Australian ‘Perth Mint’ announces gold-based ‘Cryptocurrency’

Australian ‘Perth Mint’ announces gold-based ‘Cryptocurrency’

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’ […]

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US ‘Federal reserve’ will finish Bitcoin, indicates famous economist Steve Chiavarone

US ‘Federal reserve’ will finish Bitcoin, indicates famous economist Steve Chiavarone

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 […]

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Pakistan introduces use of “Yuan” in its trade transactions

Pakistan introduces use of “Yuan” in its trade transactions

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 […]

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American Dow-Jones index shows record rise reaching over 25000 points

American Dow-Jones index shows record rise reaching over 25000 points

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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China slams EU over its report, says calling it a ‘distorted state-run economy’ is hypocritical

China slams EU over its report, says calling it a ‘distorted state-run economy’ is  hypocritical

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 […]

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Bitcoin to reach $40,000 by the end of 2018, predicts Investor and analyst Michael Novogratz

Bitcoin to reach $40,000 by the end of 2018, predicts Investor and analyst Michael Novogratz

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 […]

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Bitcoin surges to $9000

Bitcoin surges to $9000

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 […]

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Government may possibly ban cheque book to boost digital transactions

Government may possibly ban cheque book  to boost digital transactions

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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