Ethereum: what is it and why has the price gone parabolic?
Jan 22, 2021 07:30 am UTC| Investing Digital Currency
The price of the worlds second largest cryptocurrency, ether, hit a new all-time high of US$1,440 (1,050) on January 19. This breached a previous high set three years ago and gave ether a total value (market...
JPMorgan leans on trading, investment banking to boost profits
Jan 15, 2021 14:59 pm UTC| Economy Business Investing
JPMorgan Chase Cos net income rose to $12.1 billion, or $3.79 per share, in the quarter ended Dec. 31, from the previous years $8.5 billion, or $2.57 per share. The performance also surpassed its expected earnings of...
Brexit: UK pound has not crashed yet, but here's why it will probably suffer in years to come
Jan 14, 2021 04:56 am UTC| Investing
The Brexit deal has failed to have any major effect on the exchange rate of the pound since January 1. The pound has held steady against the US dollar at US$1.36 and has strengthened slightly against the euro to 1.12. This...
S. Korea approves Netherlands-based brokerage IMC to do business locally
Jan 13, 2021 23:28 pm UTC| Economy Business Investing
Netherlands-based brokerage house IMC was green-lighted by the Financial Services Commission (FSC) to operate a financial investment and brokerage business in South Korea on the condition that its subsidiary serves as a...
Why is Bitcoin's price at an all-time high? And how is its value determined?
Jan 06, 2021 02:01 am UTC| Economy Investing Digital Currency
Bitcoin continues to trade close to its all-time high reached this month. Its price is now around US $34,000 up about 77% over the past month and 305% over the past year. First launched in 2009 as a digital currency,...
Dec 30, 2020 00:14 am UTC| Economy Investing
On December 10, it finally happened. Instead of demanding an interest payment from the government in return for lending it money, a group of investors offered to pay the government in order to lend it money. Naturally...
Bitcoin Vault to introduce high-security system for crypto assets in Asia
Dec 23, 2020 22:59 pm UTC| Digital Currency Investing
Bitcoin Vault (BCTV) is seeking to make a foray into the Asian market with its new security system named the 3-Key Security Solution designed to help users protect their crypto assets from erroneous transactions and...