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    Crypto

    Crypto-currencies are digital financial assets designed to work as a medium of exchange that uses cryptography to secure transactions. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies (altcoins) and virtual currencies.


    Bitcoin looks “remarkably like a bubble” to the Acting Governor of New Zealand’s central bank, Grant Spencer. Speaking to TVNZ this weekend, Spencer – who will lead the RBNZ’s Monetary Policy Committee until March – said that bitcoin appears to be a “classic case” of a financial bubble. “Over the centuries we’ve seen bubbles and […]


    Among the world’s ten most actively traded currencies, it was the Chinese yuan that was leading the pack approaching the end of the Asian business week.   Last week: majors all down   Aussie dollar (AUD) was down last week, retreating from US0.80 cents, on Australia’s disappointing rise in private sector wages, their massive contraction […]


    Cryptocurrencies exploded on Friday for reasons not fully understood by analysts. Litecoin was among the day’s stars, gaining 30 percent. Brokers, though, remain skeptical about the rally’s sustainability.


    Users of popular messaging apps, including WhatsApp and Line, might soon be able to make cross-border payments effortlessly. In a move that will further disrupt the payments industry, the creators of such apps, including Facebook, are working hard to develop their own digital currencies that can be transferred to anyone in a user’s contact list.