Crypto market cap surges above $1 trillion for first time

The total market value of all cryptocurrencies rose above $1 trillion for the first time on Thursday as Bitcoin surged to a record high, according to data by crypto coin trackers CoinMarketCap and CoinGecko. Bitcoin has jumped more than 900% to $38,655 on Thursday, from $3,850 in March, as govern

Can Bitcoin’s value really soar to $400,000? – Pocketful of Dirhams

After soaring 300 per cent last year, Bitcoin’s value is still on the rise, as investors pile funds into the leading cryptocurrency. The prices of many other digital coins have also increased sharply, as cryptocurrencies experience a mini boom.   While some analysts are making w

Sterling weakens against euro as post-Brexit deal rally falters

The pound weakened versus the euro on Britain’s first day of trading outside the EU, but strengthened against a softer dollar, climbing above $1.37 for the first time since May 2018, as traders weighed up Brexit relief with COVID-19 risks. The pound had strengthened after a last-minute Brex

US moves against money laundering

WASHINGTON: A major avenue for global money laundering and tax evasion has been closed off by a new law requiring disclosure of owners of US shell companies used to hide billions of dollars. The Corporate Transparency Act was included in the US defense appropriations bill passed into law by

Bitcoin rallies above $30,000 for first time

Digital currency Bitcoin extended its record-smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method. The price of the world’s most popular cryptoc

Bitcoin is breaking historical levels

Bitcoin hit a new record high, reaching $ 28,579 during trading, close to the psychological level of $ 30,000. According to CoinDesk, which specializes in monitoring the cryptocurrency markets, the "Bitcoin" currency, by 15:50 Moscow time, reached 27,862 dollars, after it had recorded 28,579 doll

The euro hits its highest level against the dollar since April 2018

On Tuesday, the euro hit its highest level against the US dollar since April 2018, rising to $ 1.2274. The dollar fell to near a two-and-a-half year low on Tuesday, as investors' appetite for risk increased as US lawmakers went ahead with an enhanced aid package linked to "Covid-19". European st

Turkey's lira jumps to a 5-week high against the dollar

The Turkish lira jumped to a five-week high on Thursday after a bigger-than-expected interest rate hike that raised investors confidence about the central bank's ability to bring inflation under control, reports Reuters. The lira firmed over 1% to as much as 7.5420 per US dollar compared to

U.S. dollar rises versus most currencies on new virus strain

The dollar gained against most currencies on Monday in a choppy, holiday-shortened week, as a fast-spreading new coronavirus strain prevalent in Britain prompted investors to seek safety in the greenback. The dollar index hit a 10-day high earlier in the session, but then turned lower on the day.

Iraq devalues currency by 22 per cent

Iraq has seen the biggest devaluation of its currency since the 2003 US led invasion with the Central Bank announcing on Saturday that it was devaluing the dinar by 22 per cent. The desperate measure, undertaken in response to a severe liquidity crisis brought on by low oil prices, has sparke

The "Bitcoin" currency records an unprecedented increase in the exchange of 24 thousand dollars

Financial sources announced that the exchange rate of the cryptocurrency "Bitcoin" reached a new level at all, surpassing $ 24,000. Currency "Bitcoin" price exceeds 23 thousand dollarsThe sources pointed out that the previous record for the exchange rate recorded was last Thursday, when the excha

Dollar gets global beating as stimulus, Brexit boost risk appetite

The dollar fell to its lowest in more than two years against major currencies on Thursday as U.S. lawmakers wrangled over stimulus details, the Federal Reserve stuck to its current policy guns, and a post-Brexit trade deal boosted appetite for risk. After months of feuding and with a weekend dead

Bitcoin is at its highest level ever ... it has crossed the $ 20,000 barrier

Bitcoin reached its highest level ever, as it crossed the $ 20,000 barrier while investors continued to buy the cryptocurrency during the Coronavirus pandemic. This year has been very positively reflected on the Bitcoin currency, as its value has doubled 3 times, as investors gravitated to it and

Sterling losses deepen to drop by 1% on Johnson’s Brexit remarks

The British pound extended losses Friday to drop more than 1 percent against the dollar after Prime Minister Boris Johnson warned that a no-deal Brexit was “very, very likely.” The pound slumped by 1.2 percent to hit $1.3135, the lowest level since mid November, while the euro rose by

Turkish Lira Slips as US Moves Closer to Sanctions Over S-400s

Turkey’s lira slipped on Friday after US lawmakers included mandatory Turkish sanctions in a defense spending bill that moves Washington a step closer to punishing its NATO ally for buying Russian S-400 missile defenses last year. The final version of the $740 billion annual US defense spen

Turkish Inflation Hits 14% in November As Lira Plunges

Turkey's annual inflation surged to 14.03% in November as the lira weakened, its highest since August 2019 and well above a 12.6% forecast, keeping up pressure for tight monetary policy after last month's rate hike. Ankara replaced its central bank governor in November as part of a promised polic

Can Bitcoin take the shine off gold?

Bitcoin has shot to a record just as billions of institutional dollars have fled gold. Whether that’s a simple coincidence or the start of a rotation that would have a profound impact on crypto and the precious metals market is impossible to know for sure. But the debate is now heating up o

Dubai to Drop Banknotes in Payments

Dubai’s government is seeking to drop banknotes by shifting all payment transactions to secure and easy-to-use cashless platforms. Dubai said it has formed the “Cashless Dubai Working Group,” which brings together Smart Dubai, Dubai’s Department of Finance (DOF), the Supre