Tag Archives: Financial Companies

China Bites Into Bitcoin

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Bitcoins were worth nothing in 2009, when the digital cryptocurrency was first minted on the computer of its mysterious creator, Satoshi Nakamoto, who claimed to live in Japan. Four years later the...
    






Why 2014 Could Be An Explosive Year For Japanese Stocks

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Source: Bigcharts.com On December 5th, I published an update in which I showed an important resistance level at 16,000 that needed to be broken above for further confirmation of the bull market....
    






Return to Cinda: What Does Its IPO Say About China’s Financial Reform?

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What to make of the recent IPO in Hong Kong by one of China’s so-called “bad banks”? Cinda Asset Management Company raised US$2.5 billion on an offering 161 times oversubscribed by Hong Kong retail...
    






Financial Companies Banned from Making Bitcoin Transactions in China

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After a near 100% increase in the value of Bitcoin, the Chinese government banned its use by financial firms. The result was that the crypto-currency fell by 20% and now stands at $1000 on the...