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| Morocco Adopts More Flexible Exchange Rate to Boost Standing The dirham is pegged to a two-currency basket weighted 60 percent to the euro and 40 percent to the U.S. dollar. It closed at 9.25 on Friday. Morocco's central bank has been promising exchange rate liberalization for years, and the move had been expected in the second half of 2017. As the year went ...
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| Young South Koreans slam cryptocurrency trading crackdown If the rich are born with silver spoons in their mouths, too many young people must settle for "dirt spoons," a term that has gained currency in South Korea. Cryptocurrency exchanges have captured the imagination of many as a means of breaking free from a dirt spoon life, said Kwak Geum-ju, a professor ...
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| Miners of Venezuela's oil-backed crypto currency to meet with president Maduro Today, Nicolas Maduro is set to convene a meeting of miners of his country's new oil-backed cryptocurrency, the petro. Caracas plans to issue 100 million coins in coming weeks. Announced last month, one petro will equal one barrel of Venezuelan oil––about $50. The currency will allow foreign buyers ...
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| Bitcoin Today: Critics, Regulators Sound Off Friday While KFC Canada Jumps In Former Federal Reserve Governor Randy Kroszner said that bitcoin shouldn't be considered a currency, but rather an asset. "At least right now, they're not really being used as currency. Currency we typically think of being used as a medium of exchange, a unit of account," Kroszner said. But "very little is ...
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| Ripple (XRP) Trades Higher To Surge Past $2. Five Things To Know Ripple is the third most popular currency after bitcoin (BTC) and ethereum (ETH). Until December 28, ripple had never hit the value of $2. However, on December 29, it hit a high of $2.27, though briefly. Afterwards, it traded above $2 for most of the trading days. 2. Ripple, despite being just after ethereum ...
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| Commentary: Kodak's New Cryptocurrency: Ridiculous or Genius? Why is Kodak making this move? One argument is that it's a cheap way to access capital—something Kodak may not be able to do easily from traditional investors these days. Beyond generating cash, the strategy can provide incentive for buyers of the new currency to be the early adopters of the Kodak ...
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| Two Indians arrested for printing fake currency in Nepal Two Indian nationals have been arrested for their alleged involvement in printing counterfeit Nepalese rupee notes, police said. Acting on a tip-off, a special team of police caught Balbir Singh, 22, and Krishna Singh, 20, on Thursday from Bhimdutta Municipality of Far-Western region when they were ...
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| Bank Indonesia bans virtual currency as means of payment Based on Law No.7 of 2011 on Currency, any transaction intended to make payments or settle other obligations using currency or other financial transactions made in the Indonesian territory must use the rupiah, Executive Director of the BI Communication Department Agusman stated here on Saturday.
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