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The Bank of Canada on Wednesday raised its key interest rate by 0.25 basis points to 1.25%, as expected. However, the BoC sounded its deepening concerns that a breakdown in trade relations with the U.S. and Mexico could de-rail the Canadian economy. "Recent data have been strong, inflation is...

cryptocurrencies2-011718.jpg The bloodbath in the cryptocurrency market extended into Wednesday with severe declines in both prices and market capitalization. Going with the flow, the BitConnect coin tanked more than 90 percent as the company said it's shutting down its platform and cryptocurrency exchange. Amid all the gloom, two...

blockchain-markets-011718.jpg The investing world will be presented with two new products on Wednesday that try to cash in on the blockchain technology that underlies Bitcoin. Reality Shares Inc. and Amplify Investments LLC are launching their Exchange-Traded Funds, or ETFs, focused on investing in companies that lead in the research...

BoonePickens-Bitcoin-011718.jpg American oil tycoon and financier T. Boone Pickens is not at all enthusiastic about cryptocurrencies. The reason is the term itself. "At 89, anything with the word "crypt" in it is a real turnoff for me," the 89-year old famed Texas corporate raider said on Tuesday, in a reply to a question on his Twitter account.

The world is entering a critical period of intensified risk in 2018, the World Economic Forum said in the Global Risks Report 2018, published on Wednesday. According to the annual report, structural and interconnected nature of risks in 2018 threaten the very system on which societies, economies...

cryptocurrency-down-011718.jpg Bitcoin and other major cryptocurrencies extended their sharp fall from Tuesday into Wednesday morning on prevailing concerns of South Korea and China, the two leading crypto markets, planning severe crackdown on the digital currency market. As of 2.03 am ET on Wednesday, the largest cryptocurrency...

Growth in activity in the New York manufacturing sector slowed in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday.

Telegram-ICO-011618.jpg Private messaging app Telegram is planning a $1.2-billion Initial Coin Offering or ICO. The messaging app, with more than one hundred and seventy million monthly users, a

The unemployment rate in the Organization for Economic Cooperation and Development area remained stable in November, data showed Tuesday. The OECD said the jobless rate came in at 5.6 percent in November, the same rate as seen in October. The jobless rate among youth aged below 24 increased to...

cryptocurrencies1-011518.jpg South Korean authorities have slightly eased their stance against cryptocurrencies as recent comments from the government suggested that a proposed ban on digital currency exchanges is not likely in the near future. The Singapore central bank chief was positive regarding the future for blockchain, but...

BankIndonesia-cryptocurrency-011518.jpg Indonesia's central bank issued a warning against cryptocurrencies on Saturday, saying they were highly risky, and joining its counterparts in other countries in raising concern over the excessive price surge in the unregulated digital currency market.

RaviMenon-Bitcoin-011518.jpg Ravi Menon, who is the chief of the Singapore's de facto central bank, expressed hope on Monday that technologies underpinning cryptocurrencies and the blockchain would survive a crash in the former, news agency Reuters reported.

BusinessInventories-011218.jpg Business inventories in the U.S. increased by slightly more than anticipated in the month of November, according to a report released by the Commerce Department on Friday. The report said business inventories climbed by 0.4 percent in November.

cryptocurrencies-011218.jpg Cryptocurrency prices have rebounded after the fears of a severe crackdown by South Korean authorities waned as comment's from the country's finance minister suggested that the proposal to ban digital currency exchanges need more consultations and would take lot of time to materialize. Meanwhile, a deal between the blockchain-based payment processing network Ripple and MoneyGram propped up XRP.

CPI-US-011218.jpg Reflecting a sharp pullback in energy prices, the Labor Department released a report on Friday showing U.S. consumer prices rose by less than expected in the month of December. The Labor Department said its consumer price index inched up by 0.1 percent in December after climbing by 0.4 in November.

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