Computers which are awarded fresh bitcoins in return for processing blocks of the latest bitcoin transactions is central in the world of the web-based digital currency and it is not central banks that add new money to the system. Such… Read More ›
Month: July 2016
Bitcoin Payers for Online Child Porn will be caught by NGO & Blockchain start-up
With the aim of combating the use of bitcoin to buy child sex abuse images online, the not for profit organization – the Internet Watch Foundation (IWF) has teamed up with blockchain start-up Elliptic. This was recently announced by the… Read More ›
IMF Predicts Deceleration of Euro Zone Growth after Brexit
Lowering its growth forecasts for the 19-country region the International Monetary Fund (IMF) says that the U.K.’s decision to leave the EU is expected to weigh on euro zone growth. Despite the single currency zone seeing a strengthening recovery recently… Read More ›
Few Options for Next Boom Left due to Generation Gap in Oil Industry Workers
After falling prices, a generation gap is now plaguing the oil industry. The demographic hangover of the last great industry downturn in the 1980s, when scores of drillers went out of business is causing a concern for U.S. explorers who are… Read More ›
$4 Indian Smartphone to Hit Market Soon, Analysts say too Good to be True
In theory, at least, the world’s cheapest smartphone will meet the world’s fastest-growing smartphone market in the next few weeks. Shipping of its Freedom 251 handsets by Ringing Bells Pvt, a little-known Indian company, is set to begin. At the… Read More ›
JPMorgan Chase & Co likely to move thousands of job across the channel once Article 50 is invoked
As stated earlier by Pro Brexit campaigner Boris Johnson, the British government should fully disclose to its citizens the impact that Brexit will have on their nation in simple economic terms. Britain’s historic decision to leave the European Union could… Read More ›
China’s HNA Group in the lead for the purchase of CIT Group’s plane leasing business
The HNA Group’s interest in this business is due to growing Chinese appetite for air travel. According to sources familiar with the situation, a firm backed by Li Ka-shing, a tycoon from Hong Kong along with China’s HNA Group is… Read More ›
Citigroup consolidating its banking consumer business
This move is designed to cluster its EMEA consumer operations in Asia. According to an internal memo, Citigroup is in the process of merging its consumer banking unit in Europe, Middle East and Africa (EMEA), its largest region for profits,… Read More ›
Andrew Caspersen pleads guilty to $38 million for fraud
Those affected by this fraud include a foundation affiliated with Moore Capital Management, the Park Hill Group, family and friends. Andrew Caspersen the former Wall Street executive has now pleaded guilty of defrauding investors to the tune of $38 million… Read More ›
Brexit clouds Fed’s interest rate hike
One thing is for certain, Brexit will not pull the U.S. economy into a recession. Oil prices, the trend of the greenback and other economic conditions to a great extent behaved to the expectations of the U.S. Federal Reserve, which… Read More ›
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