Month: August 2015

Greek Stock Market Crashes At Open

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The Greek stock market plunged on Monday morning as trading resumed after a five-week Athens Stock Exchange closure. The Athex Composite crashed from 800 to 620 points, a 22% drop, at the market open. According to Marketwatch this was the index’s worst ever single drop and it occured within minutes after trading resumed. Banks First, More Restrictions Banking shares were heavily sold with the National Bank of Greece down to its 30% daily volatility limit. The Greek banking index was also sold down to the volatility limit within minutes. Blue chip futures (expiring August) were down 20.5% today. Investment adviser […]

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Greek Stock Market Crashes At Open

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The Greek stock market plunged on Monday morning as trading resumed after a five-week Athens Stock Exchange closure. The Athex Composite crashed from 800 to 620 points, a 22% drop, at the market open. According to Marketwatch this was the index’s worst ever single drop and it occured within minutes after trading resumed. Banks First, More Restrictions Banking shares were heavily sold with the National Bank of Greece down to its 30% daily volatility limit. The Greek banking index was also sold down to the volatility limit within minutes. Blue chip futures (expiring August) were down 20.5% today. Investment adviser […]

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Founder of Mt.Gox Bitcoin Exchange Arrested in Japan

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The CEO of failed Bitcoin exchange company Mt.Gox has been arrested by the Japanese police and is currently being held in connection with the loss of bitcoins worth $387 million. Mark Karpelès, former founder and CEO of Japanese-based bitcoin exchange Mt.Gox, once the biggest bitcoin exchange in the world has been arrested in Japan by the country’s police on suspicion on inflating his account by a million dollars. Japanese police arrested Karpelès, 30, alleging that he manipulated the collapsed company’s computer systems in February 2013 to increase the cash balance in an account owned by him. Also read: Bitcoin Exchange […]

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Founder of Mt.Gox Bitcoin Exchange Arrested in Japan

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The CEO of failed Bitcoin exchange company Mt.Gox has been arrested by the Japanese police and is currently being held in connection with the loss of bitcoins worth $387 million. Mark Karpelès, former founder and CEO of Japanese-based bitcoin exchange Mt.Gox, once the biggest bitcoin exchange in the world has been arrested in Japan by the country’s police on suspicion on inflating his account by a million dollars. Japanese police arrested Karpelès, 30, alleging that he manipulated the collapsed company’s computer systems in February 2013 to increase the cash balance in an account owned by him. Also read: Bitcoin Exchange […]

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Global Economic Outlook: Yuan, Dollar and Commodities

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The week features a busy calendar with manufacturing data from several major economies, as well as several central banks making rates statements. China manufacturing came in lower than expected and the market watches US unemployment figures as the countdown to a September Fed rates hike continues. This post is powered by the Bitcoin Trading Network xbt.social – CCN29 and get 29USD off! Economic Indicators World Indexes and Forex Rates   Commodities In the Calendar This Week Sun 2 August China Caixin Final Manufacturing PMI (actual: 47.8 expected: 48.3 previous: 48.2) Mon 3 August UK Manufacturing PMI (expected: 51.6 previous: 51.4) […]

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Snoop Dogg Stopped In Italian Airport With $422,000 Cash, Half Confiscated By Authorities

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The rapper, actor and record producer Snoop Dogg was arrested by Italian authorities at the Lamezia Terme airport with $422,000 in cash stuffed inside of pieces of luggage. The Guardia di Finanza confiscated half of the money based on the money laundering legislation. The 43-year-old rapper, whose real name is Calvin Cordozar Broadus Jr., was on his way to England with the cash in Louis Vuitton luggage, according to an Italian lawyer who represents the entertainer. The maximum amount of undeclared cash one can take aboard a plane in the European Union is 10,000 euros ($10,986.00 USD). Snoop has been […]

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Inaugural Group of Startups Selected for Intel Education Accelerator

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Intel Capital to Invest up to $100,000 Each in Eight Innovative Companies SANTA CLARA, Calif., Aug. 3, 2015 – A company that can turn a park bench into a piano. A Copenhagen startup that lets children as young as age 3 create and share their own e-books. A woman-founded partnership that teaches teen girls to … Continued

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Bitcoin Price Decline Finds Support

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Bitcoin price has declined steadily from near $300 for most of the past week. Today, saw the first signs of the decline halting as price ran into the 4-hour chart’s 200MA near $276 (Bitstamp). This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 17h19 UTC Bitstamp 4-Hour Chart From the analysis pages of xbt.social, earlier today: A look at the larger 4-hour timeframe chart, and a few things to note here: 1) The […]

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Industry Veteran Teaches Other Escorts How to Use Bitcoin

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Liara Roux is an “exclusive San Francisco escort,” of the upscale variety, and she has been impacted by the recent decision of Visa, MasterCard, and American Express to cut off Backpage.com, a place that people in her industry often solicit customers. Bitcoin is censorship resistant. Even if the government ordered someone to shut down Bitcoin for a site like Backpage, they’d be unable to do it. So long as the people at Backpage could create a wallet, they could receive money. This is by design, considered a feature, not a bug. Whereas with many of the legacy systems, it’s pretty […]

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Could the Bitcoin Block Chain Improve Political Finance?

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It was recently a headline that Political Action Committees had been raising funds before any candidates had announced their candidacy. It seems obvious that these groups have agendas that they’re going to push, without regard for who is running for office. Whichever candidate they can bend the most to their will, that is the candidate they’re going to support the most. That much should be obvious whenever examining the contributions to any political campaign. Even the very populist candidates like Bernie Sanders, rest assured, they have large interests such as unions behind them. In an interesting twist to everything, unions […]

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Cannabis Industry Bank Application Rejected By Federal Reserve & NCUA

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A Colorado credit union wants the states’ marijuana industry to bank with it. Its fate, however, is up to a federal judge after Fourth Corner Credit Union filed a pair of lawsuits in Denver this week against the US Federal Reserve and the National Credit Union Administration. The two federal institutions denied the Credit Union’s applications to serve the marijuana industry. Fourth Corner, chartered by the State of Colorado Division of Financial Services in November 2014, was created to serve the state’s marijuana industry. The credit union has waited on the okay from federal insurers and regulators before opening for […]

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Bitcoin Trading Pulls Price Below $280

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Bitcoin trading has sold price down inside a descending channel. The failed attempt on $300 has cooled bullish exuberance and the market enters the weekend in a somber mood. Several indications that price may consolidate above $270 are showing in the chart. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 06h15 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price has dipped below both the 1-hour 20-period moving […]

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