Forex


Video

Will Bitcoin Replace the US Dollar as the World’s Reserve Currency?

Marc Chandler, chief market strategist at Bannockburn Global Forex and author of “Making Sense of the Dollar,” joins CoinDesk markets reporter Omkar Godbole to discuss the trend in the dollar, bitcoin and gold and whether the dollar would be replaced by bitcoin as the global currency reserve.

CoinDesk placeholder image

Video

Will Bitcoin Replace the U.S. Dollar as the World’s Reserve Currency?

Marc Chandler, chief market strategist at Bannockburn Global Forex and author of “Making Sense of the Dollar,” joins CoinDesk markets reporter Omkar Godbole to discuss the trend in the dollar, bitcoin and gold, and whether the dollar would be replaced by bitcoin as the global currency reserve.

CoinDesk placeholder image

Mercati

Mirror Trading Clients Should Take Their Money and Run, South African Regulator Advises

FCSA said Mirror Trading's self-proclaimed 10% monthly returns "seems far-fetched and unrealistic" as it opened an investigation.

(Shutterstock)

Mercati

Texas Securities Regulator Accuses South African Trading Pool of Crypto Fraud

Texas' securities watchdog ordered Mirror Trading International to cease operations, alleging the South African bitcoin and forex "investor club" is a multilevel marketing scam.

“These quick-to-profits schemes rely on a little bit of smoke and the shine of mirrors,” said Texas Securities Commissioner Travis J. Iles. (Danny Nelson)

Mercati

Forget Bitcoin’s Volatility, BoA Says Unstable UK Pound Like an Emerging Market Currency

Bitcoin is often criticized for its volatility – now analysts are saying that, and more, about the pound sterling.

Stack of pound coins (Linda Bestwick/Shutterstock)

Mercati

Foreign Exchange Giant CLS Admits: No, We Don’t Need a Blockchain for That

Forex giant CLS is now using a blockchain to handle certain currency trades, but the technology is “not essential” for the task, an executive admits.

dollar_euro_shutterstock

Mercati

China's Foreign Exchange Regulator Piloting Blockchain in Trade Finance

The agency that regulates and manages China's foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border trade.

yuan and usd

Mercati

Citi Has Scrapped Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency

Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It's easier to rely on SWIFT.

Citibank (TungCheung/Shutterstock)

Mercati

HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%

An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.

HSBC

Mercati

Barclays Joins CLS Blockchain Consortium in Search of Swift Alternative

Barclays has become the latest major financial institution to join the foreign exchange-focused blockchain consortium CLS.

Barclays sign

Pageof 3