Search Results for: currency market
Deloitte: Bitcoin at the crossroads
October 22nd, 2015
There is a race to regulate Bitcoin. Is it too soon? Bitcoin has captured the imagination of consumers and businesses around the world as a major breakthrough in how value is exchanged. The Bitcoin “blockchain” is a fundamental breakthrough ...
Saudi Arabia warned financial assets may be drained within five years
October 22nd, 2015
The IMF has warned that regional economies could burn through their financial buffers within five years as they face a $700 billion deficit. The fund lowered its projection for Gulf growth to 3.3 per cent this year, down from ...
OPEC Is About to Crush the U.S. Oil Boom
October 21st, 2015
U.S. oil output almost back down to level of last OPEC meeting Saudi-led strategy is paying off, says Societe Generale After a year suffering the economic consequences of the oil price slump, OPEC is finally on the cusp of ...
US undercover agent jailed for six years for Silk Road Bitcoin theft
October 21st, 2015
A former undercover policeman has been sentenced to six and half years in prison for stealing $700,000 of the virtual currency bitcoin. Agent, Carl Force was part of the Drug Enforcement Administration (DEA) investigation into the black market website ...
Interactive Brokers reports Earnings for 3Q 2015
October 21st, 2015
Interactive Brokers Group, Inc. an automated global electronic broker and market maker has issued a press release to announce on its Group results for the quarter ended September 30, 2015. The Company reported diluted earnings per share on a ...
ACCC investigating banks’ closure of bitcoin companies’ accounts
October 20th, 2015
The Australian Competition and Consumer Commission is investigating why Australian banks are closing the accounts of bitcoin businesses, amid concerns banks are colluding to block emerging competitors. ACCC chairman Rod Sims told The Australian Financial Review the investigation was ...
ETF industry expects nearly 18% growth per year over next three to five years
October 20th, 2015
90% of ETF providers expect positive net new business in next 18 months 27% expect cumulative annual growth rate of more than 25% over next three to five years US continues to lead ETF market, though Europe and Asia ...
Volkswagen hits metals
October 20th, 2015
Prices of platinum – used in engines – have tumbled since the scandal broke. PLATINUM prices have plunged since the Volkswagen emissions scandal broke, as investors have shifted into its sister metal palladium – with the latter’s price rising ...
Is China Turning To Bitcoin As Yuan Devalues?
October 19th, 2015
China is seemingly buying up a lot of Bitcoin and alternative currencies like gold right now. The devaluation of their currency has been slashed over the course of the past month. The country’s Foreign Exchange Commission has ordered financial institutions to increase its checks ...
Index Futures Drop With Asia Stocks After China GDP; Euro Rises
October 19th, 2015
Economy expands 6.9% in third quarter, beating estimates Gold retreats with copper as metals slide in data’s wake U.S. and European equity-index futures retreated with Asian shares and commodities after China reported the slowest economic growth since 2009. Treasuries ...
