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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/USD faces strong resistance at 21-day MA , break above targets $589/$595

Sep 01, 2016 08:48 am UTC| Digital Currency

BTC/USD has once again retreated after making a high of $576. It is currently trading at $568.84 (Bitstamp). Long-term trend: bullish Ichimoku analysis (Daily chart): Tenkan-Sen level: $574.90 Kijun-Sen level:...

Digital Currency Revolution

Virtual currency exchange rate to stabilize with more widespread adoption: BoC Working Paper

Sep 01, 2016 04:31 am UTC| Digital Currency

Bank of Canada has recently published a working paper that develops an economic framework to analyse the factors affecting virtual currency exchange rate and predicts that with its widespread acceptance, the exchange rate...

Digital Currency Revolution

LTC/EUR faces strong resistance at 3.513, break above targets 3.76

Aug 31, 2016 12:39 pm UTC| Digital Currency

LTC/EUR is seen facing a strong resistance on Wednesday. The pair has broken minor resistance at 9-day EMA around 3.34 and jumped till 3.4100 levels (BTCE). It is currently trading around 3.411 at the time of...

Digital Currency Revolution

ETH/EUR trades slightly above 21- day MA, jump till 11.30 likely

Aug 31, 2016 11:56 am UTC| Digital Currency

ETH/EUR is seen trading above on Wednesday. The pair has once again gained after making a low of 9.7547. ETH/EUR jumped till 10.123 levels yesterday (KRAKEN). It is currently trading around 10.08 at the time of...

Digital Currency Revolution

LTC/USD breaks above 200-day MA, slight jump till 4.00 likely

Aug 31, 2016 11:52 am UTC| Digital Currency

LTC/USD has broken above 200-day MA and struggling to find themomentum to sustain its move. It is currently trading at 3.80 levels at the time of writing (BTC-e). Ichimoku analysis of daily chart: Tenkan Sen:...

Digital Currency Revolution

ETH/USD shows slight jump, close above 90 EMA confirms bullishness

Aug 31, 2016 11:29 am UTC| Digital Currency

ETH/USD is trying to trade in the positive on Wednesday, continuing its upward from yesterday. It is currently trading at 11.21 levels at the time of writing (Kraken). Ichimoku analysis of daily chart: Tenkan Sen:...

Digital Currency Revolution

Online shopping platform Shopawl accepts eBay purchases in bitcoin

Aug 31, 2016 09:27 am UTC| Digital Currency

Shopawl, a startup that allows shoppers to make purchases with bitcoin on one of Chinas biggest online shopping sites, Banggood.com, has announced that it is now accepting eBay orders, where users can buy eBay goods using...

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Economy

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...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

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,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Traders Forecast Best Altseason Since 2017 as Bitcoin Momentum Cools

As Bitcoin stabilizes above $64,000, traders forecast a burgeoning altcoin market that may mirror the explosive growth last seen in 2017. Bitcoin Rebounds Over Weekend, Traders Anticipate Potential Altcoin...

MicroStrategy's Bold Strategy Pays Off: Stock Skyrockets Amid Bitcoin Fluctuations

Despite the cryptocurrencys volatility, MicroStrategys stock soared by an impressive 461.7% over the past year, buoyed by strategic investments in Bitcoin and innovative debt management. MicroStrategy Triumphs: Stock...

Elon Musk in Beijing to Propel Tesla's Self-Driving Tech in China

Tesla CEO Elon Musk unexpectedly visited Beijing on Sunday to discuss launching Teslas Full Self-Driving technology in China and navigate data transfer policies amidst heightened US-China trade collaborations. Elon Musk...

Bitcoin Miners See Sharp Drop in Fee Revenue Following Halving Event

Following the recent Bitcoin halving, transaction fees, which once soared, now represent just 35% of miner revenue, significantly impacting their earnings amidst stable network conditions. Bitcoin Halving Sees Miner...

Adidas and Stepn Unveil NFT Sneakers in Trailblazing Web3 Partnership

Adidas has partnered with the Solana-based fitness app Stepn to launch an exclusive NFT sneaker collection, signaling the sports giants further dive into the Web3 space. Adidas Steps Into Web3 with Stepn Collaboration,...