Bitcoin and other cryptocurrencies are gaining more attention as days pass. Aside from the advantages that cryptocurrencies have like anonymity and easy international transactions, people are enticed by the fact that it can become a good investment.
The practice of counterfeiting notes is as old as the production of the notes themselves. With every change a government or institution made to its money, counterfeiters imitated it.
The most recent US Consumer price Index, CPI for short, printed 0.5% compared to the expected 0.3% and is o.4% higher than last months 0.1%1https://www.bls.gov/news.release/archives/cpi_02142018.htm.
Besides the CPI number, the Census bureau released a worse than expected Core retail Sales m/m number. This lower number, 0.0% is lower than the already lower revised number of December (0.1%). A decline indicates consumer demand is cooling.
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A recent news report from financial news site Caixin provides more clearance about the spreading rumors that the Chinese government is trying to crack down on miners.
It states that the People’s Bank of China (PBoC) did not hold an internal meeting on January 3, nor did they discuss a moratorium on Bitcoin mining.
The euro was able to end 2017 strongly. It won against all major currencies and gained 15% against the dollar this year. This rise resulted in a closing price of around 1.20 on Friday 29 December 2017.
China will make it easier for foreign investors to access the country, protect their rights and ensure a fair and transparent investment environment, Trade Minister Zhong Shan said in comments published on Sunday.
It’s been on the minds of fund managers and bankers alike, the new European regulatory guideline MiFID II, which is short for Markets In Financial Instruments Directive Level II, goes into effect as of January 2018.
It are rules that financial institutions across the European Economic area (of which 31 countries are part) must adhere to if they wish to sell investment products or provide advice to clients.
The euro is trading up 0.3% against the dollar at around $1.1930 against the US Dollar after rising as high as $1.1946 earlier on Thursday as the US Treasury yields fall helped the pair to overcome the trendline support in its crawl higher.
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