Crypto News
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The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an independent report released on Tuesday that raises questions about the future of the banking regulator’s leadership. The report, prompted by a Wall Street Journal investigation, cited accounts from more than 500 ...
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Former New England Patriots and Tampa Bay Buccaneers tight end Rob Gronkowski will pay $1.9 million to settle claims brought against him by former customers of Voyager Digital, a cryptocurrency lender. The settlement, which is still subject to approval by the court overseeing the civil lawsuit, will see the National Football League star known as "Gronk" pay ...
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There are currently around 19.5 million Bitcoin in circulation and the cryptocurrency is programmed to have a total supply of 21 million. The final 1.5 million or so are locked away, waiting for users with powerful computers to release them through Bitcoin mining. Bitcoin mining is like a digital treasure hunt. Armed with powerful computer hardware, miners ...
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Stablecoins have been in the news lately, thanks to another round of failed legislation, a well-intentioned but poorly-designed analytics dashboard compliments of Visa, and false equivocation by a columnist at the FT. Nic Carter just published an epic review of the evolution of academic viewpoints on this topic, demonstrating how things are trending in the ...
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Boston Fed President and CEO Susan M. Collins' remarks, and a fireside chat with Kristin Forbes, Jerome and Dorothy Lemelson Professor of Management and Global Economics at Sloan, are being livestreamed. 1. Collins remains optimistic that inflation can be brought back to 2 percent in a reasonable amount of time and with a labor market that remains healthy. But she is realistic about the risks and uncertainties around that outlook. Uncertainty remains high in terms of the timing and full impact of monetary policy. 2. Stronger-than-anticipated inflation and economic activity suggest that achieving the Fed’s dual mandate goals may take longer than previously thought, and progress may be uneven. Monetary policymaking in the current context requires patience and methodical assessment of the available constellation of information. 3. There was noticeable progress last year towards price stability, driven largely by favorable supply developments (including labor productivity). But such rapid supply improvements may not continue, making demand moderation important. Collins expects that slower growth will be needed to achieve a better balance with supply and ensure the economy remains on a path towards price stability. 4. The current policy stance, which Collins views as be post: FED’S COLLINS: EXPECTS DEMAND WILL NEED TO SLOW TO GET INFLATION TO 2% || FED POLICY WELL POSITIONED FOR CURRENT OUTLOOK || MONETARY POLICY IS ‘MODERATELY’ RESTRICTIVE
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Bitcoin experienced a slight decline of 0.2% against the dollar in the last session, following a notable rise of 1.8% earlier in the session. The Rate of Change (ROC) indicator is signaling positivity. Amazon shares experienced a minor correction, dropping by 0.1% in the last session. However, the Moving Average Convergence Divergence (MACD) indicator is ...
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Differences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund ...
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The Reserve Bank is now assuming Australians will see no interest rate cuts this year – and quite possibly none before the next federal election, due next May. That’s a big change ...
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Bank of Japan Governor Ueda: • Don't see yen moves as having a big impact on trend inflation so far but there is risk impact could become more significant in the future. • Don't ...
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Boston Fed President and CEO Susan M. Collins' remarks, and a fireside chat with Kristin Forbes, Jerome and Dorothy Lemelson Professor of Management and Global Economics at Sloan, are being livestreamed. 1. Collins remains optimistic that inflation can be brought back to 2 percent in a reasonable amount of time and with a labor market that remains healthy. But she is realistic about the risks and uncertainties around that outlook. Uncertainty remains high in terms of the timing and full impact of monetary policy. 2. Stronger-than-anticipated inflation and economic activity suggest that achieving the Fed’s dual mandate goals may take longer than previously thought, and progress may be uneven. Monetary policymaking in the current context requires patience and methodical assessment of the available constellation of information. 3. There was noticeable progress last year towards price stability, driven largely by favorable supply developments (including labor productivity). But such rapid supply improvements may not continue, making demand moderation important. Collins expects that slower growth will be needed to achieve a better balance with supply and ensure the economy remains on a path towards price stability. 4. The current policy stance, which Collins views as be post: FED’S COLLINS: EXPECTS DEMAND WILL NEED TO SLOW TO GET INFLATION TO 2% || FED POLICY WELL POSITIONED FOR CURRENT OUTLOOK || MONETARY POLICY IS ‘MODERATELY’ RESTRICTIVE
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Thank you, David. And thank you to the Brookings Institution for hosting me today. I am especially grateful to return to the place where, in my first job as an aspiring economist, I was a research assistant for Alice Rivlin over three decades ago. Today, I would like to talk about the Board's work in pursuit of financial stability, which is critical to the well-being of households, firms, and the broader economy.1 Following the financial crisis of 2007–09, a broad set of reforms were put in place to bolster financial stability. To ensure an ongoing focus on that area, the Board established its Committee on Financial Stability as a venue for Governors to discuss related developments and policy issues. I recently became the chair of this committee and will share with you my current views on financial stability and touch on a couple of emerging issues. Enhancing the public's understanding of our work on financial stability is important for the transparency and accountability of our efforts. That is why we communicate our financial stability work prominently in our Financial Stability Report, which was most recently published last month and provides more detail on some of the developments I will review today.2 Financial Stability at the Federal Reserve As the U.S. and global financial system continues to grow and evolve in complexity, the Fed's work on financial stability only becomes more important. A stable and resilient financial system is essential for the Federal Reserve to achieve its dual mandate of maximum-employment and price-stability. Our financial stability work also informs our approach and priorities to the supervision and regulation of banking organizations, our coordination with domestic regulatory agencies, and our engagements with international bodies such as the Financial Stability Board. Financial Stability Framework post: FED'S COOK: FIRMS HAVE AMPLE EARNINGS TO COVER DEBT PAYMENTS. post: FED’S COOK, IN REVIEW OF FINANCIAL STABILITY, SAYS HOUSEHOLDS REMAIN RESILIENT BUT SHE IS WATCHING RISING DELINQUENCY RATES #News #Markets #live post: FED'S COOK: OVERALL RISK FROM CRE IS CONSIDERED “SIZABLE BUT MANAGEABLE”.
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A week ago, Arthur Hayes, the former CEO of the BitMEX crypto exchange, said bitcoin (BTC) had bottomed out, but the expected move higher is likely to be slow. Now, an indicator called the volatility risk premium (VRP) is suggesting the same, signaling a relatively low volatility market environment ahead, which could be seen as a positive development by ...
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Bitcoin prices are fighting to stay on an ascending trajectory, as the market bellwether aims to rejuvenate after the post-halving decline. BTCUSD returned above the psychological $60,000 mark on May 5, but has closed the day in the red in the last two days. As of this writing, BTC trades at $62,256, having lost 0.10 percent in the intraday session. With ...
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Ark Invest offloaded 70,616 Coinbase shares — worth $15.1 million — across three of its exchange-traded funds on Tuesday. The Cathie Wood-led investment firm sold 45,915 shares ($9.8 million) from its Innovation ETF (ARKK), 17,755 shares ($3.8 million) from its Next Generation Internet ETF (ARKW) and 6,946 shares ($1.5 million) from its Fintech Innovation ...