Banks fined £2bn: What is currency rigging?

It’s cost them fines totaling £2 billion. Five of the world’s biggest banks have been ordered to pay up by UK and US regulators as a first punishment for rigging the foreign exchange market. The Commodity Futures Trading Commission said its investigation found certain foreign exchange traders had coordinated their trading with one another to…

Blockchain for Beginners

I spent the first part of my presentation doing an [introduction] about Bitcoin. You may have heard this other term “blockchain.” It’s on all the posters: “blockchain” and “cryptocurrency.” What on earth is a blockchain? [How] does it [relate] to Bitcoin? Bitcoin is the foundational technology that started it all. Bitcoin is the parent and…

Teenage Boss (Vasanth) – Behind the News

Teenage Boss (Vasanth) – Behind the News

MATT HOLBROOK: Vasanth is 13. He loves getting around on his scooter. I love scooters! If everyone lived in my utopia, everyone would be just riding scooters to work. And spending his pocket money at the shops. Buy cookies, lollies, chocolates, biscuits. He’s about to have a lot more money to spend, though. Ready? Yeah….

Venezuela’s currency crisis explained

Venezuela is embarking this week on a major economic overhaul – the biggest in the five years that Nicolás Maduro has been president of the country. Why? Well, put simply, because of hyperinflation. Inflation has been a problem in Venezuela for years. But it’s really taken off since the end of last year. Since then,…