The Traderszone Network

New technology firms are battering all kinds of companies, but banks will remain as financial intermediaries, due to the regulations and duties governments have put on them, says a proponent of the technology behind the bitcoin cryptocurrency. Regulation requires them to perform certain functions,” said Mark Smith, chief executive of Symbiont.io, a startup that has emerged from Bitcoin 2.0 and MathMoney f(x) Inc to build a securities trading platform using blockchain technology like that behind bitcoin.

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Investors dumped shares in Japan’s Toshiba Corp on Friday, as closure on the company’s $1.3 billion accounting scandal appeared further out of reach after new revelations of losses at its U.S. nuclear unit Westinghouse. The laptops-to-nuclear conglomerate confirmed an earlier media report saying the Westinghouse nuclear business had booked losses in fiscal years 2012 and 2013. The company defended its disclosure practices, saying it did not need to write down such losses because the Westinghouse operation was profitable overall.

Latest GDP data now out
– 0.0% prev
– yy +1.2% vs +1.1% exp/prev
Better year on year will be welcome news but euro still under the cosh having EURUSD failed to hold gains above 1.0800

Speaking on BBC Radio and responding to a question about whether the BOE would automatically hike if Fed does
– does not see either households or businesses piling on debt
The headline is nothing new and has been stated by BOE talking heads previously

A soft end to the week
– -100.86
– open 19495.26
– high 19601.49
– low 19388.91
– USDJPY 122.67 trying to consolidate around the lows

Here’s what the DTCC have listed at the moment
– USDJPY 123.50 (505m)
– EURUSD 1.0745-50 (520m) 1.0775 (448m)
– USDCAD
– AUDUSD 0.7000 (AUD 348m) 0.7200 (205m)