British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike

British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike

The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal U.S. dollars per unit, but rebounded against the greenback to 1.0775 by 11 a.m. Monday morning. Pound Sinks Against Greenback […]

Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low

Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low

While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank of Japan conducted the first forex intervention in 24 years, after the Japanese central bank kept its benchmark bank rate suppressed […]

Afghanistan Closes Down 16 Cryptocurrency Exchanges, Arrests Operators

Afghanistan Closes Down 16 Cryptocurrency Exchanges, Arrests Operators

Law enforcement in Afghanistan has shut down over a dozen crypto exchanges in Herat, detaining the people who were running them. The offensive comes after the introduction of a ban on online foreign exchange that the Taliban seem to have applied to coin trading as well. Taliban Government Goes After Crypto Trading in Afghanistan Citing […]

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