Swiss Franc Plummets – Here’s What Caused the Haven Currency’s Mini ‘Flash Crash’

On Monday during the Tokyo session the Swiss franc (CHF) was aggressively sold. The USD/CHF pair for instance touched the 1.0106 level. This was a high that the pair last reached in November last year. On the other hand the Euro/Swiss Franc (EUR/CHF) pair touched the 1.1422 mark. Against the Japanese yen the franc fell to 108.80 while against the sterling pound it touched the 1.3056 level. Swiss Franc Rises Sharply Then Fills Gap, Breaking its Average Trading Range But within a matter of minutes the sharp moves were reversed. For the USDCHF it resulted in a trading range of

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Bitcoin Holds Above $11000, XRP Pops; Mining Haven Quebec Warns Miners

The best known digital currency was continuing on its upward trajectory despite the Quebec government saying it is "not interested" in operations that do not add value to the local economy after being flooded by enquiries by Bitcoin mining firms. It has also been suggested it may set a higher electricity …
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Offshore Tax Haven Marshall Islands to Issue National Cryptocurrency (news.bitcoin.com)

A small island nation with less than 60,000 inhabitants best known internationally as a former test site for nuclear weapons is joining the hottest new trend – issuing a national cryptocurrency. The planned Marshall Islands’ Govcoin is expected to be issued later this year.

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Bitcoin Is a New Haven From Hyperinflation for Rich Latin Americans (news.bitcoin.com)

Latin America has known far more than its fair share of economic troubles over the years. Whether it’s populist revolutions, military coups or some other calamity, the rich in the region always had to think of how to protect their wealth from possible confiscation, hyperinflation or whatever may come. Unlike in the past when they turned to offshore banking, real estate and gold, the best solution right now is also easily accessible by the poor and middle class, bitcoin.

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