Home » Economy


Ripple boss says most cryptocurrencies heading to $0.00

Post Pic
In time most digital currencies will be worthless, according to the head of the centralized cryptocurrency ripple, Brad Garlinghouse. The majority of cryptocurrencies can’t be used as transactional currency, and they are being traded like assets, according to the CEO. Ripple and the company behind it are arguably the most criticized digital assets, as the whole idea of bitcoin as the first cryptocurrency... 

EU looking for expansion into former former Yugoslavia for the sake of disintegration

Post Pic
Brussels is launching a new wave of EU expansion. The initiative should, however, exclude Georgia, Ukraine and Moldova, even though the countries have been waiting for their “hour of triumph” for years and years. Instead, however, Brussels is going to invite fragments of the former Yugoslavia, including Kosovo, to join the EU. There are six contenders: Albania, Bosnia and Herzegovina,... 

Facebook bans all ads for cryptocurrencies, ICOs and binary options

Post Pic
Facebook Inc. on Tuesday said it is banning ads promoting bitcoin and other cryptocurrencies, as well as those about initial coin offerings (ICOs) and binary options. The social networking giant said in a blog that it is making the move because these are “financial products and services frequently associated with misleading or deceptive promotional practices.” “We want people to continue... 

Cryptocurrencies crash after India vows to BAN their use

Post Pic
Bitcoin and other major cryptocurrencies are falling substantially on Thursday after India announced a crackdown on their trading and circulation. The largest cryptocurrency, bitcoin, dropped over 12 percent below $9,000, the lowest level seen since November. The Indian Finance Ministry on Thursday made bitcoin illegal and announced an upcoming ban. “The government does not consider cryptocurrencies... 

Eurostat discovers that the EU has at least €12.5 TRILLION Debt

Post Pic
The 28 member states of the European Union (EU) have a total debt burden of €12.5 trillion, which could be even bigger, according to the latest figures from the EU statistics office, Eurostat. Data shows that in the third quarter of 2017 the EU’s debt-to-GDP ratio fell from 82.9 percent to 82.5 percent when compared with the same quarter of the previous year. Greece’s general government-debt-to-GDP... 

Gold price could hit $10,000 if US Dollar falls

Post Pic
A weak US dollar, a possible war between the US and North Korea or the impeachment of Donald Trump could result in one of the longest-ever rallies for gold, according to precious metals expert Jim Rickards. “This is gold’s breakout year. We are in the third bull market of my lifetime – and we have a very long way to run,” Rickards said in an interview to Kitco News. The reasons for... 

After reaching $20,000 in December, Bitcoin Plunges to $10,000

Post Pic
The cryptocurrency bitcoin plunged massively this week, dropping to $10,200 on Tuesday and sparking speculation on what could have caused the fall and whether the cryptocurrency is actually of any use. Bitcoin dropped to some $10,200 on the Bitstamp exchange earlier this week, as South Korean officials once again mulled the possibility of cracking down on the exchanges. At the time this article was... 

US “Aid” to Israel is Illegal

Post Pic
The untold billions of dollars of “aid” provided to Israel by America since 1976 has been illegal in terms of the US’s own law, which forbids aid to any nuclear-armed nation which is not a signatory to the Nuclear Proliferation Treaty (NPF). Sections 101 and 102 of the US’s Arms Export Control Act of 1976 (AECA) contains the specific provisions, and Israel has refused to sign the NPF despite... 

Over One Million Americans Receive ‘Trump Bonus’ or Raise Following Historic Tax Reform

Post Pic
Over one million American workers have already received bonuses or raises in response to President Donald Trump’s historic tax reform passing. The amazing news was announced in a statement from the White House Press Office on Friday evening. “More than one million hardworking Americans have already received a ‘Trump Bonus’ or ‘Trump Pay Raise’ as a result of the historic tax reform package... 

Jews angry Austria no longer wants Muslim invasion, call for boycotts

Post Pic
The chairman of the Israel-Austria Friendship Group in the Israeli Knesset, the official organization of Jews in Austria (Israelitische Kultusgemeinde), and the World Jewish Congress have all endorsed Israeli Prime Minister Benjamin Netanyahu’s boycott of Austria’s Freedom Party (FPÖ) because of its alleged “Nazi” past—even though Israel’s own citizenship laws are based on the Nazi’s... 

UK Could Introduce National Cryptocurrency in 2018

Post Pic
The Bank of England reportedly established a special research unit to study cryptocurrencies and could introduce the national cryptocurrency next year. The Bank of England could give an approval on introduction of the national cryptocurrency already in 2018, local media reported. The Telegraph newspaper reported Saturday that the Bank of England established a special research unit in February 2015... 

Trump accuses China of selling oil to North Korea ignoring US sanctions

Post Pic
Donald Trump has accused China of exporting oil to North Korea, in contravention of UN sanctions, after a media report alleged transactions between the two countries. Beijing has denied making illegal shipments. “Caught RED HANDED – very disappointed that China is allowing oil to go into North Korea. There will never be a friendly solution to the North Korea problem if this continues to happen!”... 

Russia sends large ship with LNG gas to keep Britons from Freezing

Post Pic
Russian tanker Christophe de Margerie has brought the first batch of liquefied natural gas (LNG) from Yamal to the United Kingdom. London had to urgently turn to Russian gas targeted by US sanctions due to supply outages. A global positioning service puts the tanker in Harwich on Wednesday, although it had previously shown the ship was heading for the Isle of Grain port in Kent, where there is a regasification... 

Germany: 95% of “Refugees” Not Working

Post Pic
More than 95 percent of all the Third World invaders claiming to be refugees in Germany remain unemployed and drawing welfare, while most of those who are employed are in state-subsidized “apprenticeships” or attending “integration classes,” new official figures have revealed. According to a statement by the Chief Executive Officer of the Federal Employment Agency (BA), Detlef Scheele, as... 

World’s richest become $1trn richer in 2017, make four times more than last year

Post Pic
The richest people in the world just can’t get enough. Greed at its finest. The world’s wealthiest people have become more than $1 trillion richer this year, earning four times more than in 2016, data collected by Bloomberg revealed. Chinese billionaires gained the most. In 2017, there was a 23 percent increase on the Bloomberg Billionaires Index, which ranks the world’s top 500 moneybags... 
Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.