Wednesday, December 12, 2018
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Currency

The world’s money markets can change within minutes – and new developments are taking place every second.
To keep you up to speed, our currency writers provide you with the latest news on the international and FOREX markets, foreign exchanges, currency exchange rates, and other relevant financial matters.
We also provide commentary and groundbreaking analysis so you have a broad understanding of the developments shaping economies.
Whether you require the latest currency news as a trader, are thinking of widening your investment portfolio, or would simply like to keep abreast of the latest exchange rate developments, we deliver.

The massive surge in the price of Bitcoin from $900 to nearly $20,000 last year was like the spread of an infectious disease, says an economist. The 900% increase in Bitcoin value was driven by buyers clamouring for a stake in the digital currency buoyed by the euphoria surrounding the...
The numbers just don’t add up in the first state-backed cryptocurrency offering. Venezuela launched El Petro amid a blaze of publicity with President Nicolas Maduro claiming that the venture raised $5 billion for the cash-strapped economy that has seen inflation rage like a wild fire for the past five years. Mismanagement...
The rise of cryptocurrencies seems to be making divorce cases more complicated. Due to the couples concerned needing to come to an agreement on how their assets will be divided, there is now widespread discussion on how cryptocurrency as an asset, should be dealt with. While it’s easy to say...
The cryptocurrency gravy chain that saw so many investors make huge profits from soaring investment values seems to have hit the buffers. All the major cryptocurrencies other than Ethereum are trading down and have a market value that is at least a huge 50% below the highs of only a...
Europe’s top policeman has joined the clamour for more regulation of cryptocurrency to stop organised crime gangs from laundering their illicit cash. Europol director Rob Wainwright reckons criminals generate £100 billion each year from people trafficking, drugs, illegal weapons and other activities - and that between £3 billion and £4...
Banks are banning cryptocurrency purchases on credit cards because they fear they will be left holding huge debts if something goes wrong with the transaction. The banks and card issuers have concerns about how they can manage cryptocurrency issues. The major worry is that customers could buy into a cryptocurrency, such...
Bitcoin flirted with a $20,000 valuation before falling to $18,500 at the close of the first day of trading futures on the massive Chicago Mercantile Exchange. The day marked another step towards acceptance as a mainstream investment in this year’s phenomenal rags to riches story of the cryptocurrency as the...
Bitcoin has broken new ground with the price heading to new record highs this week – but should you invest in cryptocurrencies? Bitcoin may be the most well-known, but more than a thousand cryptocurrencies are living on the internet. Few are worth more than a few dollars, with Ethereum and Ripple...
Expat investors buying homes in Britain are cashing in on massive discounts afforded by the falling value of the Pound. Currency exchange rate fluctuations are piling up cash reductions on the price of property. Investors in 18 of the G20 developed nations can all pick up discounts of between 9.5% and...
British investors who want to buy into the Bitcoin bonanza have few choices about where to go to make a secure purchase. But one UK online fund supermarket has opened the door on Bitcoin investing by offering access to the market for SIPP and brokerage accounts. Investors can buy into exchange...
Money transfer firms are ripping off customers by making them pay four times over the odds to switch their cash from the UK to an overseas destination, according to experts. More than £600 million is wasted each year in transfer fees – most of which the operators are hiding, claims...
The utility and power of Bitcoin can be debated to no end. Some view it as the next stage in world currency—a clever and robust digital alternative that in time will replace conventional forms of money. Others view it as an potential investment, something to be bought and stored...
A money transfer firm has beaten a challenge to build a  cheaper foreign currency exchange system for a leading bank. Money mover CEO Hamish Anderson was asked to build an online dashboard for NatWest Bank based on the firm's innovative cash transfer system. After months of planning, the dashboard went live...
There’s a new quid on the block today as the old pound coin bows out in favour of a sleeker, shinier version. The old pound coin was introduced in 1983 when a loaf of bread cost 38p and a kilo of Cheddar cheese weighed in at £2.55. Today, the bread costs...
The value of virtual currency Bitcoin is bouncing around trying to find a new level after hitting a new high. Over the past two weeks, the currency exchange rate climbed a massive 40% to hit a new peak of $1,140. Then, the value fell away spectacularly by a fifth in just...