Soramitsu Starts Testing ‘White Tiger’ Digital Currency in Japan By Cointelegraph



Soramitsu Starts Testing ‘White Tiger’ Digital Currency in Japan

Japanese blockchain company Soramitsu announced it would start testing a new local digital currency for retailers at the University of Aizu.

According to a June 29 report in the newspaper, Soramitsu will begin testing “White Tiger,” a digital currency sitting on the company’s native Hyperledger Iroha blockchain. The digital asset will be tested at cafeterias and shops at the University of Aizu in Fukushima Prefecture, 300 km north of Tokyo, starting on July 1 before gradually being utilized at locations off campus.

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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



U.S. economy starts long recovery as retail sales post record jump By Reuters


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© Reuters. FILE PHOTO: Retail shops in Brooklyn as phase one reopening continues during outbreak of the coronavirus disease (COVID-19) in New York

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By Lucia Mutikani

WASHINGTON (Reuters) – U.S. retail sales increased by the most on record in May after two straight months of sharp declines as businesses reopened, offering more evidence that the recession triggered by the COVID-19 pandemic was over or drawing to an end.

The report from the Commerce Department on Tuesday followed news early this month that the economy created 2.5 million jobs in May. Layoffs are also ebbing and manufacturing activity is improving, though production remains at very low levels.

The surge in retail sales last month recouped 63% of March and April’s decreases. But the journey to recovery could be long and difficult as some parts of the country are experiencing a resurgence of COVID-19 infections. In addition, enhanced federal government unemployment checks will run out in July.

Federal Reserve Chair Jerome Powell told U.S. lawmakers on Tuesday that “until the public is confident that the disease is contained, a full recovery is unlikely.”

Retail sales jumped 17.7% last month, the biggest advance since the government started tracking the series in 1992. Sales dropped a record 14.7% in April. Economists polled by Reuters had forecast retail sales would rise 8% in May.

Retail sales fell 6.1% on a year-on-year basis in May. Even with May’s surge, sales were still about 8% below their February level, leaving consumer spending and the economy on track for their biggest contraction in the second quarter since the Great Depression. The economy slipped into recession in February.

“The economy and retail sales have hit the bottom in May and we have a V-shaped first stage of recovery,” said Sung Won Sohn, a business economics professor at Loyola Marymount University in Los Angeles. “However, it will take quite some time to get back to anywhere near the levels of retail sales and economic activity we enjoyed around the turn of the year.”

The reopening last month of nonessential businesses that were shuttered in mid-March to slow the spread of COVID-19 has seen Americans flocking to car dealerships and spending more on gasoline, apparel and at restaurants.

Though nearly 20 million people have lost their jobs to the pandemic, record savings and the government’s historic fiscal package of nearly $3 trillion are providing a cushion for consumers through one-time $1,200 checks and generous unemployment benefits. The unprecedented economic upheaval saw personal savings increasing at a record $337 billion in April and the saving rate hitting an all-time high of 33%.

MANUFACTURING STABILIZING

The recovery in retail sales last month was led by a 44.1% acceleration in sales at auto dealerships.

Receipts at service stations increased 12.8%. Sales at electronics and appliance stores soared 50.5%. Receipts at clothing stores rebounded 188% last month. Still, clothing store sales remained about 63% below their February level.

Sales at furniture stores soared 89.7%. Receipts at restaurants and bars advanced 29.1%. Spending at hobby, musical instrument and book stores vaulted 88.2%. All these categories had suffered record declines in sales in March and April.

Online and mail-order retail sales rose 9.0%. Sales at building material stores rose 10.9%.

The surge in demand for motor vehicles helped to lift manufacturing production 3.8% in May, a separate report from the Fed showed on Tuesday, after collapsing by a record 15.5% in April. Manufacturing, which accounts for 11% of the U.S. economy, remains hobbled by supply-chain disruptions.

Cheaper has made oil and gas wells unprofitable, impacting demand for heavy equipment and machinery.

“We expect a gradual recovery over the next few years, with growth lagging that of the overall economy,” said Gus Faucher, chief economist at PNC Financial (NYSE:) in Pittsburgh. “One potential upside risk is if firms decide to shorten their supply chains because of the pandemic and the associated disruptions to global trade, moving manufacturing capacity back to the U.S.”

Stocks on Wall Street rallied on the reports and data showing reduced COVID-19 death rates in a trial of a generic steroid drug. The dollar () rose against a basket of currencies. Prices of U.S. Treasuries fell.

Excluding automobiles, gasoline, building materials and food services, retail sales surged 11% in May after tumbling 12.4% in April. These so-called core retail sales correspond most closely with the consumer spending component of the gross domestic product report.

Economists expect consumer spending, which accounts for more than two-thirds of U.S. economic activity, could decline at as much as a 37% annualized rate in the second quarter. That could result in GDP falling at around a 36% pace in that period.

Consumer spending contracted at a 6.8% rate in the first quarter, the sharpest drop since the second quarter of 1980. The economy shrank at a 5% pace in the January-March quarter, the deepest contraction since the 2007-2009 Great Recession.

Weak GDP this quarter was underscored by other data on Tuesday showing a tumble in business inventories in April.



UK starts state-backed loans for smallest firms By Reuters


© Reuters. FILE PHOTO: Daily COVID-19 News Conference in London

LONDON (Reuters) – A government-backed loan scheme to help Britain’s small businesses survive the coronavirus lockdown comes into effect on Monday, allowing firms such as hairdressing salons, coffee shops and florists to receive emergency cash.

Finance minister Rishi Sunak, who previously opposed 100% state backing for commercial loans, announced the new facility on April 27, bowing to pressure to do more for the smallest companies after a previous scheme got off to a slow start.

The new “Bounce Back Loans” allow businesses including sole traders to borrow between 2,000 and 50,000 pounds ($2,500-$62,500) at a flat interest rate of 2.5%. Banks handling the loans will not be required to run credit checks or assess the long-term viability of applicants.

“Small businesses will play a key role creating jobs and securing economic growth as we recover from the coronavirus pandemic,” Sunak said in a statement to mark the first day when the Bounce Back scheme goes into operation.

“The Bounce Back loan scheme will make sure they get the finance they need – helping them bounce back and protect jobs,” he said.

Most British businesses have been shut to the public since March 23, when the government imposed social distancing measures to slow the spread of the virus. Government forecasters have said the economy could contract by 35% in the second quarter.

Britain last month announced an emergency 330 billion-pound credit scheme including loans of up to 5 million pounds for small and medium-sized companies, with state guarantees of 80%.

But many companies said they struggled to secure bank approvals, putting pressure on Sunak to provide full state guarantees for commercial loans to the smallest businesses.

From Monday, any firm that has already taken out a loan of 50,000 pounds or less under the 80%-state-backed scheme can apply to have it switched over to the Bounce Back scheme.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Italy’s Triboo starts selling Chinese COVID-19 antibody tests By Reuters


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© Reuters. FILE PHOTO: Coronavirus disease (COVID-19) outbreak in Milan

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By Giulia Segreti

ROME (Reuters) – Italian digital services company Triboo (MI:) said on Thursday it had started selling antibody tests for Covid-19 produced by China’s SOBC Outdo Biotech, as Italy draws closer to easing the lockdown measures imposed to tackle the coronavirus outbreak.

Pharmaceutical firms are racing to develop tests that could tell whether people have had Covid-19 and authorities have been trying to set up broad-based testing systems as part of plans for a controlled return to work after weeks of lockdown.

Triboo’s announcement comes as Italy’s northern region of Lombardy, the epicentre of the country’s outbreak, is set to start tests on citizens in four of its hardest-hit cities. It will be extended to the entire region next week.

That project will use a test developed by Diasorin (MI:) in conjunction with the Poloclinico San Matteo hospital in Pavia.

On Monday, Italian e-commerce group Giglio (MI:) announced a similar move, signing a deal with China’s Sinopharm (HK:) to sell medical products, including antibody tests.

Triboo will initially sell to companies, which are preparing to restart operations once the government lifts a weeks-long shutdown of factories and business to speed up health checks of staff returning to work, a company spokesman said.

It could also sell to the general public “as soon as the situation is more calm”, he said.

The SOBC Outdo Biotech kits produce a result in 10-15 minutes, the statement said.

Antibody tests are a fast way of identifying people who have been infected by the virus and are considered critical for measuring and controlling its spread.

But there have been some questions about the reliability and accuracy of some antibody tests, highlighting the challenge in fighting the epidemic.

Triboo will take orders via email and kits will be sent from its Shanghai office and delivered in 10-15 days, the company said.

Shares in Triboo rose as much as 12.5% in early trading and were up 11.4% at 1.56 euros per share at 0930 GMT, after failing to start trading at open due to excess volatility.

The death toll in Italy since the coronavirus outbreak came to light on Feb 21 now stands at 25,085 – the second highest in the world after that of the United States – and the number of confirmed cases on Wednesday was 187,327.

Italy is likely to start easing its lockdown measures from May 4, Prime Minister Giuseppe Conte said on Tuesday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



China Starts Buying Oil for State Reserves After Price Crash By Bloomberg


© Reuters. China Starts Buying Oil for State Reserves After Price Crash

(Bloomberg) — China is moving forward with plans to buy up oil for its emergency reserves after an epic price crash, according to people with knowledge of the matter.

The world’s biggest importer is taking advantage of a 60% plunge this year to snatch up cheaper barrels for its stockpiles, a source of considerable speculation in the market because of the government’s reluctance to release information about their formation, size or use.

Beijing has asked government agencies to quickly coordinate filling tanks and using financial tools like options to lock in current low prices, the people said, asking not to be identified because the matter is confidential.

In addition to state-owned reserves, Beijing may use commercial space for storage as well, while also encouraging companies to fill their own tanks, the people said. The initial target is to hold government stockpiles equivalent to 90 days of net imports, which could eventually be expanded to as much as 180 days when including commercial reserves.

China is also planning to announce the fourth batch of strategic reserve sites, the people said. The expansion project has the dual advantage of creating larger emergency reserves and as an economic stimulus project to spur construction opportunities as the country recovers from the coronavirus.

Officials at the National Development and Reform Commission, the top economic planner, didn’t immediately respond to requests for comment.

, the international benchmark, extended gains on Thursday to rise almost 13% to $27.88 a barrel as of 7:08 a.m. in London.

Before the government’s directive was made public, consultancies SIA Energy and Wood Mackenzie Ltd. both estimated that China could probably add 80 million to 100 million barrels to reserves this year before it ran into logistical and operational constraints. According to SIA, China had about 996 million barrels of oil combined in strategic and commercial storage as of March 31.

In September, the head of development and planning at the National Energy Administration said the country had total oil reserves, including strategic stockpiles, for about 80 days. In December, state-owned China National Petroleum Corp. said on its website that the government intends to boost the capacity of its strategic petroleum reserves to 503 million barrels by the end of this year, an indicator of the maximum amount the government can store.

The U.S. currently holds about 635 million barrels in its Strategic Petroleum Reserve, according to government data. A Trump administration plan to buy more oil for the national stockpiles was thwarted last month after Democrats blocked a request for funds.

(Updates with oil prices in seventh paragraph)

©2020 Bloomberg L.P.

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Fed Starts Repo Facility to Provide Dollars to Central Banks By Bloomberg


Fed Starts Repo Facility to Provide Dollars to Central Banks

(Bloomberg) — The Federal Reserve has opened a temporary repurchase agreement facility for foreign central banks to support the smooth functioning of financial markets.

The program will allow participants to temporarily exchange U.S. Treasuries for dollars, which can then be made available to institutions in their jurisdictions.

“This facility should help support the smooth functioning of the U.S. Treasury market by providing an alternative temporary source of U.S. dollars other than sales of securities in the open market,” the Fed said in a statement Tuesday.

The pared its gains after the announcement, while short-end Treasury yields held steady and U.S. stock futures remained down on the day.

The program, available April 6, is a new weapon in the Fed’s arsenal to stabilize dollar funding markets. The U.S. central bank said it “reduces the need for central banks to sell their Treasury securities outright and into illiquid markets,” helping stabilize trading in the world’s most secure and important asset.

“By allowing central banks to use their securities to raise dollars quickly and efficiently, the facility will also support local markets in U.S. dollars and bolster broader market confidence,” the Fed said. “Stabilizing foreign dollar markets, in turn, will support foreign economic conditions and thereby benefit the U.S. economy through many channels, including confidence and trade.”

The facility was authorized by the Federal Open Market Committee, according to the statement.

The Fed said the term of the repos will be overnight, but can be rolled over as needed. Transactions will be conducted at a rate of 25 basis points over the interest rate on excess reserves.

Outstanding transaction totals will be made public in the Fed’s weekly balance sheet report.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Canada Housing Starts Rise to Highest in Four Months on Condos By Bloomberg


Canada Housing Starts Rise to Highest in Four Months on Condos

(Bloomberg) — Canadian builders began 2020 with a strong rebound in housing starts, particularly for multiple-unit construction.

Work began on an annualized 213,224 units in January, up 8.8% from a revised 195,892 in the prior month, Canada Mortgage and Housing Corp. said in a statement Monday. Economists in a Bloomberg survey had anticipated starts would be 205,000.

It’s the highest level of new construction activity in four months, and consistent with what has been a clear recovery in demand in some of the nation’s largest housing markets.

New home starts in Toronto, which has been showing signs of tight supply, were up 51% from December, on a seasonally adjusted basis. Montreal, another market that has been doing well, saw starts rise 53%.

Overall, Canada recorded a 13.6% jump in multiple urban starts during the month, while single-detached starts fell 0.9%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



U.S. housing starts at 13-year high, factory output gains By Reuters



By Lucia Mutikani

WASHINGTON (Reuters) – U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.

There was also some encouraging news on manufacturing, with other data on Friday showing production at factories increasing for a second straight month in December, indicating some stabilization in one of the industries hardest hit by the Trump administration’s 18-month trade war with China.

Though U.S. President Donald Trump and Chinese Vice Premier Liu He signed a “Phase 1” trade deal on Wednesday, a first step toward defusing the trade war, manufacturing is not out of the woods yet. Boeing (N:) this month suspended production of its fast-selling 737 MAX jetliner and ripple effects of that decision are already being felt, with a major supplier announcing layoffs last week.

“The shockingly large rise in home construction is likely to provide an unexpected boost to growth,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. “However, the first quarter of 2020 it might be a lot softer.”

Housing starts jumped 16.9% to a seasonally adjusted annual rate of 1.608 million units last month, the highest level since December 2006. The percentage gain was the largest since October 2016. Groundbreaking activity last month was likely flattered by unseasonably mild weather and probably overstates the health of the housing market.

Data for November was revised higher to show homebuilding rising to a pace of 1.375 million units, instead of advancing to a rate of 1.365 million units as previously reported.

Economists polled by Reuters had forecast housing starts would increase to a pace of 1.375 million units in December.

The dollar firmed against a basket of currencies, while U.S. Treasury debt prices fell. Stocks on Wall Street were trading higher, with the main indexes hitting record highs.

Housing starts soared 40.8% on a year-on-year basis in December. An estimated 1.290 million housing units were started in 2019, up 3.2% compared to 2018.

The rise in construction, together with an increase in completions and the inventory of homes under construction, could ease a housing shortage that has constrained sales over the last couple of years. Housing completions increased 5.1% to a rate of 1.277 million units in December.

SUPPLY SQUEEZE

Realtors estimate that housing starts and completion rates need to be in a range of 1.5 million to 1.6 million units per month to plug the inventory gap. The stock of housing under construction rose 2.0% to 1.192 million units, the highest level since March 2007.

“It’s going to take more than increased construction to completely emerge from the ongoing and historic inventory shortage, but more home building certainly won’t hurt,” said Matthew Speakman, economist at online real estate firm Zillow. “For now, it appears that builders are game for the challenge.”

The housing market is regaining momentum after the Federal Reserve cut interest rates three times last year, pushing down mortgage rates from last year’s multi-year highs. The 30-year fixed mortgage rate has dropped to an average of 3.65% from its peak of 4.94% in November 2018, according to data from mortgage finance agency Freddie Mac.

Though a survey on Monday showed confidence among homebuilders dipped in January, it remained near levels last seen in mid-1999. Builders said they “continue to grapple with a shortage of lots and labor while buyers are frustrated by a lack of inventory, particularly among starter homes.”

While the housing market accounts for about 3.1% of gross domestic product, it has a bigger footprint on the economy, which is now in its 11th year of expansion, through industries such as utilities, retail and manufacturing.

In a separate report on Friday, the Fed said manufacturing production rose 0.2% last month, adding to November’s 1.0% increase. Manufacturing output, however, fell 1.0% in the fourth quarter. It dropped 0.2% in 2019, the first decline since 2016.

The U.S.-China trade war has eroded business confidence, leading to a decline in capital expenditures. The housing market improvement is offsetting some of the drag on the economy from weak manufacturing.

Residential investment rebounded in the third quarter after contracting for six straight quarters, the longest such stretch since the 2007-2009 recession. It is expected to contribute to gross domestic product again in the fourth quarter.

Groundbreaking activity could, however, slow in the coming months as building fell 3.9% to a rate of 1.416 million units in December after hitting the highest level in more than 12-1/2 years in November. An estimated 1.369 million building permits were authorized in 2019.

Single-family homebuilding, which accounts for the largest share of the housing market, jumped 11.2% to a rate of 1.055 units in December, the highest level since June 2007. Single-family housing starts rose in the Midwest and the populous South. They fell, however, in the Northeast and West.

Single-family housing building permits slipped 0.5% to a rate of 916,000 units in December after rising for seven straight months.

Starts for the volatile multi-family housing segment vaulted 29.8% to a rate of 553,000 units last month. Starts for buildings with five units or more were the highest since July 1986. Permits for the construction of multi-family homes fell 9.6% to a rate of 500,000 units.



U.S. housing starts race to 13-year high in December By Reuters



WASHINGTON, (Reuters) – U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.

Housing starts jumped 16.9% to a seasonally adjusted annual rate of 1.608 million units last month, the highest level since December 2006. The percentage gain was the largest since October 2016. Data for November was revised higher to show homebuilding rising to a pace of 1.375 million units, instead of advancing to a rate of 1.365 million units as previously reported.

Economists polled by Reuters had forecast housing starts would increase to a pace of 1.375 million units in December.

Housing starts soared 40.8% on a year-on-year basis in December. An estimated 1.290 million housing units were started in 2019, up 3.2% compared to 2018.

Building permits fell 3.9% to a rate of 1.416 million units in December after hitting their highest level in more than 12-1/2 years in November.

The housing market is regaining momentum after the Federal Reserve cut interest rates three times last year, pushing down mortgage rates from last year’s multi-year highs. The 30-year fixed mortgage rate has dropped to an average of 3.65% from its peak of 4.94% in November 2018, according to data from mortgage finance agency Freddie Mac.

Though a survey on Monday showed confidence among homebuilders dipped in January, it remained near levels last seen in mid-1999. Builders said they “continue to grapple with a shortage of lots and labor while buyers are frustrated by a lack of inventory, particularly among starter homes.”

The housing market accounts for about 3.1% of the economy. Residential investment rebounded in the third quarter after contracting for six straight quarters, the longest such stretch since the 2007-2009 recession. It is expected to contribute to gross domestic product again in the fourth quarter.

Single-family homebuilding, which accounts for the largest share of the housing market, jumped 11.2% to a rate of 1.055 units in December, the highest level since June 2007. Single-family housing starts rose in the Midwest and the populous South. They, however, fell in the Northeast and West.

Single-family housing building permits slipped 0.5% to a rate of 916,000 units in December after rising for seven straight months.

Starts for the volatile multi-family housing segment vaulted 29.8% to a rate of 553,000 units last month. Permits for the construction of multi-family homes fell 9.6% to a rate of 500,000 units.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Burger King Venezuela Starts Bitcoin Payments in First of 40 Stores By Cointelegraph


© Reuters. Burger King Venezuela Starts Bitcoin Payments in First of 40 Stores

(BTC) has come to Burger King in Venezuela as a new partnership opens up cryptocurrency payments at the fast-food chain.

Confirmed in a tweet on Dec. 30, a single Burger King branch in the Sambil area of Caracas now accepts Bitcoin, along with altcoins Ether (ETH), (LTC), Binance Coin (BNB) and (DASH), as well as stablecoin Tether (USDT).

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.