logo

US Economic News

Share

taiwan-bitcoinregulations-042018.jpg The government of Taiwan will introduce regulations on the country's bitcoin market under anti-money laundering (AML) rules by November. A legal framework to control cryptocurrencies will be finalized before the visit of the Asia Pacific Group on Money Laundering in November, Taiwan Central News Agency quoted the country's justice minister Chiu Tai-san as saying at an anti-money laundering event

europeanunion-bitcoin-terrorism-042018.jpg The European Parliament has passed with overwhelming majority a proposal by the European Council to introduce strict regulation for virtual currencies, like Bitcoin, to prevent them being used for money laundering and terrorism financing. The EU Parliament had reached an agreement with the European Council in December to bring cryptocurrencies under "closer regulation." The MEPs supported the de

shill-042018.jpg Often one comes across the term "SHILL" in crypto forums. To SHILL a coin or SHILLING means to promote it by providing misinformation with the hope of boosting the price. Usually this is done by someone who holds the coin and wants its price to appreciate.

ico-moneyraising-041918.jpg An unprecedented hike in fundraising via Initial Coin Offerings (ICOs) has been reported in the first quarter of 2018 than what was recorded in the previous year. The total ICO funding for last year was $5.5 billion, while in the first quarter of 2018 itself global ICOs raised $6.3 billion, which is 118 percent of the 2017 total, according to data collected by CoinDesk. However, a corresponding

leading-indicator-index-041918.jpg A report released by the Conference Board on Thursday showed its index of leading U.S. economic indicators increased in line with economist estimates in the month of March. The Conference Board said its leading economic index rose by 0.3 percent.

philadelphiafedmanufacturing-041918.jpg Philadelphia-area manufacturing activity unexpectedly saw a modestly faster rate of growth in the month of April, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity inched up to 23.2 in April.

joblessclaims-us-041918.jpg A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended April 14th. The report said initial jobless claims edged down to 232,000.

Philadelphia-area manufacturing activity unexpectedly saw a modestly faster rate of growth in the month of April, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.

A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended April 14th.

bitcoins-whale3-041918.jpg Bitcoin's price dropped nearly $200 in less than 30 minutes on Tuesday and many suspected a WHALE was behind this sharp fall. A WHALE in the crypto world is someone or a single wallet/account holding a huge amount, hundreds and thousands, of Bitcoins.

The International Monetary Fund said the short-term financial stability risks have increased somewhat against the backdrop of slightly tighter financial conditions. In the Global Financial Stability Report, the lender said the medium-term risks are still elevated as financial vulnerabilities, which...

Business owners are getting nervous about a possible trade war with China, according to the Federal Reserve's Beige Book. "Outlooks remained positive, but contacts in various sectors including manufacturing, agriculture, and transportation expressed concern about the newly imposed and/or proposed...

icicibank-blockchainplatform-041818.jpg India's private sector banking giant ICICI has announced that more than 250 corporates have joined its blockchain trade finance initiative. This is the highest number of participants on any blockchain platform for domestic and international trade finance in the country, ICICI claimed. Leading Indian corporates, including "S&P BSE 100 Index" companies, are now undertaking domestic and internatio

rbi-cryptocurrency-041818.jpg An Indian startup company that was planning to launch a crypto exchange has filed a complaint challenging the central bank's ban on the country's commercial banks providing services to investors in digital currencies. Ahmedabad-based Kali Digital Ecosystems Pvt. Ltd. filed a writ petition in the High Court of the Indian capital Delhi against the Reserve Bank of India (RBI), the Ministry of Finance

hodl2-cryptos-041818.jpg A space to explain the crypto world jargon, a word a day. And HODL is the word for today. One of the most common slang terms in the crypto sphere, HODL means to hold or remain invested in Bitcoin or any particular cryptocurrency, rather than sell it, amid falling prices.

Follow RTT