Cryptocurrency prices fell following the results of trading on Monday. Interest in digital money increased after Twitter CEO, Jack Dorsey, announced that Bitcoin would become the single Internet currency. Dorsey expressed this opinion in an interview on February 2. In his opinion, Bitcoin was born by the Internet and is liked by business because of its advantages. Blockchain technology, however, scares companies from the non-financial sector and the government. On Monday, Bitcoin fell in price by 0.7% to $3456.9. Ethereum fell 2.5% to $107.38. Litecoin fell 2.3% to $33.642, while the XRP rate fell 2.8% to $0.30106. The QuadrigaCX cryptocurrency exchange lost access to digital currencies in the amount of $145 million after the death of its founder, Jerry Cotten. The exchange cannot find access to assets, since its owner was the only one who knew the access passwords and recovery keys.
June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
The dollar rose against a basket of currencies in overnight trading but slid in London trading. This came after Friday’s data on U.S. employment prompted a rally. A recovery in U.S. employment data showed signs of a faster economic revival. ...
On Tuesday, American multinational investment bank Morgan Stanley (MS) raised its year-end Brent price forecast to $40 per barrel due to tighter oil markets. The financial services company expects balance in worldwide oil demand and supply ...
The first-quarter sales of Carlsberg (CARLb.CO) fell by 7% on Thursday. While the Dutch brewing company anticipates further decline in its second-quarter sales due to beer demand in grocery stores, it failed to consider the closure of pubs ...