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The Leading Cryptocurrency Stories for 23rd May 2018

The cryptocurrency market remains range bound since the beginning of this week. The market really needs a big news for large players to enter again. The cryptocurrency community, however, is hopeful of a big breakout in early June as many

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GE Transportation To Merge With Wabtec In $11.1bn Deal

  Yesterday, General Electric Company (NYSE: GE) announced a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp, an equipment manufacturer for the rail industry, in a deal worth $11.1 billion. In addition to the $2.9

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Possibility Of Anti-EU Gov. In Italy Turns Euro Bearish

  After recording the fastest growth rate of 2.5% in a decade, the Euro zone economy continues to show improvement. The ECB is expected to start winding up its asset purchase program later this year. An interest rate hike is

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The Leading Cryptocurrency Stories for 21st May 2018

The cryptocurrency market remained mostly in red last week. However, numerous blockchain projects were initiated by governments across the world. As usual, large private companies made big announcements related to blockchain technology.  The notable one is that of HTC, which

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Transition To Subscription Based Model Keeps Cisco Weak

  Networking hardware manufacturer Cisco Systems, Inc. (Nasdaq: CSCO) reported a better-than-expected fiscal 2018 third-quarter results after market closed on Wednesday. However, the Services segment revenue grew lower-than-anticipated by analysts in the recent quarter. At the time of writing this

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Yen Turns Weak As Japanese Economy Contracts In 1Q18

  The GBPJPY pair has been range bound between 147.50 and 149.50 in May. The weakness seen in the construction sector and Brexit related issues has been keeping the Pound weaker. Likewise, the yen has turned weak due to an

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The Leading Cryptocurrency Stories for 16th May 2018

Sheena Shah, an analyst at Morgan Stanley, and her team studied the probable central bank use of cryptocurrencies. In their report, the analysts mentioned that cryptocurrencies backed by the government could be used to implement deeper negative interest rates in

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Walmart Down On Acquiring India’s Flipkart For $16 Billion

  Retail giant Walmart Inc. (NYSE: WMT) acquired a 77% stake in India’s ecommerce firm Flipkart for a sum of $16 billion. Reports have emerged that Walmart is planning to invest an additional $3 billion, raising its stake to 85%.

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Upbeat Manufacturing Index Data Strengthens Kiwi Dollar

  The NZDJPY pair declined last week after the Reserve Bank of New Zealand’s Governor Adrian Orr maintained the official cash rate (OCR) at 1.75% and stated that there will be no change in the interest rates for the foreseeable

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The Leading Cryptocurrency Stories for 14th May 2018

After remaining buoyant for nearly three weeks, the cryptocurrency market went in for correction on Friday. However, blockchain technology continues to gain traction in the mainstream economy. Deloitte, one of the ‘Big Four’ accounting and consulting firms, (in partnership with

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