currency

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Dow Closes Down 767 Points After China's 'Breaking 7' News

The yuan has dropped to the 7-per-dollar level

(Newser) - By late afternoon local time Monday, one Chinese yuan was worth 14.2 cents. It hasn't been that low since February 2008, and that puts it "below the politically sensitive" seven-per-dollar level. The "breaking seven" news garnered comments from President Trump and triggered Wall Street's worst...

She Sold Her Family Home. She Didn't Know About the Secret Safe

Now, legal wrangling over the Civil War-era gold certificates found inside that are worth millions

(Newser) - A story out of New Jersey has both legal experts and Reddit threads buzzing , and has spurred both a civil lawsuit and a criminal trial. It involves a secret safe hidden under the basement stairs of an Asbury Park home once owned by Elaine Palmer, who died in 2004, and...

The Harriet Tubman $20 Bill Isn't Coming in 2020 After All

We won't know if she'll for sure be on it until 2026

(Newser) - The 108th anniversary doesn't have quite the same ring to it, but that's apparently how it's going to be. Treasury Secretary Steven Mnuchin on Wednesday announced that the redesigned $20 bill—which former Treasury Secretary Jacob Lew in 2016 decided would feature Harriet Tubman—will not be...

Toddler Shreds $1K in Cash
Toddler Shreds $1K in Cash

Toddler Shreds $1K in Cash

Parents had saved it for college football tickets

(Newser) - Leo Belnap, a 2-year-old boy in Holladay, Utah, loves putting junk mail and other paper in the shredder that he sometimes helps his mom with. Unfortunately for his parents, some of the paper he put through it recently was green and had pictures of presidents on it. Ben and Jackee...

Bitcoin Used in 2010 to Buy 2 Pizzas Now Worth $82M

The cryptocurrency has gone up in price just a bit since then

(Newser) - Hallmark may need to update its official list of holidays . Tuesday was Bitcoin Pizza Day, or what Business Insider calls "the most celebrated day in crypto," marking the eighth anniversary of when programmer Laszlo Hanyecz made what's thought to be the very first purchase with bitcoin. That...

'Fake' Coin Will Actually Make Owner 'Quite Rich'

Turns out it's one of a handful of rare $5 Liberty Head Half Eagles, minted in 1854

(Newser) - In what a currency expert tells the San Francisco Chronicle is the equivalent of "finding an original Picasso at a garage sale," a rare coin from the California gold rush has been unearthed—said to be one of only four still in existence. The Independent reports the unnamed...

In Pacific NW, an 'Intensifying Guerilla Warfare' Over Bitcoin

Mid-Columbia Basin's space, hydroelectric power has made it top site for bitcoin mining in US

(Newser) - You'd think any old region would do for a bitcoin mining business : Just set up a computer, solve a bunch of sophisticated math puzzles, and start raking in that sweet virtual currency. But as Paul Roberts' deep dive on Politico notes, that kind of computer power can require "...

Why a Tech Pioneer's $59B Fortune May Be Fleeting

Ripple CEO Chris Larsen's riches may just be part of cryptocurrency 'hysteria,' analyst says

(Newser) - Chris Larsen may not be the household name that Mark Zuckerberg is, but with the amount of wealth he has (at least on paper), he may not care. Forbes notes Larsen has in his personal holdings 5.19 billion XRP tokens from his virtual-currency company, Ripple, in addition to a...

Searching for a Foundation, They Found a Treasure Trove Instead
Searching for a Foundation,
They Found Treasure Instead
IN CASE YOU MISSED IT

Searching for a Foundation, They Found Treasure Instead

'I thought how I'd never again see something like it'

(Newser) - They were searching for an old infirmary. What they uncovered was an "exceptional and extremely rare treasure": 2,200 silver coins, 21 gold coins, a gold signet ring, gold foil, and a circular object also made of gold. It's a collection unlike any ever found, according to French...

If You Invested $100 in Bitcoin in 2010, You'd Have $75M Now

Price has more than doubled this month

(Newser) - Monday was Bitcoin Pizza Day, the anniversary of the day in 2010 when developer Laszlo Hanyecz paid 10,000 bitcoins for two pizzas in the online currency's first recognized transaction. The same amount of bitcoins would be worth around $22.5 million now. The currency, which sank to $443...

Trump: US Dollar Is 'Getting Too Strong'

He shifted on 3 policies in WSJ interview

(Newser) - President Trump managed to do an about-face on no less than three policies in an interview with the Wall Street Journal on Wednesday—and he made what analysts say were highly unusual comments about the American dollar in the process. "I think our dollar is getting too strong, and...

Venezuela's Leader Blames 'Macabre' Obama Plan for Looting, Riots

He claims decision to scrap bank notes is a triumph

(Newser) - Venezuela's president said Sunday that the sudden decision to scrap the country's most-used currency bill was an economic triumph over the country's enemies even as the government sent troops and police to cities where riots and looting broke out over the measure. In a national radio and...

Queen Was Only Woman on Canadian Money—Until Now

Viola Desmond, 'Rosa Parks of Canada,' to appear on $10 bill in 2018

(Newser) - Only one woman currently appears on Canadian currency, but Queen Elizabeth II is about to get a partner. Starting in 2018, civil rights pioneer Viola Desmond—aka the "Rosa Parks of Canada"—will have her mug on the country's $10 bill, the Toronto Star reports. The Globe ...

3 Weeks After India's Rupee Ban, a 'Day of Rage'

Monday sees scattered protests

(Newser) - A surprise move earlier this month took India's two largest bank notes out of circulation, and on Monday scattered "day of rage" protests cropped up in various cities in response to the measure, the BBC reports. Although the ban on the 500- and 1,000-rupee notes was meant...

He Works at Home Depot—When Not Messing With Venezuela

Gustavo Diaz once tried to overthrow Chavez; now he lives in Alabama

(Newser) - When he's not selling padlocks at Home Depot in Hoover, Ala., 60-year-old Gustavo Diaz is heading what Venezuelan President Nicolas Maduro calls an "economic war" against his country, laid out in full by the Wall Street Journal . Diaz's instrument: his DolarToday.com website, which Venezuela insists posts...

India's Shocking Move to Catch Tax Evaders

It's pulling its two largest bank notes from circulation

(Newser) - A surprise announcement out of India Tuesday night is being called by local media a "surgical strike" against currency corruption that's infiltrated the nation, the BBC reports. Per CNNMoney , India Prime Minister Narendra Modi announced that the country's two largest current bank notes—the 500-rupee note and...

Aussies Want 'All-Time Greatest Bloke' on Currency

That would be the late Steve Irwin

(Newser) - More than 25,000 people have signed a Change.org petition that aims to put the "all time greatest Australian bloke" on the country's currency, the BBC reports. That bloke is the late conservationist Steve Irwin, who died 10 years ago this month. "With a list a...

Judge Dumps Laundering Charges, Says Bitcoin's Not Real

Virtual currency can't 'be hidden under a mattress like cash and gold bars': Miami judge

(Newser) - Bitcoins may be valuable in tech circles, but to a judge in Miami-Dade County, the virtual money is nothing more than shadow currency. On Monday, Judge Teresa Mary Pooler discarded felony charges against website designer Michell Espinoza, who had been accused of transmitting and laundering $1,500 in bitcoins—an...

Iowa Rep Tries to Keep Harriet Tubman Off $20, Fails

Steve King called move to swap in Tubman for Andrew Jackson 'racist,' 'sexist'

(Newser) - It was announced in April that abolitionist Harriet Tubman would be replacing Andrew Jackson on the $20 bill, but at least one Iowa lawmaker says it's "racist" and "sexist" to even consider adding a woman of color to US currency. "It's not about Harriet Tubman,...

Why We Must Stop Printing $100 Bills
 Why We Must 
 Stop Printing 
 $100 Bills 
OPINION

Why We Must Stop Printing $100 Bills

Big notes are for criminals: Larry Summers

(Newser) - How often do you use $100 bills? Never? That's probably because you're not a criminal. As Lawrence H. Summers explains at the Washington Post , there's a school of thought that high-denomination currency aids crime and even terrorism. In a new paper out of Harvard, senior fellow Peter...

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