Go to ...

Economics Gazette

Economy and Business news

RSS Feed

October 19, 2017

Currencies

digital currency

Russia intends to limit access to the digital currency

Russia intends to limit access to the digital currency in the future. Web sites offering crypto-currencies will be blocked in the future, warned the central bank of the country. The announcement triggered a brief crash on the Bitcoin exchange rate. This morning, however, the rate has returned to more than 4,800 USD, while immediately after

Christine Lagarde

It would not be wise to reject digital currencies, considers IMF director

It would not be wise to reject digital currencies, considers the International Monetary Fund (IMF) director Christine Lagarde. According to her, they can shake the central banks, conventional banking, and test the national currencies. “Let’s be clear, it’s not about digital payments with existing currencies via PayPal for example. Virtual currencies are another category because

Bitcoin exchanges

China started closing the Bitcoin exchanges

China fulfilled its plans and started closing the Bitcoin exchanges in the country, as already shut down trading platforms in key cities. All exchanges in Beijing and Shanghai were ordered to submit plans to terminate operations by September 20th. This action follows the decision of the Chinese Central Bank to ban the initial offering of

Swiss franc

Depreciation of the Swiss franc helped to curb the big surplus

The depreciation of the Swiss franc against the Euro helped to curb the big surplus, according to the Swiss central bank. In this way, the regulator practically slightly changes its position for the Swiss franc. “Since the last assessment of monetary policy, the Swiss franc has weakened against the Euro and has appreciated against the

british pound

British pound rose to a one-year high against the dollar

The British pound rose to a one-year high against the dollar after the inflation data report. The consumer price growth accelerated in August to 2.9% yoy, according to the data from the National Statistics Service. This increased the market expectations of raising the basic interest rate, which is currently at a record low level of

Crypto-currencies

Crypto-currencies boom

After the giant jump in the cost of the Bitcoin exchange rate in November 2013, the launch of new crypto-currencies also had peak. In fact, if we go back to that moment, we can see the presence of literally hundreds of new coins available for digging and buying. In November 2014, for example, there were

Older Posts››