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Digital Currency Revolution

FxWirePro: ETH/USD hovers around cloud top, good to go long on break above trend line resistance at 690

Apr 27, 2018 10:10 am UTC| Digital Currency

ETH/USD is trading tad higher on Friday and hovering around cloud top at 674 levels at the time of writing (Coinbase). On the upside, a consistent break above 671 (Cloud top) would see the pair testing 690 (trend line...

Digital Currency Revolution

Growing institutional interest drives positive sentiment and confidence in cryptocurrencies

Apr 27, 2018 09:08 am UTC| Digital Currency

Institutional interest in cryptocurrencies such as bitcoin is growing and it was a long time coming. While previously financial institutions distanced themselves from this emerging asset class and rather focused on the...

Digital Currency Revolution

Most people view Bitcoin as asset class rather than means of payment: UK FCA official

Apr 27, 2018 08:19 am UTC| Digital Currency

Most people now view bitcoin and other digital currencies as an asset class rather than a means of payment as originally intended, Mary Starks, Director of Competition, Financial Conduct Authority (FCA), said...

FxWirePro: BTC/EUR bearish engulfing hampers momentum, but hammer and dragonfly doji counters to spike off – Buy on bullish EMA crossovers

Apr 27, 2018 06:59 am UTC| Technicals Digital Currency

We had raised bearish indications and given short call accordingly on BTCEUR on 8th March anticipating the breach below double top neckline formation at 7583 levels, before we move on further with this write up, we urge...

Digital Currency Revolution

FxWirePro: BTC/USD faces trend line resistance at 9600, good to go long on break above

Apr 27, 2018 06:46 am UTC| Digital Currency

BTC/USD is trading in a narrow range on Friday as it tries to hold above Ichimoku cloud. It is currently trading at 9248 levels at the time of writing (Bitstamp). On the upside, resistance is seen at 9600 (trend line...

Digital Currency Revolution

Romanian bitcoin exchange BTCxChange to shut down

Apr 27, 2018 06:22 am UTC| Digital Currency

Romanian bitcoin exchange BTCxChange has announced that it will be shutting down its platform next month. In an online notice dated April 22, the exchange stated: We inform you that starting from 1st of May 2018, our...

Blockchain Revolution Series

Monex Group plans to go big on blockchain following Coincheck acquisition

Apr 27, 2018 05:30 am UTC| Digital Currency

Japanese online brokerage firm Monex Group has revealed its blockchain and initial coin offering (ICO) plans in its financial results for fiscal year ending March 31, 2018. Earlier this month, Monex Group acquired...

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Economy

Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance

Russian stocks closed mixed after Saturdays trading session on the Moscow Exchange, with the benchmark MOEX Russia Index finishing unchanged at 0.00%. Despite the flat headline performance, individual stocks showed varied...

Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen

Global financial markets ended Friday on a weaker note as major stock indexes declined, led by a sharp selloff in technology shares amid renewed skepticism over artificial intelligence investments. Rising U.S. Treasury...

Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026

The Federal Reserves latest policy signals suggest that interest rates are now close to neutral, raising the bar for additional rate cuts in 2025 and beyond. This shift implies restraint rather than rescue from the central...

S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally

U.S. stocks closed sharply lower on Friday as a selloff in technology shares, led by semiconductor companies, weighed heavily on broader markets and dampened enthusiasm around the artificial intelligence trade. The...

Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly

Federal Reserve Bank of San Francisco President Mary Daly said she supported cutting interest rates at this weeks Federal Open Market Committee (FOMC) meeting, highlighting the central banks effort to carefully balance...

Politics

Judge Orders Return of Seized Evidence in Comey-Related Case, DOJ May Seek New Warrant

A federal judge has ruled that prosecutors must return evidence seized from a key figure connected to the now-dismissed criminal case against former FBI Director James Comey, while allowing the U.S. Department of Justice...

Russian Drone Attack Hits Turkish Cargo Ship Carrying Sunflower Oil to Egypt, Ukraine Says

Ukraines navy has accused Russia of deliberately targeting a civilian Turkish cargo vessel with a drone attack in the Black Sea, escalating concerns over maritime security and the safety of international shipping routes....

U.S. Soldiers Killed in ISIS Attack in Palmyra, Syria During Counterterrorism Mission

Two U.S. Army soldiers and a civilian interpreter were killed on Saturday during an Islamic State (ISIS) attack in Palmyra, Syria, according to an official statement from the Pentagon. The attack occurred while U.S. forces...

International Outcry Grows Over Re-Arrest of Nobel Laureate Narges Mohammadi in Iran

International human rights organizations have strongly condemned the re-arrest of Iranian Nobel Peace Prize laureate Narges Mohammadi, sparking renewed global concern over freedom of expression and human rights in Iran....

Belarus Pledges to Halt Smuggling Balloons Into Lithuania

Belarusian President Alexander Lukashenko has pledged to take action to stop weather balloons used by cigarette smugglers from crossing into Lithuania, according to comments made by U.S. President Donald Trumps envoy, John...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...

Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand

Mizuho Securities has raised its price target on Broadcom Inc. (NASDAQ: AVGO), highlighting accelerating momentum in the companys artificial intelligence business and a rapidly expanding long-term backlog. The brokerage...

Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform

Atlassian Corps popular work management software Trello experienced a service disruption on Friday, leaving a number of users unable to access the platform. The outage was flagged by internet monitoring service...

Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns

Intel has tested advanced chipmaking equipment this year from ACM Research, a semiconductor toolmaker with deep operational ties to China, according to sources familiar with the matter. The move has drawn scrutiny because...

Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO

Moore Threads Technology Co Ltd (SS:688795), a Chinese graphics chipmaker often described as Chinas potential rival to NVIDIA Corporation (NASDAQ:NVDA), saw its share price fall sharply on Friday after the company issued a...