A Popular Bet on Chinese Growth Is Falling Out of Favor

SYDNEY—China’s role as a key driver of the Australian dollar is being re-evaluated in global markets, helping send the currency to levels well below where traditional modeling suggests it should be. Australia has been a cornerstone supplier of commodities used by an industrializing China over

Accountants, Lawmakers Urge Rules on Crypto Accounting

Accountants and lawmakers are urging standard-setters to fill a void and write concrete rules telling companies how to account for bitcoin and other cryptocurrency assets. The assets, for which there are no binding U.S. accounting requirements, have drawn regulators’ interest after sharp

Bitcoin Fraud Concerns Draw Scrutiny From Regulators

Regulators are signaling they want more control over an expanded cryptocurrency universe that has pushed further into Wall Street activities without the investor and consumer protections that apply to traditional securities and financial services. The catch: no single regulator inspects crypto exchanges

Why Crime Could Kill Crypto

The strongest argument against cryptocurrencies used to be that they had yet to show they were much good for anything. Now the strongest argument against them may be that they have become far too good at one thing: enabling crime. Not long

Breakup Meme From Elon Musk Sends Bitcoin Sliding

Bitcoin, dogecoin and other cryptocurrencies skidded Friday, extending their monthlong rout, following another cryptic tweet from Elon Musk. Bitcoin was down almost 5% from its price at 9 p.m. ET Thursday. That was minutes before the Tesla Inc. chief executive tweeted breakup