Search Results for: mining
The Central Bankers’ Bold New Idea: Print Bitcoins
July 20th, 2016
When it comes to bitcoin and digital currencies, central banks might be considering the adage: “If you can’t beat them, join them.” In a research paper published on Monday, economists at the Bank of England advocated that central banks issue their own ...
Asian Stocks Near Three-Month High as Yuan Rises With Crude Oil
July 20th, 2016
Commodity shares decline amid a retreat in industrial metals Hong Kong equity index set for bull market as yuan gains Asian stocks rose with European equity index futures as positive earnings reports from some of the world’s biggest companies ...
Brexit, banks fueling bitcoin’s resurgence
July 19th, 2016
The bitcoin renaissance seems to be at hand, with investors using the virtual currency to weather turbulent financial markets and banks striking partnerships to explore the system’s underlying technology. Until mid-May, 1 bitcoin fetched on the order of $400 ...
MasterCard was ordered to pay Sainsbury $90.8 million in fee case
July 15th, 2016
MasterCard Inc. was ordered to pay U.K. supermarket chain J Sainsbury PLC 68.6 million pounds ($90.8 million) because fees it passed on to the grocer were too high, a London judge ruled. The lawsuit concerned interchange fees that are ...
Digital currency Steem soars 1,000% in value in two weeks
July 13th, 2016
Currency behind social media website Steemit, in which users are rewarded or paid based number of ‘thumbs up’, has rocketed to more than $150m in value Steem, the digital currency behind the new social media website Steemit, soared more ...
SecondMarket, Inc. and Bitcoin Investment Trust (BIT) Settle Charges
July 12th, 2016
SecondMarket, Inc. and Bitcoin Investment Trust (BIT) Settle Charges Relating to Unlawful Redemptions of BIT Shares during a Continuous Distribution The Securities and Exchange Commission announced that SecondMarket, Inc., a New York broker-dealer registered with the Commission, and Bitcoin Investment Trust (BIT), a ...
IRS takes Facebook to court
July 12th, 2016
Feds are demanding corporate records of its offshore assets. Signaling a shift in enforcement tactics against big companies that make money from intellectual property, federal tax officials have sought a court order demanding internal corporate records related to one ...
Bitcoin challenger YoCoin launches
July 8th, 2016
Cryptocurrency has become a phenomenon that will not be going away anytime soon, and YoCoin is leading the charge to take cryptocurrencies mainstream and make them accessible to everyone. Unlike most of the alternative cryptocurrencies, YoCoin is a decentralized, ...
Forget gold, silver is on fire and could hit $25/oz. by the end of 2016
July 7th, 2016
Silver has seen double the percentage gain of gold since Brexit Silver has outshined its sister metal since the U.K.’s decision to leave the European Union sparked turmoil in global equities markets, and the rally could lift the white ...
U.S. Stocks Advance Amid Drug-Maker Rally as Caution Subsides
July 7th, 2016
Fed minutes show heightened uncertainty on job data, U.K. vote Banks, commodity shares rise after erasing early losses U.S. stocks advanced, led by gains among drug companies, as cautious sentiment eased amid speculation the American economy can weather the ...
