Archive

Ukraine to Block Crypto Wallets Used for Illegal Assets

  The spread of coronavirus across the globe has forced investors and speculators to run for cover and cryptocurrencies, in addition to traditional safe-haven assets, are turning out to be one of the options to protect wealth. Bitcoin (BTC) has

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Swiss Franc Strengthens on Coronavirus Risk-Off Mode

  The euro dollar continues to decline against the Swiss franc after Germany’s Ifo institute reported an unexpected decline in the business sentiment index. The downtrend was also aided by the market’s switch over to risk-off mode due to increasing

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American Express Beats Q4 EPS Estimates, Revenue In-Line

  American Express Co (NYSE: AXP) reported its fiscal 2019 fourth-quarter profit that declined from last year. However, the financial institution’s quarterly results surpassed analyst anticipations, primarily due to an increase in card fees. Following the impressive results, the stock

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P&G Beats Q2 Estimates, Upwardly Revises FY20 View

  Procter & Gamble Co (NYSE: PG) posted fiscal 2020 second-quarter profits that rose from the previous year and surpassed analysts’ estimates. The company also upwardly revised its fiscal 2020 outlook. However, quarterly revenues fell below the Street estimates for

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South Korea’s Q4 GDP Growth Beats Estimates

  The US dollar lost ground against the Korean won after the Bank of Korea, the central bank of the Republic of Korea, stated that the country’s gross domestic product rose by a seasonally adjusted 1.2% in the fourth quarter

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Turkey to Use Blockchain for Delivering Public Services

  The cryptocurrency market remains range bound with slight bearish bias. Bitcoin (BTC) continues to move around 8,600 levels. Bitcoin (BTC), at the time of writing this article, is trading at $8,580, down 1.3% in the past 24 hours. Likewise,

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BoA Estimates Boeing 737 MAX Crisis Could Hit $20bln.

  The shares Boeing (NYSE: BA) came under selling pressure after Ron Epstein, aerospace analyst at Bank of America Merrill Lynch, estimated that the cost of grounding the 737 MAX, its best-selling aircraft, could reach $20 billion. The stock closed

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China Leaves Benchmark Lending Rate Unchanged

  As anticipated, the People’s Bank of China (PBoC) left the benchmark lending rates unchanged for the second successive month. The prime rate for a one-year loan was maintained at 4.15% and the prime rate for five-year loans at 4.80%.

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52% of Illegal BTC Transacted via Binance and Huobi in 2019

  The cryptocurrency market continues to remain slightly bullish with Bitcoin (BTC) trying to gather momentum and break above the crucial $10,000 level. At the time of writing this article Bitcoin was trading at $8,646, reflecting a small gain of

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Oil Field Service Provider Schlumberger Beats Q4 Estimates

  International oil field services company Schlumberger Ltd. (NYSE: SLB) published fiscal 2019 fourth-quarter profit that declined from the corresponding quarter last year. In other related news, the company’s CFO Simon Ayat has announced his plan to step down this

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