Bitcoin exchange Coinbase briefly flew to the top spot on Apple’s U.S. app store after the cryptocurrency skyrocketed in price Thursday. The red hot digital currency surged to a record $19,000 on the online broker’s site, before dipping 15 percent to $16,025 at about 4 a.m. ET Friday. Coinbase was ranked the most popular app […]
Read moreBitcoin investors could learn a valuable lesson from the Dutch tulip bulb mania of the 1630s, according to a global banking regulator. When asked whether cryptocurrencies, such as bitcoin, had ignited any financial stability concerns, Stefan Ingves, chairman of global regulators at the Basel Committee and governor of Sweden’s Riksbank, told CNBC: “I think it’s […]
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Sterling swings erratically after Brexit deal — here's what you need to know
Currency markets in Europe fluctuated on Friday morning after the U.K. made “sufficient progress” in its Brexit negotiations, with experts split on where sterling could trade in the coming months. Sterling initially dipped on the Brexit announcement made from Brussels after jumping to 1.3514 against the dollar just prior to the announcement by European Commission […]
Read moreU.K. and European negotiators finally agreed on three key issues that were blocking Brexit talks, paving the way for the next phase of discussion between the two sides. “We have now made the breakthrough we needed,” European Commission President Jean-Claude Juncker told reporters in Brussels on Friday morning. After six months of intense talks, a […]
Read moreBitcoin‘s meteoric rise is reminiscent of how Skype started out, a former executive at the online phone and messaging service has said. “We’re seeing this tremendous interest from the rest of the world which is, for normal people, beginning to get terribly interesting,” Michael Jackson, Skype’s former chief operating officer, told CNBC during a phone […]
Read morePresident Donald Trump has signaled his intention to tighten immigration policies, but that has not stopped Chinese students from enrolling in the University of California, an executive from the university said Friday. In 2016, nearly 20,000 students from China enrolled in the university, almost 10 times more than 2000, said Christine Gulbranson, senior vice president […]
Read moreChina could take the lead in the self-driving car market because of its ability to make regulatory decisions relatively quickly, according to an investment advisory firm. Driver-less technology is one of several sources of disruption that traditional automakers are facing today. While many U.S. start-ups and large companies have been extensively working on this new […]
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European shares seen mostly higher as Brexit talks reach crucial stage
European markets are expected to open mostly higher on Friday morning, as investors turn their attention to Brussels, where news surrounding Brexit negotiations are due to be announced. On the bourses front, the U.K.’s FTSE 100 is expected to open 9 points lower at 7,311, however the German DAX is set to open 69 points […]
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After nearly a decade of economic crisis, Greece has stopped dreaming
Following nearly 10 years of economic recession, the future of the Greek economy has finally started to brighten up. The Greek people, however, have stopped dreaming about their own future. Greece has seen economic growth consecutively in the last three quarters and is set to reach 1.6 percent of growth this year, according to forecasts […]
Read moreBitcoin dropped to as low as $14,566.81 Friday just after 1:30 p.m. SIN/HK, according to industry site CoinDesk. That was a nearly 14 percent decline from earlier high’s on the day of $17,153.94, according to the site which averages prices from major exchanges. In fact, bitcoin had actually rocketed above $19,000 on Thursday on the […]
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