tag:blogger.com,1999:blog-68515053207573458822024-03-13T07:44:28.764-07:00Latest News ZaveriBloger21http://www.blogger.com/profile/16169198678702320779noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6851505320757345882.post-64854731980159876532018-03-18T12:22:00.000-07:002018-09-09T02:53:34.614-07:00Dollar Latest News<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #333333; font-family: "arial black" , "sans-serif";">Dollar rises on data, yen gains on US political uncertainty</span></div>
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<li> <span style="font-size: large;"> Yen hits highest level since early March</span></li>
<li><span style="font-size: large;"> Focus turning to Fed meeting next week</span></li>
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<span style="font-size: small; font-weight: normal;"><span style="font-family: "gotham narrow ssm 4r" , "serif";">The dollar rose
against most currencies on Friday, bolstered by solid U.S. economic data that
further supported consensus expectations that the Federal Reserve will raise
interest rates at next week's monetary policy meeting.<u1:p></u1:p></span><span style="line-height: 107%;"><o:p></o:p></span></span></div>
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<span style="font-size: small; font-weight: normal;"><span style="font-family: "gotham narrow ssm 4r" , "serif";">"The gains
in the dollar were a positive reaction to the data," said Omer Esiner,
chief market analyst at Commonwealth Foreign Exchange in Washington. "The
reports show that the dollar's fundamental backdrop remains strong."<u1:p></u1:p></span><span style="line-height: 107%;"><o:p></o:p></span></span></div>
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<span style="font-size: small; font-weight: normal;"><span style="font-family: "gotham narrow ssm 4r" , "serif";">U.S. industrial
production surged in February, boosted by strong increases in output at
factories and mines, while a consumer sentiment survey by the University of
Michigan showed a rise in the overall index for March.<u1:p></u1:p></span><span style="line-height: 107%;"><o:p></o:p></span></span></div>
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<span style="font-size: small; font-weight: normal;"><span style="font-family: "gotham narrow ssm 4r" , "serif";">The dollar,
however, fell to a more than one-week low against the yen, undermined by
speculation that more top Trump administration officials could be replaced and
concerns U.S. trade tariffs could hurt the global economy.<u1:p></u1:p></span><span style="line-height: 107%;"><o:p></o:p></span></span></div>
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<span style="font-size: small; font-weight: normal;"><span style="font-family: "gotham narrow ssm 4r" , "serif";">These
U.S.-centric factors have rattled markets in recent days, pushing the dollar
lower and leaving the yen as the main beneficiary.<u1:p></u1:p></span><span style="line-height: 107%;"><o:p></o:p></span></span></div>
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<span style="font-size: small; font-weight: normal;"><span style="font-family: "gotham narrow ssm 4r" , "serif";">U.S.
President </span><span style="font-family: "gotham narrow ssm 5r" , "serif";">Donald
Trump</span><span style="font-family: "gotham narrow ssm 4r" , "serif";"> has
decided to replace his national security adviser, H.R. McMaster, the Washington
Post reported on Thursday. At the same time, the New York Times reported U.S.
Special Counsel </span><span style="font-family: "gotham narrow ssm 5r" , "serif";">Robert
Mueller</span><span style="font-family: "gotham narrow ssm 4r" , "serif";"> had
issued a subpoena for documents related to Trump's businesses, including some
concerning Russia. Earlier this week, the U.S. currency took a hit after Trump
dismissed Secretary of State </span><span style="font-family: "gotham narrow ssm 5r" , "serif";">Rex
Tillerson</span><span style="font-family: "gotham narrow ssm 4r" , "serif";"> as
investors grew increasingly nervous about the direction U.S. policy might now
take following a series of departures by key members of staff.<u1:p></u1:p></span><span style="line-height: 107%;"><o:p></o:p></span></span></div>
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<span style="font-size: small; font-weight: normal;"><span style="font-family: "gotham narrow ssm 4r" , "serif";">"There is a
whiff of risk aversion about the markets," said Shaun Osborne, chief FX
strategist at Scotiabank in Toronto.<u1:p></u1:p></span><span style="line-height: 107%;"><o:p></o:p></span></span></div>
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<span style="font-size: small; font-weight: normal;"><span style="font-family: "gotham narrow ssm 4r" , "serif";">The </span><span style="font-family: "gotham narrow ssm 5r" , "serif";">dollar</span><span style="font-family: "gotham narrow ssm 4r" , "serif";"> was trading 0.24
percent lower at 106.08 yen after falling as low as 105.61 <a href="https://www.cnbc.com/quotes/?symbol=JPY%3D"><span style="font-family: "gotham narrow ssm 5r" , "serif"; text-decoration: none;">yen</span></a>, the lowest level since March 7.<u1:p></u1:p></span><span style="line-height: 107%;"><o:p></o:p></span></span></div>
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<span style="font-size: small; font-weight: normal;"><span style="font-family: "gotham narrow ssm 4r" , "serif";">The dollar index
gained 0.10 percent at 90.23. It has been on the defensive for much of the week
amid the shake-up inside Trump's administration and as next week's </span><span style="font-family: "gotham narrow ssm 5r" , "serif";">Federal Reserve</span><span style="font-family: "gotham narrow ssm 4r" , "serif";"> policy meeting comes
into focus.<u1:p></u1:p></span><span style="line-height: 107%;"><o:p></o:p></span></span></div>
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<span style="font-weight: normal;"><span style="font-size: small;"><span style="font-family: "gotham narrow ssm 4r" , "serif";">The </span><span style="font-family: "gotham narrow ssm 5r" , "serif";">euro</span><span style="font-family: "gotham narrow ssm 4r" , "serif";"> fell 0.17 percent to
$1.2283, with little in the way to drive the single currency It has struggled
to make much headway since rallying in January and faced further headwinds
after the </span><span style="font-family: "gotham narrow ssm 5r" , "serif";">European
Central Bank </span></span><span style="font-family: "gotham narrow ssm 4r" , "serif";"><span style="font-size: small;">last
week cautioned investors not to expect a paring back of monetary stimulus any
time soon.</span><u1:p></u1:p></span><span style="font-size: 13.5pt; line-height: 107%;"><o:p></o:p></span></span></div>
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ZaveriBloger21http://www.blogger.com/profile/16169198678702320779noreply@blogger.com0tag:blogger.com,1999:blog-6851505320757345882.post-35371284068542300352018-03-18T12:02:00.002-07:002018-03-27T07:33:28.234-07:00Stocks Latest News <div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="color: #333333; font-family: "gotham narrow ssm 4r" , "serif"; font-size: 27.0pt;">Stocks
fall for the week on rising trade tensions</span></b><span style="color: #333333; font-family: "gotham narrow ssm 4r" , "serif"; font-size: 27.0pt;"><o:p></o:p></span></h1>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 10.5pt;">The S&P 500 posted a loss of more than 1
percent for the week, despite a 0.2 percent gain on Friday.<o:p></o:p></span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 10.5pt;">The Dow Jones industrial average also fell
more than 1 percent on the week as shares of Boeing dropped 6.8 percent on trade
tensions.<o:p></o:p></span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 10.5pt;">Tariffs on steel and aluminum imports are
expected to come into effect in the coming weeks, after Trump signed two
declarations last week.<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">A slight gain on Friday was not enough to stop stocks
from posting a loss this week, weighed down by fears of a possible trade war
and White House turmoil.<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;"><span style="font-family: "gotham narrow ssm 5r" , "serif"; text-decoration: none;">The S&P 500</span> notched a 1.2 percent
loss for the week, despite a 0.2 percent gain on Friday. The <span style="font-family: "gotham narrow ssm 5r" , "serif"; text-decoration: none;">Dow Jones industrial
average</span> also fell 1.5 percent on the week as shares of Boeing
dropped 6.8 percent on the trade tensions. The Dow closed 72.85 points higher
on Friday at 24,946.51.<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">The <span style="font-family: "gotham narrow ssm 5r" , "serif"; text-decoration: none;">Nasdaq composite</span> closed
flat at 7,481.99 amid a 1.4 percent decline in Google-parent Alphabet and a 0.7
percent fall in Amazon shares. The index also fell 1 percent for the week.<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">Tariffs on steel and aluminum imports are expected to
come into effect in the coming weeks, after Trump signed two declarations last
week. While Canada and Mexico are exempt from the deal, investors worry that
countries around the world including China may strike back.<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">"The market is still vulnerable to headlines,
particularly with regard to trade and any retaliation," said Quincy
Krosby, chief market strategist at Prudential Financial. We're "waiting
for reaction from the European Union and reaction from the Chinese in terms
retaliatory responses."<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , serif; font-size: 12pt;">Also on investors' minds, Krosby added, is
the two-day Federal Open Market Committee monetary policy meeting next week,
with Wall Street preparing for new Federal Reserve Chair Jerome Powell to lead
bankers in raising rates.<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">"It's Jerome Powell's first conference and the
market expects a rate hike ... [investors] will also be paying attention to his
comments and the press conference," Krosby said. "He's extremely
fluent in the language of the Fed, extremely fluent in the thinking of the
Fed."<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">In political news, President Donald Trump has reportedly
decided to remove national security advisor H.R. McMaster from the U.S.
administration, according to a Thursday report by the Washington Post. The
White House has, however, denied that any changes are set to emerge within the
National Security Council.<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">Adding to the political drama, CBS News reported on
Friday that White House chief of staff John Kelly, too, could depart the
administration as early as today. Fears that the chief of staff could be on his
way out were kept at bay, however, after The Wall Street Journal reported
that <span style="font-family: "gotham narrow ssm 5r" , serif; text-decoration: none;">Trump and Kelly settled on a temporary
"truce."</span><o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">Kelly, rattled by President Trump's abrupt firing of
Secretary of State Rex Tillerson via Twitter earlier in the week, had told
colleagues to start looking for new jobs, the Journal reported. Tillerson's
dismissal comes a week after Gary Cohn resigned as the National Economic
Council's director.<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">"I think the market has understood for a while that
this is a chaotic White House," said Michael Shaoul, chairman and CEO of
Marketfield Asset Management. He noted that stocks have been trading in a close
range recently. "I think it will take more economically driven or
corporate-driven news for the market to make up its mind."<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">The Commerce Department said housing starts declined 7
percent in February, a bigger-than-expected fall. Building permits, meanwhile,
fell 7.7 percent last month.<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">Elsewhere, consumer sentiment rose to a level not seen
since 2004 in March, according to a preliminary reading from the University of
Michigan. Meanwhile, the Labor Department said job openings increased to 6.3
million in January, a record.<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">"This week investors have been focused on
Washington," said Jeff Kravetz, regional investment strategist at U.S.
Bank Wealth Management. "But the narrative seems to be changing with
strong economic numbers."<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">"I think investors are going to be focused on
economic data" and the Federal Reserve next week, Kravetz said.</span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">In corporate news, Adobe Systems reported
better-than-expected quarterly earnings, sending its stock up 3.1 percent.<o:p></o:p></span></div>
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<span style="font-family: "gotham narrow ssm 4r" , "serif"; font-size: 12.0pt;">Meanwhile, Walmart responded to accusations of issuing
misleading e-commerce results, calling the person a "disgruntled former
associate." Walmart shares rose 1.9 percent.<o:p></o:p></span></div>
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ZaveriBloger21http://www.blogger.com/profile/16169198678702320779noreply@blogger.com0tag:blogger.com,1999:blog-6851505320757345882.post-48419227418907238342018-03-18T11:30:00.001-07:002018-03-18T12:31:33.621-07:00India Beat Bangladesh 2018<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #161616; font-family: "arial black" , sans-serif;"><span style="font-size: large;">Nidahas Trophy Final, India vs Bangladesh: Dinesh Karthik's Last
Ball Six Helps India Beat Bangladesh, Clinch Title</span><span style="font-size: 32px;"><o:p></o:p></span></span></h1>
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<span style="color: #353535; font-family: "arial" , "sans-serif"; font-size: 12.0pt;"><span style="font-weight: normal;">Needing five off the final delivery,
Karthik smashed Soumya Sarkar over extra-cover as a second-string Indian side
held its nerve in a tense situation to chase down a target of 167 in 20 overs.</span><o:p></o:p></span></div>
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<span style="color: #161616; font-family: "roboto" , serif; font-weight: normal;"><span style="font-size: small;">Dinesh
Karthik kept his calm under pressure as he produced a scintillating knock to
help India pull off an incredible chase <span style="color: #2d2d2d;">beating Bangladesh by four wickets to clinch the Nidahas
title</span> at the jam-packed R Premadasa Stadium in Colombo on
Sunday. Needing 5 runs off the last ball in the <span style="color: #2d2d2d;">title decider</span>,
Karthik displayed nerves of steel and launched Soumya Sarkar towards extra
cover for a six to seal India's win in a nerve-wrecking summit clash. The
right-hander smashed three sixes and two boundaries in his 29-run knock that
came off 8 balls.<o:p></o:p></span></span></div>
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<span style="color: #161616; font-family: "roboto" , serif; font-weight: normal;"><span style="font-size: small;">Karthik's
heroics would count as one of India's famous last ball sixes -- something that
a Pakistani legend did against India 32 years back in Sharjah.<o:p></o:p></span></span></div>
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<span style="color: #161616; font-family: "roboto" , serif; font-weight: normal;"><span style="font-size: small;">"Really
happy to come out of this performance. We have played really well in this
tournament and to not win the final would have been unfortunate. It was not
that easy to bat there. So I just had to go out there and hit the ball hard. I
have been practising keeping a good base and hitting through the line and
luckily it came out well," an elated Karthik said.<o:p></o:p></span></span></div>
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<span style="color: #161616; font-family: "roboto" , serif; font-weight: normal;"><span style="font-size: small;">"The
Indian team is a tough place to get an opportunity, but once you get it, you
have to take it. And credit to the backroom staff, they have always supported
me and I'm really happy," he said.<o:p></o:p></span></span></div>
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<span style="color: #161616; font-family: "roboto" , serif;"><span style="font-weight: normal;"><span style="font-size: small;">After
being put in to bat, Bangladesh scored a competitive 166 for eight, riding on
Sabbir Rahman's 50-ball 77.</span></span><o:p></o:p></span></div>
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<span style="color: #161616; font-family: "roboto" , serif;"><span style="font-size: small;">Chasing
167, captain Rohit Sharma (56) once again led from the front with his classy
knock but failed to finish off the proceedings. Middle-order batsman Manish
Pandey (28) played sensible innings but was dismissed when needed the most.
Then came Karthik who took India to victory.<o:p></o:p></span></span></div>
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<span style="color: #161616; font-family: "roboto" , "serif"; mso-bidi-font-family: Arial;"><span style="font-size: small;">India
started off on a steady note as openers Rohit and Shikhar Dhawan (10) scored 32
runs in three overs but then Dhawan was dismissed by Shakib Al Hasan.<o:p></o:p></span></span></div>
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<span style="color: #161616; font-family: "roboto" , "serif"; mso-bidi-font-family: Arial;"><span style="font-size: small;">Suresh
Raina (0), who also played a crucial role along with Rohit in the last match
could not disturb his score this time as the Uttar Pradesh batsman was
dismissed in the very next over by Rubel Hossain. But incoming batsman Lokesh
Rahul (24) and Rohit forged a crucial 51-run partnership before Rahul was sent
packing by Hossain in the 10th over.<o:p></o:p></span></span></div>
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<span style="color: #161616; font-family: "roboto" , "serif"; mso-bidi-font-family: Arial;"><span style="font-size: small;">Just
when things seemed good in the middle, Rohit departed with Nazmul Islam picking
up the crucial wicket in the 14th over. His 42-balls innings was laced with
four boundaries and three sixes.<o:p></o:p></span></span></div>
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<span style="color: #161616; font-family: "roboto" , "serif"; mso-bidi-font-family: Arial;"><span style="font-size: small;">Needing
69 runs in 40 balls, it was all on new two new batsmen Pandey and Vijay Shankar
(17). Pandey displayed some superb shots while Shankar also supported
handsomely at the other end.<o:p></o:p></span></span></div>
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<span style="color: #161616; font-family: "roboto" , "serif"; mso-bidi-font-family: Arial;"><span style="font-size: small;">But
with 37 needed in last three overs, Shankar played four dot balls which mounted
the pressure and as a result, Pandey, while trying for a big one, was caught by
Sabbir Rahman off Mustafizur Rahman. Pandey played 27 balls and slammed three
boundaries.<o:p></o:p></span></span></div>
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<span style="color: #161616; font-family: "roboto" , "serif"; mso-bidi-font-family: Arial;"><span style="font-size: small;">Experienced
batsman Karthik then joined Shankar and guided India to victory.<o:p></o:p></span></span></div>
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<span style="color: #161616; font-family: "roboto" , "serif"; mso-bidi-font-family: Arial;"><span style="font-size: small;">For
Bangladesh, Hossain picked up two wickets.<o:p></o:p></span></span></div>
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ZaveriBloger21http://www.blogger.com/profile/16169198678702320779noreply@blogger.com0tag:blogger.com,1999:blog-6851505320757345882.post-30438843576318780492018-03-13T08:41:00.002-07:002018-03-13T09:01:51.718-07:00Bitcoin Latest News<div dir="ltr" style="text-align: left;" trbidi="on">
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<h2 style="text-align: center;">
<span style="font-family: "arial" , sans-serif;"><span style="font-size: 32px;"><u>Latest Bitcoin News</u></span></span></h2>
<h3 style="text-align: center;">
<span style="font-family: "arial" , sans-serif; font-size: large;"><u>Dutch Finance Minister Advocates Changes to European Crypto Laws</u></span></h3>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifs0Hx1mjGalBp4W6r6DE5owHTbws5kKWp3VvWPOeexDkdVXZzOQxbR6SxUu2hor2C5brku2nwxd9-uBB_n_dDitCtepEALGBpa7V7nibja5uCyDZ9C5_e12ubHCjvycUg4NpPMrwZzGs/s1600/img.png" imageanchor="1" style="font-family: arial, sans-serif; margin-left: 1em; margin-right: 1em; text-align: center;"><img alt="" border="0" data-original-height="720" data-original-width="960" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifs0Hx1mjGalBp4W6r6DE5owHTbws5kKWp3VvWPOeexDkdVXZzOQxbR6SxUu2hor2C5brku2nwxd9-uBB_n_dDitCtepEALGBpa7V7nibja5uCyDZ9C5_e12ubHCjvycUg4NpPMrwZzGs/s320/img.png" title="PWC" width="320" /></a></div>
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<span style="font-family: "arial" , sans-serif; font-size: small; font-weight: normal;">Wopke Hoekstra, the Dutch finance minister, has issued a letter to Holland’s parliament describing the current regulatory framework pertaining to cryptocurrencies as “insufficiently equipped.” The minister advocates the development regional and international regulatory efforts in response to the burgeoning digital currency phenomenon.</span></h2>
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<span style="font-family: "arial" , sans-serif; font-size: small;"><span style="font-weight: normal;">The letter’s preface asserts that “bitcoin and other cryptocurrencies” experienced an “enormous” boon in popularity during 2017. Mr. Hoekstra states that “the number of Dutch citizens that invested in cryptocurrency rose sharply in a short time,” adding that “recent research by Kantar TNS indicates that now about half a million Dutch households” own virtual currencies.</span></span></h2>
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<u>
Markets Update: Crypto Assets Spike But Traders Are Skeptical</u></h3>
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<span style="font-family: "arial" , sans-serif; font-size: small; font-weight: normal;">Most of the top crypto assets are seeing gains today as many cryptocurrencies suffered losses over the past week. BTC/USD markets reached a weighted average of $9,892 across global exchanges during the overnight trading sessions. This rise follows BTC/USD prices touching a low of $8,366 on March 9 and many other digital assets reaching lows as well. After most crypto-assets spiked during this morning’s early trading sessions, this afternoon a significant amount of them are seeing losses once again. </span></h2>
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<span style="font-family: "arial" , sans-serif; text-align: justify;">The overall market capitalization of all 1500+ digital assets is roughly around $394Bn after a vast majority of cryptocurrencies shaved billions off their valuations over the past six days. During Sunday’s trading sessions on March 11, BTC/USD markets and many other cryptos started seeing some relief. Currently, BTC vo</span><span style="font-family: "arial" , sans-serif; text-align: justify;">lume is decent as there’s been roughly $6Bn worth traded over the past 24 hours against various crypto pairs and fiat currencies.</span></div>
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<span style="font-family: "arial" , sans-serif; font-size: large;">PwC Reveals Blockchain Analytics Tool For Tracking ICO Tokens</span></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPRuRdZ7gITXbu_pyIaaQdBMGrl2EfHveaG9rhO4MhZS7DwptOiCgBg923YoFwtmvvJFg_OKqLtpIbR0MMIDecjVLYIT6_01Vj_nOo_1gGZrvcHAYpfJ_oqmAhuXQgnlvEr1IQx-m9P7k/s1600/pwc.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" border="0" data-original-height="199" data-original-width="283" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPRuRdZ7gITXbu_pyIaaQdBMGrl2EfHveaG9rhO4MhZS7DwptOiCgBg923YoFwtmvvJFg_OKqLtpIbR0MMIDecjVLYIT6_01Vj_nOo_1gGZrvcHAYpfJ_oqmAhuXQgnlvEr1IQx-m9P7k/s1600/pwc.png" title="PWC" /></a></div>
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<span style="font-family: "arial" , sans-serif; font-size: small; font-weight: normal;">Major accounting firm, Pricewaterhouse Coopers (PwC), has announced that it is currently trialing a blockchain analytics tool designed to trade digital tokens from launch. PwC has stated that the software will assist companies in guarding against the misuse of their tokens for illicit purposes.</span></h2>
<h2 style="text-align: left;">
<span style="font-size: small; font-weight: normal;">PwC and its Hong Kong forensic services partner, Eric Young, have indicated that the company seeks to capitalize a growing interest in raising funds through initial coin offerings (ICOs) among businesses in Asia’s manufacturing, technology, and retail sectors. </span></h2>
<h2 style="text-align: left;">
<span style="font-family: "arial" , sans-serif; font-size: small; font-weight: normal;">Analysts have inferred that PwC hopes to capitalize on the migration of many Asian cryptocurrency companies to Hong Kong and Singapore – owing the respective jurisdictions’ lack of prohibitive regulations regarding ICOs amid China’s intensifying cryptocurrency crackdown.</span> </h2>
<h3 style="text-align: center;">
<span style="font-family: "arial" , sans-serif; font-size: large;"><u>Silicon Valley VCs Help Crypto Hedge Fund Reach Quarter Billion Target</u></span></h3>
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<h2 style="text-align: left;">
<span style="font-family: "arial" , sans-serif; font-size: small; font-weight: normal;">With bitcoin hovering at around only $9,000 and the entire cryptocurrency market at similar low levels, short term speculators are acting as if a great calamity is upon us. Long term investors on the other hand are just entering the ecosystem now and building up a portfolio of assets that offer growth opportunities uncorrelated to stocks and commodities.</span></h2>
<h2 style="text-align: left;">
<span style="font-size: small; font-weight: normal;">Multicoin Capital, a Texas-based crypto investment fund with a multi-year time horizon, now expects to close its $250 million flagship fund by the end of Q2 2018, up from just $100 million target when it was launched in October 2017. </span> </h2>
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<h3 style="text-align: center;">
<span style="font-family: "arial" , sans-serif; font-size: large;"><u>China’s PBOC Governor Speaks Against Speculative Cryptocurrencies</u></span></h3>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPRuRdZ7gITXbu_pyIaaQdBMGrl2EfHveaG9rhO4MhZS7DwptOiCgBg923YoFwtmvvJFg_OKqLtpIbR0MMIDecjVLYIT6_01Vj_nOo_1gGZrvcHAYpfJ_oqmAhuXQgnlvEr1IQx-m9P7k/s1600/pwc.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><br /></a>
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<span style="font-family: "arial" , sans-serif; font-size: small; font-weight: normal;">This week the People’s Bank of China (PBOC) governor, Zhou Xiaochuan, spoke about both public and privately issued cryptocurrencies. Zhou details that the central bank dislikes “speculative cryptocurrency products” and the bank does not officially recognize digital currencies like bitcoin. Further Zhou explains the bank is monitoring projects like bitcoin and initial coin offerings (ICO), and aims to ramp up regulatory actions.</span></h2>
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ZaveriBloger21http://www.blogger.com/profile/16169198678702320779noreply@blogger.com4