Glasgow subway trains will be the UK’s first with no staff

Glasgow's subway system will be the first in the UK to operate trains with zero staff on board. As The Scotsman notes, Strathclyde Partnership for Transport (SPT) had already announced that a new batch of Swiss-built trains will be driverless. Now, h...

California bill would ban new fossil fuel vehicles from 2040

Under a new bill introduced this week, every single new car sold in California after 2040 would be an emission-free vehicle. The bill, introduced by San Francisco Assemblyman Phil Ting, is in line with Governor Jerry Brown's goal for 1.5 million zero...

Merrill Lynch “Bans” Clients From Investing in Bitcoin, Why It Will Backfire

Merrill Lynch, a major US-based bank that was acquired by Bank of America in 2011, has reportedly banned its clients from investing in bitcoin. An internal memo released by Merrill Lynch obtained by The Wall Street Journal read: “The decision to close GBTC to new purchases is driven by concerns pertaining to suitability and eligibility standards of this product.” Bitcoin Investment Trust (GBTC) Banned Specifically, Merrill Lynch prohibited its clients from purchasing shares of the Bitcoin Investment Trust (GBTC), the only regulated bitcoin investment vehicle in the US market operated by Grayscale Investments, a brokerage arm of Digital Currency Group. The forbidding of GBTC trading by Merrill Lynch is noteworthy because GBTC remains as the only regulated channel with which bank clients can trade bitcoin. Outside of that, there are bitcoin futures exchanges operated by the Chicago Board Options Exchange (Cboe) and CME Group but those two platforms target institutional and retail investors. Merrill Lynch advisor also told WSJ: “I think it’s a very good idea. [The company] made an assessment that there’s too much risk.”[When you buy a currency, you buy that country [based on its underlying economy and monetary supply.] When you buy bitcoin, you just buy bitcoin.” However, given that the value of any asset, currency, and commodity is subjective, and their performance depend on the market, the definition of risk involved in cryptocurrency trading remains unclear. Investment in any asset class or market can be risky. Every year, individual investors lose billions of dollars in the global stock market. Still, banks enable investors to invest in the stock market. It is not for the banks to decide which assets can be classified as risky or safe, considering that a solid criteria to segregate assets based on their risk cannot be formed. More to that, in a free market, the market and investors within it have the authority and the right to invest in whichever asset or currency, as the market decides the value for any asset. In a business standpoint, or the viewpoint of Merrill Lynch, it is not the best decision to disallow bitcoin and cryptocurrency trading because other leading financial institutions in the global market including the $96 billion Goldman Sachs and $360 JPMorgan Chase are providing an efficient platform for investors in the traditional finance market to engage in cryptocurrency trading. Clients of Merrill Lynch are not obligated to remain with Merrill Lynch. If they are dissatisfied with the decision of the company to outright ban bitcoin trading, clients will inevitably move to other major banks, that are larger than Merrill Lynch, to invest in the cryptocurrency market. Vietnam’s Bitcoin Ban The global cryptocurrency market and finance industry reacted similar to the imposition of a nationwide ban on bitcoin trading by Vietnam. The entire community was taken aback by the fact that major economies like Japan, the US, and South Korea have regulated bitcoin as a legitimate currency and an asset while a minor economy like Vietnam prohibited the usage of bitcoin. As with any other asset and technology, the failure to address the demand for a rising asset like bitcoin could isolate businesses such as Merrill Lynch from the global market. The post Merrill Lynch “Bans” Clients From Investing in Bitcoin, Why It Will Backfire appeared first on NewsBTC.

(+) Asian Market Update – Thursday: Litecoin Leads the Way Lower; Asian Stocks Extend...

The post (+) Asian Market Update – Thursday: Litecoin Leads the Way Lower; Asian Stocks Extend New Years’ Rally appeared first on CCN The post (+) Asian Market Update – Thursday: Litecoin Leads the Way Lower; Asian Stocks Extend New Years’ Rally appeared first on CCN

Asian Market Update – Thursday: Litecoin Leads the Way Lower; Asian Stocks Extend New...

The post Asian Market Update – Thursday: Litecoin Leads the Way Lower; Asian Stocks Extend New Years’ Rally appeared first on CCN The post Asian Market Update – Thursday: Litecoin Leads the Way Lower; Asian Stocks Extend New Years’ Rally appeared first on CCN

Ethereum Price Technical Analysis – ETH/USD Gunning Toward $1000

Key Highlights ETH price is surging higher and it recently moved above the $900 level against the US Dollar. There is a crucial bullish trend line forming with support at $890 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair remains in a super bullish trend and it is likely to move toward $1000 in the near term. Ethereum price is gaining upside momentum against the US Dollar and Bitcoin. ETH/USD may soon make an attempt to break $1000. Ethereum Price Trend There were continuing gains in ETH price from the $800 swing low against the US Dollar. The price gained upside momentum and was able to move above the $850 and $860 resistance levels. The upside move was strong since the price was able to move above the $900 level. A new all-time high was formed at $946.71 from where the price started a downside correction. It recently tested the 23.6% Fib retracement level of the last upside leg from the $813 low to $946 high. On the downside, there are many support levels such as $900 and $890. There is also a crucial bullish trend line forming with support at $890 on the hourly chart of ETH/USD. The same trend line support is around the 38.2% Fib retracement level of the last upside leg from the $813 low to $946 high. Therefore, if the pair corrects lower, it will most likely find buyers around $900 and $890. On the upside, the recent high near $946 is a short term resistance. Above the mentioned $946 level, the price is likely to accelerate towards the $1000 handle. It would be interesting to see how the price reacts around $1000 and whether buyers can keep the upside momentum intact. Hourly MACD – The MACD is placed nicely in the bullish zone. Hourly RSI – The RSI is currently correcting lower from the 70 level. Major Support Level – $900 Major Resistance Level – $950 Charts courtesy – SimpleFX The post Ethereum Price Technical Analysis – ETH/USD Gunning Toward $1000 appeared first on NewsBTC.

The Morning After: Thursday, January 4th 2018

Hey, good morning! You look fabulous. First things first: check your system for updates. Once you've got that sorted, we have plenty of pre-CES info to share including a new XPS 13 from Dell and a quick flyby video of SpaceX's big rocket.

LTCUSD Technical Analysis for 01/04/2018 – Another Channel Test

LTCUSD continues to trend lower and appears to be bouncing off the channel resistance highlighted in an earlier post. Bearish […] The post LTCUSD Technical Analysis for 01/04/2018 – Another Channel Test appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

Announcing Blockchain & Cryptocurrency Con 2018

Dallas, TX (USA), December 29, 2018. Blockchain & Cryptocurrency Con 2018, an international conference on blockchain technology that will be held in Texas, has been scheduled for February 22 – 24, 2018. And the host city will be Addison, a northern suburb of Dallas. It will be an opportunity for all involved in blockchain technology – developers, lawyers, regulators, cryptocurrency traders, or just enthusiasts – to get together to explore and exchange ideas around a technology that’s set to completely reshape how we interact and conduct business in the coming years. R3, a fintech startup that counts more over 100 banks, financial institutions, regulators, trade associations, professional services firms and technology companies as partners, and Blockmatics, a leading educator in the blockchain space, will conduct training classes for developers, business executives and lawyers. R3’s 2-day Corda training for developers will cost just 33% of what you’ll normally pay at other locations. So even after taking into account travel and hotels cost from anywhere on the planet, you can still save about $1,000 USD by taking the class at this conference. More information about the training classes and conference presentations is available at https://blockchain-conf.com. Need to reach the organizers for any reason? Our contact information is on the website. We hope to see you all at the conference. The post Announcing Blockchain & Cryptocurrency Con 2018 appeared first on NewsBTC.

White Dell XPS 13 Runs 8th-Gen Intel Processor

Dell pulls the curtain off its new premium ultraportable, now available in new color schemes and faster than ever.