks Hit Record High as Strong U.S. Jobs Data Tempers Fed Rate Cut Hopes

Asian stocks surged to fresh record highs on Thursday, supported by a rally in technology shares and renewed investor confidence across the region. South Korean and Japanese equities led gains in early trading, pushing...

RBA Signals Further Interest Rate Hikes if Inflation Persists, Says Governor Michele Bullock

Reserve Bank of Australia (RBA) Governor Michele Bullock has warned that additional interest rate hikes remain possible if inflation in Australia becomes entrenched, underscoring the central banks firm commitment to...

U.S. Stock Futures Steady as Strong Jobs Data Clouds Fed Rate Cut Outlook

U.S. stock futures were little changed Wednesday evening following a muted session on Wall Street, as investors weighed a stronger-than-expected jobs report that dampened expectations for near-term Federal Reserve rate...

Politics

Trump Urges Pardon for Netanyahu Amid Ongoing Corruption Trial

U.S. President Donald Trump has renewed calls for Israeli Prime Minister Benjamin Netanyahu to receive a presidential pardon over his ongoing corruption trial, criticizing Israeli President Isaac Herzog for not taking...

Trump Signals Urgency for U.S.-Iran Deal, Warns of “Traumatic” Consequences Without Agreement

President Donald Trump emphasized the urgent need for a new U.S.-Iran deal on Thursday, warning that failure to reach an agreement could lead to very traumatic consequences. Speaking to reporters, Trump underscored the...

Mark Carney to Attend Tumbler Ridge Vigil After Tragic British Columbia School Shooting

Canadian Prime Minister Mark Carney will travel to Tumbler Ridge, British Columbia, on Friday to attend a vigil honoring the victims of one of Canadas deadliest mass shootings. The visit comes at the invitation of the...

Trump to Unveil Multi-Billion Dollar Gaza Reconstruction Plan and U.N.-Backed Stabilization Force

President Donald Trump is set to announce a multi-billion dollar Gaza reconstruction plan and outline the deployment of a United Nations-authorized stabilization force during the first formal meeting of his newly formed...

House Votes to End Trump’s Canada Tariff Emergency, Senate Showdown Looms

The U.S. House of Representatives voted Wednesday evening to terminate the national emergency declared by President Donald Trump to impose tariffs on Canada, marking a significant development in the ongoing debate over...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports

The U.S. Department of Commerce has announced a $252 million settlement with Applied Materials, resolving allegations that the semiconductor equipment maker illegally exported U.S. chip manufacturing technology to China....

Russia Moves to Fully Block WhatsApp as Kremlin Pushes State-Backed MAX App

Russia has reportedly attempted to fully block WhatsApp, the popular messaging service owned by Meta Platforms, as part of its broader efforts to tighten control over the countrys digital space. According to a company...

Instagram CEO Defends Platform in Youth Mental Health Lawsuit Over Social Media Addiction Claims

Adam Mosseri, head of Meta Platforms Instagram, defended the companys product decisions during a high-profile trial in Los Angeles centered on allegations that social media addiction has contributed to a youth mental...

FTC Questions Apple News Over Alleged Bias Against Conservative Media

The U.S. Federal Trade Commission (FTC) has raised concerns about Apple News following allegations that the platform favors left-leaning media outlets while excluding conservative publications. In a letter addressed to...

Pentagon Seeks Broader Access to AI Tools on Classified Military Networks

The Pentagon is accelerating efforts to deploy advanced artificial intelligence tools across both unclassified and classified military networks, signaling a major shift in how the U.S. Department of Defense plans to...