Crypto News
-
British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls. The fines were issued by the Prudential Regulation Authority and the Financial Conduct Authority, whose investigation focused on the period between April 1, 2018, and May 31, 2022. Citi ...
-
The as-yet-identified attacker behind Monday’s $240 million Gala Games token exploit has returned the Ethereum (ETH) gained from selling some of the tokens, as Gala reckons with the fallout from the attack and how to address lingering questions. Approximately 5,913 ETH, or about $22 million, was sent back from the attacker’s wallet to a Gala wallet on ...
-
Have we mentioned, that we love history? Probably more than just once. What we like on the academic studies which use longterm data is that they offer a bird-like view on the financial markets. The daily noise and ebbs and flows retreat into the background and macroeconomic and geopolitical trends emerge. This top-down analysis helps to design the asset ...
-
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 ...
-
Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. Annual consumer price inflation is expected to return to within the Committee’s 1 to 3 percent target range by the end of 2024. The welcome decline in inflation in part reflects lower inflation for goods and services imported into New ...
-
Bitcoin price gained pace for a move above the $70,000 level. BTC even spiked above $71,200 before the bears appeared near $72,000. A new weekly high was formed at $71,896 and the price recently started a downside correction. The price declined below the $71,000 level and the 23.6% Fib retracement level of the upward wave from the $66,047 swing low to the ...
-
UK inflation data due on Wednesday is expected to fall close to the government’s 2% target. Almost three years on from the start of price spikes, how has the economy changed? ...
-
"If a tree falls in the forest and no one is around to hear it, does it make a sound?" is an old philosophical thought experiment. There is a monetary policy equivalent right now: ...
-
Results from the 2023 Survey of Household Economics and Decisionmaking (SHED) indicate that people’s overall financial well-being was nearly unchanged from the previous year but ...
-
Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. Annual consumer price inflation is expected to return ...
-
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 3.0% in the 12 months to April 2024, down from 3.8% in the 12 months to March. On a monthly ...
-
It is a great pleasure to be here at this event, hosted by the LSE’s Financial Markets Group in honour of Charles Goodhart. This evening, I am going to talk about central bank balance sheets and in particular the Bank of England’s balance sheet. An esoteric topic perhaps, but an important one, now more than ever. And it is a topic on which Charles has written extensively. Charles worked at the Bank for nearly two decades, of course, before his distinguished career as a professor here at the London School of Economics. His article “The importance of money”, published in the Bank’s Quarterly Bulletin in 1970 and available on the Bank of England’s website, was a milestone in the study of the predictability of money demand.footnote[1] At the time this was an important issue in debates over monetary control mechanisms and the relative merits of monetary ‘rules’ and policy ‘discretion’, a debate he masterfully summarised in his 1975 book on “Money, Information and Uncertainty”. In this and later work, Charles brought his deep understanding of the nature of financial markets, of banking and of monetary assets to bear, the historical perspective always present. In his 1988 book “On the Evolution of Central Banks” he discussed “how the role and functions of Central Banks have evolved naturally over time, and play a necessary part within the banking system”. Fast forward two more decades – acr post: BoE’s Bailey: We Think the Central Bank Balance Sheet Will Remain Larger Than Before the Financial Crisis Though Not as Large as Today post: BANK OF ENGLAND'S BAILEY: A RANGE OF 345-490 BLN STG IS NOT A BAD STARTING POINT FOR CENTRAL BANK BALANCE SHEET || BANK OF ENGLAND'S BAILEY: REPO PORTFOLIO CAN OFFER A RELIABLE AND FLEXIBLE SOURCE OF RESERVES AS LARGELY ADDITIONAL HIGH-QUALITY LIQUID ASSETS TO THE SYSTEM
-
Bitcoin price gained pace for a move above the $70,000 level. BTC even spiked above $71,200 before the bears appeared near $72,000. A new weekly high was formed at $71,896 and the price recently started a downside correction. The price declined below the $71,000 level and the 23.6% Fib retracement level of the upward wave from the $66,047 swing low to the ...
-
Bitcoin has experienced a significant surge, gaining 8.5% within 24 hours to reach $71,926 on May 21. This move places Bitcoin just 2.5% shy of its all-time high. Moreover, BTC derivatives are showing favorable conditions for breaking new all-time highs in the weeks ahead. The 4% daily jump in BTC price appears to be spurred by growing optimism around the ...
-
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 ...