EU should adopt common cryptocurrency rules, report for ministers says

By Francesco Guarascio and Peter Maushagen BRUSSELS, Sept 4 (Reuters) – The European Union should adopt common rules on cryptocurrencies and scrutinise how new digital units are distributed to investors and subsequently traded, according to a report prepared for EU finance ministers. In the report, the Brussels-based think tank Bruegel argues for EU-level regulation of …

Bitcoin plunges 14 per cent from record highs amid China blackout

Bitcoin fell by as much as 14 per cent to $51,541 on Sunday amid unconfirmed Twitter speculation that the US Treasury may crack down on money laundering that’s carried out through cryptocurrency. The selloff meant the cryptocurrency reversed most of the big gains it made over the past week.  The latest dip meant it was trading …

FOREX-Dollar rally pauses as Fed plays calm hand on inflation surprise

By Hideyuki Sano TOKYO, May 14 (Reuters) – The dollar took a breather on Friday but looks set to post weekly gains against a basket of currencies as investors weighed the risk of U.S. inflation rising faster than expected and prodding the Federal Reserve to hike interest rates sooner. A strong reading on U.S. wholesale …

EU should adopt common cryptocurrency rules, report for ministers says

By Francesco Guarascio and Peter Maushagen BRUSSELS, Sept 4 (Reuters) – The European Union should adopt common rules on cryptocurrencies and scrutinise how new digital units are distributed to investors and subsequently traded, according to a report prepared for EU finance ministers. In the report, the Brussels-based think tank Bruegel argues for EU-level regulation of …

Bitcoin has rallied after plunging below the $40,000 mark for the first time in more than three months, as Tesla boss Elon Musk insists the company will not sell any of its holdings in the cryptocurrency

Bitcoin has rallied after plunging below the $40,000 mark for the first time in more than three months, as Tesla boss Elon Musk insists the company will not sell any of its holdings in the cryptocurrency. Despite the turbulence, celebrities and others who bought in early are still up big – but small investors who …