Apple’s co-founder Steve Wozniak has always been fan of cryptocurrencies but struggled with the broader blockchain trend, claiming it was just a bubble. But now there are signs that he’s had a change of heart after gaining a better understanding of everything blockchain… CLICK for complete article
The cryptocurrency shakeout is well upon us. The crypto market has crashed spectacularly from its January highs, managing to retain just a quarter of its peak value. Looking at the crypto global charts might lead you to believe that this is a zero-sum game since we are back exactly where we were before the crazy rally…. CLICK for complete article
Venezuela’s state-owned oil company PDVSA will start using the local cryptocurrency El Petro for all its transactions on August 20, President Nicolas Maduro said, as quoted by Sputnik. The president did not mention whether PDVSA’s business partners agreed with the change, yet the shift to a cryptocurrency in all of PDVSA’s business dealings is only part of a much bigger monetary overhaul…. CLICK for complete article
The Turkish Lira collapsed as much as 18% as Trump escalated his feud with Turkey over a detained US pastor.
The US wants Turkey to release protestant minister Andrew Brunson who is charged with “acting on behalf of two groups deemed by Turkey to be terrorists.” Brunson has been under house arrest in Turkey since October 7, 2016.
Erdogan demands the US return Turkish cleric Fethullah Gülen who is in exile in the US. Turkey accuses Gülen of terrorism. Charges of terrorism are ridiculous. Edrogan refuses to give the US evidence…. CLICK for complete article
Bitcoin (BTC) prices broke below the $7,000 support level late August 7 to hit lows on Wednesday, August 8 not seen since mid-July, as 99 out of the 100 coins on CoinMarketCap see red…. CLICK for complete article
The Australian dollar has been the worst performer among the world’s major currencies this year, dropping like a rock against most other currencies apart from the Swedish krona. AUD has weakened about nine percent against the U.S. dollar, currently changing hands at 73.91 cents against the greenback from the January high of 81.15 cents.
Despite the deep slide, the current optimism that the Aussie has found a bottom may be a tad premature…. CLICK for complete article