Crypto News 

Russian Lawyers Claim 200,000 BTC Lost in Mt. Gox Can Be Recovered

“Russian law firm Zheleznikov and Partners proposed legal action in Russia that should enable its lawyers to recover up to 200,000 Bitcoin (BTC) lost in the Mt” writes Joeri Cant for cointelegraph.com. The Russian legal team does add that the company will only accept payment in the event of a successful recovery.Gox exchange, which according to its lawyers has the promise of making the Mt.The Russian legal team pointed out that some of these individuals have already been identified, but added: “We want to make clear that we do not…

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Futures Markets News Oil 

Oil prices recover some ground, but economic concerns weigh

“SINGAPORE (Reuters) – Oil prices recovered some ground on Wednesday after touching their lowest in close to a month during the previous session on concerns that a weakening global economy could depress demand” writes Midwest Communications Inc for 95kqds.com. U.S. crude oil stockpiles likely declined for a third straight week, a preliminary Reuters poll showed on Tuesday.A short position is when an investor sells futures in expectations of falling prices while a long position is when one buys futures to profit from rising prices.”Moreover, given that tariffs present a significant…

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Crypto Markets News 

Bitcoin Price Struggles to Recover After Slump Earlier Today

“The Bitcoin price is trading at $9,691 at press time, marking a 4.42% price decrease on the day” writes Max Boddy for cointelegraph.com. Wednesday, Aug. 28 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are in the red following a sudden price crash at 5:45 p.m.BTC, ETH and XRP all sharply dropped in price from 5:45 p.m. to 6:20 p.m. The total market cap of the top 100 cryptocurrencies is over $253 billion at press time, according to data provided by Coin360. Source: cointelegraph.com

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Markets News Stocks 

The best strategy to recover from a stock-market bottom is one you already know

“For some younger investors, the mortgage-credit crisis, stock-market bloodbath and eventual rebound might seem irrelevant, or even ancient history” writes Investing Columnist for marketwatch.com. Since we’re 10 years out from the bottom, you will be impressed with the 10-year return figures for most stock mutual funds.Even the most reasonable person can panic during a sustained stock-market decline.Charles Lemonides is the chief investment officer of ValueWorks, which is based in New York and has about $200 million in assets under management. Source: marketwatch.com

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News 

ICJ: Iran bid to recover funds frozen in U.S. can proceed

“The International Court of Justice (ICJ) ruled on Wednesday that Iran can proceed with a bid to recover billions of dollars in frozen assets the United States says must go to victims of attacks blamed on Tehran” reports tehrantimes.com. The ruling by the International Court of Justice relates to a complaint filed by Iran in June 2016 “for the confiscation and theft of two billion dollars of the property of the central bank,” President Hassan Rouhani said at the time. Source: tehrantimes.com

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News 

EU court to rule on legality of Belgian tax break, may affect Apple

“The Netherlands has to recover between 20-30 million euros from Starbucks” reports businessinsider.com. The scheme allowed the companies to claim deductions for economies of scale, reducing their corporate tax base by 50-90 percent.At stake is whether the Commission is over-stretching its powers by using its state aid tool to address tax fairness concerns. Source: businessinsider.com

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Markets News Regulators 

Emerging markets set for a ‘rally’ after last year’s rout, says strategist

“With the U.S. Federal Reserve pledging to be “patient” in future rate hikes, emerging markets should do better this year, and may in fact even have “a decent rally,” one strategist told CNBC on Monday” writes -mary Nicola for cnbc.com. Last year, economic troubles in Argentina and Turkey, as well as the Fed tightening monetary policy, had caused a selloff in several emerging market currencies.Some emerging market stock indexes also saw steep declines.But those markets should turn around this year, said Mary Nicola, a G-10 foreign exchange and Asian fixed…

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News 

Mission to recover body found in Emiliano Sala plane crash begins

“The mission to recover a body found in the plane carrying Emiliano Sala and David Ibbotson began on Tuesday evening, more than two weeks after they crashed into the English Channel” writes Jamie Johnson for telegraph.co.uk. The Air Accident Investigation Branch confirmed that the Geo Ocean III, an 80m state of the art oceanographic ship, is currently in place above the crash site and a remotely operated vehicle (ROV) is attempting to secure the body, before bringing it to the surface.However, strong tides are hampering the primary stages of the…

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News 

Sala plane crash investigators determined to recover wreckage after body…

“Authorities conducting an ongoing investigation into the disappearance of a plane carrying Emiliano Sala remain determined to recover the wreckage from the English Channel” reports sportingnews.com. But, in this case, the plane was found. “You should ask yourself a question: why be involved in these searches, locate the plane and then decide not to recover it?.  Source: sportingnews.com

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