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Tag: Currencies & ForEx

Turkey’s lira plunges to new low as Japanese investors sell

Turkey’s lira plunged to a new record as the central bank’s inertia exacerbates market concerns, fueling a selloff by Japanese investors. The currency hit fresh all-time lows versus the dollar, the euro and the yen on Wednesday, amid a lack of policymaker action to fight Turkey’s economic woes. The drop was exacerbated during thin liquidity […]

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Argentine peso falls to record low

The Argentine peso fell to a record low as the central bank changed its strategy to protect the currency and the International Monetary Fund said it would not set any exchange-rate targets for a standby loan. The peso dropped 5.5 per cent to 24.6 per dollar at 11:03am in Buenos Aires, pushing the decline this […]

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Spare change? Revolut offers Vault to Irish customers

Fintech firm Revolut has launched a new features that will allow customers to save spare change from their Revolut transactions in any of its 25 supported currencies. Vaults allows users to round up transactions and save the excess in their account in currencies including Bitcoin, Litecoin and Ether. The feature allows once-off or regular payments […]

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Bitcoin value falls following government warning in Japan

Bitcoin fell after one of the world’s largest cryptocurrency exchanges was said to face a government warning in Japan, heightening concern that increased regulatory scrutiny will curb demand for digital assets. Japan’s Financial Services Agency is planning to tell Binance, the trading venue founded by Zhao Changpeng, to stop operating in the country without a […]

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Bitcoin falls as exchange faces government warning in Japan

Bitcoin fell after one of the world’s largest cryptocurrency exchanges was said to face a government warning in Japan, heightening concern that increased regulatory scrutiny will curb demand for digital assets. Japan’s Financial Services Agency is planning to tell Binance, the trading venue founded by Zhao Changpeng, to stop operating in the country without a […]

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Bill Gates: cryptocurrencies have ‘caused deaths in a fairly direct way’

Bill Gates, the philanthropist and former chief executive of Microsoft, is concerned by the crytocurrency craze, saying that the anonymity offered by the new technology has “caused deaths in a fairly direct way”. Speaking during a Reddit AMA (Ask Me Anything), Mr Gates argued that “the government’s ability to find money laundering and tax evasion […]

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Bitcoin ‘totally asinine’, Buffett lieutenant Munger says

There cannot be many nonagenarians who spend their time worrying about cryptocurrencies. But Charlie Munger, the 94-year-old billionaire investor, is convinced that bitcoin is “noxious poison”. “I regard the bitcoin craze as totally asinine,” he told a packed hotel ballroom in downtown Los Angeles, where hundreds of what he called “groupies” gathered for what some […]

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Warren Buffett sidekick Munger calls bitcoin ‘totally asinine’

There cannot be many nonagenarians who spend their time worrying about cryptocurrencies. But Charlie Munger, the 94-year-old billionaire investor, is convinced that bitcoin is “noxious poison”. “I regard the bitcoin craze as totally asinine,” he told a packed hotel ballroom in downtown Los Angeles, where hundreds of what he called “groupies” gathered for what some […]

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Sterling in steep fall over Michel Barnier’s Brexit transition comments

The pound dropped abruptly on Friday morning after the EU’s top Brexit negotiator Michel Barnier warned that it is “not a given” that the UK and EU will be able to agree on a transition arrangement in time for the UK’s scheduled departure from the EU. Sterling fell 0.8 per cent on the session to […]

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Japan orders broader checks after $530m cryptocurrency theft

Japan’s financial regulator said on Monday it would inspect all cryptocurrency exchanges and ordered Coincheck to get its act together after hackers stole $530 million (€428 million) worth of digital money from its exchange in one of the biggest cyber heists on record. The theft highlights the vulnerabilities in trading an asset that global policymakers […]

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