Crypto News
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It was, back then, a new transaction, conceived from peer-to-peer friendships, and dedicated to the proposition that commerce on the Internet has come to rely almost exclusively on financial institutions. Now we are almost a decade and a half on, in a movement that could test whether the ideas conceived by Satoshi Nakamoto can endure. We are met with ...
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Former FTX executive Ryan Salame should serve five to seven years in prison, prosecutors say, for criminal charges stemming from the multibillion-dollar collapse of the cryptocurrency empire. In a sentencing memo filed in federal court in Manhattan on Tuesday, federal prosecutors said the 30-year-old pleaded guilty to “serious crimes, and a substantial ...
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MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two sophisticated trading platforms developed by MetaQuotes Software. Although MT4 is the more widely adopted choice, traders must determine which platform is better suited for them and understand the reasons behind this choice. Here’s everything you need to know. What Is MetaTrader 4? MetaTrader 4, commonly ...
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post: PBoC Sets Yuan Mid-Point At 7.1098 / Dollar Vs Last Close 7.2416 - Weakest Since January Amid Dollar ReboundPBOC sets USD/ CNY reference rate for today at 7.1098 (vs. estimate at 7.2451) PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8% • 2bn mature today. • Thus neutral in OMOs today.
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Five potential spot Ether exchange-traded fund (ETF) issuers have submitted amended 19b-4 filings after receiving last-minute feedback from the United States Securities and Exchange Commission (SEC). Several filings show changes from asset managers Fidelity, VanEck and Franklin Templeton, along with joint applications from Galaxy and Invesco, and ARK Invest ...
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This week is shaping up to be one of the more important ones for crypto, with a slate of decisions coming from lawmakers and regulators that could signal big change for the industry in the U.S. Why it matters: The crypto crackdown in the country could be showing cracks of its own. State of play: A House vote on FIT21 is set to begin around 2pm ET Wednesday. ...
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Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence to move forward on interest ...
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An ugly home sales print (but record April home prices) combined with declining traffic and smaller spend data from Target threw some shade on the market early on but it was the ...
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Global inflation rates are falling but their descent is being hampered by stubborn services sector price growth, says Fitch Ratings in a new report. Inflation has slowed rapidly, ...
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post: FOMC Minutes: Fed Officials Note 'Disappointing' Inflation Readings in First Quarter FOMC Minutes: Officials Discuss Holding Rates Steady For Longer if Inflation Doesn't Fall FOMC Minutes: Officials Still Think Monetary Policy Is Restrictive, But Uncertain About DegreeMinutes of the Federal Open Market Committee April 30–May 1, 2024 Developments in Financial Markets and Open Market Operations The manager turned first to a review of developments in financial markets. Domestic data releases over the intermeeting period pointed to inflation being more persistent than previously expected and to a generally resilient economy. Policy expectations shifted materially in response. The policy rate path derived from futures prices implied fewer than two 25 basis point rate cuts by yearend. The modal path based on options prices was quite flat, suggesting at most one such rate cut in 2024. The median of the modal paths of the federal funds rate obtained from the Open Market Desk’s Survey of Primary Dealers and Survey of Market Participants also indicated fewer cuts this year than previously thought. Respondents’ baseline expectations for the timing of the first rate cut—which had been concentrated around June in the March surveys—shifted out significantly and became more diffuse. Treasury yields rose materially over the intermeeting period. At shorter maturities, the increase appeared to largely reflect higher inflation compensation, while at longer maturities, it was attributable mostly to a higher expected path for the real policy rate and higher real risk premiums. Model estimates suggested that inflation expectations rose some, but mostly at post: FED MINUTES: PARTICIPANTS AT THE MEETING ASSESSED IT WOULD TAKE LONGER THAN PREVIOUSLY ANTICIPATED TO GAIN GREATER CONFIDENCE IN INFLATION MOVING SUSTAINABLY TO 2%. post: FED MINUTES: VARIOUS PARTICIPANTS MENTIONED WILLINGNESS TO TIGHTEN POLICY FURTHER SHOULD RISKS TO OUTLOOK MATERIALIZE AND MAKE SUCH ACTION APPROPRIATE. post: Fed Staff’s Economic Projection Was Similar to March Outlook, but Noted That Deteriorating Household Financial Positions, Especially for Lower-Income Households, Might Prove to Be Bigger Drag on Activity Than Anticipated
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Existing-home sales receded in April, according to the National Association of REALTORS®. All four major U.S. regions posted month-over-month declines. Year-over-year, sales ...
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post: RBNZ'S GOVERNOR ORR: INFLATION PERSISTS IN SECTORS LESS SENSITIVE TO THE OCR.
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Bitcoin jumped up sharply on May 20, but the price remains inside a range. Typically, traders sell when the price nears the overhead resistance, but the inflows into the spot Bitcoin exchange-traded funds show that buying continues. Farside Investor’s data shows total inflows of $500 million into the spot Bitcoin ETFs on May 20 and 21. However, several ...
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Bitcoin price pulled back on Wednesday morning as the recent bull run faded. The BTC/USD pair initially surged to almost $72,000 on Tuesday and then pulled back to 69,500. This price mirrored the performance of other cryptocurrencies and US equities, which remained in a tight range. Federal Reserve minutes ahead The BTC/USD pair surged hard this week as ...
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Upbit, Korea's largest cryptocurrency exchange, was ranked fourth among the world's most trustworthy cryptocurrency exchanges by Forbes. According to Upbit's operator Dunamu, Tuesday, the exchange was ranked fourth globally and first domestically in "The World's Most Trustworthy Crypto Exchanges and Marketplaces" Forbes announced. Forbes evaluated 646 ...