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Alert! Cryptocurrency fraudsters are using cryptocurrencies to swindle consumers
December 19th, 2018
The Financial Services and Markets Authority (FSMA), an autonomous public institution that supervises the Belgian financial sector, has issued a warning to inform consumers for cryptocurrency fraud. In accordance the warning, despite its earlier warnings, the FSMA continues to ...
Bitcoin jumps 11%
December 18th, 2018
Bitcoin staged a minor recovery on Monday, finally topping the $3,400 level after weeks of pain. The cryptocurrency has nosedived by more than 80 percent from the all-time high hit exactly a year ago. On December 17, 2017 bitcoin ...
The world’s biggest hedge fund is getting whacked, and why “Moneyness” matters
December 12th, 2018
A few years ago the Swiss National Bank (SNB) – which traditionally held “monetary assets” like government bonds, cash and gold to back up the Swiss franc — decided to branch out into common stocks. This was a ...
Tax revenues in advanced economies have continued to increase; OECD research
December 11th, 2018
Tax revenues in advanced economies have continued to increase, with taxes on companies and personal consumption representing an increasing share of total tax revenues, according to new OECD research. The 2018 edition of the OECD’s annual Revenue Statistics publication ...
FCA UK proposes permanent measures for retail CFDs and binary options
December 10th, 2018
The Financial Conduct Authority (FCA) is proposing rules to address harm to retail consumers from the sale of certain complex derivative products with the publication of two consultation papers. The rules would apply to firms acting in or from ...
How much are households in Europe spending on food?
December 7th, 2018
Eurostat, the statistical office of the European Union, published stats showing how much people of the European countries are spending on food. In 2017, households in the European Union (EU) spent 12.2 % of their total consumption expenditure on ...
Between 600K and 800K bitcoin miners shut down since mid November
December 6th, 2018
Between 600,000 and 800,000 bitcoin miners have shut down since mid-November amid declines in price and hashrate across the network, according to the third-largest mining pool. In an interview with CoinDesk, Mao Shixing, founder of F2pool, said his firm’s ...
Households in Europe spent over €1.1 trillion on transport
December 4th, 2018
In 2017, households in the European Union (EU) spent 13.0% of their total consumption expenditure on transport. This represents a total expenditure of over €1.1 trillion, equivalent to 7.1% of EU GDP or €2 100 per EU inhabitant. Transport ...
Individual sentenced to 5 years’ imprisonment for defrauding investors
December 3rd, 2018
The Financial Conduct Authority (FCA) has issued a press release to inform that an individual sentenced to 5 years’ imprisonment in FCA prosecution of £3m investment fraud. In accordance the FCA’s press release, Mark Barry Starling, aged 57 of ...
General Motors and General Electric were both victimized by the same Ponzi Scheme
November 30th, 2018
General Motors and General Electric were both victimized by the same Ponzi Scheme, and they are both telling us the U.S. economy is in HUGE Trouble. America’s twin economic “generals” are both in very deep trouble. General Electric ...
