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Venezuela knocks three zeros off ailing currency amid hyperinflation CARACAS (REUTERS) - Venezuela's President Nicolas Maduro ordered a re-denomination of the ailing bolivar currency on Thursday (March 22), by knocking three zeroes off amid hyperinflation and a crippling economic crisis. The measure to divide the so-called bolivar fuerte - or "strong bolivar" ...
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PBOC's Ex-governor Zhou Xiaochua Says "Digital Currency Is Inevitable" According to Zhou Xiaochua, the outgoing governor of the People's Bank of China, the introduction of digital currency is "inevitable", but should be carried out in a "steady and orderly fashion." Notably, Chinese government has already started working on a state-backed cryptocurrency called DCEP ...
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Twitter Founder: Bitcoin Will Be World's 'Single Currency' The Twitter co-founder acknowledged that Bitcoin would first need to surpass the U.S. dollar in importance and would also need to overcome transaction speed and cost obstacles before it could be welcomed as a reliable world currency. In his remarks to the Times, Dorsey suggested that achieving that ...
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Office Of The Comptroller Of The Currency Reports Fourth Quarter 2017 Bank Trading Revenue The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $5 billion in the fourth quarter 2017, $1.4 billion, or 21.2 percent, lower than the previous quarter. In the report, Quarterly Report on Bank Trading and Derivatives ...
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