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Stocks headed for their best week in five years, as investors backed out of high-yield corporate debt.
L.A. Times – Business
Half a percentage point doesn’t sound like a lot. But that increase for the consumer price index in January was nearly twice the rate experts were expecting Wednesday morning — and it was more than enough to fuel investors’ inflation fears.
Inflation has stayed remarkably tame since the recovery…
The Beverly Hills attorney set to lead the IRS likes magic tricks — he’ll need a few to run the agencyFebruary 13, 2018 | dailybusinessnews
The Internal Revenue Service this year will have to write and interpret a bevvy of rules as the agency implements the most sweeping set of changes to the tax code in a generation.
And leading the agency through that process could be an IRS commissioner with a resume quite unlike those of his predecessors.
Wall Street’s worst week in almost seven years is ending with more turmoil. More than $ 5 trillion of value has been wiped out in the five-day global stocks meltdown, officially a market correction. Here’s what you need to know about financial markets heading into Friday.
Is the 30-year run of falling…
L.A. Times – Business
The stock market is all about numbers, and the biggest one to remember in the wake of this month’s steep losses is 10.
When a stock index declines 10% from its recent high, that’s considered a market correction.
After plunging more than 1,000 points on Thursday for the second time this week, the…
The 2018 Winter Olympics are set for February 9-25. Here’s a quick guide, including location, new events, venues, how to watch the Games, the mascot and ticket sales. Competitions will be held at 13 venues for the Winter Games. For the first time, TV viewers in all US time zones will have access to live coverage of the Games, instead of a delayed replay.
CNN.com – RSS Channel – World
The next fight over the debt limit could take place earlier than anticipated.
The Republican tax bill could force Congress to act sooner to raise the nation’s $ 20.5-trillion borrowing ceiling because less money is expected to flow into the Treasury in coming weeks.
On top of that, the possibility…
French Finance Minister Bruno Le Maire announced on Sunday December 17th that the next Group of 20 (G20) meeting would include discussion about how to regulate the world’s most popular cryptocurrency, bitcoin. The digital asset hasn’t ceased in making news all year, and European politicians appear more concerned in direct proportion to its price increase, as shown by the EU legislative body urging strict compliance laws upon coin exchanges this week. The G20 establishing regulatory frameworks, however, would spread across the world and have enormous impact.
A G20 Discussion All Together on the Question of Bitcoin
Speaking to La Chaîne Info (LCI), French Finance Minister Bruno Le Maire declared: “I am going to propose to the next G20 president, Argentina, that at the G20 summit in April we have a discussion all together on the question of bitcoin.”
The G20 includes central bankers and leaders from 19 countries and the European Union, spanning the entire globe: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, and the United States.
“There is evidently a risk of speculation,” Mr. Le Maire continued. “We need to consider and examine this and see how…with all the other G20 members we can regulate bitcoin.”
That bitcoin would make it into the agenda is nothing short of jaw-dropping. G20 nations soak up more than eighty cents on every economic dollar around the world in terms of trade and productivity.
Mr. Le Maire was wrapping his session at the One Planet Summit in Boulogne-Billancourt this week. The week prior, the Finance Minister seemed to welcome bitcoin and its undergirding technology, blockchain. “The use of this new technology will allow fintech firms and other financial actors to develop new ways of trading securities that are faster, cheaper, more transparent and safer,” he said, referencing new rules to allow for trading unlisted securities. These would add “another asset for Paris’ attractiveness as a financial center” he was quoted as saying.
A Delicate Tango
Indeed the Macron government has largely been viewed as neoliberal, reordering France’s clunky and notorious bureaucracies toward less regulation.
The first scheduled calendar meetings at the Argentina G20 in April are of its Development Working Group in Buenos Aires, April 10th, 2018. Priorities announced for the gathering include, “the future of work and what this means for education, infrastructure for development, and a sustainable food future,” its website reads.
In anticipation of the meetings, Argentine President Mauricio Macri explained, “Technology is quickening productivity at an unprecedented rate, which presents both opportunities and challenges. We want to ensure that adopting technological advances does not lead to economic exclusion or other negative side effects.”
Bitcoin investor Tim Draper held a meeting with President Macri and an advisor in late November of this year. By all accounts, Mr. Macri seemed at least receptive to the idea of cryptocurrencies. That same month, the country’s Rofex exchange announced it would be offering bitcoin futures.
What do you expect will be the G20 outcome regarding bitcoin? Tell us in the comments.
Images via Pixabay, WikiCommons, G20.
The post Crypto to Take Center Stage at G20 – “Need to See How We Can Regulate Bitcoin” appeared first on Bitcoin News.
The rapid acceleration of bitcoin this year has had holders mesmerized – sometimes literally. The currency’s soaring value has sparked renewed interest in old wallets containing digital dust. That shrapnel is now worth a significant amount, prompting account-holders to rack their brains in search of passwords and keyphrases. In Russia, frustrated wallet owners now have fresh hope thanks to the rise of the ‘crypto hypnotist’.
Keep Calm and Remember Your Seed
Everyone’s got a bitcoin hard luck story to share, whether it’s selling too early or suffering a hack. Perhaps the most frustrating situation, though, is to be in possession of a wallet you can’t access. In bitcoin’s earliest days, wallets – like bitcoins – were easy to come by, and no one paid much attention to a few fractions of a bitcoin left lingering in one. Five years later, and those fractions of a coin can be worth thousands of dollars.
Numerous tales have emerged of account-holders driving themselves insane trying to recall the passphrase for a wallet they haven’t accessed in years. In Russia, one entrepreneur has set up a dedicated hypnotherapy service to help victims recover their lost wallet passwords. It’s a novel idea – if it works – but one which raises the question: do you trust your hypnotherapist not to steal your bitcoins before bringing you back?
Entranced by Bitcoin
Denis Derkach, who works for a Russian cryptocurrency platform, told Life.ru that one hypnotherapy specialist in Moscow has begun a dedicated service for cryptocurrency holders. He explains:
People are in shock when they realise that they could become multi-millionaires if they could only remember their password.
It’s not just old wallets that have been dug out and dusted down: people who bought bitcoin as recently as last year and since lost their passwords have found themselves in the same predicament. Veronica Marimour is the hypnotherapist who has adapted her technique to aid with password recovery. She explains:
With the help of hypnosis, I bring a person into an altered state of consciousness in which he can recall the information he needs. But first I check whether I can cooperate with a person and whether he will be able to recall information.
She claims to have successfully helped around half of the 20 clients who’ve come to her so far, but the crypto hypnotist’s services don’t come cheap. Recovering an account that contains substantial bitcoin holdings will cost 1 BTC plus 5% of its contents, though for wallets containing smaller amounts, the recovery fee is negotiable.
You Will Feel Your Eyes Getting Heavy in 3-2-1
The success of hypnotherapy in recovering forgotten passwords is dependant upon numerous factors, including the skill of the therapist and – most crucially – the extent to which the subject is capable of recalling the information. Boing Boing’s Mark Frauenfelder famously turned to hypnotherapy after forgetting his Trezor password, but without success. Thankfully, he was able to recover the bitcoins by other means. Should bitcoin’s ascent continue, expect to hear more woeful tales of forgotten passwords – and more hypnotherapists claiming the power to magically recover them.
Do you think hypnotherapy can help recall lost password? Let us know in the comments section below.
Images courtesy of Shutterstock.
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The post Forgot the Key to Your Bitcoin Wallet? You Need a Crypto Hypnotist appeared first on Bitcoin News.