Tim Draper Sees Bitcoin Price at $250,000 Although Banks Claim Bubble

A wave of banks and major financial institutions have condemned bitcoin in 2017, as the bitcoin price reached its peak at $19,000. When the price of bitcoin fell from that high point to $6,000, the majority of self-proclaimed economists and bankers have called off the dominant cryptocurrency as a bubble. Recently, one of Europe’s largest … More Tim Draper Sees Bitcoin Price at $250,000 Although Banks Claim Bubble

Asian Markets Mostly Higher As 2018 Trading Opens

Asian stock markets were mostly higher Tuesday as 2018 trading began and investors looked ahead to whether the record-setting U.S. equity run will last. KEEPING SCORE: The Shanghai Composite Index rose 1.1 percent to 3,342.98 and Hong Kong’s Hang Seng added 1.7 percent to 30,421.26. Japanese markets were closed for a holiday. South Korea’s Kospi … More Asian Markets Mostly Higher As 2018 Trading Opens

Bitcoin futures rebound, point to a run at $18,000; spot prices higher as well

January futures are up nearly 19% for the first full week of trading. U.S. bitcoin futures rebounded on Friday, a day after closing below $17,000, as their first full week of trading was drawing to a close. That bounce was reflected in the spot price for the cryptocurrency as well, with bitcoin BTCUSD, +7.13%  up 5% to $17,394.19, … More Bitcoin futures rebound, point to a run at $18,000; spot prices higher as well

Cryptocurrencies, Bitcoin, and the Psychology Driving Global Currency Values

“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” ~ John Maynard Keynes, … More Cryptocurrencies, Bitcoin, and the Psychology Driving Global Currency Values

Week Ahead: Hammond’s first Autumn Budget, Barnier’s Brexit deadline

The British government is at the heart of things again with both the Budget and Brexit on the agenda, while on the corporate front, earnings season comes to a close on Wall Street. Here’s our full look at the week’s main events in the markets. UK Budget Chancellor Philip Hammond delivers the first full autumn … More Week Ahead: Hammond’s first Autumn Budget, Barnier’s Brexit deadline

US Dollar Stumbles Ahead of Inflation and Retail Sales

German data surprise boosts EUR The US Dollar is trading lower against a mix of major currencies on Tuesday. Positive data out of Germany has boosted the single currency. The better than expected advance German gross domestic product (GDP) reading at 0.8 percent is further proof that the largest economy in the EU is firing … More US Dollar Stumbles Ahead of Inflation and Retail Sales

Talk Of ‘No Deal’ Brexit Rises As Divorce Negotiations Stall

As Brexit negotiations between Britain and the European Union stutter and stall, one question looms larger and larger: What if there is no deal? It’s an increasingly plausible prospect that stirs fear in many U.K. politicians and businesses — and hope in the hearts of staunch Brexit supporters. Divorce talks have limped through five rounds … More Talk Of ‘No Deal’ Brexit Rises As Divorce Negotiations Stall