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Goldmansachs-bitcoin-012318.jpg Global investment giant Goldman Sachs has warned its high networth clients that Bitcoin's price surge has pushed the virtual currency it into the bubble territory, that dwarfs the past bubbles in dot-com companies and tulip bulbs. Still worse, the price rise in Ether, the second largest cryptocurrency in market cap, dwarfs even Bitcoin's jump, the bank added in a client note.

UKb-Budgetdeficit-012318.jpg The UK budget deficit was the smallest for the month of December in 17 years on credit from the EU and higher value-added tax. Public sector net borrowing excluding banks decreased by GBP 2.5 billion from the previous year to GBP 2.6 billion, which was the lowest December net borrowing since 2000, data from the Office for National Statistics showed Tuesday.

southkorea-cryptos-012318.jpg South Korean banks are set to issue new real-name accounts for cryptocurrency transactions next week, when a ban on virtual accounts would be implemented. Six South Korean banks will introduce a system of verifying crytpocurrency investors' identification next Tuesday, January 30, domestic news agency Yonhap reported, citing Kim Yong-beom, vice chairman of the Financial Services Commission.

GermanInvestorConfidence-012318.jpg Germany's economic confidence improved to an eight-month high and the assessment of current situation hit a record in January, indicating an optimistic outlook for the economy in the first half of the year. The ZEW Indicator of Economic Sentiment rose three points to 20.4 in January, survey results from the Mannheim-based think tank ZEW showed Tuesday.

cryptocurrencies-012318.jpg South Korean banks have initiated measures to comply with the new government regulation that require real name accounts for cryptocurrency transactions. Yet another Wall Street giant has warned of a bubble waiting to burst in the cryptocurrency space, again likening the trend in the market to the Dutch 'Tulipmania' and the 'dotcom' bubble.

PhilippineGDP-012318.jpg The Philippine economy expanded at a robust pace in 2017 to remain among one of the fastest growing economies in Asia. Gross domestic product advanced 6.7 percent in the whole year of 2017, the Philippine Statistics Authority showed Tuesday. However, the pace of growth slowed from 6.9 percent posted in 2016.

USD-JPY-15M-012318.jpg The Japanese yen climbed against its major opponents in the Asian session on Tuesday, erasing early losses, after the Bank of Japan kept its monetary stimulus unchanged and offered a positive view on inflation, changing its evaluation on prices to "stable" from "weak." Governor Haruhiko Kuroda and...

Europeanecopreview-012318.jpg Economic confidence from Germany and public finance from the UK are due on Tuesday, headlining a light day for the European economic news.

BOJ-012318.jpg The Bank of Japan maintained its aggressive monetary easing, as widely expected, and left its assessment of inflation and growth unchanged. Governor Haruhiko Kuroda and his board members decided by an 8-1 majority vote to hold its target of raising the amount of outstanding JGB holdings at an annual pace of about JPY 80 trillion, the bank said in a statement on Tuesday.

Eur-usd3-012218.jpg The dollar is turning in a mixed performance against its major rivals Monday afternoon. The buck is up slightly against the Japanese Yen, but is down against the Euro and the British pound. The lack of U.S. economic data is keeping some investors on the sidelines at the start of the new trading week....

cryptocurrency3-012218.jpg Here is a wrap up of the main cryptocurrency news from across the globe over the past few hours:"Bitcoin Price Could Loose 90% Of Value"; Weiss Ratings To Grade Cryptocurrencies;Cryptocurrency Mining Protection On Mobile Browsers; North Korea Hacked S Korean Crypto Exchanges, and more....

Southkorea-crypto-012218.jpg Banks in South Korea will require cryptocurrency exchanges to share users' transaction data with banks, reports said. Banks are expected to introduce the system late this month or early next month, the Investor quoted an official at financial authorities as saying. Banks in the country, where cryptocurrency is rising in popularity, do not offer virtual accounts to customers to do cryptocurrency

Northkorea-hacking-012218.jpg An American cybersecurity firm has reported that South Korean cryptocurrency exchanges and users lost money in late 2017 as a result of North Korea's state-sponsored hacking. The firm Recorded Future said in a report that North Korea-backed hacking group Lazarus Group carried out the spear phishing campaign against both cryptocurrency users and exchanges, as well as South Korean college students

cryptocurrencies-012218.jpg Weiss Ratings, an independent rating agency of financial institutions, said it will issue letter grades on cryptocurrencies, including Bitcoin. The rating is set to be released on January 24. The ratings would be based on a model that analyzes thousands of data points on each coin's technology, usage, and trading patterns, the agency said.

EUR-USD4-011918.jpg The dollar is turning in a mixed performance against its major rivals Friday afternoon. After a weak start to the session, the buck has since pared its losses and is now little changed overall. Economic data was on the light side at the end of the trading week. The focus among investors remains on Washington...

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