The global financial system has become a magnet for bitcoin, a digital currency with no central authority.It’s become a haven for people to get rich from illicit trades, or make small payments with little to no risk.But there are still serious questions about its future.How does it work?How can a small group of people be […]
PHILADELPHIA — How to buy foreign currency, including bitcoin, for a couple thousand dollars.What to expect when you buy foreign currencies for bitcoin, the digital currency.The value of a bitcoin has exploded in recent months.It hit $1,200 on Monday.The currency is traded in the U.S. for less than $1 in China and Russia, and it’s […]
Switzerland has changed its currency rate to 0.00787, bringing the country closer to parity with the U.S. and other major currencies.But there are still some important caveats.First, the change doesn’t apply to the franc, which is currently pegged to the euro, or to the U and the pound, which are not pegged to each other.Instead, […]
Trump, Putin and the world’s top military leaders met this week at the G-20 summit, where Trump announced a U.S. arms deal with Russia.The meeting was seen as an effort to ease tensions between the two nations over the crisis in Ukraine, which has raised fears of an escalation in the region.But the two leaders […]
The movie theater in Tokyo was buzzing last night after an official at the venue posted the official score of the movie “The Best Foreign Exchange Movie Ever.”The official score was the best foreign exchange score in history, according to the score posted by the Tokyo theater.The movie, starring the Australian actress Jennifer Lawrence, was […]
Japanese exporters have warned the economy is slowing down in the wake of a sharp drop in global demand and an oversupply of dollars.Japan’s economy shrank by 0.3 per cent in the March quarter to 3.45tn yen, the worst annual drop since the financial crisis.The country has been in recession since 2012 and has struggled […]
A foreign exchange exchange company that collapsed and went into receivership in the US last year is being used as a case study for how the government can use the Troubled Asset Relief Program (TARP) to help firms when they become too big to be bailed out.A spokesman for the Australian Securities and Investments Commission […]
I’ve been to a lot of the major currency exchange sites, and I can tell you they are not a good fit for most people.If you are going to use them, you need to know exactly what you are buying and what you expect to get out of them.In other words, you have to be […]
In the run-up to the 2016 U.N. climate summit, a number of countries were considering climate policies.Some were committed to a global emissions cap, others to a cap-and-trade system.But it’s unclear how these proposals would affect the climate in the U.S.A group of activists are taking the reins of a new global climate movement.They call […]
Bitcoin futures rose to a new high Wednesday, rising to $16,500 per bitcoin.The price of one bitcoin has risen more than 500% in the past 12 months.The new highs mark a record for futures trading and represent an extraordinary increase for the digital currency.The CBOE Volatility Index (VIX) has gained more than 17% over the […]
