Crypto News
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An American cryptocurrency entrepreneur locked in a legal dispute with the CEO of the collapsed crypto fund HyperVerse has been detained in Dubai and alleges police have tortured him into signing a false confession, the Guardian can reveal. Edel Hsieh, 43, from California, was first arrested in March at Dubai’s airport while attempting to fly to London. ...
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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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Bitcoin (BTC) remains a hot topic of discussion with growing institutional interest and multiple spot BTC ETFs approved, allowing traditional investment firms to offer Bitcoin to their clients. Users own Bitcoin or obtain exposure to this asset class in multiple ways, from investing in ETFs to holding them via centralized exchanges or exploring self-custody ...
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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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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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An American cryptocurrency entrepreneur locked in a legal dispute with the CEO of the collapsed crypto fund HyperVerse has been detained in Dubai and alleges police have tortured him into signing a false confession, the Guardian can reveal. Edel Hsieh, 43, from California, was first arrested in March at Dubai’s airport while attempting to fly to London. ...
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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 market’s continued focus on information suggesting a shift toward a more accommodative monetary policy, paired with its tendency to overreact to any hint of such easing, ...
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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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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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Wednesday saw another day of volatile consolidation for the crypto market as Bitcoin (BTC) fell under pressure early in the trading session and saw intense grappling between bulls and bears near support at $62,000 in the afternoon. Stocks also trended lower at the market open and struggled to climb back into the green, with the day ending mixed for the ...
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Bitcoin is witnessing a see-saw battle between the bulls and the bears. After receiving more than $595 million in inflows into the spot Bitcoin exchange-traded funds on May 3 and May 6, the tide turned on May 7 with an outflow of $15.7 million, according to Farside Investors data. Irrespective of the short-term uncertainty, crypto bull Anthony Pompliano ...
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US neobroker Robinhood Markets, Inc. (NASDAQ:HOOD) is seeing its shares rise by 7% in aftermarket trading on Wednesday, after the company reported fairly upbeat results for the first quarter of 2024. Robinhood reported record quarterly revenues of $618 million in Q1-2024, up 40% year-over-year. The company also saw record GAAP Diluted EPS of $0.18 per ...