Binance loses $41 million as exchanges grapple with growing threat from hackers
Binance, one of the world's biggest cryptocurrency exchanges, fell victim to a major data breach on Sunday evening.
The "security breach" as Binance is reporting it, led to 7,000 bitcoin being taken from the exchange...
Hong Kong intervenes to protect dollar peg
Hong Kong is rushing to intervene as the country's currency inches alarmingly near to unhinging from its USD peg.
This month alone, the Hong Kong Monetary Authority has invested HK$ 7.4 billion (US$ 1 billion)...
Coinbase Custody completes first cold-storage OTC trade
If you're active in the crypto community and have been on Linkedin at any time in the previous year, I am sure you're aware of how much of a 'wild west' the OTC market...
Tether no longer backed by fiat alone
Tether, among the most popular stablecoins in the cryptocurrency world, is a widely used vehicle for hedging against the volatile crypto market, as well as getting dollars in and out of exchanges easily. And...
The catalyst that could wake sleeping FX markets
FX markets have been surprisingly calm over the past few years, and it looks like only a crisis might wake the sleeping bear.
This week, the JP Morgan global foreign exchange volatility index fell to...
Why crypto could spark a financial revolution
Listen, we all know what happened with crypto markets last year…
Investors lost their shirts. There was blood in the streets. Major news outlets declared the death of the space. But you and I both...
Dollar takes a hit as trade war woes worsen
The U.S. dollar is revealing weakness at the start of the week, as investors bet on a dovish Fed and disappointing financial growth.
The U.S. dollar fell versus all the notable currencies other than the...
Bitcoin prices fall below key support level
Bitcoin prices are down over a percent on the day, trading around $3,960 range, according to CoinMarketCap.
Some experts believe that if Bitcoin fails to stabilize above $4,000, a further drop could be expected as...
Gold falls below $1,300 as the dollar rebounds
Gold crept upward slightly over the weekend in its path to a second quarterly rise as the dollar fell slightly on lukewarm U.S. financial data.
U.S. consumer spending rose less than forecasted in January and earnings...
Hyperinflation hits the U.S. dollar in Venezuela
As Venezuela's embattled government continues its downward spiral, hyperinflation is soaring. And now, not even the U.S. dollar is immune.
Once a prosperous country, Venezuela is suffering from the collapse of its economy amid corruption,...
