Canberra: The popularity of ‘Bitcoin’ among investors world over has prompted some main countries along with banks and some big financial institutions to make moves to start their own cryptocurrency. With this background, the largest ‘Gold Refinery’ in Australia, ‘Perth Mint’ has announced its own cryptocurrency. Richard Hayes, the chief executive of the ‘Perth Mint’ […]
Read More »New York : Famous economist Steve Chiavarone has stated “American central ‘Federal Reserve’ will not stop short of finishing Bitcoin”. Although bitcoin does not have a future, but the ‘blockchain’ technology which is the basis of this virtual currency may be used widely in days to come, said Chiavarone. The analysts had cautioned against it […]
Read More »Islamabad: Pakistan has initiated the use of the Chinese currency “Yuan” in its international trade transactions. This was officially announced by the Pakistani central bank “State Bank of Pakistan” and has allowed Pakistani companies and businessmen to use Yuan in their transactions. This decision of Pakistan is considered to be a retaliation to the warning […]
Read More »Washington: Dow-Jones, known to be one of the oldest stock exchange indices in the United States, showed a record increase reaching over 25000 point mark on Thursday. This rise in the index, based on the market performance of 30 leading American companies indicates the success of “Make American Great Again”, claimed President Donald Trump. Within […]
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Beijing: The European Commission accused China of being a “distorted state-run economy”. China has expressed its displeasure on the Commission’s accusation and has criticised EU’s stand in this regard to be hypocritical and baseless. It is believed that the series of accusations between China and Europe would further strain the trade relations between both countries. The European […]
Read More »New Delhi: Reserve bank of India last week, had issued a warning that Indians should stay away from investing in Bitcoin as the investment in the same is considered invalid. Through the medium of Bitcoin, possibility of tax evasion on a large scale is thought to occur. On the background of this, the Income Tax […]
Read More »Washington: “To what extent shall we be able to sustain the continuously increasing debt burden on the US economy, is a worrisome question which frequently pops up in my mind. America’s Debt to GDP ratio of 75%, may not be a reason for scare, but it is certainly a cause of concern serious enough to […]
Read More »Berlin: Just as the cryptocurrency, Bitcoin, took a record leap to cross $10,000, investor and analyst Michael Novogratz predicts it to reach $40,000 by the end of next year. While hinting Bitcoin to be an economic bubble a couple of months ago, Novogratz had indicated Bitcoin value to hit $10000. On this background, his new […]
Read More »Washington: In the last two days, the currency ‘Bitcoin’ has taken a record leap by crossing the $ 9,000 mark. Bitcoin’s value has risen by 10 % in the last 24 hours, and on Sunday it reached $ 9,017.42. It has been revealed that the components like ‘Thanks Giving‘ of the United States and ‘Black Friday […]
Read More »New Delhi: The Central government that had taken the decision to demonetize 1000 and 500 rupees currency notes last year, is all set to take an another important decision to encourage digital transactions. Pravin Khandelwal, secretary general of Confederation of all India Traders (CAIT), has expressed the possibility of central government announcing its decision to withdraw […]
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