Search Results for: currency market
U.S. financial regulator releases Primer on Virtual Currencies
October 18th, 2017
The Commodity Futures Trading Commission’s LabCFTC released, “A CFTC Primer on Virtual Currencies.” This primer is the first of a series that LabCFTC will release to provide fundamental, and essential, information about financial technology (FinTech) innovation. “LabCFTC believes that ...
CFTC announces Clearinghouse liquidity stress test results
October 18th, 2017
Staff of the U.S. Commodity Futures Trading Commission (CFTC) issued a report detailing the results of an evaluation of settlement liquidity at clearinghouses. The purpose of the analysis was to assess the impact of a hypothetical extreme but plausible market ...
Dollar moved to one-week top against a basket of currencies
October 18th, 2017
Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as investors waited to see what policies might emerge from China’s Communist Party conference. The twice-a-decade congress is expected to cement the power of President Xi ...
Russia to ban Bitcoin Exchange websites, says Central Bank Official
October 10th, 2017
Russia will block access to websites of exchanges that offer crypto-currencies such as Bitcoin, Russian Central Bank First Deputy Governor Sergei Shvetsov said on Tuesday. He called them “dubious”. Russian financial authorities initially treated any sort of money issued ...
Feds Miss out on $600 Million Payday in Silk Road Bitcoin Auction
October 9th, 2017
The U.S. Department of Justice recently claimed the proceeds from the sale of 144,336 bitcoins found in Ross Ulbricht’s laptop, gained from Silk Road’s seizure in 2013. Claiming the proceeds took a couple of years, and netted the government little over ...
The upcoming increase in interest rates
October 6th, 2017
Last week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The working assumption should be that this was coordinated, and that both the ECB and ...
Venezuela suggests global oil trade in Russian ruble & Chinese yuan
October 5th, 2017
The President of Venezuela Nicolas Maduro has proposed oil producing countries should discuss creating a currency basket for trading crude and refined products. “Developing a new mechanism of controlling the oil market is necessary,” he said on Wednesday at ...
Bitcoin could hit $6,000 by year-end, experts said
October 4th, 2017
Bitcoin could rally nearly 40 percent to hit $6,000 before the end of the year but investors should brace for more volatility, according to industry experts. The cryptocurrency was trading around $4,333 on Tuesday. The third quarter has been ...
Japan Approves 11 Bitcoin Exchanges In Regulatory Framework
October 3rd, 2017
Japan’s Financial Services Agency (FSA) has granted regulatory approval to 11 domestic virtual currency exchanges, making them the first to be allowed to operate under the country’s new financial services regulations. The list of companies includes bitFlyer, QUOINE, Bit ...
Europe Stocks Ready to Outpace Wall Street
September 29th, 2017
Euro-area stocks may be ready to get back at Wall Street. The rallying euro damped gains in the region’s stocks, which underperformed this year versus the S&P 500 index despite a brisk economic recovery and a rebound in earnings. ...
