Search Results for: currency market
JPMorgan considers getting into bitcoin while bank’s CEO Jamie Dimon calls it ‘a fraud’
November 23rd, 2017
The Wall Street banking giant JPMorgan is weighing up whether it could help its clients tap into a potential bitcoin futures market being prepared by the Chicago Mercantile Exchange (CME), media reported citing sources. The bank is gauging client ...
Warning Signs About Another Giant Bitcoin Exchange
November 22nd, 2017
As the price of Bitcoin has soared, the virtual currency has edged toward the mainstream. Square, the fast-growing payments company run by the Twitter co-founder Jack Dorsey, has begun selling Bitcoins to ordinary consumers, and the Chicago Mercantile Exchange ...
Asian Shares Joined A Global Rally; Currencies Review
November 22nd, 2017
Asian shares joined a global rally and scaled a fresh decade peak on Wednesday as strong world growth and rising corporate profits lured hordes of investors into equities, while oil prices jumped on expectations of a production cut. MSCI’s ...
Cryptos may destabilise fiat
November 17th, 2017
The assumption in some quarters is that crypto-currencies will replace gold as money, or at least challenge it. This is an error borne out of a misunderstanding of catallactics, or the theory of exchange. It also ignores the fact ...
Credit Suisse To Pay Millions For Unlawful Conduct In Its Forex Trading Business
November 15th, 2017
Credit Suisse Traders Engaged in Efforts to Manipulate Prices, Profited at the Expense of Clients, and Improperly Shared Customer Information Credit Suisse Executives Encouraged Traders to Engage in Front Running, Which Deceived and Disadvantaged Customers The Bank Will Also ...
Bitcoin’s value rose $10 billion in just 12 hours after a dramatic sell-off
November 14th, 2017
Bitcoin rallied more than 11 percent in just over half a day on Monday, following a dramatic plunge in the cryptocurrency over the weekend. The digital currency started trading at $5,857.32 on Monday and rose nearly 15.6 percent to ...
A review of the main moves in Stocks, Currencies, Bonds and Commodities
November 13th, 2017
Equities in Asia put in a mixed start to the week as investors sought fresh catalysts after last week’s run to record highs. The British pound took a hit as pressure mounts on U.K. Prime Minister Theresa May after ...
The man who predicted the 2008 financial crisis is skeptical about bitcoin
November 9th, 2017
The man who predicted the 2008 financial crisis is skeptical about bitcoin. Nouriel Roubini warns the cryptocurrency will become so regulated it will “find its end.” “In my opinion, there is a gigantic speculative bubble related to the bitcoin ...
Stocks In Asia Retreat; The Yen Advanced, Kiwi Dollar Jumped, Euro Traded Flat
November 9th, 2017
Stocks in Asia took a sudden turn lower, led by Japan, as some traders ascribed technically-driven trading after indexes hit historic highs earlier in the day. The yen and gold climbed as investors kept an eye on U.S. President ...
Goldman Sachs predicts bitcoin can run past $7,900
November 8th, 2017
Goldman Sachs expects bitcoin will hit new records, despite a roughly $600 drop in the digital currency from all-time highs. Bitcoin can hit $7,941 and eventually trade higher, Goldman Sachs’ Sheba Jafari says in a Sunday note. Following last ...
