The Bigger Cryptocurrencies Get, the Worse They Perform: BIS
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The Bigger Cryptocurrencies Get, the Worse They Perform: BIS – Reuters
Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS) said in its latest warning about the rise of virtual currencies.
Euro Headed for Worst Week Since 2016 After ECB Holds Off on Rate Hikes
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Euro Headed for Worst Week Since 2016 After ECB Holds Off on Rate Hikes – Reuters
The euro was headed for its biggest weekly loss in 19 months after the European Central Bank unexpectedly said it would keep interest rates at record lows well into next year. Read More
Brazil Watchdog Fines Morgan Stanley, Royal Bank of Canada for Forex Manipulation
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Brazil Watchdog Fines Morgan Stanley, Royal Bank of Canada for Forex Manipulation – Reuters
Brazil’s antitrust watchdog fined Morgan Stanley and Royal Bank of Canada a total of 42.9 million reais ($11.6 million) for meddling with foreign exchange rates charged to clients. Read More