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Volcker Rule Ushers in Era of Increased Oversight of Trades

Finally, the Volcker rule is being implemented, after 3 years of debate and modifications.  Although it’s not as originally proposed, today is the first day the rule is being enforced.  It’s questionable though, how much this rule will actually impact the markets.  Banks are now not doing proprietary trading, but other entities will.  What this […]

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Bitcoin crashes back down to $576 as Wall St. notices

Bitcoin has crashed to $576 and recovered a bit, all in a matter of days, down from it’s high by more than 50%. It was inevitable that a few short days after Wall Street lovingly embraced Bitcoin as their own, with analysts fromBank of America, Citigroup and others, not to mention the clueless momentum-chasing, peanut gallery vocally […]

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Bitcoin selling off as Baidu halts Bitcoin payments

Bitcoin being sold off as Baidu halts payments due to ‘value fluctuation’ – another ding in the credibility of the new digital crypto currency. Bitcoin is being sold aggressively on heavy volume as this headline hits: *BAIDU SUSPENDS BITCOIN PAYMENT ACCEPTANCE ON VALUE FLUCTUATION And the official, google-translated announcement from the BIDU website [4]:  [5] This is […]

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Future of Eurozone looking bleak without reforms

Europe’s prospects continue to look bleak.  With some youth unemployment rates around 50%, it’s hard to imagine how a new generation of European workers will participate in any recovery.  Europe’s overall unemployment figures are still well higher than in the US, even considering that US numbers are not a true reflection of real unemployment in […]

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Central Bank of China imposes Bitcoin restrictions for financial institutions, price falls

The PBOC said explicitly that it’s now forbidden for financial institutions to develop any business related to Bitcoin.  But they left it open that the public is free to participate in such transactions, so long as they bear the risk. FT adds: The Chinese regulators noted three main risks. First, they said Bitcoin was an […]

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