Saturday, January 19, 2019
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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 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...
Black market spivs and organised crime gangs are the target of pulling millions of currency notes out of circulation in Venezuela. With inflation so high that the government has stopped recording the statistics, a 100 bolivar note is worth a few US cents on the black market in Caracas and...
Expat shoppers are cashing in on the slump in the pound by buying their favourite groceries and clothes online from British web sites. Online retailers have seen a massive spike in sales as the result of the plunging pound. One major clothing retailer, ASOS, saw their web site crash. The official reason...
Horrified investors who have accounts with one of the world’s largest Bitcoin exchanges are set to lose more than a third of their money following a $65 million hack. Even if their accounts were unaffected by the theft, Bitfinex will take 36% of their deposits to help compensate customers who...
Gibraltar is launching a bid to become the world’s virtual currency hub with an exclusive exchange traded instrument for investing in Bitcoin. BitcoinETI will trade on the Gibraltar Stock Exchange (GSX) and colisted on the German Deutsche Bourse under the ticker BTCETI. The move is the first officially traded and regulated...
The halvening has passed as expected – slashing the value of newly mined units of the virtual currency Bitcoin by 50%. The halvening was an automatic slowdown in the generation of new Bitcoin written into the master code. The authors have included halvenings at prespecified times to preserve the value of...
The unpredictable progress of Bitcoin hit another downward spiral as more crooked dealings were revealed. Bitcoin hit a two-year high of around $775 just a few days ago and then plunged by 25% after a major exchange went offline after an attack by hackers. Investor confidence was badly shaken when an...
Transferring money from Britain to Thailand often leaves a sour taste because most people think the bank or exchange bureau has conned them. The companies are in foreign exchange quite literally for the money. They know that anyone who wants to send money between countries and currencies has to use a...
A foreign exchange firm that won customers by slamming banks for overcharging customers is accused of basing the claims on misleading data. TransferWise has taken the foreign exchange market by storm by rubbishing rivals but failed to explain how customers can save money with their service despite relying on the...
The Australian Dollar may be riding high for now, but a reality check is on the way and the price is expected to fall against the US Dollar by the end of the year. BNP Paribas global head of FX Steven Saywell predicts the Aussie dollar will drop from the...
Virtual currency Bitcoin has suffered a lot of bad press due to a lack of security and regulation for investors but the founders are taking steps to make trading safer for consumers. Tyler and Cameron Winklevoss, two of the founders of the virtual currency, are concerned about fraudsters ripping off...
Expats are bearing the brunt of the Bank of England’s plans to punt interest rate rises into touch. Bank of England governor Mark Carney has put any thought of a rate rise out of mind for many months. He blames low inflation and economic volatility around the world. The news has sent...
A landmark court ruling has sorted out some of the issues for trading the virtual currency Bitcoin. The Court of Justice of the European Union (CJEU) has ruled the supply of Bitcoin is exempt from VAT, but any service involved in the transaction, like the cost of trading is not. The...
Advertising watchdogs are warning expats to watch out for misleading foreign exchange rates quoted by currency brokers. The alert from the Advertising Standards Authority comes after broker World First was rapped for displaying exchange rates that were unavailable to customers on their web site. Rival foreign exchange firm Eris FX complained...
Bitcoin hackers stole £3.2 million of the virtual currency by accessing secure servers through an unprotected personal computer in an online attack on leading exchange Bitstamp, according to a leaked report. The report allegedly drafted by Bitstamp investigators pinpointed a personal laptop linked to the exchange computer network as a...