The rand dropped sharply overnight and hit its lowest level in almost three years early on Wednesday. Blame the Fed.
Browsing: Jerome Powell
Bitcoin hit the highest since August on a sign from the US Federal Reserve that a less harsh monetary policy backdrop lies ahead.
Bitcoin spiked higher on Wednesday in the countdown to a speech by US Federal Reserve chairman Jerome Powell.
The Nasdaq ended at a record high on Tuesday, lifted by Amazon, Microsoft and other top-shelf tech companies as investors shifted their focus to growth stocks.
Microsoft president Brad Smith has cast doubt on whether fintech companies should issue currencies, saying governments are still best-placed to play that role.
The financial services industry, braced for what could be its biggest disruption in decades, is about to get an early glimpse at the Federal Reserve’s work on a new digital currency.
Bitcoin’s biggest rally in more than a week has pushed it to the brink of $12 000, a key level watched by chartists and technicians.
US treasury secretary Steven Mnuchin said on Wednesday that the US soon will announce new regulations related to crytocurrency and digital payment systems.
Mark Carney has laid out a radical proposal for an overhaul of the global financial system that would eventually replace the dollar as a reserve currency with a libra-like virtual one.