abandoning

Rise of cryptocurrencies could be traced to Nixon abandoning gold in 1971 | Larry Elliott

Few dates in financial historical past classify as turning factors however one in every of them was 15 August 1971 when Richard Nixon went on TV to announce that the US would not alternate {dollars} held by overseas governments for gold. Nixon’s announcement 50 years in the past this week had lasting ramifications. It was …

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Bitcoin tumbles, however followers aren’t abandoning the digital foreign money

Greater than $200 billion was wiped off cryptocurrency exchanges Friday, however the bitcoin bulls aren’t fazed — at the same time as some investing professionals warn of a “main correction” that might be on the horizon. The world’s best-known digital foreign money has been attracting rising curiosity from the funding group and monetary companies suppliers. …

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