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Bitcoin jumps $1,000 after recommendation for G20 to ditch regulation

Bitcoin jumps $1,000 after recommendation for G20 to ditch regulation An international group of central bank regulators and government ministers has told the G20 countries that bitcoin poses no threat to global financial stability, sending the cryptocurrency market higher. The Financial Stability Board’s chairman, Mark Carney, who also heads the Bank of England, has sent […]

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Spain wants in on Russia’s high-speed railway project

Spain wants in on Russia’s high-speed railway project The ambitious Moscow-Kazan high-speed railway project has attracted interest from Madrid, according to the Russian Ministry of Transport. The track is a joint project between Russia and China. “State Secretary for Transport, Infrastructure and Residential Housing of Spain Julio Gomez-Pomar informed Russian Deputy Minister of Transport Alan […]

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Outlook for UK financial services brightens, assets set to reach £1.5 trillion by 2020, EY finds

Outlook for UK financial services brightens, assets set to reach £1.5 trillion by 2020, EY finds A well-managed Brexit and stronger than expected economic performance will boost the financial services sector in the year ahead, according to an analysis from EY Item Club. The outlook for the UK financial services sector is better than many […]

Breaking News Business Finance

US business inventories continue to rise as sales post largest drop in over a year

US business inventories continue to rise as sales post largest drop in over a year U.S. business inventories increased solidly in January. Sales recorded the biggest drop in 1½ years. U.S. business inventories increased solidly in January as sales recorded their biggest drop in 1½ years. The Commerce Department said on Wednesday that business inventories […]

Bitcoin Breaking News Finance

Bad news for bitcoin miners: It’s no longer profitable to create the cryptocurrency, by one estimate

Bad news for bitcoin miners: It’s no longer profitable to create the cryptocurrency, by one estimate “Bitcoin currently trades essentially at the break-even cost of mining a bitcoin,” Fundstrat’s Thomas Lee said in a report Thursday. “In some cases the miners may simply turn off the machines until the price comes back a bit,” said […]

Bitcoin Breaking News Finance

The big winners in initial coin offerings are lawyers, Ripple CEO says

The big winners in initial coin offerings are lawyers, Ripple CEO says Ripple CEO Brad Garlinghouse said he has indicated to some entrepreneurs looking to issue tokens that they should “save some of those proceeds.” That was because they could potentially be sued if their tokens lost money, Garlinghouse said. Initial coin offerings are used […]

Bitcoin Price
Bitcoin Breaking News

US Federal Reserve Has No Plans to Introduce Digital Currencies, Says San Francisco Fed President

US Federal Reserve Has No Plans to Introduce Digital Currencies, Says San Francisco Fed President San Francisco Federal Reserve (Fed) President John Williams has claimed that there is no official plan by the Fed to issue a digital currency anytime soon. However, he did announce an ongoing study on the possibility of doing so in […]

Breaking News Economic Collapse Financial Crisis

The next recession will probably start much like the last one

The US economic expansion is nearing its eighth anniversary, prompting some investors to worry the recovery could be running long in the tooth. So what will trigger the next recession? It’s become a new Wall Street adage that economic recoveries don’t usually die of old age. Rather, they are often the result of an active […]

Jim Rogers Smells a Bitcoin Bubble
Bitcoin Breaking News Finance Jim Rogers

Jim Rogers Smells a Bitcoin Bubble – Bitcoin Can be Collapse

Jim Rogers, the famous investor guru and founder of the Rogers International Commodity Index (RICI) has expressed his opinion that Bitcoin “looks and smells” like a bubble. His investment advice includes bullish outlooks on any number of investment fields but is bearish on Swiss Francs and Bitcoin. Rogers, now 75, does say that he’s missed […]