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Bitcoin meets all of the essential criteria for an asset bubble, which is sure to burst soon and the spillover effects into traditional financial system would be limited, while the blockchain technology holds promise for investors, Allianz Global Investors said. The top cryptocurrency's trajectory resembles a textbook case of a financial-market bubble that may soon pop, the firm said. more...
Bitcoin transaction fees is cheaper now, as three of the most popular cryptocurrency exchanges have slashed their withdrawal fees rates by up to half. Binance, Bitfinex, and Kraken have enabled SegWit (Segregated Witness), a process to increase block size limit, and capacity to add more transactions. Transaction batching is another method being adopted to help them significantly reduce fees. more...
The total volume of manufacturing activity in New Zealand was up a seasonally adjusted 1.0 percent on quarter in the fourth quarter of 2017, Statistics New Zealand said on Thursday. more...
UK house prices stabilized in February and property coming to the market for sale declined, survey data from the Royal Institution of Chartered Surveyors showed Thursday. more...
Australia's gross domestic product advanced a seasonally adjusted 0.4 percent on quarter in the fourth quarter of 2017, the Australian Bureau of Statistics said on Wednesday. more...
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