Business

Bitcoin prices were manipulated

Bitcoin prices were manipulated

By mapping the blockchains of Bitcoin and Tether , we are able to establish that entities associated with the Bitfinex exchange use Tether to purchase Bitcoin when prices are falling. As CCN reported , Tether has increasingly come under scrutiny as the tether token's market cap has swelled over the past calendar year. The published study states that the researchers used "algorithms to analyze the blockchain data, we find that purchases with tether are timed following market ...


Cheaper 6.1-inch iPhone in the works

Cheaper 6.1-inch iPhone in the works

The triple lens rear camera is said to come with 3D sensing and improved zoom functionality. If the report is to be believed, the 6.1-inch LCD iPhone could cost lower than the iPhone 8 starting at $600, CNET reported on Sunday. As per the Forbes report, the iPhone X Plus will have a 6.5-inch OLED display, and might sport a vertically-stacked triple camera configuration.


Fed Lifts Interest Rates, Expects 3.6% Unemployment

Fed Lifts Interest Rates, Expects 3.6% Unemployment

Interest rates on new fixed-rate mortgages could also climb. Announcing the decision to increase its target for the fed-funds rate to a range of 1.75% to 2%, the Fed described the United States jobs market as "strong" and said economic activity had been rising at "a solid rate".


Trudeau on Trump: we support North Korea efforts, won't engage on comments

Trudeau on Trump: we support North Korea efforts, won't engage on comments

Navarro's comments came after Trudeau said Canada would push back on tariffs that Trump plans to impose on Canadian steel and aluminum. Ralph Goodale, Canadian public safety minister and former finance minister, applauded President Trump for reaching a deal with North Korean leader Kim Jong Un to denuclearize the Korean Peninsula.


Fed Raises Interest Rates, Signals Faster Hikes on the Way

Fed Raises Interest Rates, Signals Faster Hikes on the Way

Given how easy financial conditions are at present, particularly against a backdrop of ultra-low unemployment, faster economic growth, and building wage and inflationary pressures, it wouldn't surprise if some FOMC members up their year-end forecasts for interest rates, something that would likely see the median rate hike forecast lift from three to four moves this year .


Trump bashes OPEC for 'high' oil prices

Trump bashes OPEC for 'high' oil prices

Benchmark Brent crude oil was down 35 cents at $75.53 a barrel by 0730 GMT. US light crude CLc1 was up 40 cents, or 0.6 percent, at $66.76 a barrel. Trump tweeted on Wednesday: "Oil prices are too high, OPEC is at it again". Prices have risen around 60 percent over the a year ago. "This is the most political OPEC meeting in a long time", said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd.