Bitcoin
$64,344.32+0.20%
Ethereum
$3,138.07-0.30%
Binance Coin
$608.68-0.06%
Solana
$143.83-2.32%
XRP
$0.53045675+1.18%
Dogecoin
$0.15017357-0.76%
Toncoin
$5.35-2.92%
Cardano
$0.46995805-1.18%
Shiba Inu
$0.00002542+1.13%
Avalanche
$35.28-1.13%
Tron
$0.11692889+2.35%
Wrapped Bitcoin
$64,395.66+0.01%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index

Foreign Exchange

Chinese yuan. (Shutterstock)
Finance
Wells fargo
Wells Fargo, HSBC Add Offshore Yuan to Blockchain Foreign-Exchange System
The banking giants have settled over $200 billion in transactions using the blockchain-based system.
Chinese yuan. (Shutterstock)
By Jamie Crawley
Nov 17, 2022 at 11:16 a.m. UTC
Nov 17, 2022
Wells FargoHSBCBlockchainForeign Exchange
Federal Reserve Bank of New York (Michael M. Santiago/Getty Images)
Policy
Regulations
CBDCs Could Reduce FX Transaction Speeds to 10 Seconds, NY Fed Says
The New York Fed simulated foreign exchange transactions using a distributed ledger to test for improvements over the current system.
Federal Reserve Bank of New York (Michael M. Santiago/Getty Images)
By Nikhilesh DeJesse Hamilton
Nov 4, 2022 at 2:00 p.m. UTC
Nov 4, 2022
RegulationsNew York Federal ReserveCBDCsFederal ReserveForeign Exchange
Singapore's central bank is among those testing DeFi for foreign exchange markets. (seng chye teo/Getty Images)
Policy
Regulations
France, Switzerland, Singapore to Test DeFi in Forex Markets
The countries' central banks started Project Mariana because they think decentralization could be the future of finance.
Singapore's central bank is among those testing DeFi for foreign exchange markets. (seng chye teo/Getty Images)
By Jack Schickler
Nov 2, 2022 at 9:12 a.m. UTC
Nov 2, 2022
RegulationsBISCBDCCBDCsForeign ExchangeCross-Border PaymentsDeFi
Federal Reserve officials may need to consider the U.S. dollar's role in helping to restrain inflation as they consider pivoting to a softer monetary policy as a meeting this week in Washington. (Pixabay)
Markets
Economics
Dollar Reversal Could Bring Inflationary Pressure, Former US Treasury Secretary Larry Summers Warns
Speculation is mounting over when the Federal Reserve might pivot dovish. But economists, including Summers, warn any such move might lead to weakness in the U.S. dollar versu...
Federal Reserve officials may need to consider the U.S. dollar's role in helping to restrain inflation as they consider pivoting to a softer monetary policy as a meeting this week in Washington. (Pixabay)
By Helene Braun
Nov 1, 2022 at 4:59 p.m. UTC
Nov 1, 2022
EconomicsMarketsFederal ReserveBitcoinInflationForeign ExchangeTradingInvesting
(Neilson Barnard/Getty Images for New York Times, modified by CoinDesk)
Podcasts
The breakdown
As Bank of England Intervenes, Druckenmiller Sees Crypto Renaissance
Have we officially hit the “things are breaking” stage in markets?
(Neilson Barnard/Getty Images for New York Times, modified by CoinDesk)
By Nathaniel Whittemore
Sep 28, 2022 at 9:42 p.m. UTC
Sep 28, 2022
The BreakdownPodcastsBank of EnglandForeign ExchangeInflation
(John M Lund Photography Inc/Getty Images, modified by CoinDesk)
Podcasts
The breakdown
The Dollar Is Our Currency and Your Problem
Why the dollar’s strength represents such a problem for the rest of the world.
(John M Lund Photography Inc/Getty Images, modified by CoinDesk)
By Nathaniel Whittemore
Sep 27, 2022 at 8:38 p.m. UTC
Sep 27, 2022
The BreakdownPodcastsDollarForeign Exchange
currencies
Markets
Markets
Bitcoin Starting to Lead FX Markets, Analysis of Tesla Reaction Shows: Report
EUR/USD, the most liquid currency pair globally, tracked bitcoin higher following the Tesla news.
currencies
By Omkar Godbole
Feb 12, 2021 at 1:10 p.m. UTC
Feb 12, 2021
MarketsForeign Exchange
(Ethan McArthur/Unsplash)
Finance
Bny mellon
Vanguard to Go Live on Symbiont's Blockchain Platform for Foreign Exchange in Q3 2020
Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange transactions.
(Ethan McArthur/Unsplash)
By Nate DiCamillo
Jun 26, 2020 at 8:45 p.m. UTC
Jun 26, 2020
BNY MellonSymbiontState StreetForeign ExchangeVanguardFranklin Templeton
fsb
Markets
Banks
Goldman, Morgan Stanley Go Live With CLS' IBM-Powered Blockchain
CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service after more than two years in development.
fsb
By Anna Baydakova
Nov 28, 2018 at 6:59 a.m. UTC
Nov 28, 2018
banksIBMGoldman SachsHyperledgerBankingcapital marketsMorgan StanleyCLSForeign ExchangeCLSNetbusiness news
Coins image via Shutterstock
Tech
Ripple
British FX Firm Currencies Direct Pilots Ripple Tech
Foreign exchange brokerage Currencies Direct successfully completed several international transfers using Ripple's xRapid product.
Coins image via Shutterstock
By Nikhilesh De
May 29, 2018 at 5:15 p.m. UTC
May 29, 2018
RipplepaymentsXRPxRapidForeign ExchangeCurrencies Directuse-cases-verticalsbusiness news