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Bitcoin, Its Peers Exhibit ‘Classic Hallmarks Of Bubbles,’ BoE’s Carney Warns

Cryptocurrencies are failing as currencies as they are proving to be poor short-term stores of value with many of them showing signs of bubbles and the time has come to regulate them like the rest of the financial system, Bank Read More →

Tax Exemption In Germany For Payments In Cryptocurrency

Using cryptocurrency as a mode of payment will be exempted from tax in Germany, the Ministry of Finance has said. The Ministry issued a guidance regarding this, citing a 2015 European Union Court of Justice ruling on value added taxes Read More →

South Korea Industrial Production Climbs 1.0% In January

Industrial output in South Korea advanced a seasonally adjusted 1.0 percent on month in January, Statistics Korea said on Friday.Original Article Read More →

Markets await Powell’s testimony; USD eases

The USD’s struggle to take on 90 levels on the US Dollar Index continues. This morning we continue to see a softer USD ahead of Fed Chairman Powell’s first testimony to congress. Traders will screen through his talk for clues Read More →

U.S. Pending Home Sales Unexpectedly Slump 4.7% In January

Pending home sales in the U.S. unexpectedly showed a steep drop in the month of January, the National Association of Realtors revealed in a report on Wednesday. NAR said its pending home sales index tumbled by 4.7 percent to 104.6 Read More →

Dollar boosted by Powell’s comments; more rate hikes expected

US stocks sell off after Fed chief Powell signals more rate hikes in order to tame inflation. Yesterday in First address to to US Congress Fed Chairman Jerome Powell gave out more details on the Fed’s expectations for economic growth Read More →

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