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Friday, February 2, 2018

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As-it-happens update 1 February 2018
NEWS
Suppose for a moment bitcoin never existed. And ethereum never existed. And the whole crazy world of cryptocurrencies never happened. Someone comes along and tells you to imagine an electronic network, for moving money anywhere in the world, that no-one owns. It's an intriguing idea.
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The economy is on track to put up blockbuster growth numbers in the first quarter, according to the latest forecast from the Atlanta Fed. GDP is expected to surge 5.4 percent to start 2018, the central bank branch estimated in its latest rolling look at how the economy is progressing. If the forecast holds, ...
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The idea behind it is to allow the flexibility of cryptocurrency trading, while still maintaining the stability of holding money in dollars rather than rapidly fluctuating digital currencies. Bitfinex allows users to sell bitcoins for dollars, and then "withdraw" the money using Tether tokens. However, multiple critics ...
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Large Chinese property developers are raising funds to refinance their debt, as investors voice concern over borrowing in the sector and authorities clamp down on leverage. Country Garden, Longfor Properties and China Evergrande Group are among China's biggest property developers to have ...
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WEB
Most Cryptocurrencies Decline by Over 15% in Market Slump
Most cryptocurencies in the market fell by more than 15 percent, as major cryptocurrencies like Ripple, Cardano, Bitcoin Cash, and Stellar have fallen in the range of 12 percent to 16 percent. Analysts have demonstrated their concerns towards Ripple specifically, as it fell below the $1 mark for the ...
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