|Cryptocurrency Daily Roundup - Feb. 19|
|Mon, 19 Feb 2018 12:40:51 GMT|
One of the leading figures from the cryptocurrency space has come out with a strong warning that prices could drop to near-zero at anytime, while credit card companies and payment processors are grappling with the problem of taxing cryptocurrency transactions. And a US watchdog has announced a bounty for those tipping off on crypto-related scams.
|Singapore Plans To Raise Goods & Services Tax|
|Mon, 19 Feb 2018 12:15:26 GMT|
Singapore plans to raise existing taxes to strengthen the city-state's fiscal footing to meet growing expenditure needs and to prepare for unforeseen events, Finance Minister Heng Swee Keat said in his budget speech on Monday. Heng said the government intends to lift the Goods and Services Tax by two percentage points, to 9 percent from 7 percent, sometime in the period 2021-2025.
|CFTC Offers Bounty To Whistleblowers On Pump-and-Dump Schemes|
|Mon, 19 Feb 2018 12:07:22 GMT|
The Commodity Futures Trading Commission (CFTC) has offered a reward to whistle-blowers who give information on Virtual currency and digital token "pump-and-dump" schemes. "If you have original information that leads to a successful enforcement action that leads to monetary sanctions of $1 million or more, you could be eligible for a monetary award of between 10 percent and 30 percent," CFTC said.
|Ethereum Creator Warns Cryptocurrency Prices Could Drop To Near-Zero At Anytime|
|Mon, 19 Feb 2018 10:40:05 GMT|
Vitalik Buterin, who is the founder of the Ethereum cryptocurrency, warned investors that prices of cryptocurrencies could fall to near-zero at anytime and added that traditional assets were the safest place to store savings. "Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time," Buterin said on Twitter on February 17.
|Latvia Central Bank Chief Detained By Anti-Corruption Bureau|
|Mon, 19 Feb 2018 10:35:56 GMT|
Bank of Latvia's President Ilmars Rimsevics was arrested by his country's anti-corruption bureau as part of a criminal investigation on Sunday. Prime Minister Maris Kucinskis announced that the Corruption Prevention and Combating Bureau (KNAB) has "applied a status of the detained to the President of the Bank of Latvia within the framework of criminal proceedings."
|Asia trades mostly higher as markets in Greater China remain on holiday|
|Mon, 19 Feb 2018 07:04:00 GMT|
Most Asian markets rose while the dollar remained relatively stable against a basket of currencies.
|Thai GDP Growth Slows In Q4|
|Mon, 19 Feb 2018 06:47:20 GMT|
Thailand's economy expanded at a slower pace at the end of 2017 but the full-year growth was the fastest in five years. Gross domestic product grew 4 percent year-on-year in the fourth quarter, slower than the 4.3 percent expansion posted in the third quarter, the National Economic and Social Development Board reported Monday. The rate was expected to remain at 4.3 percent.
|Oil hits 2-week high on share market recovery, Middle East tensions|
|Mon, 19 Feb 2018 01:45:00 GMT|
Oil prices hit their highest level in nearly two weeks though concerns of rising U.S. production tempered gains.
|Dollar edges higher after hitting 3-year low|
|Mon, 19 Feb 2018 01:18:00 GMT|
The dollar enjoyed a small rebound as investors bought back the greenback following its plunge to three-year lows.
|Santelli Exchange: Upside rate move may be losing steam|
|Fri, 16 Feb 2018 16:45:00 GMT|
CNBC's Rick Santelli reports on U.S. 10-year yields challenging their 2018 streak, stocks and central bank asset purchases.
|Santelli Exchange: Buybacks reach record high of $170.8 billion|
|Fri, 16 Feb 2018 15:45:00 GMT|
TrimTabs Founder Charles Biderman and CNBC's Rick Santelli discuss global market cap of stocks increasing $30 trillion to a record $80 trillion.
|U.S. Consumer Sentiment Unexpectedly Shows Significant Improvement In February|
|Fri, 16 Feb 2018 15:17:19 GMT|
Despite recent volatility on Wall Street, the University of Michigan released a report on Friday unexpectedly showing a significant improvement in U.S. consumer sentiment in the month of February. The preliminary reading on the consumer sentiment index for February came in at 99.9.
|U.S. Housing Starts Rebound Much More Than Expected In January|
|Fri, 16 Feb 2018 14:32:31 GMT|
After reporting a steep drop in new residential construction in the previous month, the Commerce Department released a report on Friday showing housing starts in the U.S. rebounded by much more than anticipated in the month of January. The Commerce Department said housing starts soared by 9.7 percent.
|Stocks close higher, S&P 500 post biggest weekly gain since 2013|
|Fri, 16 Feb 2018 14:30:00 GMT|
Stocks closed slightly higher, extending their winning streak to six days in a row, and posted strong weekly gains.
|Bank Of America Tops List Of Cryptocurrency Patents|
|Fri, 16 Feb 2018 14:18:55 GMT|
Bank of America has emerged as the company that has the most cryptocurrency patents in the world. The second-largest bank in the U.S. has so far applied for or received 45 patents for blockchain, the ledger technology used for verifying and recording virtual currency transactions, according to Bitcoin Patent Report. The Bank of America started filing patents for innovations in blockchain in 2013.
|U.S. Import Prices Jump More Than Expected In January|
|Fri, 16 Feb 2018 14:11:53 GMT|
Import prices in the U.S. jumped by more than expected in the month of January, according to a report released by the Labor Department on Friday, while export price growth also exceeded estimates. The Labor Department said import prices surged up by 1.0 percent in January.
|Berlin To Host BlockShow Europe 2018 In May|
|Fri, 16 Feb 2018 12:18:51 GMT|
Berlin will host BlockShow Europe 2018 on May 28 and 29. One of the biggest international conferences of blockchain technology, it will discuss Governmental Initiatives, insights from Central Banks, latest updates on worldwide Blockchain regulations and innovations in both European and Global Blockchain scenes. The conference is described as "Window to the Global Blockchain World."
|UK Retail Sales Grow Less Than Expected|
|Fri, 16 Feb 2018 11:42:29 GMT|
UK retail sales grew less than expected in January as high inflation squeezed consumer spending, figures from the Office for National Statistics revealed Friday. Retail sales rose 0.1 percent month-on-month in January, reversing a 1.4 percent drop in December. Nonetheless, this was slower than the expected 0.5 percent rise.
|Dollar limps up from three-year low after worst week in 9 months|
|Fri, 16 Feb 2018 11:12:00 GMT|
The dollar slipped to its lowest levels in more than three years against a basket of currencies on Friday.
|US stocks set to rise at the open after 5-day winning streak|
|Fri, 16 Feb 2018 10:13:00 GMT|
U.S. stock index futures posted solid gains ahead of Friday’s open, lifted by positive sentiment in domestic and international markets.
|Dollar weakness cannot go on: Pro|
|Fri, 16 Feb 2018 08:06:00 GMT|
"I think (the U.S. dollar) is getting to extreme levels, I think the interest rates will save it," says Giles Keating, managing director at Werthstein Institute.
|European Economics Preview: UK Retail Sales Data Due|
|Fri, 16 Feb 2018 06:46:37 GMT|
Retail sales data from the UK is due on Friday, headlining a light day for the European economic news.
|Santelli Exchange: Mixed market signals between the dollar, rates and the economy|
|Thu, 15 Feb 2018 16:45:00 GMT|
CNBC's Rick Santelli reports on the critical timing of central banks and their balance sheets.
|Commodities tomorrow: Crude finds $60 'sweet spot'|
|Thu, 15 Feb 2018 16:00:00 GMT|
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
|Santelli Exchange: Tipping point for treasuries|
|Thu, 15 Feb 2018 15:45:00 GMT|
Morgan Stanley's Jim Caron and CNBC's Rick Santelli discuss real versus nominal rates and the economy.
|U.S. Homebuilder Confidence Holds Steady In February|
|Thu, 15 Feb 2018 15:32:47 GMT|
Homebuilder confidence in the U.S. remained at a healthy level in the month of February, according to a report released by the National Association of Home Builders on Thursday. The report said the NAHB/Wells Fargo Housing Market Index came in at 72 in February, unchanged from January.
|Philly Fed Index Unexpectedly Indicates Faster Growth In February|
|Thu, 15 Feb 2018 15:18:43 GMT|
A report released by the Federal Reserve Bank of Philadelphia on Thursday unexpectedly showed a faster rate of growth in regional manufacturing activity in the month of February. The Philly Fed said its index for current manufacturing activity climbed to 25.8 in February.
|New York Manufacturing Index Indicates Slower Growth In February|
|Thu, 15 Feb 2018 15:07:43 GMT|
Manufacturing activity in New York grew at a somewhat slower rate in the month of February, according to a report released by the Federal Reserve Bank of New York on Thursday. The New York Fed said its general business conditions index fell to 13.1 in February.
|U.S. Industrial Production Unexpectedly Edges Lower In January|
|Thu, 15 Feb 2018 14:57:06 GMT|
Partly reflecting a decrease in mining output, the Federal Reserve released a report on Thursday unexpectedly showing a slight drop in U.S. industrial production in the month of January. The Fed said industrial production dipped by 0.1 percent after climbing by a downwardly revised 0.4 percent in December.
|U.S. Producer Prices Climb 0.4% In January, In Line With Estimates|
|Thu, 15 Feb 2018 14:42:42 GMT|
Following the release of a report on consumer price inflation on Wednesday, the Labor Department released a report on Thursday showing producer prices in the U.S. rose in line with economist estimates in the month of January. The Labor Department said its producer price index for final demand climbed by 0.4 percent.