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Bitcoin’s value hit another record this week after Elon Musk’s electric car company Tesla revealed its $1.5billion (£1.1billion) investment in the cryptocurrency and said customers would soon be able to buy its vehicles with the currency. The virtual currency’s value has now soared by 372 per cent in the last year to over $45,000, and … Read more
Britain’s biggest banks have been accused of hiding the true cost of sending money overseas and breaching the ‘spirit’ of new laws designed to bring transparency to international payments. An investigation by This is Money and the currency conversion service Transferwise has found those wishing to send money to European countries are being hit with … Read more
Facebook’s much talked about cryptocurrency launch of libra has been ditched and instead the social media giant is part of a new digital currency named diem. It will be supported by the Diem Association, which consists of 27 members, of which Facebook is one. It is set to launch in January 2021 and there have … Read more
Digital currency Dogecoin gains 20% in value after Elon Musk tweets about it while dismissing Bitcoin as ‘BS’ The Tesla CEO mentioned Dogecoin in a series of tweets on Sunday The cryptocurrency, which began as a parody, now has a market value of nearly $570million While Musk’s posts and jibes at Bitcoin may have been … Read more
In the same week the British Treasury announced new proposals to help maintain access to physical cash, around 50,000 people in China were handed 200 digital yuan, around £23, each. Much in the way the UK government handed out ‘helicopter money’ to those eating out to help out in August, China’s version last week had … Read more
Holidaymakers whose travel plans were dashed this year need to watch out for sneaky ‘inactivity’ fees on prepaid currency cards By Laura Shannon, Financial Mail on Sunday Published: 21:51 BST, 10 October 2020 | Updated: 21:51 BST, 10 October 2020 Holidaymakers whose travel plans were dashed this year need to watch out for sneaky ‘inactivity’ … Read more
Ex Premier League star Richard Rufus accused of carrying out £5.3m investment fraud will be tried in one of London’s new Nightingale courts to clear court Covid backlog Richard Rufus is alleged to have scammed investors between 2007 and 2012 He retired from playing football in 2004 having suffered a major injury The former Charlton … Read more
Demand for foreign exchange is recovering after a prolonged lockdown slump, with sterling worth more against all major holiday currencies compared to August 2019. That’s according to a new report, the Holiday Money Index of 2020, by Post Office Travel Money, which has been measuring exchange rate movements and foreign currency sales. The report also … Read more
Connor Walsh claims to have it all. A Lamborghini, the freedom of a £3 million mansion and a jet-setting job — all by the age of 25. Standing in front of his indoor swimming pool, he starts to tell his 138,000 Instagram followers how he did it. He struts over to his home bar and … Read more
Passport and banknote maker De La Rue sees profits hit by a poor start to the year in its currency arm By Daily Mail City & Finance Reporter Published: 22:20 BST, 31 March 2020 | Updated: 22:20 BST, 31 March 2020 De La Rue predicts adjusted operating profit for the 12 months ending March 27 … Read more