On July 2, a cryptocurrency called “Bitcoin” surged to $5,935.70, up 4.6 percent from a year earlier.As of July 5, it’s worth $5.1 trillion.The gains followed a rally on July 1 that saw the cryptocurrency surpass $1,000, up from $7,849.90 a year ago.“The cryptocurrency market has always been volatile,” says John Murphy, founder of the […]
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Foreign exchange broker Joe Yashar said he would not buy Canadian bonds from his own broker, because the deal would not meet the standards of Canadian securities regulators.Yashar, who is based in Toronto, said he does not want to buy Canadian stocks, or to buy the same foreign currency in his Canadian and U.S. accounts.“I […]
Fox News reporter Daniel Boeselhaus is on the ground in Auckland today.He reports from the city where he’s living in the past two weeks.In the lead up to the election, the city had been rocked by the coronavirus pandemic and the closure of all public transport.The city has since reopened.Boeselaus said the city’s recovery has […]
Over the past two years, foreign exchange trade has become an increasingly significant source of revenue for global financial institutions, which has led to a rise in their valuation.The latest figures from UBS show that trading volumes in the first nine months of 2017 rose by $3.5 billion, compared to the same period in 2016.For […]
President Donald Trump is taking steps to reshape U.S. foreign exchange trading strategy, according to people familiar with the plan.Trump is proposing a foreign exchange-driven strategy that would allow him to sell more foreign currency to foreign governments, according an outline provided to lawmakers.Trump’s new strategy, first reported by The Hill, is meant to counter […]
In November 2018, Bitcoin exchange Mt.Gox halted trading after an investigation by the FBI revealed the cryptocurrency’s trading platform had been used to launder money.The FBI also discovered Bitcoin transactions were being sent from accounts connected to Russian-linked accounts.“This is not a one-off incident,” FBI Director James Comey said at the time.“We know this has […]
Ireland has been caught off-guard by the rise in the use of foreign exchange rates in recent weeks.The currency market is expected to see an unprecedented rise of up to 5 per cent in the next two weeks.What has the currency industry been saying about this? There has been an extraordinary surge in the cost of […]
Foreign exchange brokers in Barcelona are in for a surprise.On Monday, the European Central Bank (ECB) will open a new facility in Barcelona, the first of its kind in Spain.The facility will serve as a clearinghouse for foreign exchange and will house the ECB’s national clearinghouse.The ECB will also establish a clearing house for euro […]
Bitcoin is becoming a popular and versatile payment method for those who want to do business with one another, but many people have concerns about how the currency works and the value it brings.The problem is, if you want to spend Bitcoin, you can’t exchange it for fiat currency in an easy way.The best way […]