Altcoin Verge Loses $1.7 Million In Second Hacking Incidence

Verge (XVG), a privacy-focused cryptocurrency has suffered yet another hacking incidence and a total of 35 million XVG lost. The company made news when pornhub.com started accepting it as a method of payment. Before that, the company’s protocol had been hacked in which millions of dollars were lost. In the first hacking incidence, which happened in

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Dips in USDJPY are a buying opportunity

Dips in USDJPY are a buying opportunity U.S. Dollar/Japanese Yen FX:USDJPY HelenRush The Trump administration has launched an investigation into car imports that could result in new US tariffs. Against this backdrop, the risk aversion has intensified and therefore fueled demand for safe haven assets. The Japanese yen             is the main beneficiary in such

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Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall Street

In today’s edition of Bitcoin in Brief we feature stories that show how fast and nimble banks that support cryptocurrency-based businesses are benefiting at the expense of the larger players that have yet to enter the market, how more financial institutions want to join and how crypto ventures are making it easier for them. Also

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EUR/USD surrenders a major part of early recovery gains, back near 1.1700 mark

   •  Investors looked past today’s in-line EZ economic data.    •  A modest USD rebound prompts some fresh selling.    •  Cautious ECB minutes fail to provide any boost.  The EUR/USD eroded a major part of its early strong recovery gains and has now retreated back closer to the 1.1700 handle. The pair initially

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ECB minutes: Economic outlook is more uncertain, caution needed

Here are some of the key highlights from the latest ECB Monetary Policy Meeting Accounts (minutes) released this Thursday.     •  Confident that inflation would rise towards target in medium-term.    •  A view was expressed that ECB was close to a sustained adjustment of inflation, but most disagreed with that view.    •  Risks

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