currency markets
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Bitcoin looks fraught as an inflation hedge amid selloff
Bitcoin’s steep selloff is undercutting the argument made by the digital currency’s proponents that it’s an inflation hedge. The original…
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Lawmakers and accountants lobby for solid crypto accounting rules
Accountants and lawmakers are urging standard-setters to fill a void and write concrete rules telling companies how to account for…
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Bitcoin jumps as Elon Musk tweets Tesla will resume transactions once crypto is greener
The price of bitcoin jumped and flirted with $40,000 after Tesla’s chief executive Elon Musk tweeted that his company will…
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Here’s why bitcoin on the balance sheet could be an accounting headache
Elon Musk’s curious Twitter war with bitcoin is expected to hit Tesla Inc.’s bottom line this quarter. Musk is widely…
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Bitcoin holdings top $43bn across global investment funds
Investment funds are holding a collective bitcoin hoard worth $43.2bn, spread out across various vehicles including bitcoin closed-ended trusts and…
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Powell’s future in question as Warren blasts Fed for being too easy on the biggest banks
Two leading Senate Democrats on Thursday were sharply critical of Federal Reserve Chairman Jerome Powell’s record as a bank regulator,…
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Crypto and FX firm LMAX valued at $1bn after JC Flowers stake
Cryptocurrency and FX exchange LMAX Group has received a valuation of $1bn, after selling a 30% stake in the company…
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Inflation will moderate, Powell says in prepared testimony to Congress
Federal Reserve Chairman Jerome Powell on Wednesday once again said that he thinks the sharp rise in inflation seen so…
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Fed’s Daly says the strong June inflation reading was expected and higher prices won’t last
The strong gain in the U.S. consumer price index in June is just part of a temporary “pop” in inflation…
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Binance crackdown highlights regulatory crypto conundrum
The near-simultaneous crackdown on digital assets exchange Binance by multiple global regulators demonstrates the struggle that watchdogs face in tackling…
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Israel says Pfizer vaccine just 64% effective in real world as delta variant continues to spread rapidly
The global tally of confirmed cases of COVID-19 climbed above 184 million on Tuesday, as the highly transmissible delta variant…
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Nationwide reviews crypto policy as UK banks crack down on Binance
Nationwide is reviewing its policy on customers dabbling in cryptocurrencies, making the high street lender the latest in a slew…
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Bitcoin is likely to do more harm than good in developing countries
Many regard the market for bitcoin as a game of winners and losers played out among hedge funds, amateur investors,…
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Robinhood files IPO on meme stock surge
Robinhood Markets unveiled striking growth figures Thursday in the paperwork for its long-awaited initial public offering — and a long…
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George Soros’ investment fund has begun trading cryptos, report says
The investment fund of billionaire George Soros, otherwise known as the man who “broke the Bank of England”, has reportedly…
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Bitcoin slips further as China cracks down on cryptos with stricter fundraise curbs
The price of bitcoin and other cryptocurrencies slid on 21 June after China’s central bank ordered the country’s largest banks and…
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Crypto exchange Binance just got banned in the UK — Here’s what it means
Cryptocurrency exchange Binance does not have permission to carry out regulated activities in the UK, the Financial Conduct Authority warned…
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Bitcoin falls below $30k for first time since January on data ‘death cross’
The price of bitcoin has fallen below the $30,000 threshold for the first time since January, as a so-called death…
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TP Icap to launch crypto trading platform with Fidelity and StanChart
TP Icap is launching a cryptocurrency trading platform for institutional investors, as part of a consortium with Fidelity Investments and…
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Cathie Wood’s Ark Invest just applied to offer the first bitcoin ETF
You can throw Cathie Wood’s ARK Invest in the ring of companies hoping to eventually offer a bitcoin-back exchange-traded fund?…
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Cryptocurrency prices are sliding, but what’s behind it?
The volatility of cryptocurrencies such as bitcoin has proven to win out over market analysis, as token prices began to…
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