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Tag Archives: #bitcoin

Americas roundup: Dollar edges higher on strong U.S. data, tax bill progress, Wall street ends lower, Gold extends losses, Oil drops for third day, awaiting OPEC decision-november 30th 2017

Americas roundup: Dollar edges higher on strong U.S. data, tax bill progress, Wall street ends lower, Gold extends losses, Oil drops for third day, awaiting OPEC decision-november 30th 2017   Market Roundup   • US Q3 GDP 2nd Estimate, 3.3%, 3.2% forecast, 3.0% previous. • US Q3 GDP Sales Prelim, …

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Looks like the stress is easing

Trump back in America., stock sell-off eases in Asia, and Australia jobs data on tap. Here are some of the things people in markets are talking about. Trump Back Stateside (Bloomberg)-President Trump arrived back in the U.S. after his marathon tour of Asia, and it wasn’t long before he was on Twitter discussing his trip. In an afternoon speech from Washington, …

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MACRO VIEW COLUMNS: Bitcoin’s Quasi-Religious Status May Have Real Value

(Bloomberg) — It may be ill-advised to fight the bitcoin rally, even if conventional asset-price metrics suggest the cryptocurrency has little or no inherent value. The “bubble” may not last forever but it can potentially sustain for many years due to the strength of its cult. The most compelling bullish argument …

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MACRO VIEW COLUMNS: Bitcoin’s Power Needs Are Unbelievable and Uneconomic: Macro Man

(Bloomberg) — Are you a cranky skeptic of crypto-currencies and tired of adherents promising that Bitcoin can do everything from protecting your privacy to curing the common cold? Are you dubious that it’s as scalable as its prophets claim? Perhaps in this case, the Luddites are correct. A look at …

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Dubai Set to Achieve Goal of Becoming First Blockchain Government by 2020, by Rebecca Campbell

Dubai is quickly achieving its goal of becoming the world’s first blockchain-powered government to utilize the technology for all transactions by 2020. Speaking at the recently held CIOMajlis (Chief Information Officer’s) session on ‘Blockchain Technology,’ Ahmad Al Mulla, chairman of CIOMajlis, said: Dubai is a frontrunner in adopting the latest technology and …

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