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Venture Capitalists Seek 'Safe Harbor' for Virtual Currencies SAN FRANCISCO — Venture capitalists and entrepreneurs have been lobbying federal regulators to protect at least some virtual currencies from being categorized as securities, a designation that would carry significantly more oversight. The venture capital firm Andreessen Horowitz helped assemble a ...
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Swiss franc weakens past symbolic SFr1.20 level The Swiss franc has softened past the symbolic "line in the sand" level of SFr1.20 per euro for the first time since the Swiss National Bank scrapped its hard upper limit on the currency in 2015. The drop culminates a steady decline for the currency, traditionally a haven in times of geopolitical uncertainty ...
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Hong Kong Rates Reach 2008 High After $6.5 Billion Intervention The scale of the HKMA's buying may spur traders to unwind arbitrage positions, providing a short-term support to the Hong Kong dollar before the currency weakens again, Ngan said. The Hong Kong dollar moved away from the HK$7.85 limit of its band against the greenback on Thursday, rising as ...
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