Bridging Gaps Between the Major Cryptocurrency Paradigms

n There is a lot of room for different currencies to flourish, but those that offer interoperability and compatibility stand to become major players in their own right. Hcash, by aiming to allow for harmony between different paradigms and currencies, might be able to carve out a significant market share for itself.n

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New Zealand data – Retail card spending (Sep.): +0.1% m/m (expected +0.7%)

A big miss for retail spending
Retail +0.1% m/m
– expected +0.7% m/m, prior -0.2%
– Spending fell in four of the six retail industries in September
– The largest movements came from sales of goods including appliances and furniture (durables), down $15 million or 1.2 percent, offset by grocery and liquor sales (consumables), up $15 million or 0.8

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Competition Stiff Among Companies Using Blockchain to Disrupt Apps Market

n How Blockchain-based companies are trying to profit from the market that is to reach $6.3 tln by 2021.n

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Chevron, Total Waiting In The Wings As Shell Mulls Majnoon Exit

Chevron and Total SA are interested in working at Iraq’s Majnoon oil field that Shell says it wants to exit, but no talks with the U.S. or French company have taken place since Iraq is still in talks with Shell, Iraqi Oil Minister Jabbar Al-Luiebi said on Monday.   “Until now, we are still in talks with Shell, and no decision has been made in relation to exiting the Majnoon field,” Bloomberg quoted Al-Luiebi as telling reporters in Baghdad. Iraq hopes to “reach a satisfactory deal for the two parties,” according…

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Technical Analysis Ripple and Bitcoin Rise More as BTC Dominance is Back

&8230nThe post Technical Analysis Ripple and Bitcoin Rise More as BTC Dominance is Back appeared first on CryptoCoinsNews.n

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Bitcoin Price Surpasses $4,620, Analysts Optimistic in Strong Rally Toward $6,000

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Oil Giants At Odds As Saudi, Russian Ties Improve

Oil Royalties Saudi King Salman bin Abdulaziz Al Saud visited Moscow last Wednesday, the first such visit by a Saudi monarch since the Soviet Union collapsed. Two topics dominated the agenda: Syria and oil. Saudi Arabia has likely found itself in the uncomfortable position of accepting Assad’s grip on power into the future in hopes of drawing Russia further away from Tehran in trying to resolve the Syrian Civil War. To that end, Saudi Arabia is reportedly buying Russia’s S-400 missile system and signed a Memorandum of Understanding…

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Has The Bear Market In Oil Finally Ended?

Following the 17-month bear market that ended in March 2009, one of the longest-running bull markets in U.S. history began. The current bull market is the second longest streak on record without a 20% drop in the S&P 500. But the performance across the S&P 500 sectors has been uneven. When oil prices collapsed in the second half of 2014, the energy markets entered a bear market even as the broader markets continued to prosper. Although the energy sector rebounded in 2016, the fundamental reasons that led to the energy bear market hadn’t…

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The Capital Of Coal Is Looking For Other Options

SHANGHAI (Reuters) – Taiyuan, the capital of China’s northern province of Shanxi, which is known for its coal production, has banned the sale, transport and use of most coal as it tries to cut air pollution, the state news agency Xinhua reported on Monday. The ban took effect from Sunday, restricting companies and individuals “other than major steel and power plants” from selling, transporting or burning coal in the urban area of Taiyuan, it said. The ban was expected to cut coal use by more than 2 million tonnes, or 90…

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Forexlive Americas FX news wrap: Dollar little changed in holiday trading

Forex news for New York trading on Friday, October 6, 2017
In other markets today:
– Spot gold is trading at $1284.91, up $8.30. A general flight into safety bid

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