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Showing posts from February 6, 2018

Bitcoin plunges 20% to $6,190; experts warn it may drop another 50%

Business Standard ADP/PTI/Tokyo, February 06, 2018 Bitcoin plunged 20 per cent to a three-month low today, its latest sharp loss following a series of setbacks for the cryptocurrency that, with a collapse across global mainstream markets adding to the selling. The virtual currency fell to $6,190 for the first time since mid-November, according to Bloomberg News, and represents the latest hammering for a unit that saw a stratospheric 26-fold rise last year. Today's collapse comes just six weeks after bitcoin hit a record high of $19,511, fuelled by a flood of speculators looking to make a quick buck, with warnings it could fall another 50 per cent. Since those heady days the cryptomarket -- which includes dozens of other units -- has been pounded by news of crackdowns by governments including in China, Russia and South Korea, one of the biggest markets for the sector. On Thursday, India said it would "take all measures to eliminate" cryptocurrencies

Belt and Road Initiative

Manoj Joshi. Silk Road Economic Belt Maritime Silk Road By Manoj Joshi Prepared for: Federation of Indian Chambers of Commerce and Industry The Belt and Road Initiative aka One Belt One Road Scheme By Manoj Joshi The Belt and Road Initiative aka One Belt One Road Scheme Contents DISCLAIMER All information provided and analyses made in this publication have been prepared by Shri Manoj Joshi who has authored it in his personal capacity. In several cases, information and details have been drawn from publicly available documents and internet sources. Although reasonable care has been taken to ensure that the information in this publication is true, accurate and updated, such information is provided on ‘as is’ basis, without any warranty, express or implied, as to the accuracy or completeness of any such information. Neither the author nor FICCI will be liable for any losses incurred by any person or organization from any use of this publication or its contents. This publication has be