Crypto News
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Over two years ago, a discovery of mysterious antennas, consisting of a locked battery box, a router, and a solar panel, in the mountains of the Salt Lake City area has left the Utah authorities baffled over their origin, and today, there is still no official answer as to who was behind them. Specifically, Salt Lake’s recreational trails manager Tyler ...
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A woman was sentenced to six years and eight months in jail for laundering massive amounts of Bitcoin linked to a $5.6 billion investment fraud in China. Jian Wen, a former fast food worker who transformed her life with a luxurious lifestyle, was found guilty of money laundering linked to about 150 Bitcoin for a Chinese woman between 2017 and 2022. In the ...
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Bitcoin has had a phenomenal journey from a niche digital currency to a trillion-dollar asset class in a 15-year period. The January 2024 approval of 11 spot bitcoin ETFs was a watershed moment, presenting investors with a gateway to being able to invest in bitcoin through their traditional investment accounts. We expect this will continue to boost broader ...
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post: OG Doge has ascended to heaven to be with his friend Harambe ( @Not_the_Bee ) post: pic.twitter.com/HAhqxoTcvi
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Bitcoin is quietly copying a key feature from the 2016 bull market which kicks in at $75,000. In a post on X (formerly Twitter) on May 24, popular trader Jelle eyed what could become the next “main breakout” for BTC price action. Bitcoin analysis often points to similarities between the current bull cycle and those gone by — notably the two most recent: ...
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Over two years ago, a discovery of mysterious antennas, consisting of a locked battery box, a router, and a solar panel, in the mountains of the Salt Lake City area has left the Utah authorities baffled over their origin, and today, there is still no official answer as to who was behind them. Specifically, Salt Lake’s recreational trails manager Tyler ...
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Strong economic growth and inflation above the Federal Reserve’s 2% inflation goal is likely to put upward pressure on bond yields and downward pressure on the economy at a time ...
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The May 27 week is shortened in the US by the Memorial Day observance on Monday. Reports normally released on Monday will be moved to Tuesday, and some Tuesday data to Wednesday. ...
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Funny story to start. Last week I made the analogy of inflation as a maple seed, helicoptering slowly down to the ground… As a side hobby, I umpire Little League baseball in my ...
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Thank you for the invitation to be here and speak to you today.1 I want to step away from shorter-term questions about the economic outlook and monetary policy to delve into a subject of longer-term significance—r*. While there are many concepts of r*, I interpret it to be the real policy interest rate that is neither stimulating nor restricting economic activity with inflation anchored at the central bank's inflation target. In the short term, policymakers must judge whether a given policy setting is restrictive or otherwise, and while this judgment is made with some idea of r*, a number of factors can influence the economy in the near term so that the current setting of policy usually differs from the value of r*. At the same time, policymakers continually update their view of the appropriate value of r*. Recently, for example, discussions have focused on whether or not r* has risen, which has important implications for the conduct of monetary policy. For the purposes of this discussion, I am going to be talking about the long-run, real value of r*, when inflation and employment have reached the Federal Open Market Committee's (FOMC) goals. Because of that, an estimate of r* points toward where monetary policy is headed over the longer run. This is important for policymakers deciding the best way to get there and also for investors and other members of the public who make decisions in the near term based on their expectations of future economic conditions. Much has been written on this topic, and different methods have been developed to estimate r*. My goal today is not to debate which statistical estimate of r* is best but rather describe what I believe are the economic factors behind the secul post: <=USD>:*WALLER: ONLY TIME WILL TELL HOW IMPORTANT FISCAL WILL BE FOR R* *WALLER: FINANCING PRESSURES MAY PUSH R* HIGHER IN COMING YEARS *WALLER: HELPFUL TO LOOK AT REAL 10Y YIELD FOR MARKET VIEW ON R* *WALLER: FACTORS THAT LOWERED NEUTRAL RATE MAY REVERSE IN FUTURE
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The University of Michigan consumer sentiment final for May is showing: • Consumer sentiment 69.1 vs 67.5 estimate and 67.4 preliminary. Last month 77.2. • Expectations 68.8 ...
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US durable goods orders for April • Prior month +0.9% • Durable goods orders for April 0.7% versus -0.8% expected. Prior month 0.8% • Ex-transport +0.4% versus 0.1% expected. Last ...
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Bitcoin is quietly copying a key feature from the 2016 bull market which kicks in at $75,000. In a post on X (formerly Twitter) on May 24, popular trader Jelle eyed what could become the next “main breakout” for BTC price action. Bitcoin analysis often points to similarities between the current bull cycle and those gone by — notably the two most recent: ...
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Ethereum price extended its increase above the $3,700 and $3,750 resistance levels. ETH outperformed Bitcoin and even climbed above the $3,880 level. A new weekly high was formed at $3,943 before there was a sharp decline. The price dived below the $3,800 and $3,750 levels. A low was formed at $3,530 level and the price recovered most losses. It is back ...
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Celebrating the approval of its spot Ether exchange-traded fund (ETF), asset manager VanEck has released a 37-second advertisement urging viewers to “Enter the ether.” The ad was posted on X on May 23, approximately 30 minutes after the Securities and Exchange Commission approved its 19b-4 filing for a spot Ether ETF. This approval was alongside those for ...