Thomas Jordan, the chairman of the Swiss National Bank (SNB) spoke out on cryptocurrencies on Thursday. Speaking at an event in Basel, Jordan, who also chairs the international Central Bank Counterfeit Deterrence Group, said that central banks are eyeing the issues of cryptocurrencies "very intensively," adding, "I would look at them more as an investment than a currency." According to Reuters report, Jordan noted: "It is important to say it is not question of technology, but a question of who has access to central bank money and in what form. There are up to now many unsolved questions."
This Monday I was at Lantern Fund Forum of Lugano, and the main speaker was John Mauldin. One of his main reflections was on how it is possible to manage money in a world where central banks and governments buy assets massively and indiscriminately, without assessing the value of what they buy.
While the stock market seems to be hiccupping and frightening the bulls, the turmoil in Saudi Arabia has attracted the notice of the financial world because the agreement between Saudi Arabia and the US regarding the use of the dollar as the preferred currency for oil transactions may be coming to an end or at least about to be changed significantly. The rapprochement with China and Russia has received widespread publicity, and MBS, the Crown Prince, is bent on bringing change and progress to the Kingdom. Allowing women to drive provided that they are accompanied by a family member is revolutionary for the Middle East country. One can therefore assume that MBS is serious about his undertaking to bring the future closer and establish a new modern city in the desert.
Russia is ready to discuss an extension of a global deal between OPEC and other countries to cut oil output in Vienna on November 30, TASS news agency quoted the Energy Minister Alexander Novak as saying on Friday. The Organization of the Petroleum Exporting Countries, Russia and several other major producers cut their combined output by about 1.8 million barrels per day since January to reduce bloated inventories and boost oil prices.
In line with expectations, the cable continued to gradually moving to the bottom after making a rebound from the upper edge of a currently active ascending channel that was additionally secured by resistance line at the 1.3338 mark. In first hours of this trading session the pair managed to bypass the weekly R1 at 1.3300 and the 55-hour SMA at 1.3293, which suggests that the rate is likely to reach the opposite side of the channel by the end of the day.
Switzerland said Thursday it will provide more than a billion dollars in development aid to the European Union, as Bern seeks to stabilise its messy ties with Brussels. The 1.3 billion Swiss francs ($1.32 billion, 1.1 billion euros) will be spread over ten years and will target lower income countries in central and eastern Europe, a statement said. The funds are "intended to reduce economic and social disparities in Europe, which is in Switzerland's economic and political interest", it said.
On November 23, Ethereum price reached a new all-time high above $400 barrier, currently trading at $400.84 nearly 10% from yesterday, according to the CoinMarketCap. With its recent surge in price, the market valuation of Ethereum has moved closer to the $40 billion mark, a market cap that is larger than seven of the 10 largest cryptocurrencies in the market combined, with the exception of bitcoin and Bitcoin Cash.
In 2012, Washington and Colorado became the first states to legalize recreational marijuana use. By 2020, it’s expected that marijuana will grow to a $21 billion a year industry. ETF investors who have been clamoring for a good way to get in on the cannabis trend have largely been unserved. There’s the recently launched Horizons Marijuana Life Sciences ETF (HMMJ) but that only trades on the Toronto Stock Exchange. That’s about to change as the ETFMG Alternative Agroscience ETF is scheduled to begin trading later in December.
Large natural catastrophe losses in 2017 and current low prices are expected to push up pricing in non-life insurance and reinsurance, according to Swiss Re Institute’s Global Insurance Review 2017, and Outlook 2018/19 report. The string of natural catastrophes in the second half of 2017, including hurricanes Harvey, Irma, Maria, earthquakes in Mexico, and wildfires in California, could cost the industry an estimated US$95 billion and lead to a combined ratio in the U.S. property and casualty insurance sector during 2017 of 109 percent, up from 101 percent in 2016.
Criptovalute e Blockchain Possiamo ignorarle? Rischi e opportunità dietro al boom delle monete
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