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.

Is Onecoin A $4 Billion Scam Or A Real Cryptocurrency?

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Digital currency OneCoin is in a mess with thousands of investors locked out of their money and the scheme’s founder on the run from US authorities accused of running a pyramid scam. Police and regulators reckon OneCoin has raised £4 billion from tens of thousands of investors around the world. Founder Ruja Ignatova argues OneCoin … Read more

Crypto Platform Slammed For Misleading Advertising

Crypto-derivatives trading platform BitMEX published misleading advertising in a leading UK newspaper with a graph showing exaggerated returns from investing in Bitcoin. Consumer watchdog the Advertising Standards Authority (ASA) ordered the exchange not to publish the ad again – and to make sure future financial claims were laid out in a way that could be … Read more

How UK Crypto Traders Can Avoid Tax Pitfalls

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Buying and selling cryptocurrencies can be a minefield for taxpayers who fail to keep accurate records, according to a leading online trading platform. In Britain, HM Revenue & Customs (HMRC), online platform eToro and the accounting trade body ICAEW recently got together to offer tax advice to crypto traders in a webinar. The online discussion … Read more

Travel Money Secrets Revealed For Expats And Tourists

Forex hacks for expats and travellers can make a huge difference to the cost of spending abroad, but few have the knowledge to make managing their money pay. Independent financial monitor Defaqto has lifted the lid on the cheapest and most expensive ways to spend in a foreign country to help smart travellers make their … Read more

Watchdog Plans UK Ban On Crypto Derivatives

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City regulators are proposing a ban on selling investors derivatives and exchange traded notes based on cryptocurrency. The Financial Conduct Authority believes consumers fail to understand the risks of the market. A damning analysis fears investors face sudden and unexpected losses and argues the market should be cleared of poor products. The FCA went on … Read more

Bitcoin Takes Another Dive As Price Crashes To $9,500

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Cryptocurrency has taken a bashing again – and much of the problem was self-inflicted. The price of Bitcoin has tumbled after flirting within grasp of a new year high of $14,000. The exchange rate is now struggling to maintain $9,500 after losing 8% of value in a day. The slump follows a sustained attack from … Read more

£10 billion Bitcoin Court Case Stuck In Deadlock

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An intense battle is going on behind the closed doors of a court in Florida, USA, to determine who could be crowned as the inventor of cryptocurrency Bitcoin. Satoshi Nakamoto is the name on the paper that first introduced Bitcoin to the world, but the shadowy figure has never come forward to collect the rightful … Read more

Bing Ban For 500,000 Cryptocurrency Ads

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Microsoft’s internet browser Bing blocked more than 5 million cryptocurrency ads last year. The data was revealed in Microsoft’s annual review of advertising quality. Microsoft explained that digital advertising is a powerful and open channel. “it is also prone to abuse by bad actors trying to defraud and deceive users by delivering harmful and misleading … Read more

Cryptojacking Detections Soar By 450%

Cryptojacking has increased by more than 450% this year and shows no sign of slowing down, according to new research. Cryptojacking is when a remote computer illicitly takes control of a device and harnesses the processor power to mine cryptocurrency. The Cyber Threat Alliance (CTA) says detections of malware have increased by 459% in 2018. … Read more

Online Shoppers Just A Click Away From Crypto Payments

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If you want to go shopping online to pay in cryptocurrency, a new app for one of the world’s leading shopping platforms will open the way. Magento is a market-leading shopping and payment software system for online merchants with more than 200,000 web store outlets selling just about anything anyone would want to buy while … Read more