GBP News Oil Stocks 

China markets get off to strong start; pound jumps as Theresa May secures Brexit concession

“MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.17 percent” writes Weizhen Tan for cnbc.com. Oil stocks in Asia bounced strongly on Tuesday, as oil prices continued to recover this week, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June. Oil stocks put in a strong showing after losses on Monday, with shares of Santos surging 2.79 percent, Oil Search giving up some gains to rise 0.51 percent, and Woodside Petroleum rising 1.12 percent. Source: cnbc.com

Read More
Crypto Markets News 

Bitcoin trades higher, on track four 4-day winning streak

“Bitcoin traded higher on Friday, looking to register its fourth-consecutive winning session, which would be just the second such streak of 2019” writes Aaron Hankin for marketwatch.com. In early Friday trade, a single bitcoin BTCUSD, +0.14% changed hands at $3,885.20, up 0.3% since Thursday’s level at 5 p.m.Bitcoin futures were showing moderate gains in early Friday trade. Source: marketwatch.com

Read More
News 

Asia stocks tumble amid fears of slowing global economy; Shanghai drops more than 2 percent

“The Shenzhen composite shed 2.311 percent” writes Eustance Huang for cnbc.com. Stocks in Asia fell in morning trade on Friday on the back of an overnight slide in shares stateside, as investors grappled with fresh concerns over the state of the global economy.Japan’s Nikkei 225 slipped 1.53 percent in morning trade, as shares of index heavyweights Fast Retailing, Softbank and Fanuc all saw declines.The heavily weighted financial subindex shed approximately 1.6 percent as bank shares slipped.Mainland Chinese shares tumbled in early trade, with the Shanghai composite falling more than 2.4…

Read More
AUD Markets News 

Asia markets slip after 3-day losing streak on Wall Street

“Shares in Asia declined in Thursday morning trade following a third consecutive day of losses on Wall Street as investors sought developments on the state of U.S.-China trade negotiations” writes Eustance Huang for cnbc.com. Mainland China shares rose in early trade, following consecutive days of gains in the previous sessions.Japan’s Nikkei 225 slipped 0.7 percent in morning trade as shares of index heavyweight Fanuc dropped 3.43 percent, while the Topix declined 0.77 percent.The Shanghai composite rose more than 0.1 percent and the Shenzhen component traded marginally higher. Source: cnbc.com

Read More
Crypto News 

College kids are using campus electricity to mine crypto

“McBride said campus cryptocurrency mining is “quite distributed,” which indicates that many students are mining across dorm rooms” writes Michael Kan for mashable.com. Security researchers at Cisco have been monitoring cryptocurrency mining across different industry verticals, and college campuses are the second biggest miners of virtual currencies, at about 22 percent.But not all the cryptocurrency mining is done by students.But prolonged mining can hamper affected companies and organizations by increasing electricity bills and putting strain on the hardware.This is probably due to opportunistic students who are creating mining rigs in…

Read More
Crypto Markets News 

From Stablecoins to Blockchain Trials: Japanese Players Are Going Crypto as the Local Government Is Overseeing the Market

“Basically, Japanese crypto holders have to pay between 15 and 55 percent on gains declared on their annual tax filings” writes Stephen O’neal for cointelegraph.com. In it, the agency continued to strengthen security requirements for local crypto exchanges, focusing on private keys management, among other things.The beginning of the year was particularly eventful for the Japanese crypto ecosystem, which is generally considered to be a major part of the industry.First, in April 2018, its deputy governor, Masayoshi Amamiya, declared that such currencies can have a negative impact on the existing…

Read More
Markets News Stocks 

Asian markets mixed; China lowers its growth target

“Markets in Asia were mixed by the end of Tuesday, with China announcing at its annual parliamentary meeting that it has cut its growth target” writes Eustance Huang for cnbc.com. Official economic growth target this year, he said, will be 6.0 to 6.5 percent, lower than the growth of 6.6 percent in 2018, the slowest pace since 1990.The moves Down Under came after the country’s central bank announced it was keeping interest rates steady at 1.50 percent. Source: cnbc.com

Read More
Crypto News 

Facebook and Telegram Are Hoping to Succeed Where Bitcoin Failed

“The big question facing Facebook is how much control it would retain over the digital coin” reports nytimes.com. Facebook could guarantee the value of the coin by backing every coin with a set number of dollars, euros and other national currencies held in Facebook bank accounts.Facebook is looking at pegging the value of its coin to a basket of different foreign currencies, rather than just the dollar, three people briefed on the plans said.Several other companies have recently introduced so-called stablecoins, linked to the value of the dollar. Source: nytimes.com

Read More
News Platforms 

Crypto-Fiat Payments Firm Wirex Launches Major Update, Adds 10 New Fiat Currencies

“Digital payments firm Wirex has released a major platform update, Wirex 3.0, adding ten new fiat currencies, according to an official press release on Feb. 27” writes Helen Partz for cointelegraph.com. Previously, management and technology consulting firm GreySpark reported that the United States dollar is the most actively traded fiat currency against cryptocurrencies.The press release clarifies that the update also brings these new features to residents of the Asia-Pacific region and Canada, letting said users operate their Wirex accounts in their local fiat currency for the first time.According to the…

Read More