Tag: Currency markets
China’s central bank tries to stop surge in currency’s value
BEIJING — China’s central bank is trying to restrain the surging exchange rate of its currency, temporarily backtracking in efforts to make the tightly...
EXPLAINER: Why has the price of Bitcoin been falling?
NEW YORK — The price of Bitcoin fell as much as 29% Wednesday after the China Banking Association warned member banks of risks associated...
Tesla to stop accepting Bitcoin for car payments
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns.
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Trevor Lawrence adding cryptocurrency to his playbook
NEW YORK — Trevor Lawrence is set to cash in on multiple platforms.
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Bitcoin millionaire puts money on Greens in German election
BERLIN — A German software developer who made a fortune from bitcoin has given the environmentalist Green Party one of the biggest political donations...
Prototype of first US dollar coins going up for auction
A piece of copper that was struck by the U.S. Mint in Philadelphia in 1794 and was a prototype for the fledgling nation’s money...
Venmo is into crypto, allowing users to buy Bitcoin, others
NEW YORK — Venmo will allow users to buy and sell cryptocurrencies on its app, the company said Tuesday, the latest mainstream financial platform...
‘Britcoin’ digital currency being considered by UK
LONDON — British authorities are exploring the possibility of creating a new digital currency that Treasury chief Rishi Sunak indicated could be known as...
Turkey to ban cryptocurrencies for buying goods, services
ANKARA, Turkey — Turkey’s central bank is banning the use of cryptocurrencies such as bitcoin in payments for goods and services, according to a...
Turkish central bank maintains key rate unchanged at 19%
ANKARA, Turkey — Turkey’s central bank on Thursday kept a key interest rate unchanged at 19%, in its first rate decision since the surprise...