The current account deficit for the 2016 fiscal year is expected to be half of that of the 2015 fiscal year. A CAD that is under control may bolster the case for the RBI to relax its gold trade restrictions late this year, said Pranjul Bhandari, HSBC’s Chief India Economist.
Coinzone to Launch a European Bitcoin Service with Banking Relationships
European Bitcoin payment processor Coinzone officially announced in a recent blog post that the company will be launching a Bitcoin wallet for its European customers. The announcement follows the recent launch of the company’s Bitcoin processing platform in the Czech Republic. Like many others, Coinzone’s Bitcoin wallet will allow users to send, receive, buy and sell bitcoin on both mobile platforms and web browsers. Currently, the company is focusing on building country-specific features to allow users to withdraw and deposit through local banks. CEO Manuel Heilmann stated, “We’ve developed Coinzone Wallet in response to an overwhelming demand from users seeking a wallet that stores their sensitive information locally in Europe.” Heilmann added that there is a growing European demand for […]
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Coinffeine Launches Technical Preview of Peer-to-peer Bitcoin Exchange
The Spanish Bitcoin startup Coinffeine has launched a technical preview of its peer-to-peer (P2P) Bitcoin exchange. For the first time in a P2P exchange, users can experience an automatic and secure exchange similar to that offered by traditional exchanges, but with all the advantages of the P2P. This version is intended to enable independent users and banks to try the application at an early stage, integrate it into their services and operate as Bitcoin exchanges. Anyone interested can download the application and, once it is installed, can begin to buy and sell bitcoin with other Coinffeine users. Although the Coinffeine Technical Preview is fully functional, they decided to go step-by-step in this early stage and distribute a version that is configured […]
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BitGold Announces a Bitcoin-like System for Gold Storage and Payments
BitGold Inc. has announced the public launch of the BitGold platform, a software service that connects gold storage with payment networks, resulting in a banking-like platform for gold. The announcement refers to the BitGold platform as a “new global operating system for gold.” In fact, BitGold is a digital payments platform that connects gold stored in real-world vaults with online payments. Though the BitGold press release emphasizes that BitGold is not a cryptocurrency like bitcoin, there are similarities. In particular, the BitGold platform allows for the quick settlement of gold trades so that a users’ gold is easily acquired and accessible across various payment networks such as SWIFT, Visa, MasterCard, Interac, SEPA, UnionPay, Discover, American Express and others – including […]
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Meet the Teacher Who Wrote the President — and Then Found Herself Shaking His Hand:
Every day, the White House receives thousands of letters and emails from across the country. Our job in the Office of Presidential Correspondence is to sort and read each message and make sure that President Obama hears directly from Americans about wh…
Weak metal prices hit British Colombian Mining Industry
British Colombian mining industry is facing another earnings headwind, impacted largely by falling prices for key commodities, particularly copper, steelmaking coal and Gold. The net income before taxes for British Colombian miners operating in the pro…
Weak metal prices hit British Colombian mining industry
British Colombian mining industry is facing another earnings headwind, impacted largely by falling prices for key commodities, particularly copper, steelmaking coal and Gold. The net income before taxes for British Colombian miners operating in the pro…
China One Step Closer to Becoming World’s Gold Hub
– Shanghai Gold Exchange one step closer to becoming the globe’s major gold hub – China tests system at Shanghai Gold Exchange (SGE) to establish yuan-denominated gold price fix – SGE opened last year allowing trade in physical gold as opposed to electronic futures contracts on COMEX – Yuan fix, which has broad regional support, […]
The post China One Step Closer to Becoming World’s Gold Hub appeared first on GoldCore Gold Bullion Dealer.
Israel’s Netanyahu races to form narrow coalition government
JERUSALEM (AP) — Israeli Prime Minister Benjamin Netanyahu was racing against the clock Wednesday to put together a governing coalition or else face an almost unimaginable scenario by which he would be forced out of office. Netanyahu was holding furious
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Kerry says he’ll discuss pause in Yemen war with Saudis
DJIBOUTI (AP) — Secretary of State John Kerry says he will discuss with Saudi Arabian officials how to implement a “humanitarian pause” in Yemen’s civil war. Kerry on Wednesday announced $68 million in new U.S. aid to help meet a
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