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Brazilian stocks, currency hit by election uncertainties The currency lost 1.5 per cent to BRL3.4201 per dollar — a level last seen in December 2016 — making it the second worst performing currency among major emerging markets for the day, after the Russian rouble. Stocks also took it to the chin, with the benchmark Bovespa stock index dropping 1.8 per ...
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Bitcoin loses 5%, drags digital currency market lower Digital-currency prices slumped in New York trading Monday as the price of the No. 1 digital currency faces technical headwinds above $7,000, market participants said. The price of bitcoin BTCUSD, +0.92% fell from above $7,150 to a low of $6,628.91 in just over two hours, in early U.S. trading hours, ...
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OFAC Releases Guidance on Cryptocurrency For its part, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) recently released guidance—issued in the form of Frequently Asked Questions (FAQs)—explaining that transactions involving cryptocurrencies, also known as virtual or digital currencies, will be treated the same as other ...
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