Tag Archives: Money

13Nov/17

Think bitcoin’s getting expensive? Try Zimbabwe

With Zimbabwe under threat of cash shortages and hyperinflation, some are turning to highly-volatile cryptocurrencies like bitcoin as a safer haven for their money. Matthew Larotonda reports. Continue reading

30Oct/17

Siberian entrepreneurs mine bitcoins to heat private house

IRKUTSK, RUSSIA (REUTERS) – Cheap energy prices and a long winter season could make the Russian Siberian town of Irkutsk an ideal spot for eco-friendly bitcoin mining.
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24Oct/17

Swell by Ripple Brings the Future to Toronto

Last week, Ripple hosted Swell in Toronto which provided a forum for leaders in banking and blockchain to meet, network and hear from the likes of Dr. Ben Bernanke and Sir Tim Berners Lee. In case you missed the livestream, recorded sessions can be viewed here.

23Oct/17

Big money stays away from booming bitcoin

Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion. But as Kate King reports, mainstream institutional investors are steering clear, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in. Continue reading

19Oct/17

30 years since Black Monday and U.S. stocks are at a record high, sparking fears of another crisis

(REUTERS) – On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.
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10Oct/17
Russian President Vladimir Putin

Russia turns cold on crypto-currencies

SOCHI, RUSSIA (OCTOBER 10, 2017) (RUSSIAN PRESIDENTIAL PRESS SERVICE) – President Vladimir Putin said on Tuesday (October 10) crypto-currencies were risky and used for crime, as Russia’s central bank said it would block websites selling bitcoin and its rivals – a change of tone from a month-old promise to legalise the market. Continue reading

08Oct/17

Kenyan debtors struggle to hold on to assets as repossessions rise

Kenyan borrowers struggle to hang onto their assets as auctions heat up. A severe drought earlier this year, a slowdown in bank lending, and a prolonged period of political uncertainty are creating a growing pool of distressed borrowers whose assets are being seized by newly aggressive lenders in the east African powerhouse.
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28Sep/17

Chinese university students’ spiralling, sometimes deadly debts

Tales of indebted students being driven to suicide have become commonplace in China in recent years, sparking public outrage. Samantha Vadas reports. Continue reading

15Sep/17

China’s Bitcoin trading platform BTCChina to stop trading

China Central Television (CCTV)- One of the largest Bitcoin trading platforms in China, BTCChina, announced on Thursday that it will stop all trading from September 30. Continue reading

08Sep/17

Equifax data breach exposes personal data of 143 million U.S. consumers

Nearly half of the United States has been impacted by a massive cyber security incident at one of the three largest credit agencies in the country. Continue reading