Crypto News 

Ongoing Economic Crises in Venezuela and Beyond Show That the Idea of Bitcoin as a Store of Value Is Increasingly Catching On

“And as one might expect, such declines were complemented by upticks in Bitcoin trading” writes Simon Chandler for cointelegraph.com. This is why the recent increases in Bitcoin trading against the Turkish lira haven’t been on the scale of trading against the Venezuelan bolívar.In Venezuela, with inflation currently exceeding 100,000 percent, and with millions of people struggling to feed themselves, these three conditions have certainly met.Venezuela may be the starkest example of how financial crises can encourage cryptocurrency adoption, but it isn’t the only one. Source: cointelegraph.com

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News 

Jayme Closs will receive $25,000 in reward money after kidnapped teen freed herself

“Jayme Closs, the 13-year-old girl who spent 88 days in captivity after her parents were shot dead in northwest Wisconsin, will receive $25,000 in reward money pledged for information leading to her safe return” writes Isaac Stanley-becker for seattletimes.com. Hormel Foods, a Fortune 500 company based in Minnesota, put up the money in October, doubling the reward promised by the FBI after Closs disappeared on Oct. 15.The girl’s parents had worked for a local turkey plant operated by Jennie-O Turkey Store, which is a Hormel subsidiary. Source: seattletimes.com

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Markets News 

One new way to take advantage of a breakout in emerging markets

“The EEM, the best-known emerging markets exchange-traded fund, might not be the optimal way to play the space, though” writes Keris Lahiff for cnbc.com. Over the past three months, the EEM emerging markets ETF has rallied 4 percent and shrugged off the extreme volatility and sell-offs that plagued U.S. markets through the end of last year.One way to play the emerging markets is through Direxion’s relative-weight ETFs, says Andrew McOrmond, managing director of WallachBeth Capital.The RWED Emerging Over Developed Markets ETF is 150 percent long emerging markets and 50 percent…

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News 

Turkey planning international investigation into Khashoggi case: minister

“We made preparations for an international investigation in the coming days and we will take the necessary steps,” he was cited as saying” writes Midwest Communications Inc for 95kqds.com. Turkey has previously said it was working with other countries on the Khashoggi investigation, and has accused Saudi Arabia of not fully cooperating to uncover the journalist’s killing.ANKARA (Reuters) – Turkey is planning to launch an international investigation into the murder of Saudi journalist Jamal Khashoggi and will take further steps in coming days, Foreign Minister Mevlut Cavusoglu was quoted as…

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News Oil 

Japan has started process of importing Iranian oil, according to Tehran

“Japan has started the process of importing Iranian oil, which was suspended due to U.S. sanctions, the governor of Iran’s central bank said on Monday” writes Ali Mohammadi for cnbc.com. The resumption of oil imports comes after Tokyo was granted a waiver from U.S. sanctions that went into effect in November.However, exemptions have been granted to Iran’s biggest oil clients — Japan, China, India, South Korea, Taiwan, Italy, Greece and Turkey — which allow them to import some oil for another 180 days. Iranian oil accounted for 5.3 percent of…

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News 

US withdrawal from Syria won’t happen without a deal to protect the Kurds, White House says

“On Monday, the White House’s top national security official is expected to travel to Turkey for talks with Turkish officials about their aims and capabilities in combating IS” writes Natasha Turak for cnbc.com. The U.S.’s planned drawdown of troops in Syria is conditioned upon an agreement with Turkey that protects Kurdish fighters in the region who have been pivotal to battling ISIS, White House national security advisor John Bolton said on Sunday. Source: cnbc.com

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News Oil 

‘Turkey expects extension of waiver for importing oil from Iran’

“She was referring to the temporary waiver that allowed Turkey to continue buying Iranian oil for six months” reports tehrantimes.com. TEHRAN- Turkey expects the U.S. to extend its sanctions waiver on importing Iranian oil, Bloomberg reported on Thursday quoting Turkish Trade Minister Ruhsar Pekcan. “We expect an extension of Turkey’s exemption” from sanctions, Pekcan said in an interview with NTV in Ankara.Sanjiv Singh, the chairman of Indian Oil Corporation Ltd, believes that Iranian crude in global market is extremely important for sustaining a balance in oil trade.The U.S. launched new…

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