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Crypto Currency Brief: Bitcoin in red zone again; Coinbase launches new plugin system for payments; Bitcoin Superstore adds XRP to list of cryptocurrencies - Monday, August 6th, 2018

Aug 06, 2018 11:40 am UTC| Commentary Market Roundups Economy Digital Currency

BTC/USD: After recovering slightly over the weekend, Bitcoin prices again entered the red category and falling below the $7,000 mark. The price action is completely in contrast to news that San Francisco-based crypto giant...

BTC/USD plunges below 7k mark on bearish engulfing, more slumps on cards upon bearish crossovers despite data announcement

Aug 06, 2018 11:17 am UTC| Technicals Digital Currency Insights & Views

On daily plotting,BTCUSDforms hanging man and bearish engulfing pattern candles at $8,179.5 and $7,731.3 levels respectively. Ever since then, the price has constantly been dipping below DMAs and for now, plunged below...

Digital Currency Revolution

Coinsource surpasses 200th bitcoin ATM installation with 17 new machines in Florida

Aug 06, 2018 09:50 am UTC| Digital Currency

Leading bitcoin ATM operator Coinsource has surpassed the 200 machine milestone with the addition of 17 new machines in Florida. With five machines already installed in Jacksonville, Coinsource said it is expanding its...

Blockchain Revolution Series

A Look at the Possible Reasons for Slow Blockchain Adoption

Aug 06, 2018 09:06 am UTC| Digital Currency

It is important to note that blockchain adoption usually refers to primarily centralized systems -Distributed Ledger Technologies (DLTs). When one creates a DLT they are creating a standard which needs to be attractive to...

Total number of Bitcoin ATMs surpasses 3.5k globally in line with surge in demand

Aug 06, 2018 06:15 am UTC| Digital Currency Research & Analysis Insights & Views

The Bitcoin ATM segment has been a buzz world due to a wide range of features, such as ease of functionality, robust technology, and rapid increase in demand. Well, this sudden surge in demand is the major driving force as...

Key take away and intricacies of eToro market research on Litecoin

Aug 03, 2018 12:39 pm UTC| Research & Analysis Digital Currency Insights & Views

eToro, the worlds largest social investing platform, just published a market research report on Litecoin. We have listed key intricacies and takeaways of this report: Litecoin, the digital silver to Bitcoins digital...

FxWirePro: Top Altcoins Daily Outlook

Aug 03, 2018 11:54 am UTC| Digital Currency

EOS/USD: Intraday trend Slightly bullish EOS is consolidating after hitting low of $6.75.It recovered till $7.17 and is currently trading around $7.08. Major support-$6.54 (Jul 12th2018 low). Any break below $6.54...

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Economy

BCA Research Warns Iran and Ukraine Ceasefires May Offer Limited Relief for Global Markets

BCA Research analysts have cautioned that potential ceasefires in both Iran and Ukraine may provide only temporary support for global financial markets, as investors could be underestimating ongoing geopolitical risks and...

Rising Airfares May Challenge Cruise Industry Growth Ahead of 2027 Booking Season

The cruise industry could face increasing pressure in 2027 if high airfare prices continue to climb, according to a recent Deutsche Bank research report. The study highlights how rising airline ticket costs are already...

Brazil Extends Fuel Subsidies and Tax Relief Measures Through July 2026 Amid Global Oil Market Volatility

Brazils government has announced a two-month extension of its fuel subsidy and tax relief measures, ensuring that support programs remain in place until July 31, 2026. The decision aims to protect consumers and businesses...

Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations

Bank of America (BofA) analysts believe incoming Federal Reserve Chair Kevin Warsh could face a difficult policy environment as rising inflation and economic uncertainty complicate the outlook for U.S. interest rates....

US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns

The United States has initiated a new trade investigation into Vietnams handling of intellectual property (IP) rights, a move that could eventually lead to additional tariffs on Vietnamese imports. The investigation,...

Politics

Trump to Launch America 250 Celebration Amid Concert Cancellations

U.S. President Donald Trump is set to headline the opening ceremony of a major event celebrating Americas 250th anniversary after several scheduled musical performers withdrew from the program, according to reports. The...

US Plans Faster Military Drawdown in Europe, NATO Allies Face Greater Defense Role

The United States is reportedly preparing to accelerate the reduction of its military presence across Europe, signaling a major shift in NATO defense strategy. According to a report published by Germanys Welt am Sonntag,...

US to Accelerate Troop Withdrawal from Europe, NATO Allies to Review Plans Next Month

The United States is reportedly preparing to speed up the withdrawal of its military personnel from bases across Europe, according to a report published by Germanys Welt am Sonntag. The newspaper cited an unnamed Pentagon...

Trump Adviser’s Investment in Thrive Capital Draws Scrutiny Over Federal Contracts

A senior adviser in President Donald Trumps administration is facing scrutiny after a report revealed his involvement in government contract matters connected to companies backed by a venture capital firm in which he held...

US Southern Command Chief Holds Rare Military Meeting With Cuban Officials at Guantanamo Bay

A rare high-level military meeting between the United States and Cuba took place at the perimeter of the U.S. Naval Station at Guantanamo Bay, marking a significant development in U.S.-Cuba relations amid growing...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

Technology

Nvidia and Microsoft to Launch AI-Powered Windows PCs at Computex 2026

Nvidia and Microsoft are reportedly preparing to introduce a new generation of Windows PCs powered by Nvidia-designed processors, marking a significant step in the evolution of AI-enabled personal computing. According to...

SoftBank to Invest €75 Billion in France AI Data Center Expansion by 2031

SoftBank Group (TYO: 9984) has announced plans to invest up to 75 billion ($87.5 billion) in France to develop and operate 5 gigawatts (GW) of artificial intelligence data center capacity, marking one of the largest AI...

Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements

A Kentucky school district has secured nearly $27 million in settlements from major social media companies over allegations that their platforms contributed to a growing student mental health crisis. The financial details,...

MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook

MongoDB (NASDAQ: MDB) delivered stronger-than-expected first-quarter fiscal 2027 results, fueled by growing demand for its database platform among enterprises and organizations developing artificial intelligence...

SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target

Elon Musks SpaceX is reportedly moving forward with plans for a historic initial public offering (IPO), targeting a valuation of at least $1.8 trillion. According to a Bloomberg News report citing sources familiar with the...