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Bitcoin hits new record brushing aside worries of potential bubble

Published time: 16 Dec, 2017 13:36 Leading virtual currency bitcoin blasted to another all-time high above $ 18,400 on Saturday. Traders are continuing to defy warnings of the risks of investing in the highly volatile and speculative instrument. The cryptocurrency has gained a staggering 1,800 percent this year. This month, bitcoin has climbed more than […]

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Russian oil pipeline company says its computers were hacked to mine cryptocurrency

Published time: 16 Dec, 2017 11:59 Officials at Transneft told Reuters on Friday its computers had been used for the unauthorized mining of the cryptocurrency monero. Monero is the eleventh-largest virtual currency with a market cap of over $ 5 billion. “Incidents where the company’s hardware was used to manufacture cryptocurrency have been found. It […]

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Death and taxes: In ruins of Greek economy unpaid debt more than half of GDP

Published time: 16 Dec, 2017 10:08 Statistics from the International Association of Pattern Recognition (IAPR) shows unpaid taxes in Greece currently make up more than 55 percent of the country’s GDP due to the inability of people to pay the rising taxes. Overdue debt to the state has reached nearly €100 billion with only €15 […]

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Russian Arctic route shipping to increase to over 100mn tons

Published time: 16 Dec, 2017 09:15 Cargo on Russia’s Northern Sea Route will grow in the coming decades, and the freight hauled will soon match the capacity of the country’s northern ports, according to the United Shipbuilding Corporation. Read more “The base scenario says that by 2030 the cargo, served by the Northern Sea Route, […]

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How long can Europe survive without Russian gas?

If Russian natural gas exports to Italy stop, the country will have only 15 days before the emergency situation, according to La Stampa. What is the scale of European dependence on the Russian gas? Can the US replace it? “In Italy, the share of Russian gas imports is about 37 percent. In Germany, it is […]

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China may take over gas project in Iran if France's Total pulls out

Published time: 15 Dec, 2017 11:17 Chinese energy giant CNPC could take over Total’s stake in a major Iranian gas project if the French company is forced to leave Iran over any new US sanctions, sources told Reuters. Read more Total signed the $ 1 billion deal to develop the South Pars gas field this […]

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PutinCoin surges 126% on cryptocurrency exchange

Published time: 15 Dec, 2017 10:39 Edited time: 15 Dec, 2017 10:51 A peculiar cryptocurrency named after the Russian president, PutinCoin, was among the best-performing digital assets on Friday. Read more PutinCoin was up 126 percent on the cryptocurrency exchange YoBit on Friday, trading at $ 0.04. The currency has a market cap of over […]

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Japanese company offers to pay its employees in bitcoin

Published time: 15 Dec, 2017 09:51 Employees of Japan’s web hosting company GMO Internet will get an opportunity to be paid for their work in bitcoin starting in February next year. Read more The internet service provider, operating a range of web-related businesses including finance, online advertising, and internet infrastructure, is planning to offer to […]

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'Perfect Storm' wreaks havoc on Europe’s energy market

The natural gas market in Europe suddenly got a lot tighter this week, with two unexpected supply outages wreaking havoc across the continent, forcing Italy to declare a state of emergency. The first incident that made big headlines was the crack in the Forties pipeline in the North Sea, which caused Brent crude oil prices […]

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India’s tax regulators crack down on major bitcoin exchanges

Published time: 14 Dec, 2017 14:38 The Indian Income Tax Department has raided bitcoin exchanges across the country seeking to identify crytocurrency traders. The raid was conducted because of alleged tax evasion by exchange customers, the Press Trust of India (PTI) reported. Read more Nine cryptocurrency exchanges have been inspected, according to the media, in […]

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