Currencies News

  On Sunday, Venezuelan President Nicolas Maduro announced the creation of a new cryptocurrency. Called the Petro, the new virtual currency will be backed by Venezuela’s oil, gas, gold and diamond reserves. The announcement has highlighted just how much US sanctions enacted this year have ...

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  For the first time in history, Bitcoin rose above $10,000 on CoinDesk’s Bitcoin Price Index. While Bitcoin’s rise this year has at times been triggered by specific events, such as its increasing popularity in both Japan and South Korea, it seems as if its recent surge above $10,000 ...

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  The digital currency of the Ethereum blockchain, Ether, made some significant gains over the Thanksgiving holiday. According to data from industry website CoinMarketCap, the cryptocurrency hit an all-time high of $425.55 on Thursday; breaking a previous record high of $414.76 achieved in ...

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  The Russian government recently announced that they will be making their own version of a crypto coin, called the CryptoRuble. After a closed door meeting with Russian President Vladimir Putin, Communications Minister Nikolay Nikiforov announced the news to the public. The minister has ...

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  Following a long series of debate within the bitcoin community over the cryptocurrency’s future, Bitcoin has split into two. The split doubled the holdings for investors who have held their bitcoin on an exchange, or in a wallet, that backed bitcoin cash before the split. The result, one ...

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  For the first time since its creation, the popular cryptocurrency bitcoin is now worth more than $2000 per coin. With that valuation, the total market cap of bitcoin is estimated to be around $32 billion. The virtual currency bitcoin was created back in 2009. Transactions do not require ...

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In Chinese, “renminbi” means the currency of the people. Yet for so long China’s currency has been an institution of state-run capitalism, serving vested interests under an investment driven growth model. The reforms that accompanied the yuan’s globalisation have helped transition China to a ...

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Editor’s note: The Federal Reserve’s policy-setting committee raised its target interest rate a quarter-point to a range of 0.5 percent to 0.75 percent, only the second such move in eight years. In the widely anticipated decision, the Fed signaled it anticipates raising rates another 0.75 ...

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No one was really surprised that the Fed raised its target interest rate by one-quarter of a percentage point today. Yet some people are really upset about it and worried this will slow down a fragile economic recovery. I would disagree with that view for several reasons. My biggest reason is ...

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Yellen Sends Dollar to Worst Month Since 2010 as Yen Advances
©2016 Bloomberg News Lucy Meakin and Chikako Mogi (Bloomberg) — The dollar headed for its worst month in 5 1/2 years after Federal Reserve Chair Janet Yellen doused speculation the U.S. central bank will pick up the pace of interest-rate increases. The yen strengthened. A gauge of the ...

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May 02, 2015 – China has again regained its appetite for commodities. Market data shows that ... Read More


May 02, 2015 – Crude oil prices have been steadily gaining ground in the international market. ... Read More


May 02, 2015 – After the recent announcement that Greece was weeks away from running out of ... Read More


May 02, 2015 – Gold prices had dipped 2.3% to lowest monthly close in April last month. Silver ... Read More