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The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests, but banks will remain closed until Thursday - and even then subject to capital controls to prevent a run on deposits.
The hype has never been hotter for the Internet's No. 1 virtual currency. Is this the beginning of the end?
Riksat Reports That Eurogroup Meeting Delayed;
Cyprus imposes ATM withdrawal limit of €100 per day for island's two largest banks
Bitcoin is an unregulated, uncontrolled online currency – worth more than £500m, it's the world's fastest growing
"If we own it," Perry said, "I will suggest to you that that's not someone else's determination whether we can take possession of it back or not."
Earlier this month, we brought you the history of the U.S. dollar's incredible comeback.
PHOENIX - Arizona Republican lawmakers say privately minted gold and silver coins should be considered legal tender. The bill advanced in a 4-2 vote by a House committee Monday states that gold and silver is money and therefore shouldn't be subje
What will be the market impact from the Cyprus bailout?
Several hundred miles east of Kinshasa in the Democratic Republic of Congo, the mighty Kasai river forms the boundary between two little known tribes of central Africa– the Bushong and the Lele.
The ostensible reason given by our rulers for suppressing cash is to keep society safe from terrorists, tax evaders, money launderers, drug cartels and sundry other villains, real or imagined.
The two most hated currencies in the world are the yen and the British pound.
Last night, Sam Ro posted this chart from Morgan Stanley, which shows the correlation between the US dollar and the S&P 500.
The yen is falling again today.
The Bitcoin market is booming.
Hey Everyone, Back here with an update on Bitcoin. It's trading at about $46.50 this morning and as I predicted well on it's way to $100 and over.
The euro just fell to its lows of the day.
The two most hated currencies in the world right now are: The Japanese Yen and The British Pound.
"Currency wars" are all the rage right now.
With the G-20 (and G-7) concluding with what appears to be a slap on the wrist and a wink-and-a-nod to Japan, it seems the game of competitive devaluation will continue.
The following are the word from the G20 final communiqué that could weigh on the FX markets in coming days:
As markets decline in Europe, in part thanks to ugly GDP reports, the Euro is getting clobbered.
Ron Paul was on Bloomberg’s Lunch Money discussing the developing currency wars.
Will oil soon be traded in a currency that is thousands of years old?
"We're going to kill the dollar"
Last week Amazon announced a new way for customers to buy and sell goods on its massive online retail platform: a new virtual currency called Amazon Coins.
With the web’s mightiest retailer behind it, the coins could grow into something significant.
Earlier today, the G7 made a fairly mild comment about how there should be market-based exchange rates.
Back in 2008, at the onset of the derivatives and credit collapse, I wrote several economic editorials discussing what I saw as the single most vital trend in the global fiscal system, and how it would cause a disastrous upheaval that would leave the
As countries try to weaken their currencies to boost exports, the risk of a currency war similar to events seen in the 1930s has heightened, and policymakers are making sure they are on the winning side, according to Morgan Stanley.
