BitPay recently released a study highlighting four merchants from different businesses that have implemented Bitcoin as a payment method. The parties selected to participate included a gold broker, an online gift card marketplace, a domain registrar that also serves as a hosting service, and an electronics retailer. In the report, the unnamed merchants praised crypto’s
Month: September 2020
NEW DELHI: India has cut the price of locally produced gas for October 2020-March 2021 by about a quarter to a multi-year low of $1.79 per million metric British thermal units (mmBtu), the government said on Wednesday. This would be the lowest price since 2014, when the nation began linking local rates to a formula
The forex markets are generally staying in tight range today, without much reaction to better than expected job data from US and GDP from Canada. Nor was there much movements after comments from ECB President and BoE Chief Economist. Subdued month-end trading is keeping volatility very low. Nevertheless, it’s hopeful that October would start with
Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according to a report Wednesday from ADP. The firm’s monthly private-sector jobs count showed growth of 749,000, ahead of the 600,000 expected from a Dow Jones economist survey. The report, done in conjunction with Moody’s Analytics,
In a CNBC interview, the Fed’eral Reserve’s Daly said the US economy is not out of the woods, needs more fiscal support. Daly adds that the unemployment rate is an ‘overused’ measure, in a very ‘big ditch’ on the labour market. Daly says epidemiologists tell her to expect vaccine or therapeutics by middle of 2021, that’s factored into
EUR/USD falls to a session low of 1.1702 as sellers look for a firm break below the 200-hour moving average For bank trade ideas, check out eFX Plus The euro has had a decent start to the week in the past two days but all of that is under threat now as sellers are looking
Singapore announces that it will lift border restrictions for visitors from Australia and Vietnam from 8 October This adds to travelers from Brunei and New Zealand, which were already approved to enter Singapore in early September. But there will still be a travel restriction applied to Australians from the state of Victoria at this point
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NEW DELHI: Gold and silver prices dropped in Wednesday’s session as investors became more hopeful of the US stimulus bill after comments from the Washington lawmakers. US House Speaker Nancy Pelosi said on Tuesday she hoped to have a coronavirus aid deal with the White House this week, after speaking with Treasury Secretary Steve Mnuchin.
Dollar and Yen recover some ground in Asian session but it’s unsure if this week’s pull back is completed yet. There were little reactions to the President debate of Donald Trump and Joe Biden. Asian markets are mixed despite some solid data out of China. DOW future is currently down around -200 pts but it’s
People wearing facemasks wait to buy vegetables at a market vegetable stall as essential retailers reopen from the coronavirus (Covid-19) shutdown. SOPA Images | LightRocket | Getty Images Smaller-sized businesses have been battered during the six months of the coronavirus pandemic but are feeling confident about their ability to withstand a second wave, according to
China’s growth has slowed markedly since the early 2010s. But how high will China’s growth be in the decades of the 2020s and 2030s? It is possible to build a scenario of very low potential growth in China (between 1.5% and 2%), which would have a major effect on global trade and global demand for
Down -5.08% The price of WTI crude oil futures continues to track lower. The number contract is currently down $2.08 or -5.08% at $38.53. The high price for the day reached $40.70. The low price extended to $38.41. Technically, the move to the downside saw increased selling pressure on the break of the 100 day moving
“I’m not concerned about the dollar losing it’s very important status,” New York Federal Reserve President John Williams said on Tuesday, as reported by Reuters. Additional takeaways “Fed’s emergency facilities, with exception of the Main Street, are basically operating more of a backstop role.” “The banking system came into this episode with very strong capital.” “The
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IoTeX, a privacy-focused platform for the Internet of Things, has partnered with camera manufacturer Tenvis Technology to offer Ucam, an indoor security camera powered by blockchain technology. Head of business development at IoTeX Larry Pang told Cointelegraph that Ucam users can access their camera data through a decentralized system and log in with an “uncrackable” password.
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