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How can the police seize Bitcoins ?


When the FBI seized alleged Silk Road mastermind Ross Ulbricht's 26,000 Bitcoin fortune on Tuesday, it raised the simple question: how can you seize a currency that does not exist?

JPMorgan shakes off 'Whale' to nab top spot for fees

Super Dimon

JPMorgan Chase shook off the 'London Whale' scandal to take the top spot for investment banking fees over the year-to-date, according to a report into the global investment banking industry published on Wednesday.

ECB keeps all options open to support recovery

European Union

The European Central Bank on Wednesday left the door open for further ultra-cheap loans to European banks, saying the bank had an array of instruments at its disposal to support the nascent recovery.




Citi's Buiter: World faces recession next year

The global economy faces a period of contraction and declining trade next year as emerging nations struggle with tightening monetary policy, according to Citigroup's Chief Economist Willem Buiter.