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Moneygram-Ripple-011218.jpg US money transfer giant MoneyGram struck a deal with the blockchain-based payment settlement company Ripple to pilot the latter's native currency XRP in MoneyGram payment flows. The price of XRP, popularly known as Ripple, surged as much as 15 percent on the news on Thursday, when most major currencies were down due to fears of a severe crackdown by South Korean authorities.

Southkorea-Bitcoinban-011218.jpg South Korea's finance minister on Friday sought to calm the cryptocurrency market after an announcement a day ago that the country's justice ministry was planning a ban on crypto exchanges, sending prices of digital currencies such as Bitcoin sharply lower.

cryptocurrencies-011118.jpg Bitcoin price plummeted as much as 14 percent as South Korean justice ministry is planning laws to ban trading in cryptocurrencies. Adding to the gloom, billionaire investor Warren Buffett warns that cryptocurrencies are set to have a bad ending.

ProducerpriceIndx-US-011118.jpg A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in producer prices in the month of December. The Labor Department said its producer price index for final demand edged down by 0.1 percent in December.

Bitcoin-Banned-011118.jpg Runaway trends in the price of cryptocurrencies have brought them under the regulators' scanner in several countries, clouding the outlook for what was touted as the next big thing after Internet. South Korea and China, which are among the most active markets for cryptocurrencies, are leading the list of countries that are initiating crackdown measures.

WeeklyJoblessclaims-US-011118.jpg For the second consecutive week, the Labor Department released a report on Thursday showing an unexpected increase in first-time claims for U.S. unemployment benefits. The report said initial jobless claims climbed to 261,000 in the week ended January 6th.

A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in producer prices in the month of December.

For the second consecutive week, the Labor Department released a report on Thursday showing an unexpected increase in first-time claims for U.S. unemployment benefits.

WarrenBufett-Cryptocurrency-011118.jpg Billionaire investor Warren Buffett has warned that cryptocurrencies are set to have a bad ending and he would not bet any money on them. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," Buffett, who is the chairman and CEO of Berkshire Hathaway, said in an interview to CNBC.

wholesaleInventories-011018.jpg Wholesale 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 Wednesday. The Commerce Department said wholesale inventories climbed by 0.8 percent in November.

Import-Export-US-011018.jpg With a drop in prices for non-fuel imports partly offsetting a jump in prices for fuel imports, the Labor Department released a report on Wednesday showing U.S. import prices rose by much less than expected in the month of December. The Labor Department said import prices inched up by 0.1 percent.

With a drop in prices for non-fuel imports partly offsetting a jump in prices for fuel imports, the Labor Department released a report on Wednesday showing U.S. import prices rose by much less than expected in the month of December.

WorldBank-GlobalEconomicProspects-011018.jpg The World Bank raised its global growth projections, saying 2018 is on track for the first time since the financial crisis to operate at or near full capacity. The global economy is forecast to grow 3.1 percent this year instead of 2.9 percent projected in June, the bank said its Global Economic Prospects, released Wednesday.

Cryptocurrencies-010918.jpg Cryptocurrency prices and market capitalization was hurt on Monday after news that South Korean regulators were probing six retail banks that were providing virtual accounts to virtual currency exchanges. The consequent move by leading cryptomarket data provider CoinMarketCap to remove some Korean exchanges...

JamieDimon-Bitcoin-010918.jpg JP Morgan Chase Chairman and CEO Jamie Dimon has backtracked on his earlier comment that Bitcoin is a fraud. During a banking conference in Saudi Arabia in September, Dimon had caused a stir when he called Bitcoin a fraud and said he would fire any JP Morgan trader if they dealt with the most prominent cryptocurrency.

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