Search Results for: currencies
Why the Chinese Yuan Will Lose 30% of its Value
February 19th, 2016
The stark truth is nobody wants yuan any more. The U.S. dollar (USD) has gained over 35% against major currencies since 2011. China’s government has pegged its currency, the yuan (renminbi) to the USD for many years. Until mid-2005, ...
New Digital Currency Zcash Promises Total Anonymity and Privacy
February 18th, 2016
The creators of a new digital currency say that mathematical algorithms will ensure that its users keep their transactions counterparties and amounts encrypted. While digital currencies such as Bitcoin are known for their pseudonymity, it is often possible to ...
7 Asian Banks Investigating Bitcoin and Blockchain Tech
February 17th, 2016
Until recently, there was a noticeable lack of interest in bitcoin and the blockchain among the financial institutions of Asia. In fact, banks there were more likely to be issuing warnings about digital currencies than getting involved in any related activity. It was the fall of Mt Gox in ...
Bank of Canada Announces Future Changes to its Published Foreign Exchange Rate Data
February 17th, 2016
The Bank of Canada today announced that, effective 1 March 2017, it will make a series of changes to the number, frequency and calculation methodology of its published foreign exchange (FX) rates. Although these changes will not come into ...
Asian shares consolidate, oil swings higher
February 17th, 2016
Asian shares were taking a breather on Wednesday after two sessions of solid gains, while oil prices swung higher as the market reconsidered the chances of a meaningful deal to restrict supply later in the year. The mood was ...
Password cracking attacks on Bitcoin wallets net $103,000
February 16th, 2016
Hackers have siphoned about $103,000 out of Bitcoin accounts that were protected with an alternative security measure, according to research that tracked six years’ worth of transactions. Account-holders used easy-to-remember passwords to protect their accounts instead of the long cryptographic ...
Shares Jump From Europe to Japan as Oil Holds Rally; Yuan Soars
February 16th, 2016
Absence of post-holiday China selloff bolstered sentiment Draghi said ECB will act should turmoil hit price stability Stocks came back with a vengeance amid speculation losses that sent global equities into a bear market had gone too far, with ...
Pound advances against majors
February 15th, 2016
The British pound strengthened against the other major currencies in the Asian session on Monday. The pound rose to a 6-day high of 1.4236 against the Swiss franc, from Friday’s closing value of 1.4162. Against the euro and the ...
Gold outlook improves
February 12th, 2016
There is a conflation of three related events that materially alter the prospects in favour of a higher gold price. The change in the outlook for US interest rates has probably put an end to the dollar’s four-year bull ...
The Schism Over Bitcoin Is How Bitcoin Is Supposed to Work
February 12th, 2016
THE BITCOIN COMMUNITY can’t even agree on whether it’s breaking up. Last month, Mike Hearn—an ex-Googler and one of the biggest names working on the software underpinning bitcoin—made more than a few headlines when he called the digital currency “a failed ...
