Crypto News
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As Roaring Kitty continues to watch his favorite GameStop shares swing wildly, he might be contemplating what to do with his massive options position that is approaching expiration. The meme stock champion, whose real name is Keith Gill, has so far held onto his positions of 5 million GameStop common shares and 120,000 call options, according to a ...
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The cryptocurrency industry suffered 785 reported hacks and exploits during the past 13 years. Nearly $19 billion worth of digital assets were stolen in the 13 years since June 19, 2011, when the first known crypto hack was reported, according to a Crystal Intelligence report shared with Cointelegraph. The largest single crypto theft case remains the 2019 ...
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Remember the Pepsi Challenge? For readers too young to have encountered it, the Pepsi Challenge is a marketing stunt organised by Pepsi, mostly in the 1970s and 1980s. Pepsi representatives would set up a stand in shopping centres or public locations and present two white cups to bystanders. One cup would contain Pepsi-Cola, and one would contain Coca-Cola. ...
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post: *POWELL: INFLATION HAS EASED SUBSTANTIALLY BUT IS STILL TOO HIGH post: *POWELL: FED GENERALLY EXPECTS GDP TO SLOW FROM LAST YEAR'S PACE post: FED'S POWELL: PRIVATE DOMESTIC FINAL PURCHASES, A CLEARER SIGNAL, IS STILL STRONG post: *POWELL: PACE OF JOB GROWTH IS STILL STRONG BUT SLOWER THAN 1Q post: POWELL: UNEMPLOYMENT RATE REMAINS LOW
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post: MORE FED'S POWELL Q&A: IN HOUSING, FOUND THERE ARE 'BIT LAGS' IN DATA THAT MAY TAKE 'SEVERAL YEARS' BEFORE IMPROVEMENTS SHOW UP #Powell #FOMC #FederalReserve post: MORE FED'S POWELL Q&A: CREDIT CARD DEFAULTS GOING UP BUT NOT AT HIGH LEVEL; HOUSEHOLD IN PRETTY GOOD SHAPE BUT NOT AS GOOD AS LAST COUPLE YEARS #Powell #FOMC #FederalReserve post: POWELL: IF WE SEE UNEMPLOYMENT MORE THAN WE FORECAST, WE WOULD VIEW THAT AS UNEXPECTED WEAKENING post: Fed’s Powell: For Fed the dollar is “just another financial variable,” the currency has been strong but “we don’t think of it as benefitting or hurting the U.S.”
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As Bitcoin (BTC) struggles to maintain its price above $67,000 with a target of $70,000, a crypto trading analyst has identified technical indicators that point to a new all-time high. In a June 12 TradingView post, the analyst TradingShot noted that Bitcoin is poised to reach $100,000, the next possible high target. The expert observed that Bitcoin has ...
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The Federal Reserve is expected to keep interest rates at a 23-year high for the seventh consecutive meeting on Wednesday and signal that it will cut rates this year fewer times ...
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Wednesday is shaping up to be one of the most important days of the year for economic news, as investors will hear about the path of inflation and the manner in which the Federal ...
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The Consumer Price Index was flat in May, while the core measure that strips out food and energy rose 0.2%, the Labor Department said on Wednesday. Why it matters: For the second ...
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The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in May on a seasonally adjusted basis, after rising 0.3 percent in April, the U.S. Bureau of Labor ...
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In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 11–12, 2024, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2024 to 2026 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. The longer-run projections represent each participant’s assessment of the value to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy. “Appropriate monetary policy” is defined as the future path of policy that each participant deems most likely to foster outcomes for economic activity and inflation that best satisfy his or her individual interpretation of the statutory mandate to promote maximum employment and price stability. post: FED’S MEDIAN RATE FORECAST END-’24 AT 5.1%; PREV. 4.6% FED’S MEDIAN RATE FORECAST END-’25 AT 4.1%; PREV. 3.9% FED’S MEDIAN RATE FORECAST END-’26 AT 3.1%; PREV. 3.1% FED’S MEDIAN RATE FORECAST LONGER-RUN AT 2.8%; PREV. 2.6% post: FED POLICYMAKERS SEE END-2024 PCE INFLATION AT 2.6% VERSUS 2.4% IN MARCH PROJECTION; CORE SEEN AT 2.8% VERSUS 2.6% post: FED OFFICIALS RAISE 2024 INFLATION FORECAST TO 2.6%, UP FROM 2.4% IN MARCH FORECAST FED OFFICIALS SEE 4% UNEMPLOYMENT AT END OF 2024, UNCHANGED FROM MARCH FORECAST FED OFFICIALS SEE 2.1% GDP GROWTH IN 2024, UNCHANGED FROM MARCH FORECAST
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Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been modest further progress toward the Committee's 2 percent inflation objective. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals have moved toward better balance over the past year. The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments. post: FOMC STATEMENT COMPARE pic.twitter.com/GvM6dAmcak post: FED: DOES NOT EXPECT IT WILL BE APPROPRIATE TO REDUCE POLICY TARGET RANGE UNTIL GAINING GREATER CONFIDENCE INFLATION’S MOVING SUSTAINABLY TOWARD 2%
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As Bitcoin (BTC) struggles to maintain its price above $67,000 with a target of $70,000, a crypto trading analyst has identified technical indicators that point to a new all-time high. In a June 12 TradingView post, the analyst TradingShot noted that Bitcoin is poised to reach $100,000, the next possible high target. The expert observed that Bitcoin has ...
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BTC/USD quotes are trading at 67546 and continue to move as part of the correction and have left the bearish channel. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of Digital Gold and a potential continuation of growth in the value of the ...
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Crypto.com has received approval from the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). This approval will allow Crypto.com to expand its services in Ireland. These services include crypto-to-fiat exchanges and fiat wallets. The VASP license indicates that Crypto.com meets the standards for compliance procedures. This ...