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News, opinion and guides.

Cryptocurrency Mining Farm

Rumours about crackdown on bitcoin miners are slowly clearing

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.

euro coins and bank notes

Euro ends 2017 on high note

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.

Minister Zhong Shan

China trade minister pledges easier market access for foreign investors

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.

MiFID II

Mifid II Goes in effect next week

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 […]

Euro heads into 2018 at one month highs

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.

Ddollars

Dollar slips to 4-week low

The dollar slipped to a four-week low against a basket of currencies on Thursday, kept under pressure by a recent dip in U.S. 10-year bond yields, while volatile bitcoin came under renewed pressure after a 30 percent fall in less than two weeks.