Sentences with phrase «currency held in»

Apart from that, all currency tokens will be backed 100 % by an equivalent amount of fiat currency held in a bank account.

The tether platform is fully reserved if the sum of all the tether in circulation is greater than or equal to the balance of the Fiat currency held in reserve.

You can use your Wirex Card to withdraw cash from an ATM, whereby we will redeem Supported Fiat Currency held in your Wirex Account and you will be provided with the equivalent amount of cash.

Tether Limited states that to keep the Tether pegged to fiat currencies, the balance of fiat currencies held in its reserves will be equal to or greater than the Tethers in circulation.

Tether Limited has designed currencies that act as anchors or «tethers» to fiat currencies like the US dollar or the euro, where every tethered cryptocurrency issued in circulation is backed by a 1:1 ratio with traditional currencies held in deposit by Tether Limited.

It seems like Circle's business functions much in the same way as Venmo, the mobile payments platform owned by Paypal, except instead of just fiat currencies held in customer wallets, the use of Ethereum allows for the holding of cryptocoins as well.

Not exact matches

WICHITA, Kan., May 2, 2018 / PRNewswire / — Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced a definitive agreement to acquire S.R.I.F. N.V., the parent company of Asco Industries, N.V. (Asco), for $ 650 million in cash, subject to customary closing adjustments, including foreign currency adjustments.

As well as their impact on the currency markets, rising interest rates weigh on gold in their own right, as they increase the opportunity cost of holding non-yielding bullion.

That may mean that much of the $ 25 billion in capital gains taxes that Americans are estimated to owe on their digital currency holdings which will go uncollected.

In currency markets, the euro held at two - year highs following remarks by ECB President Mario Draghi last week, while the dollar remained weak ahead of the U.S. Federal Reserve's policy meeting later in the weeIn currency markets, the euro held at two - year highs following remarks by ECB President Mario Draghi last week, while the dollar remained weak ahead of the U.S. Federal Reserve's policy meeting later in the weein the week.

MARKETS: The dollar held near a four - month high against a basket of major currencies, buoyed by the outlook for a strong U.S. economy and rising yields amid signs of slowdown elsewhere, especially in Europe.

The government is encouraging foreign investors to hold RMB - denominated assets, and dealing in the country's domestic currency allows businesses operating in or trading there to minimize transaction costs.

Moro said Hong Kong - based Xapo is currently the leading custodian in the digital currency world, but added that Xapo is limited by the fact it only holds bitcoin and not Ethereum or many other newer crypto currencies.

The second largest party in the Italian parliament, the Five Start Movement, openly advocates for holding a referendum on whether Italy should stay in the currency union.

The four conglomerates originated in different sectors, but their underlying business model is the same: cultivate powerful allies in the Communist Party; use those relationships to win regulatory and property concessions; gather investment from friends, family and other proxies of party elites into a murky, unregulated private holding company; borrow heavily from state - owed banks and other sources to finance prodigious growth plans; invest as aggressively as possible in stock and property overseas as a hedge against slower growth in China and the risk of a weaker Chinese currency.

We also hold large positions in Davis + Henderson Income Fund and CML Healthcare Income Fund, both of which offer stable businesses with no material foreign currency exposure.

But whether Bitcoin can actually replace gold (let alone traditional government - backed currency) has been a matter of fervent debate — quite literally, as evidenced by an event last week entitled «Gold Versus Bitcoin,» held at a New York comedy club, in which well - known gold proponent (Jim Rickards debated James Altucher, a self - help author now peddling Bitcoin investment advice under the moniker «crypto - genius.»

The decision could help investors in several lawsuits in Manhattan seeking to hold banks liable for billions of dollars in damages for alleged price - fixing in U.S. Treasuries, commodities, currencies, derivatives and other rates.

Despite a decline in fiat currency reserves, China's holdings of gold have increased to $ 60.19 billion in December as compared to $ 59.52 billion in November.

Once approved, the licenses would add to a nascent digital currency industry taking hold in New York.

Counted in greenbacks, in other words, it was a wash, unless you held something like the db X-trackers MSCI Japan Hedged ETF (NYSE: DBJP), which muffled the effects of the currency drop.

These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).

Because we hold significant assets and liabilities in currencies other than our Russian ruble operating currency, and because foreign exchange fluctuations are outside of our operational control, we believe that it is useful to present adjusted net income and related margin measures excluding these effects, in order to provide greater clarity regarding our operating performance.

The ECB argued that cross-border interbank trading in the 19 - member currency bloc remains relatively low, cross-border equity or bond holdings are not increasing, and retail banking integration is limited.

Our clients» international stock exposure is held in local currencies rather than hedged to the U.S. dollar.

«What sparked the rally is a perception of a shift in Canadian government policy toward the dollar,» said Michael Malpede, a currency analyst in Chicago with Refco Inc., adding that Mr. Dodge's comments put an end to the widely held perception in the market that Canada supported a weak currency to help its exporters.

The trader, who is only known by his bitcoin address, purchased the coins between Feb. 9 and Feb. 12, hiking his holdings in the digital currency to more than 96,000 coins from about 55,000 coins.

Institutions have been instructed not to «use, hold, trade and / or transact in anyway in virtual currencies,» and to ensure that existing customers who are operating exchanges «have effective AML / CFT controls.»

In today's world of faltering economic growth and rising unemployment, these are admirable qualities for a currency or, in this case, a surrogate currency to holIn today's world of faltering economic growth and rising unemployment, these are admirable qualities for a currency or, in this case, a surrogate currency to holin this case, a surrogate currency to hold.

Only a few years ago, China's current account surplus was the largest relative to GDP among significant countries, it was holding its currency down to maintain demand for its exports, and most software used on its personal computers and videos on sale in its major cities were pirated.

The NAV (net asset value) of a bond fund will move up or down based on a number of factors such as changes in interest rates, credit quality, and currency values (for international bonds) for the different bond holdings in the fund.

As for the British example at the end of the 19th Century, in those days currency was part of reserve accumulation, but much if not most reserves were in the form of gold or silver, and while Britain had the most important reserve currency, the difference between central bank holdings of sterling and central bank holdings of other gold - based currencies, like the franc, were pretty small relative to total trade.

«Following Russia's recent acceptance of the renminbi as payments for oil, we expect more record high oil imports ahead to China,» Gordon Kwan, the Hong Kong - based head of regional oil and gas research at Nomura Holdings Inc., said in an e-mail, referring to the Chinese currency.

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

The financial system is in precarious condition barely held together by a patchwork of negative interest rates, currency manipulation, and misguided confidence.

I began investing in Bitcoin in 2011, as I believed that Virtual Currency held significant promise.

A reform to Venezuela's central bank law will allow the country to hold international reserves in a broader range of currencies than before as well as in diamonds and precious metals.

Now the center holds regular meetups (in addition for the regular ones) for selling and buying the crypto - currency.

[9] Nonetheless, for emerging Asian economies there has tended to be a positive association between increased foreign holdings of local currency government debt and growth in onshore FX derivatives turnover.

So we have three moments in time that are critical to taxation of any type of property, including convertible virtual currencies: when you acquire it, how long you hold it, and when you dispose of it.

This net position in turn consisted of foreign currency asset holdings equivalent to about 20 per cent of GDP, with more than three - quarters of this in the form of equity investment (including direct investment by multinational companies in their offshore operations).

XRP is holding up above the prior declining trend channel, and we still expect the currency to move towards the $ 0.30 level in the coming weeks, and investors could still add to their positions.

Its relatively high global position reflects the special place the Australian dollar holds in portfolios of international funds managers because of its relation to commodity prices, offering a degree of diversification from other currencies.

Issuers may be located in any geography, but holdings must be either denominated in one of the G10 currencies, or issued outside of the home market of the issue currency — effectively excluding local - currency emerging - market bonds.

Starting Wednesday, most Fidelity clients will be able to authorize Coinbase, one of the largest crypto - currency exchanges in the United States, to provide the fund manager with data on their holdings.

Cryptocurrencies are digital currencies (meaning there's nothing to hold in your hand) that circulate without a central repository such as the Federal Reserve.

If it does increase interest rates, the dollar would be bound to strengthen, making oil trades (which is settled in dollars) more expensive for buyers holding other currencies.

In addition to the Total Return Fund's positions in TIPS and short - dated Treasury securities, the Fund continues to hold about 30 % of assets in a diversified group of precious metals shares, utility shares, and foreign currencieIn addition to the Total Return Fund's positions in TIPS and short - dated Treasury securities, the Fund continues to hold about 30 % of assets in a diversified group of precious metals shares, utility shares, and foreign currenciein TIPS and short - dated Treasury securities, the Fund continues to hold about 30 % of assets in a diversified group of precious metals shares, utility shares, and foreign currenciein a diversified group of precious metals shares, utility shares, and foreign currencies.

That would mean that, ostensibly, Tether Holdings Limited added $ 600 million dollars (or its equivalent in various fiat currencies) to its books at some point before minting those USDT.

In sum, the U.S. payments deficit and central bank movements out of the dollar, aggravated by U.S. military activity in Iraq and other countries, may indeed trigger a shift of international currency holdings into euroIn sum, the U.S. payments deficit and central bank movements out of the dollar, aggravated by U.S. military activity in Iraq and other countries, may indeed trigger a shift of international currency holdings into euroin Iraq and other countries, may indeed trigger a shift of international currency holdings into euros.