Search Results for: assets
Spanish government raises taxes for the rich and wealthy
October 27th, 2020
The Government raises corporation tax, wealth tax and personal income tax for the rich. The President of the Government, Pedro Sánchez, and the second vice president, Pablo Iglesias, presented the preliminary draft of the General State Budget on Tuesday, ...
The destruction of the euro
October 26th, 2020
The Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming. Despite official denials over the years that it is a matter of concern, it is increasingly obvious ...
The Euro US Dollar exchange rate is pushing higher
October 21st, 2020
The Euro US Dollar (EUR/USD) exchange rate is pushing higher on Wednesday for a fourth straight session. The pair settled +0.5% higher at US$1.1821 in the previous session, towards the upper end of the daily traded range. At 07:15 ...
$1.2 Million penalty imposed in Forex trading scheme
October 20th, 2020
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform that the U.S. District Court for the Eastern District of Pennsylvania entered an order of default judgment finding that Michael Salerno of Chadds Ford, Pennsylvania, and his ...
The emerging evidence of hyperinflation
October 15th, 2020
Note: all references to inflation are of the quantity of money and not to the effect on prices unless otherwise indicated. In last week’s article I showed why empirical evidence of fiat money collapses are relevant to monetary ...
Breaking: FCA bans the sale of crypto-derivatives to retail consumers
October 6th, 2020
The FCA has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of cryptoassets to retail consumers. The FCA considers these products to be ill-suited for retail consumers due to the ...
Venezuela wins UK court decision in battle to get its gold back
October 6th, 2020
The UK’s appeals court has ruled in favor of President Nicolas Maduro’s government in the battle to repatriate Venezuela’s $1 billion worth of gold held at the Bank of England, reversing an earlier decision. The UK High Court ruled ...
The dollar clung to familiar ranges on Monday
October 5th, 2020
The dollar clung to familiar ranges on Monday as financial markets awaited news on the health of U.S. President Donald Trump, who last week tested positive for the coronavirus, sending investors into safe-haven assets. Risk-sensitive markets such as stocks ...
Bitcoin posts a 66-day consecutive streak above the $10K price range
October 2nd, 2020
The Bitcoin network has achieved a few new milestones during the last week, as the price has remained above the $10k range for a record 66 consecutive days. Meanwhile, the network has surpassed 18.5 million bitcoin issued, as the ...
Over $150M drained in KuCoin crypto exchange hack
September 29th, 2020
The Singapore-headquartered digital asset exchange KuCoin said in a statement that it detected large withdrawals of bitcoin (BTC) and ethereum (ETH) tokens to an unknown wallet beginning at 19:05 UTC time on Friday. In a live stream on 4:30 ...
