It’s important that we understand the core technology behind cryptocurrencies if we want to appreciate the ingenuity of the bitcoin creation.
In the bitcoin world, mining involves investing a lot of capital in computer hardware and competing with fellow miners to solve a complex mathematical problem.
Satoshi Nakamoto is considered to be the founder of bitcoin, but the actual identity of Satoshi Nakamoto is not known.
Core sales—excluding energy (XLE), building materials, and auto sales—also rose 0.4% in October, which is a positive sign for the economy.
The October Producer Price Index rose 0.4% month-over-month, and it was unchanged compared to the September reading. On a year-over-year basis, the index has risen 2.8%.
The Japanese yen (JYN) managed a positive close last week after three weeks of continuous fall.
The British pound (FXB) appreciated by 0.88% against the US dollar (UUP) for the week ending November 10.
The euro-dollar (FXE) pair closed the week ending November 10 at 1.2, appreciating 0.48% against the US dollar (UUP).
The US bond markets (BND) witnessed higher levels of volatility as the uncertainty surrounding tax reform hit markets last week.
The US Dollar Index (UUP) lost steam last week after posting three consecutive weekly gains.
For the week ending November 10, the S&P 500 Index (SPY) closed at 2,582, depreciating 0.21% for the week.
Multiple events in different parts of the world led to an increase in volatility in global indexes last week.
For October, service sector activity rose at a pace not seen since the inception of the report. The non-manufacturing index reached a lifetime high of 60.1.
In its October “World Economic Outlook” report, the International Monetary Fund or IMF also listed risks to its forecasts.
The International Monetary Fund (or IMF) has upgraded its growth projections for Eurozone countries, including France, Germany, Italy, and Spain.
The International Monetary Fund (or IMF), in its October world economic outlook, downgraded its growth outlook for the United Kingdom.
The International Monetary Fund or IMF publishes the “World Economic Outlook” or WEO report biannually, in April and September or October, and it publishes two updates in January and July.
As per the latest JOLTS report, about 3.2 million American workers quit their jobs voluntarily in September.
The Job Openings and Labor Turnover Survey (or JOLTS) report for September came out on November 7. Job openings remained unchanged at 6.1 million as of the last business day in September.
The Japanese yen (JYN) continued depreciating against the majors as political stability guaranteed the continuation of Abenomics.