Crypto News
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Changpeng Zhao, the founder and former CEO of crypto exchange Binance, heads to a Seattle courtroom on Tuesday to learn whether the crimes he admitted to committing will land him in prison for an extended sentence. In November, Zhao pleaded guilty to enabling money laundering at Binance. As part of his plea deal with the Department of Justice, Zhao agreed ...
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video The Securities and Exchange Commission and its chairman, Gary Gensler, appear to have believed for at least a year that the second largest cryptocurrency, ethereum, may be an unregistered security trading out of compliance with current federal regulations, FOX Business has learned. The revelation comes following the filing of an unredacted complaint ...
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The past century has been a wild ride for investors. This article explores ten of the most dramatic plunges the stock market has witnessed, from the tech-fueled Dot-com bubble burst to the global economic shock of the COVID-19 pandemic. Each crash offers a unique story, exposing vulnerabilities in the system and highlighting the interconnectedness of ...
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Emerging economies are leading the CBDC race, with four retail CBDCs now live, albeit with mixed success due to a relatively low adoption and few downloaded wallets. Advanced economies, such as the Fed and the ECB, are taking a more cautious "wait-and-see" approach, with decisions on digital currencies expected in the coming years. Despite the progress in ...
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Real gross domestic product (GDP) increased 0.2% in February, following a 0.5% gain in January. Services-producing industries (+0.2%) led the growth for a second month in a row, fuelled by gains in transportation and warehousing. The goods-producing industries aggregate was essentially unchanged as the mining, quarrying, and oil and gas extraction sector ...
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Bitcoin fell a bit during the trading session on Monday and we have dropped below the 50 day EMA. But ultimately, I think this is a market that is going to, eventually trying to find buyers perhaps down at the $60,000 level. I don't know, but this is a market that continues to be very noisy, very, tired, probably after this massive rally higher.But, given ...
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The first quarter of 2024 has surprised on the economic front. Instead of the anticipated slowdown, coupled with US outperformance ending, what we saw was global economic activity ...
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I am very pleased to be with you today to talk about the changes taking place in our payment system and the wider financial system, driven by the advancing digitalisation of ...
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We have raised our Asia-Pacific growth forecast for 2024 to 4.5%. IMF Director of Asia & Pacific Krishna Srinivasan presents our latest Regional Economic Outlook.
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Compensation costs for civilian workers increased 1.2 percent, seasonally adjusted, for the 3-month period ending in March 2024, the U.S. Bureau of Labor Statistics reported ...
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China’s factory activity remained in expansion territory for the second consecutive month in April, in the latest sign that the economic recovery is picking up pace. The official ...
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Euro area annual inflation is expected to be 2.4% in April 2024, stable compared to March according to a flash estimate from Eurostat, the statistical office of the European ...
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Bitcoin fell a bit during the trading session on Monday and we have dropped below the 50 day EMA. But ultimately, I think this is a market that is going to, eventually trying to find buyers perhaps down at the $60,000 level. I don't know, but this is a market that continues to be very noisy, very, tired, probably after this massive rally higher.But, given ...
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Bitcoin has fallen about 12% in April, and if bears sustain the lower levels, it will be the worst-performing month since November 2022, according to data from CoinGlass. Bitcoin bulls could continue to face challenges in May because the month has produced a negative monthly close for the past three years. The near-term uncertainty in Bitcoin’s price has ...
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It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government. Now it’s time for Changpeng “CZ” Zhao to ask for forgiveness, yet prosecutors aren’t exactly in the mood to grant it. In a court filing before his ...