While startups working on bitcoin 2.0 products and tools aimed at financial institutions have garnered tremendous attention in recent months, micropayments and remittances have steadily emerged as two of the most compelling use cases for bitcoin.
We are in the back end of some interesting time cycles, namely the 144/987-month window we’ve discussed since September. Now they are in the 161-week window off the 2011 bottom and by next week the start of the 610-week window off the March 2003 bottom.
Oil ministers from Kuwait and Algeria dismissed possible production cuts as crude’s slump to a four-year low prompted Venezuela to call for an emergency meeting of the Organization of Petroleum Exporting Countries.
As speculation deepens the European Central Bank will start quantitative easing just as the Federal Reserve ends its own bond buying, Europe is gaining more leverage over investors globally as the specter of deflation in the region unleashes greater demand for fixed income.