World

Cryptocurrencies and The Dangers of Hyperinflation

Cryptocurrencies and The Dangers of Hyperinflation

The biggest danger of the cryptocurrency bubble is not speculator losses but hyperinflation. As values of virtual currencies increase and they gain acceptance in commerce, the danger of hyperinflation that will damage economies worldwide is also increasing.  According to coinmarketcap.com there were 886 mineable currencies in circulation with a total capitalization of about 142.5 billion USD […]

Bunnings says its losses in the UK are about to get even worse

Bunnings says its losses in the UK are about to get even worse

Bunnings’ jaunt into the United Kingdom and Ireland is about to get tougher, with parent company Wesfarmers saying that the heavy losses the hardware chain is running up will get worse before they get better.   Wesfarmers bought the British chain Homebase for $705 million last year, and said it would spent up to a $1 billion re-branding […]

Bitcoin’s price drops after report China may shut down exchanges

Bitcoin’s price drops after report China may shut down exchanges

The price of bitcoin fell sharply after a report China’s regulators are planning a further crackdown on the digital currency. Bitcoin and altcoins have dropped up to 25% in hours after rumors surfaced. Local outlet Caixin is reporting the Asian country is planning to shut down local bitcoin exchanges, according to a Google translation.  Bitcoin’s price fell 7 percent […]

Bullishness on China sends copper soaring

Bullishness on China sends copper soaring

Copper’s many applications have made the metal a widely checked barometer of economic health.  TOKYO — Copper prices have surged in recent weeks amid growing optimism about the economic outlook for China and the world, but some warn that the rise has outstripped real demand and a correction could be in the offing.  A rally […]

North Korea tensions spook share market

North Korea tensions spook share market

The Australian share market is trading lower at noon as the rising geopolitical tensions following North Korea’s latest nuclear test spook investors across the region.  The benchmark S&P/ASX200 stock index was down 0.39 per cent at 5,702.2 points, with all sectors other than materials, gold and telcos weaker.  Markets in Japan, South Korea, Singapore and […]

Why Bitcoin Cash miners are Losing Money Doing It

Why Bitcoin Cash miners are Losing Money Doing It

Over the weekend, the bitcoin cash blockchain experienced a notable technical change.  Like the bitcoin blockchain from which it forked, bitcoin cash is hard-wired to adjust how hard it is for miners to claim its rewards, and on Saturday, it saw such a change. As a result, bitcoin cash was made 300% more difficult to mine.  This, in […]

Apple shares soar healthy iPhone sales

Apple shares soar healthy iPhone sales

Apple Inc on Tuesday delivered surprisingly strong fiscal third-quarter earnings and signaled that its upcoming 10th-anniversary phone lineup is on schedule, driving the stock up 6 percent to an all-time high in after-hours trading. The stock climbed above its intraday record high to $159.10 after the company reported better-than-expected iPhone sales, revenue and earnings per […]

Facebook shuts down AI experiment after Glitch

Facebook shuts down AI experiment after Glitch

A pair of chatbots has recently done something children often do: create a secret language.  Last month, researchers at Facebook found two bots developed in the social network’s AI division had been communicating with each other in an unexpected way. The bots, named Bob and Alice, had generated a language all on their own:   Bob: “I […]

Will amazon fall from grace?

Will amazon fall from grace?

Amazon is reinvesting the cash from its massive revenue-generating machine into getting even bigger.  World domination doesn’t come cheap.   Indeed the fact that Amazon is even suggesting that its third-quarter operating income (from July to September) could fall into negative territory by up to $US400 million ($502 million) is even scarier.  Amazon’s founder, Jeff Bezos, could […]

Mastercard Expands into QR Payments

Mastercard Expands into QR Payments

Mastercard (NYSE:MA) today outlined plans for greater choice in retail payments through the planned expansion of its QR-based programs.choice in retail payments through the planned expansion of its QR-based programs.   “We look forward to the adoption of the EMVCo global QR standards. In the meantime, we’ll continue to work with our customers and partners to […]

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