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The bigger Cryptocurrencies get, the worse they perform: BIS

Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies.

BIS wants tighter rules for funds offering credit, fintech

Regulations introduced after the financial crisis a decade ago to smooth out banking booms and busts should be extended to funds that provide credit, or shadow banks, and fintech firms, the Bank for International Settlements (BIS) said on Sunday.

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Democrats, activists rally against Trump's family separation policy

ELIZABETH, N.J. Democratic lawmakers joined protesters outside immigration detention facilities in New Jersey and Texas on Sunday for Father's Day demonstrations against the Trump administration's practice of separating children from their parents at the U.S.-Mexico border. | Video