Bitcoin Investors Concerned As It Takes A Massive Plunge
For many Bitcoin investors, last week was a pretty stunning week as the cryptocurrency finally stopped its rise and started its price correction. From a stunning $20,000 high, it has dropped to $13,333. That is a 45% loss in value.
Read MoreUK Public Finances Grow Stronger Even As Tax Revenues Rise
The British budget deficit went down in November due to robust income from tax revenues. The trend has kept British finance minister Philip Hammond on track to meet his new fiscal targets. The Office of National Statistics reports that public
Read MoreNorth Korean Hackers Focusing On Growing CyberCurrency Market
South Korean researchers are sounding the alarm on recent North Korean cyber-attacks. North Korea has a special group of hackers that are endorsed by the government and have made it a habit in the past to hack websites to steal
Read MoreSEC Chief Urges Cryptocurrency Investors To Exercise Caution
US Securities and Exchange Commission (SEC) Chairman Jay Clayton released a statement this week, warning everyone who are currently trading and interested in the exchange of initial coin offerings (ICOs) to exercise extreme caution when dealing with cryptocurrencies. While cryptocurrency
Read MoreIMF Stress Test Warns China Of Potential $280bn Capital Shortfall
The International Monetary Fund (IMF) completed its first comprehensive review of China’s financial system after six years and found that China banks must increase their capital buffers, lest they face a capital shortfall in a sudden economic crash. The stress
Read MoreSingapore Beats USA As No1 Destination For Chinese Investments
The United States has been the number one investment destination for top Chinese companies and wealthy investors for a long time. The U.S has lost that position to Singapore this year based on the latest report from the Economist Intelligence
Read MorePound turns bullish on expectation of Brexit breakthrough
As the UK inflation rate nudged toward 3%, the Pound turned bullish in September. The rate hike in November ensured a consolidation of the Pound against most of the G10 currencies, including the Swiss Franc. Since September 11, the Pound
Read MoreEuro turns weak on German political uncertainty
For the past two months, the EUR/JPY pair has been range bound between 132.40 and 133.40. Both the Euro zone and Japanese economy have been showing signs of improvement. The inflationary pressure is picking up in the Euro zone, while
Read MoreGroupon swings to Q3 profit, raises FY17 profit view
Last week, the online daily deal service provider Groupon, Inc. (NASDAQ: GRPN) reported a swing to profit in the fiscal 2017 third-quarter. The company’s earnings also met analysts’ estimates. However, the revenue missed the Wall Street estimates. Still, on the
Read MoreInterest rate differentials signal uptrend in AUD/CHF pair
So far in November, the Australian dollar has been on a steady decline against the Swiss Franc. The forced shut down of steel mills, which began in September and will run until March, to control pollution in China during winter
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