currency

Bitcoin’s month long rally is showing no sign of letting up, with the price of the digital token topping $15,000 for the first time since January 2018. The cryptocurrency saw its value increase

A former JPMorgan Chase foreign exchange trader was sentenced Thursday to eight months in prison, following his November 2019 conviction for conspiring with traders at other banks to rig currency trades. Akshay Aiyer, 37, was also sentenced to two years supervised release and fined $150,000 by Manhattan Federal Judge John Koeltl. Prosecutors had sought up …

Scammers and thieves supposedly made off with around $24 million in Bitcoin in the first six months of 2020, according to reports. Twitter bot Whale Alert, which tracks large transactions of cryptocurrency such as Bitcoin, worked with Scam Alert to produce a “crime reporting, tracking and analysis” report. Bitcoins, as a digital cryptocurrency, verifies every …

New York’s financial regulator on Wednesday proposed new licensing rules that would make it easier for companies to engage in cryptocurrency business — using such digital currencies as bitcoin — in the state. The New York State Department of Financial Services is asking for the public’s input about the plan by Aug. 10. The initiative …

Stephen Roach, Yale University senior fellow and former Morgan Stanley Asia chairman, has a warning for US dollar bulls. The prominent economist says that the era of the US buck may be coming to an end and is forecasting a 35% decline soon in the US currency against its major rivals, citing increases in the …

The dollar dropped to a three-month low on Wednesday as speculation increased that the Federal Reserve will announce later in the session it intends to keep the recent rise in bond yields in check. Concern about possible measures or even a simple statement of intent by the Fed to hold down the yields of US …

A US cryptocurrency investor on Thursday sued a suburban New York high school senior, accusing the 18-year-old of being the mastermind and ringleader of a cybercrime scheme that defrauded him out of millions of dollars in digital currencies. The plaintiff, Michael Terpin, accused Ellis Pinsky, of Irvington, NY, and his alleged co-conspirators of stealing $23.8 …

The coronavirus pandemic is plunging the European Union into a recession, the European Commission said Wednesday in its spring economic forecast. Predicting a “recession of historic proportions,” the commission warned that the Eurozone economy will contract by 7.5 percent in 2020 — a record number that surpasses the damage caused by the 2009 financial crisis. …

The COVID-19 pandemic can be used to illustrate two problems that are both more destructive than the virus. The problems relate to how Americans view the role of government in their lives and to the belief that government money can always fix problems.  Let’s Look at the Money Issue First The immediate reaction of our …

Toni Lane Casserly — a cryptocurrency entrepreneur known in the industry as the “Joan of Arc of blockchain” — died last week, her family said. She was 29. A sought-after public speaker and co-founder of the cryptocurrency news website Cointelegraph, Casserly was known as a staunch advocate for the blockchain technology that helps power the …