Crypto News 

Latest bitcoin updates as cryptocurrencies recover

“The Independent’s bitcoin group is the best place to follow the latest discussions and developments in cryptocurrency” writes Andrew Griffin for independent.co.uk. Click here to get the latest Bitcoin rates and start trading.We’ve teamed up with cryptocurrency trading platform eToro.Its price is expected to continue to fluctuate unpredictably, and this live blog will be regularly updated with the latest news and significant changes. :: The Independent’s bitcoin group is the best place to follow the latest discussions and developments in cryptocurrency. Source: independent.co.uk Share This:

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Crypto News 

Bitcoin dives below $12,000 to six-week low over crackdown fears

“Regulators will also target people and companies that provide market-making, settlement and clearing services for centralized trading, the publication said, citing unnamed sources” writes Ryan Browne for cnbc.com. Trading in South Korean won accounted for about 4 percent of bitcoin trading volume, according to CryptoCompare.Bitcoin plunged to a six-week low Tuesday after comments from South Korea’s finance minister renewed worries about a crackdown in one of the largest markets for digital currency trading.As of early Tuesday morning, ET, bitcoin was trading about 10 percent lower around $12,294, according to CoinDesk. Source:…

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News Oil 

T. Boone Pickens closes energy hedge fund, cites diminishing health

“Legendary energy investor T. Boone Pickens is shutting the doors on his energy hedge fund, BP Capital” writes Becky Quick for cnbc.com. The Wall Street Journal first reported Pickens fund was closing on Friday.After retiring at 68, he formed the energy investment firm BP Capital, where he made his first billion dollars.Pickens cited declining health as a reason for closing the fund.The fund will “move toward a family office structure,” he said, noting that key employees of BP Capital will be going out on their own. Source: cnbc.com Share This:

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News 

Smoking neighbors don’t seem to care woman is recovering from cancer

“An asthmatic Michigan woman recovering from breast cancer has filed a lawsuit against her tobacco puffing neighbors, according to a report” reports nypost.com. For the past year, Phyllis Davis said the neighbors in the connected unit in her Farmington Hills condo have been smoking incessantly – sending fumes wafting through a shared ventilation system. “At the end of the day, all she wants is to breathe in her home comfortably,” her attorney, Alan Gocha told Fox 2 Detroit. “It seems that no one seems to care what’s happened to her…

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News Regulators 

Gold’s run of 4 gains looks vulnerable at hands of recovering dollar

“Among other metals, September silver SIU7, -0.20% fell 12 cents, or 0.7%, to $16.17 an ounce” writes Rachel Koning Beals for marketwatch.com. Higher rates not only push the dollar higher, nicking gold prices, but also cut demand for nonyielding precious metals in favor of yield-bearing assets. Source: marketwatch.com Share This:

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News Regulators 

GBP/USD recovering on central bank divergence – can it last?

“While his colleagues are deliberating the options of raising rates against rising inflation yet a slowing economy, McCafferty has other ideas” writes Yohay’s Google Profile for forexcrunch.com. However, Fed Chair Janet Yellen expressed some concerns over inflation, opening the door for a delay regarding the next rate hike.In an interview with The Times, he suggested reviewing the Bank’s policy of Quantitative Easing. Source: forexcrunch.com Share This:

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News 

Reuters Forex Trading Average Daily Volumes Begin Recovering in June 2017

“The results below regard forex trading average daily volumes (ADV), as well as spot and forex products average trading volumes” reports financemagnates.com. Compared to May 2016, Reuters registered a decrease in its forex trading volumes, down 3.3 percent on a year-on-year basis.Foreign exchange trading daily average volumes on Reuters platforms increased to $376 billion in June 2017, up 7 percent on a month-on-month basis.Spot trading ADV also rose from $85 billion in May 2017 to $93 billion. Source: financemagnates.com Share This:

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Markets News 

Asian earnings are recovering as reflation remains a key theme: BlackRock

“Asian markets have been strong this year as reflation remained a key theme for the region, said Andrew Swan, head of Asian and global emerging markets equities at BlackRock” writes Cheang Ming for cnbc.com. South Korean markets sold off on Tuesday, but the benchmark Kospi index rebounded to trade higher by 0.15 percent at 12:35 p.m.Still, Swan said it highlighted a distinction between old economy companies and new economy ones, pointing to dispersion in Asian markets.While geopolitical tensions in the Korean peninsula have weighed slightly on South Korean markets, the…

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