Crypto News
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A Ukrainian national was sentenced today to 13 years and seven months in prison and ordered to pay over $16 million in restitution for his role in conducting over 2,500 ransomware attacks and demanding over $700 million in ransom payments. “As this sentencing shows, the Justice Department is working with our international partners and using all tools at our ...
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US Financial Services Committee Chair Patrick McHenry slammed Securities and Exchange Commission (SEC) Chairman Gary Gensler for his stand on Ethereum (ETH). McHenry issued a statement on Tuesday saying there is evidence that shows Gensler “knowingly misled” the Congress on Ethereum’s status. With the Ethereum Spot ETF application deadline drawing close, ...
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On Saturday, January 3, 2009, Bitcoin was born. With the creation of the very first Bitcoin block—known as the 'Genesis Block'—the first set of 50 BTC was mined into existence. This genesis block is considered the start of the Bitcoin blockchain—and the beginning of the cryptocurrency revolution. Many would argue that the day it was minted represents ...
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Signs of stress are flashing across spot-Bitcoin exchange-traded funds after the cryptocurrency sank to a two-month low. Prices of some of the largest ETFs tracking the token notched the steepest discounts to the value of underlying assets in their short history on Tuesday after Bitcoin slumped about 5%. Losses continued on Wednesday, with the original ...
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Bitcoin (BTC) declined by 3.65% on Wednesday (May 1). Following a 5.02% slide on Tuesday (April 30), BTC ended the session at $58,917. Significantly, BTC last closed out a session at sub-$60,000 on February 27. The FOMC interest rate decision and press conference delivered a choppy end to a negative bitcoin session. US BTC-spot ETF market flow trends for ...
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A Ukrainian national was sentenced today to 13 years and seven months in prison and ordered to pay over $16 million in restitution for his role in conducting over 2,500 ransomware attacks and demanding over $700 million in ransom payments. “As this sentencing shows, the Justice Department is working with our international partners and using all tools at our ...
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The Federal Reserve is expected to announce Wednesday that it is keeping interest rates at a quarter-century high for the sixth-straight meeting. Officials are not yet convinced ...
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The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a battle with inflation that has grown more difficult lately. In a ...
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The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the ...
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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 a lack of 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. Beginning in June, the Committee will slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $60 billion to $25 billion. The Committee will maintain the monthly redemption cap on agency debt and agency mortgage‑backed securities at $35 billion and will reinvest any principal payments in excess of this cap into Treasury 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 e post: FOMC STATEMENT COMPARE pic.twitter.com/eNQfsvqMI8 post: FED VOTE IN FAVOR OF POLICY WAS UNANIMOUS. post: *FED HOLDS BENCHMARK RATE IN 5.25%-5.5% TARGET RANGE *FED: LACK OF FURTHER PROGRESS TOWARD 2% GOAL IN RECENT MONTHS post: THE FED DOES NOT EXPECT IT WILL BE APPROPRIATE TO CUT RATES UNTIL IT HAS GAINED GREATER CONFIDENCE INFLATION IS MOVING SUSTAINABLY TOWARD 2%.
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post: FED'S POWELL: A RISE IN UNEMPLOYMENT WOULD HAVE TO BE MEANINGFUL FOR US TO REACT. post: Powell: "A couple tenths" of an increase in the unemployment rate doesn't count as an "unexpected weakening" in the labor market that would justify cuts.
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post: FED'S POWELL: WE'VE SEEN PRETTY CONSISTENT PROGRESS ON SLOWING WAGE GROWTH, BUT BUMPY. post: FED'S POWELL: IF WAGE INCREASES RUN HIGHER THAN PRODUCTIVITY, THERE WILL BE INFLATIONARY PRESSURES. post: FED'S POWELL: WE WILL TAKE SOME TIME, BUT WE WILL BRING INFLATION TO 2%. post: FED'S POWELL Q&A: CENTRAL BANK POLICIES GLOBALLY MAY DIVERGE AS USA GROWTH EXCEEDS THAT IN OTHER ECONOMIES; US MAYBE MORE 'CAUTIOUS' IN ANY RATE CUTS #Powell #FOMC #FederalReserve #rates #economy post: *POWELL: VERY PLEASED WE HAVEN'T SEEN PAIN ORIGINALLY PROJECTED
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Bitcoin (BTC) declined by 3.65% on Wednesday (May 1). Following a 5.02% slide on Tuesday (April 30), BTC ended the session at $58,917. Significantly, BTC last closed out a session at sub-$60,000 on February 27. The FOMC interest rate decision and press conference delivered a choppy end to a negative bitcoin session. US BTC-spot ETF market flow trends for ...
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Bitcoin (BTC) price flush crashed on Wednesday, losing the $60,000 threshold. The dump saw millions in positions liquidated ahead of the FOMC. Bitcoin price has crashed 6% in the past 24 hours to trade for $57,495 as of press time. The dump that saw BTC slip below the pool of liquidity between $60,600 and $59,005 has caused over $230 million in total crypto ...
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Tether Holdings Ltd., the British Virgin Islands-incorporated operator of the largest stablecoin, said it posted record net profit of $4.52 billion in the first quarter, largely driven by interest earned from its holdings of US Treasuries and appreciation in Bitcoin and gold. The market value of Tether’s USDT token has climbed to above $110 billion, as the ...