"It's all but impossible, to tell you the truth, both practically and legally," Robert Hockett, a Cornell University professor of law and finance, told Insider on Wednesday.
Police seized the rigs from miners who allegedly stole $2 million worth of electricity.
The US Coin Task Force discovered that of the roughly $48.5 billion of metal currency in circulation, much is "sitting dormant" in households.
The latest bout of volatility comes after a multi-day selloff that sent the price of ether and bitcoin plummeting.
"The crypto markets are very young and we expect many more companies to compete for the profits Coinbase enjoys today," CEO David Trainer said.
The lira is in crisis, inflation is spiralling and Turkish monetary policy has lost all credibility, Commerzbank says.
The lira is tumbling, as well as domestic stocks and bonds, after the Turkish premier installed the third governor in two years.
Prosecutors in Bavaria, Germany, said they'd seized about 1,700 bitcoin worth $68 million, but the owner won't give up his password.
Germany police reportedly seized about 1,700 bitcoin, but the owner won’t give up his password. “Perhaps he doesn’t know” the password, a German prosecutor told Reuters. At Saturday’s bitcoin price, the stash was worth about $US67.9 million. Visit the Business section of Insider for more stories. German prosecutors reportedly are […]
The Winklevoss twins pitched a large purchase of Bitcoin today as the “trade of the century” and predicted the digital currency will soar by 30 times in a recent Real Vision interview. Tyler and Cameron Winklevoss also described Bitcoin as a social network, suggested comic books and baseball cards would […]
To use the PayPal currency calculator, you need to log into your account and open the “Wallet” page. PayPal’s currency calculator lets you convert money amounts between nearly two dozen global currencies. The exact conversion rates are updated often, so you’ll always know how PayPal will convert your money. Visit […]
Kristo Käärmann, CEO and co-founder of foreign exchange platform TransferWise, says it makes perfect sense for Australia’s big four banks to integrate the company’s platform in order to get their customers back. Käärmann told Business Insider Australia that after its successful partnership with Up, TransferWise had a number of other […]
Billionaire Investor Bob Prince told Bloomberg that near-zero interest rates have created a “very problematic scenario for any traditional investment strategy.” The Bridgewater Associates co-CIO included three implications low rates have on portfolios: a low discount rate on earnings, a weak currency, and little risk diversification. Visit Business Insider’s homepage […]
The US dollar will almost certainly crash under the weight of unprecedented government debt and a reversal of decades-long globalization trends, Stephen Roach, former chairman at Morgan Stanley Asia, said Monday. The currency initially soared as investors piled into safe-haven assets at the start of the coronavirus pandemic. Yet the […]
You can change the currency that Google Maps shows you by heading to the “Region Settings” menu. Google Maps will show you the currency that’s native to the region you’re located in, so you’ll have to change your region. When you look up hotels, gas stations, or other businesses, Google […]
The Australian dollar momentarily bought less than 60 US cents overnight. It’s the first time since 2003 the Aussie dollar has sunk below that mark. It comes as coronavirus threatens a global slowdown and an Australian recession. Visit Business Insider Australia’s homepage for more stories. The Australian dollar is haemorrhaging […]
The Australian dollar crashed to an eleven-year low as a super-strong US jobs number proved too tempting for currency traders already grappling with fears about the potential damage to the Australian economy from the coronavirus and bushfires. After sliding as low as US66.62¢ on Friday, a fresh post-global financial crisis […]