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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: BTC/EUR downside capped by 89- 4H EMA, good to sell on rallies

May 31, 2017 07:52 am UTC| Digital Currency

BTC/EUR is consolidating between 2231 and 1940 for the past 3 trading session. The pair has declined till 2008 yesterday and shown a minor recovery from that level (CEXIO). Intraday weakness can be seen only below 2000...

Digital Currency Revolution

IRS actions sets ‘dangerous precedent’ for bitcoin companies: US Congress on IRS-Coinbase dispute

May 31, 2017 05:57 am UTC| Digital Currency

The members of the U.S. Congress have issued a letter to the Internal Revenue Service (IRS) on the agencys ongoing tussle with digital currency exchange Coinbase. The IRS last year issued a John Doe summons to Coinbase...

Digital Currency Revolution

Blockchain asset exchange OKCoin adds support for Ethereum trading

May 31, 2017 05:07 am UTC| Digital Currency

Leading blockchain asset exchange platform OKCoin has formally launched Ethereum trading (ETH) on its exchange. With Ethereum being second among the blockchain assets in terms of market cap, there has been an increased...

Digital Currency Revolution

Dutch Bitcoin Exchange BL3P expands to Euro area

May 31, 2017 05:01 am UTC| Digital Currency

BL3P, a subsidiary of the first bitcoin company in The Netherlands Bitonic, has announced the expansion of its services to the Single Euro Payments Area (SEPA). BL3P is now available to all EU residents [plus the...

Digital Currency Revolution

FxWirePro: BTC/CNY struggles to close above 61.8% fibo, good to sell on rallies

May 30, 2017 12:13 pm UTC| Digital Currency

BTC/CNY is trading in narrow range between 15550 and 14000 for the past two trading sessions (BTCCHINA). It is currently trading around 15180 levels at press time. The pair has shown a minor jump above 61.8% retracement...

Digital Currency Revolution

FxWirePro: ETH/EUR trades higher, good to buy on dips

May 30, 2017 11:05 am UTC| Digital Currency

ETH/EUR pair has formed a minor bottom around 113 and jumped sharply near all-time high from that level (KRAKEN). The pair jumped till 200 at the time of writing and it is currently trading around 192 at the time of...

Digital Currency Revolution

FxWirePro: ETH/USD trades higher, break above 113% fib targets 256

May 30, 2017 10:15 am UTC| Digital Currency

ETH/USD surpassed previous high of 210 levels on Tuesday and hit 218 levels. It is currently trading at 207 levels at the time of writing (BTC-e). Ichimoku analysis (Daily chart): Tenkan-Sen: 162.53 Kijun-Sen:...

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Economy

Russia Stocks Close Flat as MOEX Hits 1-Month High

Russian equities ended Saturdays session flat, with the MOEX Russia Index holding steady and touching a fresh one-month high despite muted market activity. Investors saw little movement across major sectors, as several key...

Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth

Vietnam recorded a notable month-on-month decline in trade activity in November, according to new data from the National Statistics Office (NSO). Exports fell 7.1% from October, reaching $39.07 billion, while imports...

Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook

Fitch Ratings has reaffirmed Austrias Long-Term Foreign-Currency Issuer Default Rating at AA with a Stable Outlook, underscoring the countrys strong economic fundamentals despite rising fiscal pressures. According to the...

Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut

The upcoming Federal Reserve meeting is shaping up to be one of the most closely watched and contentious in years, with investors focused on how divided policymakers are over a potential interest-rate cut and the signals...

U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut

U.S. stocks ended higher on Friday as a softer inflation reading strengthened expectations that the Federal Reserve could move forward with an interest-rate cut next week. The SP 500 climbed 0.2%, the Dow Jones Industrial...

Politics

Zelenskiy Describes “Substantive” Call With Trump Envoys as Ukraine, U.S. Explore Peace Path

Ukrainian President Volodymyr Zelenskiy said on Saturday that he held a long and substantive phone call with U.S. President Donald Trumps special envoy Steve Witkoff and Trumps son-in-law Jared Kushner, emphasizing that...

U.S. Defense Secretary Hegseth Defends Second Strike on Suspected Drug Boat Amid War-Crime Concerns

U.S. Defense Secretary Pete Hegseth reaffirmed his support for a September 2 second strike on a suspected drug-running vessel in the Caribbean, saying at the Reagan National Defense Forum that he fully backs the decision...

Hong Kong Elections Proceed as Voter Turnout Scrutinized Amid Public Anger Over Deadly Fire

Hong Kongs upcoming Legislative Council election on Sunday is drawing intense attention to voter turnout as the city continues to mourn the deadliest fire it has seen in nearly 80 years. The tragedy, which claimed at least...

Qatari PM Says Gaza Truce Negotiations Reach “Critical Moment” as Mediators Push for Lasting Ceasefire

Negotiations to solidify the U.S.-backed truce in the Gaza war have entered a critical phase, according to Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani. Speaking at the Doha Forum, he emphasized that...

Trump Urges Hall of Fame Induction for Roger Clemens Amid Renewed Debate

U.S. President Donald Trump is once again weighing in on Major League Baseball controversies, this time calling for legendary pitcher Roger Clemens to be inducted into the National Baseball Hall of Fame. Clemens, a...

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

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Taiwans political landscape heated up after the government announced a plan to suspend access to the Chinese social media platform Rednoteknown as Xiaohongshufor one year. The interior ministry said the proposed ban stems...

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...