Price-Stable Cryptocurrency Project ‘Basis’ Raises $133 Million in FundingBasis, formerly Basecoin, has raised $133 million in a private placement, chief executive Nader Al-Naji revealed today. The Hoboken, N.J.-based project plans to create a stable cryptocurrency with an algorithmic central bank that will keep the price stable, something that has eluded cryptocurrency to date and limited… Read More »
Crypto Investment Firm Founder Turns Bullish on Bitcoin CashWith all of the attention on the movements in the bitcoin price, now could be the time to get your hands on BTC spinoff Bitcoin Cash, one trader says. Brian Kelly, founder of Investment firm BKCM, tells CNBC the technical signs including a possible breakout are pointing to an opportunity in Bitcoin… Read More »
More of the same from the Bank of Canada (BoC) may curb the recent decline in USD/CAD as market participants scale back bets for an imminent rate-hike.
The Pound Sterling earlier hit a 4-day trough against the US Dollar after the unexpected release of inflation data which failed to meet analysts’ expectations.
Oil prices were broadly higher on Wednesday, supported by a decrease in U.S. inventories and continued concerns about geopolitical tensions which could interrupt supply.
Perhaps the largest feather in U.S. President Donald Trump’s “hat” is the tax reform bill that was passed late in 2017.