The Man Charged With Steering the Yuan Through China’s Economic Turmoil
Pan Gongsheng has experience in high-stakes tasks, but China’s fragile economy raises new risks. Source link
Currency markets
Inflation Drags Eurozone Economy Into Recession
High energy and food prices following Russia’s invasion of Ukraine hit household spending in Europe. Source link
What Is Happening With Binance?
The SEC sued the largest crypto exchange and its controlling shareholder, saying they enriched themselves at investors’ expense. A look...
Circle’s USDC Stablecoin Breaks Peg With $3.3 Billion Stuck at Silicon Valley Bank
MarketsCurrenciesCryptocurrencySpooked investors cashed out over $2 billion worth of USD Coin, knocking the dollar-pegged token below 87 cents Source link
FTX Files for Bankruptcy; Sam Bankman-Fried Steps Down as CEO
The cryptocurrency platform said Sam Bankman-Fried would remain at the company to assist with an orderly transition and it would...
U.K. Treasury Chief Jeremy Hunt Looks to Reassure Markets With New Tax Plan
LONDON—New U.K. Chancellor Jeremy Hunt will make a statement later Monday, unveiling new public spending and tax policies as he...
U.K. Market Woes Threaten Economic and Political Crisis
The U.K. continued to try to stave off a financial and economic crisis on Wednesday as the country’s central bank...
British Pound, Bonds Roiled as Tax-Cut Plans Spook Investors
LONDON—The U.K.’s beleaguered pound hit its lowest-ever level against the U.S. dollar before recovering slightly Monday, as investors worried about...
Dollar’s Rise Spells Trouble for Global Economies
The U.S. dollar is experiencing a once-in-a-generation rally. For the rest of the world, that is a big problem.The dollar’s...
The Crypto Party Is Over
On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If...
Digital Dollar Could Coexist With Stablecoins, Fed Vice Chairwoman Says
WASHINGTON—A U.S. central bank digital currency could one day provide consumers with a level of safety amid a proliferation of...
Justice Department Says It Seized $3.6 Billion Worth of Bitcoin Stolen in 2016 Hack
WASHINGTON—The Justice Department said Tuesday it seized over $3.6 billion worth of digital currency stolen during a hack of a...
Turkey Rolls Out Economic Rescue Plan, Reversing Lira’s Spiral
ISTANBUL—Turkey’s currency mounted a dramatic, partial reversal from a monthslong collapse on Tuesday after President Recep Tayyip Erdogan announced a...
Bitcoin Fraud Concerns Draw Scrutiny From Regulators
Regulators are signaling they want more control over an expanded cryptocurrency universe that has pushed further into Wall Street activities...
Bitcoin Price Slips on Elon Musk’s Breakup Meme Tweet
Bitcoin, dogecoin and other cryptocurrencies skidded Friday, extending their monthlong rout, following another cryptic tweet from Elon Musk. Bitcoin was...
Elon Musk Says Tesla Has Suspended Accepting Bitcoin for Vehicle Purchases
Tesla Inc. TSLA -4.42% Chief Executive Elon Musk said the company has suspended accepting bitcoin as payment for its vehicles.“We are concerned...
The ballooning money supply may be the key to unlocking inflation in the U.S.
A woman counts U.S. dollar bills.Marcos Brindicci | ReutersWith the Federal Reserve and Congress pushing stimulus efforts to new heights,...
