One of the largest online robberies in history occurred when a major cryptocurrency exchange claimed it was the target of a sophisticated attack that took
Category: CURRENCIES
Billionaire Trump’s bid to scrap the lowly U.S. penny will drive consumer prices up.
On Sunday, President Donald Trump posted on his Truth Social media account that U.S. Treasury Secretary Scott Bessent had been directed to stop producing the
The ECB proposes the digital euro as a counter to Trump’s quest for crypto.
Piero Cipollone, a member of the European Central Bank board, stated on Friday that eurozone banks require a digital euro to react to U.S. President
Investors embrace safe-haven currencies, as the Kremlin lowers the nuclear threshold.
Investors flocked to safe-haven currencies, such as the yen, Swiss franc, and US dollar, following a warning from Russia about its revised nuclear strategy. President
Bitcoin hits $80,000 for the first time on victory of Trump 2.0
Following Donald Trump’s resounding victory in the U.S. presidential election earlier in the week, Bitcoin hit a record $80,000 earlier in the session and was
FTX to use $16.5b in assets to repay 98% of customers in a model case of Chapter11 bankruptcy.
On Monday, the court approved FTX’s bankruptcy plan, enabling it to use the $16.5 billion in assets it has collected since the fall of the
Americans duped $5.6b last year in cryptocurrency fraud schemes. – FBI
In a report released on Monday, the FBI stated that fraudulent schemes employing bitcoin defrauded Americans of over $5.6 billion last year, a 45% increase
US SEC sues crypto start-up firm over alleged $1b global pyramid scheme fraud.
The cryptocurrency startup NovaTech and its married co-founders were sued by the U.S. Securities and Exchange Commission on Monday. According to the commission, the pair
German police impound $103m fake US currency from Turkey destined for America.
German officials reported on Friday that they had found fake US dollar bills worth over $103 million. The bills appeared to have originated in Turkey
Swiss National Bank sold FX worth $150b to support the franc against imported inflation.
The Swiss National Bank announced on Tuesday that it had sold foreign currency in 2023 for a total of 132.9 billion Swiss francs ($149.51 billion),
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