currency

Bitcoin Worth $72 million Stolen From Bitfinex Exchange in Hong Kong

HONG KONG, Aug 3 – Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, making it the second-biggest security breach ever of such an exchange. Bitfinex is one of the largest exchanges for bitcoin, and is known in the digital currency community for

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World Stocks, Sterling Fight Back After Brexit Beating

By Marc Jones LONDON, June 28 – World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers. Bargain hunting trumped still widespread uncertainty over Britain’s

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GCC: Change Is Needed

GCC central banks need to bolster research to reform decades old dollar pegs BY Martin Dokoupil Oil-rich Gulf Arab states’ central banks lack adequate research capabilities to pursue a currency reform that could help them better control their economies in both harsh periods of low crude prices as well as in times of economic boom, says

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Bitcoin or Broke

Is bitcoin a revolutionary technology or a passing fad for the Middle East? BY Arfa Shahid Despite speed, cost-efficiency and a simplified process, bitcoin, as a cryptocurrency, some argue, has failed to dominate the global financial system. Others, however,  continue to root for it as a future currency. Bitcoin was developed in 2008 by Satoshi

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