More than $200 billion has been wiped off the value of global cryptocurrencies at the peak of the recent sell-off, which extended into Wednesday morning. At around 7 a.m. London time on Tuesday, the total market capitalization or value of every digital coin stood at $653.8 billion, according to data […]
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Italy has an election coming soon — and ‘serious political risk’ is back
There’s a key moment coming up in Italian politics that could have repercussions for the entire European Union. Italy is holding a general election on March 4, but it is unclear whether it will manage to form a solid government, which is raising concerns among market participants. Italy has been […]
‘Trump is a revolution, unfortunately, and I’m concerned,’ Nobel Prize-winner Robert Shiller says
President Donald Trump is synonymous with a “revolution” taking place in U.S. politics and society, according to Nobel Prize-winning economist Robert Shiller, but not in a good way. Speaking to CNBC ahead of the World Economic Forum (WEF) where Trump will be a key attraction, Shiller, a renowned economist and […]
Ex-CIA officer arrested, charged with keeping documents
A former CIA officer has been arrested and charged with illegally retaining classified records, including names and phone numbers of covert CIA assets. Jerry Chun Shing Lee, 53, was arrested Monday night after arriving at JFK International Airport. He made an initial appearance Tuesday in federal court in New York, […]
Crypto carnage: Bitcoin briefly dips below $10,000 on Coinbase, and ethereum crashes too
Bitcoin briefly plunged below $10,000 late Tuesday afternoon on Coinbase, after first topping the psychologically key level in late November. Other major digital currencies also sold off sharply. Digital currency ethereum plunged 30 percent Tuesday, to below $1,000, while ripple fell below $1. In fact, nearly every major cryptocurrency suffered […]
20 nations commit to considering more sanctions on North Korea
A 20 nation meeting on North Korea agreed on Tuesday to consider imposing unilateral sanctions on Pyongyang that go beyond those required by U.N. Security Council resolutions, the United States and Canada said in a joint statement. The meeting, to discuss North Korea’s nuclear weapons program, also agreed to support […]
Asian stocks decline following Wall Street reversal; bitcoin nurses losses
Asian markets traded in negative territory early on Wednesday after Wall Street reversed a triple-digit point gain to close lower in the previous session. Japan’s Nikkei 225 declined 0.35 percent after touching a 26-year high in the last session. Major exporter stocks traded mixed in the morning while index heavyweights […]
Only one major cryptocurrency is gaining amid a market-wide sell-off
Most major digital currencies suffered massive drops over the last 24 hours, but one token actually appeared to have posted gains. It’s called tether, and the digital asset aims to link the cryptocurrency environment to the fiat world by tying each token to government-backed currency. Of the top 50 digital […]
‘Black swan’ event could threaten China’s stability, regulator warns
China’s banking regulator chief warned that a “black swan”, or an unforeseen event could threaten the country’s financial stability, official People’s Daily reported on Wednesday. In an interview with the paper, Guo Shuqing said that while risks in the financial system are manageable, they are still “complex and serious.” Since […]
US Senate advances bill to renew NSA’s internet surveillance program
The U.S. Senate on Tuesday advanced a bill to renew the National Security Agency’s warrantless internet surveillance program, as a final push by privacy advocates to derail the measure came up short. The legislation just cleared the procedural 60-vote threshold required to limit debate in the Senate and was expected […]