The International Currency Exchange (ICE) said that it had run out of Turkish lira on Tuesday, after a surge in demand as an unprecedented number of Britons travel to Turkey to make the most of the weak Lira.
The two-decade-long dispute on the statute of the Caspian Sea came to an end Sunday when five littoral states (Russia, Iran, Turkmenistan, Kazakhstan and Azerbaijan) agreed to give it a special legal status - it is now neither a sea, nor a lake...
"At the very least, crypto-currencies can protect us from the problem of policy makers taking advice from academics with zero real world experience like Krugman and enacting policies to implement their hare-brained economic models..."
A new month begins on the back foot after a fresh escalation in the US-China trade war, more PBOC intervention to calm markets, a Japanese bond rout as the BOJ did not intervene to calm markets, and a Fed meeting.
European and Asian stocks jumped and US equity futures climbed for a third day on Tuesday, following blowout earnings from Google and as China unveiled plans to launch fresh fiscal stimulus to support the world’s second-largest economy.
"Bitcoin will never go to zero because it is a hedge against falling currencies, inefficient economies and increasingly systemic inequality. Bitcoin represents the currency of a better future for society, and people will always invest in their future."
The combination of ultra-low interest rates and vast monetary expansion, she explains, has caused “speculation to rage... much as a global casino would be abuzz if everyone gambled using everyone else’s money...”