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Bitcoin and World Financial Markets Close Another Spectacular Week

Bitcoin’s price sustained its spectacular momentum by remaining within its all-time high range during the week ending October 27, 2017. At the same time, the Dow Jones rose for the seventh straight week, fueled by technology stocks. Among these stocks...

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King Salman Center to host meet to enhance humanitarian aid to Yemen

Author: 
GHAZANFAR ALI KHAN
Sun, 2017-10-29 03:25
ID: 
1509225978269925000

RIYADH: In a major move to boost the humanitarian response in war-torn Yemen, the King Salman Humanitarian Aid and Relief Center (KSRelief) will hold a high-level meeting of major stakeholders including ministers and UN officials in Riyadh on Sunday.
A KSRelief statement said that “the focus will be mainly on how to enhance humanitarian response in Yemen.” About 300 delegates including ministers, planners, politicians, heads of UN agencies besides top Saudi and Yemeni officials will attend the Riyadh meeting.
“The meeting will be addressed by top Saudi, Yemeni and UN officials including Dr. Abdullah Al-Rabeeah, supervisor general of KSRelief and adviser at the royal court; Dr. Abdulmalik Al-Mekhlafi, Yemen’s deputy premier and minister of foreign affairs; Sir Mark Lowcock, UN under-secretary for humanitarian affairs,” said the statement.
A few other prominent speakers at the KSRelief meeting are Abdul Raqeeb Fatah, Yemeni minister of local administration and the chairman of the Supreme Committee for Relief in Yemen; Kelly T. Clements, UNHCR deputy commissioner; and Elisabeth Rasmusson, WFP assistant deputy director. The KSRelief, which is organizing this meeting, has spent $8.2 billion on aid for Yemen since its opening in 2015.

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Daily Market Report for October 28 2017

October 28 2017 KRAKEN DIGITAL ASSET EXCHANGE $58M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP  BTC $5,781 ↑0.30% $29.8M BCH $390.18 ↑8.79% $9.33M ETH $295.4 ↓0.25% $8.39M ZEC $237.2 ↓2.65% $2.41M XRP $0.1994 ↓0.74% $2.12M ETC $10.29 ↑0.49% $1.64M LTC $54.63 ↓0.87% $1.36M USDT $1.00 →0.00% $970,638 DASH $272.6 ↓3.07% $724,485 XMR $86.39 ↓0.54% $443,727 XLM $0.0319 ↓8.21% $317,174 ICN $1.175 ↓2.91% $147,301 EOS $.54 ↑3.85% $137,683 REP $17.31 ↑0.23% $87,955 MLN $60.40 ↑1.00% $74,899 GNO $70.9 ↑0.47% $31,102 Visit the About section on our blog for more information about the Kraken Daily Market Report here.

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Wall Street Hedge Funds Rush to Cryptocurrencies, 90 Bitcoin-Like This Year Alone

Wall Street Hedge Funds Rush to Cryptocurrencies, 90 Bitcoin-Like This Year AloneAutonomous Next, a leading financial technology (fintech) research provider, disclosed to CNBC how 124 hedge funds are invested in crypto assets such as bitcoin. With over 2 billion USD under management, it appears, despite some well-documented Wall Street naysayers, the world’s most popular cryptocurrency is convincing money managers the time is right to invest. Also […]

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Craig Wright Claims Ethereum’s Mutable Blockchain is Perfect for the CryptoRuble Project

Craig Wright is desperately trying to remain relevant these days. His latest comment on Twitter creates a lot of bad blood, to say the least. At the same time, there may very well be a hidden truth in the message. No one can deny Ethereum isn’t an immutable blockchain any longer. They lost that claim … Continue reading Craig Wright Claims Ethereum’s Mutable Blockchain is Perfect for the CryptoRuble Project

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Craig Wright Claims Ethereum’s Mutable Blockchain is Perfect for the CryptoRuble Project

Craig Wright is desperately trying to remain relevant these days. His latest comment on Twitter creates a lot of bad blood, to say the least. At the same time, there may very well be a hidden truth in the message. No one can deny Ethereum isn’t a...

The post Craig Wright Claims Ethereum’s Mutable Blockchain is Perfect for the CryptoRuble Project appeared first on Forex news forex trade.

Mnuchin Says White House Is “Focused On Finding A Successor To Yellen”

President Donald Trump is a showman whose love for spectacle has transformed even mundane personnel decisions into elaborate pageants - as the New York Times pointed out last night.

And of all the turmoil in the administration's process of hiring, and firing, employees, nothing has quite underscored this fact more clearly than Trump's quest to select Fed Chairwoman Janet Yellen's successor before he term ends in February.

In the race to rack up the largest number of “scoops” during the meandering “will-he-or-won’t he” process, which has created a seemingly endless stream of stories about whom Trump might be leaning toward that day. In recent weeks, Politico and Bloomberg - or rather, their sources – have begun including a telling caveat: Until the final decision has been made, everything we’ve reported is subject to change.

Which brings us to the latest news. Reuters and CBS both reported late this week that Trump has ruled out asking Yellen to stay on for another term. Despite “collaborating” to push stocks to record highs, Yellen is a vestige of the Obama-era – and that alone probably sealed her fate, despite reportedly meeting with both Trump and his daughter Ivanka.

And while Trump said during an interview with Maria Bartiromo last week that he might announce both the chair and vice-chair positions at the same time, Treasury Secretary Steven Mnuchin – who’s nominally running the selection process for the administration – told reporters on Saturday that the administration is focused on finding a successor for Yellen, and that filling Fischer’s seat would need to wait, Bloomberg reported.

As things stand now, Mnuchin reportedly favors Fed Gov. Jerome Powell, and Mike Pence favors Stanford Economist John Taylor. Kevin Warsh, meanwhile, appears to have been sidelined thanks in part to a longrunning feud with Fed Gov and Trump pick Randall Quarles.

Powell, a Republican who was appointed to the board in 2012 by President Barack Obama, has backed Yellen’s dovish approach to Fed policy, but prefers a lighter touch when regulating banks – a clear advantage over his current boss. Whoever the next Fed chair might be, Trump will need the supposedly independent central bank to keep interest rates low so as not to choke off the yearslong market rally that Trump has hailed as incontrovertible evidence of his success as commander in chief. Taylor, the progenitor of the so-called “Taylor rule”, might be more aggressive than Powell, which could be a problem.

On Friday, White House press secretary Sarah Sanders said the president will announce his pick "next week." Of course, the White House had previously hinted that it might have a decision this week. When trying to pin down expectations for when the announcement might arrive, reporters haven’t been able to do much better than “soon”.

Thanks to a spate of resignations, Trump will have the opportunity to fill no fewer than four of the seven seats on the Fed’s board of governors – including both chairman and vice chairman positions.

But regardless of whom Trump chooses or how many picks he decides to unveil at once, the president is clearly reveling in the process. In a video posted to the president’s Instagram on Friday – which he later tweeted out – Trump assured America that whoever he picks will *hopefully* do a great job. He added that he has "somebody specific" in mind.

 

Big announcement next week! Together, we will MAKE AMERICA GREAT AGAIN! #USA

A post shared by President Donald J. Trump (@realdonaldtrump) on

Oct 27, 2017 at 1:42pm PDT

 

   We imagine it's only a matter of time before NBC launches "Celebrity Apprentice: Fed Chair Edition"...   
 

 

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