Argentina Names New Central Bank Chief as Peso’s Plummet Worsens
July 11, 2018

Argentina’s central bank is getting a new chief after the monetary authority failed to stop the peso’s plunge despite obtaining the biggest loan in the history of the International Monetary Fund.

Luis Caputo, previously the finance minister, will take over Continue reading

Erdogan Election Triumph Takes Turkey Into Era of One-Man Rule
July 5, 2018

Recep Tayyip Erdogan, modern Turkey’s longest-serving ruler, won a mandate to govern with sweeping new powers after a double victory in presidential and parliamentary elections.

Erdogan had 53 percent of the presidential vote to 31 percent for his closest challenger, Continue reading

Asian Stocks Drop With U.S. Futures; Lira Climbs: Markets Wrap
July 5, 2018

Asian stocks fell with U.S. equity-index futures and the yen advanced as investors assessed prospects for continuing trade tensions between U.S. and China. Turkey’s lira climbed after Recep Tayyip Erdogan claimed victory in the weekend’s election.

Japanese stocks turned lower Continue reading

Bitcoin’s Plunge in Volume Stirs Questions About Its Usage
March 13, 2018

Earlier this year, when Bitcoin’s price fell by more than 60 percent from its record close, a less-noticed Bitcoin figure also plunged: the number of daily transactions.

There are many explanations for the fall-off in trading, from software- to news-related. Continue reading

World’s Top-Ranked Crypto Exchange Adds 240,000 Users in One Hour
January 14, 2018

The world’s biggest cryptocurrency exchange keeps getting bigger.

Hong Kong-based Binance.com is adding “a couple of million” registered users every week, with 240,000 people signing up in just an hour on Wednesday, Chief Executive Officer Zhao Changpeng said in an Continue reading

Thiel’s Founders Fund Has Been Quietly Buying Bitcoin Since 2012
January 10, 2018

Bitcoin has gained global fame in the past year, but it’s been popular at Peter Thiel’s venture firm since at least 2012.

Founders Fund, Thiel’s San Francisco-based firm known for early bets on SpaceX and Airbnb, has been purchasing small Continue reading

Bitcoin Lost Almost 20% of Its Value This Week
January 5, 2018

Bitcoin faced one of its biggest tests this week, losing almost 20 percent of its value after the world’s largest cryptocurrency reached a record high Monday.

The digital currency plunged as much as 30 percent on Friday, before paring losses, as Continue reading