Top Stories

Venezuelan opposition declares Petro cryptocurrency illegal

One of two opposition lawmaking groups in Venezuela has ruled that the country’s domestic laws do not allow President Nicolas Maduro to issue a national virtual currency. The petro cryptocurrency, backed by the nation’s energy resources, has reportedly raised $ 735 million since it debuted last month, and marks the first time that a country has launched a blockchain-run form ...

Read More »

Coca-Cola breaks with tradition to produce its first alcoholic drink

The Coca-Cola beverage company is set to launch its own brand of alcopop drinks in Japan. It will be the first alcoholic drink produced by the company in its 125-year history. Coca-Cola will make “Chu-Hi” drinks, which are canned beverages that contain alcohol. The alcohol content of Chu-Hi alcopops ranges from 3 percent to 8 percent, and their popularity has ...

Read More »

Flying taxis running on blockchain? Sounds impossible, but it could be the future

Published time: 6 Mar, 2018 14:59 RT’s Cryptolium and Miguel Francis-Santiago head to Silicon Valley for the latest on blockchain. The guest is Guy Kawasaki, the original evangelist of Macintosh computers and one of the first Apple employees. [embedded content] Let’s block ads! (Why?) RT Business News

Read More »

Imminent collapse of US dollar & other major currencies will push gold to $10,000 – bullion analyst

An ounce of gold will cost $ 10,000 as soon as global currencies crash and central banks have to appeal to a gold-backed monetary system, according to Byron King, editor of Jim Rickards’ Gold Speculator. Read more “If you take the global money supply, back it with 40 percent gold, you need $ 10,000 gold to make the math work, ...

Read More »

‘Dr Doom' blasts blockchain as 'one of the most overhyped technologies ever'

The technology behind cryptocurrencies, blockchain, is unlikely to replace the existing systems used by banks, according to economist Nouriel Roubini, who is known as ‘Dr Doom” for his pessimistic predictions. In an opinion piece on the Project Syndicate website, Roubini said that “In reality, blockchain is one of the most overhyped technologies ever.” He added that many people are confusing what it ...

Read More »

Bitcoin more likely to belly-flop than see further growth – economist

In a decade, the world’s number one virtual currency, bitcoin, will probably see a dramatic drop due to its limited range of uses, according to Harvard University professor and economist Kenneth Rogoff. “I think bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now… I would see $ 100 as ...

Read More »

Major cryptocurrency exchange accused of insider trading

Coinbase cryptocurrency exchange is facing a lawsuit for alleged insider trading. The company is accused of making money on bitcoin cash illegally. Read more The price of bitcoin cash, which is a spin-off from the original bitcoin, surged almost $ 1,000, when Coinbase announced on December 19 it would start trading in the cryptocurrency. The lawsuit claims some insiders knew ...

Read More »

Committed investments in Russia’s Far East exceed $63bn

The special economic zone and preferences in Russia’s Far East have warmed foreign investor interest in the region, according to Deputy Prime Minister Yury Trutnev. Talking during the Day of the Korean Investor in Vladivostok, he told TASS that more than 1,200 investors have already benefited from the preferences. Read more He said that 18 priority development territories, as well ...

Read More »

Cold snap could cost British economy £1bn per day

The UK economy is losing nearly £1 billion ($ 1.4 billion) daily due to an unusually cold winter, which is threatening to put the brakes on the country’s GDP growth in the first three months of the year. This winter is likely to become the costliest weather event since 2010, according to analysts quoted by The Guardian. The country has ...

Read More »

Moscow wants BRICS development bank to invest in Africa

BRICS countries are major investors in Africa, according to Russian Foreign Minister Sergey Lavrov, who said Moscow expects the bloc’s New Development Bank (NDB) to operate on the continent. Talking to the pan-African monthly Hommes d’Afrique magazine, Lavrov said that “currently the bank is in its infancy.” “We expect it to operate not only in the Republic of South Africa ...

Read More »
Show Buttons
Hide Buttons
error: Content is protected !!