Charlie Shrem Found Guilty of Abetting Illicit Transactions Charlie Shrem (founder of BitInstant and former board member of the Bitcoin Foundation) was found guilty of abetting illicit transactions to online drug bazaar Silk Road...
Russia has been in trouble since plunge in oil price and western sanctions from US and Europe and it was facing economic difficulties in declining ruble value as well. Russia the biggest energy exporter, saw its currency tumble as much as 59% this year...
The key points: 1. Oil crash coincided with the introduction of economic sanctions against Russia 2. 80% of shale oil production in the US economically unviable at $60 per barrel 3...
Arab OPEC producers expect global oil prices to recover to between $70 and $80 per barrel by the end of 2015 as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to stabilise in the medium term...
On Tuesday U.S. stocks were poised for a higher open, putting the Dow and S&P 500 on track to extend a four-day rally after an unexpectedly strong GDP report. In general, trading volume is expected to be light this week due to the Christmas holiday...
On Tuesday the greenback was soaring near nine-year highs versus the other major currencies, ahead of highly anticipated U.S. third quarter growth data and as expectations for a U.S. rate hike by next year continued to lend broad support to the dollar. The U.S...
We know that “money printing” distorts the level of relative prices in an economy because, at certain times, some prices may increase faster than other prices...
According to data compiled by International Monetary Fund (IMF), Ukraine cut gold reserves for a second month to the lowest since August 2005 as Russia bought bullion for an eighth month to take its holdings to the highest in at least two decades...
From Greg Canavan in Albert Park: --The Aussie market is set to follow up Friday’s massive rally with further gains today, although the action will be much more subdued. And with Christmas just a few days away, volumes will be much lower. --Anyway, all the fireworks occurred last week...
December 22, 2014 Santiago, Chile I want you to imagine this nightmare scenario for a moment. You walk into the grocery store and head down the aisles, family in tow, procuring your normal ration of foodstuffs for the fortnight. Something doesn’t make sense...
The scheduled Bitcoin Expo 2015 is expected to become a huge success for the digital currency in London: according to the organizers of the event, “The year of 2015 will begin in a grand style in London...
A former trader at Royal Bank of Scotland has become the first UK banker to be arrested on suspicion of rigging the £3.5trillion a day foreign exchange market. City of London police and the Serious Fraud Office arrested the unnamed man at an address in Billericay in Essex...
On Monday the US dollar was little changed against the other major currencies, moving towards five-year highs as expectations for a U.S. rate hike next year continued to support demand for the greenback. The Russian ruble gained ahead of major month-end tax payments in Russia...
Commerce Minister Gao Hucheng said expanding a currency swap between the two nations and making increased use of yuan for bilateral trade would have the greatest impact in aiding Russia, as Bloomberg reports...
Published around the 21st of each month, the Conference Board’s Index of Leading Economic indicators is made up of 10 sub indices which tend to move ahead of the overall Economy. The 10 sub indices are: 1...
PeerNova is not new to Bitcoin; however, in order to strengthen its presence in the ecosystem, the company recently organized a fund raising event and even managed to bag $8.6 million. The company announces that it is focused towards expanding the business on Blockchain-based enterprise products...
After Saudi Arabia Oil minster said the Global Oil Demand will rise in future.The Crude Oil Prices started to accelerate.The Weekly charts shows clearly japanese candlesticks Bullish hammer.More upside we will see in future. 13% fibo target 60.63 23% fibo target 66.50 38% fibo target 78.28...
What Happened When Marissa Mayer Tried to Be Steve Jobs (NYT Magazine) China is Planning to Purge Foreign Technology and Replace With Homegrown Suppliers (Bloomberg) • The most powerful financial regulators in the world — and they never asked for the job (Medium) Why the Oil Rout Has Spread Econo...
The diplomatic break-through between the United States and Cuba is clearly a major second-term coup for President Barack Obama, but in reality, the island nation’s willingness to expedite the pace of reform was forced upon it due to Venezuela’s diminishing ability to continue offering financial s...
Debt Trumps Democracy Every Time CALLUM NEWMAN Melbourne, Australia Saturday, December 20th, 2014...
