Crypto News
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During the Ohio State University 2024 Spring Commencement, Christopher Pan, the founder of MyIntent, an online jewelry retailer, gave financial advice to the graduating class, including his thoughts on Bitcoin. However, his remarks were met with boos from the crowd, indicating a degree of disapproval towards BTC. In his speech, Pan turned his attention to ...
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Crypto.com aims to sponsor more sports after committing to be the title sponsor for Formula One’s Florida event, the Crypto.com Miami Grand Prix. The digital-asset exchange is targeting sports as a catalyst to reach non-crypto enthusiasts and “will double down on our strategy,” Chief Marketing Officer Steven Kalifowitz told Bloomberg News ahead of race ...
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In the context of cryptocurrencies, “cost basis” refers to the initial outlay paid for digital assets. It is an important consideration when calculating capital gains or losses from the sale or disposal of cryptocurrencies. The capital gains or losses on an investor’s crypto sale are calculated as the selling price minus the cost basis. To avoid tax ...
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The Reserve Bank of India (RBI) may start a pilot programme for the wholesale segment of Central Bank Digital Currency (CBDC) in commercial papers (CPs) and certificates of deposits (CDs), said Governor Shaktikanta Das on Monday. Das said the daily retail transaction volume of CBDC through interoperability with the United Payments Interface (UPI) has ...
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Nigeria vowed to ban person-to-person cryptocurrency trading in the naira, taking its latest step to corral an industry which the West African nation blames for harming the battered local currency. Securities and Exchange Commission Director General Emomotimi Agama also told a meeting with fintech professionals on Monday that new rules would be rolled out ...
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I would be a buyer of Bitcoin on a move above the $66,000 level, but you would have to have a stop loss at the 50 day EMA. At that point, the target would be $73,000 above.Bitcoin initially tried to rally during the trading session on Monday but seems as if it is giving back quite a bit of the gains. At this point, we could test the 50 day EMA for support, ...
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Central banks should consider using digital currencies for both wholesale and retail, according to European Central Bank Governing Council member Francois Villeroy de Galhau. “The ...
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podcast Over the first two decades of the currency union, labour productivity (output per worker) in the euro area has been weak, at least when compared to other advanced ...
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Two years ago, the stablecoin TerraUSD collapsed, causing a ripple effect in the cryptocurrency market. TerraUSD was designed to maintain a 1:1 ratio with the dollar through an ...
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At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per ...
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post: RBA'S GOV. BULLOCK: WE BELIEVE RATES ARE AT THE RIGHT LEVEL TO GET INFLATION BACK TO TARGET. post: RBA'S GOV. BULLOCK: DATA ARE PROVING BUMPY, WE ARE TAKING A LONGER VIEW.
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Over the past few years, I have published a series of essays assessing where we are in our inflation fight and highlighting some important questions policymakers are facing. My most recent essay was in February of this year, where I questioned how much monetary policy was actually restraining demand. This essay is an update to that commentary, and I now examine the current stance of monetary policy in more detail.1 I will argue that the Federal Open Market Committee (FOMC) has tightened policy significantly, compared with prior cycles, both in absolute terms and relative to the market’s understanding of neutral. But I will also observe that the housing market is proving more resilient to that tight policy than it generally has in the past. Given that housing is a key channel through which monetary policy affects the economy, its resilience raises questions about whether policymakers and the market are misperceiving neutral, at least in the near term. It is possible that once the reopening dynamics of the post-COVID economy have concluded, the macro forces that drove the low-rate environment that existed before the pandemic will reemerge, pulling neutral back down. But the FOMC must set policy based on where neutral is in the short run to achieve our dual mandate goals in a reasonable period of time. The uncertainty about where neutral is today creates a challenge for policymakers. post: FED'S KASHKARI: HOUSING MARKET IS PROVING MORE RESILIENT TO TIGHT MONETARY POLICY THAN IT HAS BEEN IN THE PAST post: FED'S KASHKARI: IT IS POSSIBLE THAT HOUSING MARKET RESILIENCE MEANS THE NEUTRAL RATE HAS BEEN PUSHED HIGHER, AT LEAST IN THE SHORT TERM. post: FED'S KASHKARI: I QUESTION POLICY RESTRICTIVENESS, GIVEN THE INFLATION DATA. post: KASHKARI: FED MUST SET POLICY BASED ON SHORT-RUN NEUTRAL RATE
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I would be a buyer of Bitcoin on a move above the $66,000 level, but you would have to have a stop loss at the 50 day EMA. At that point, the target would be $73,000 above.Bitcoin initially tried to rally during the trading session on Monday but seems as if it is giving back quite a bit of the gains. At this point, we could test the 50 day EMA for support, ...
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Bitcoin witnessed increased volatility last week. The price recovered from an intraweek low of about $56,500 to finish above $64,000, a marginal gain of roughly 1.5% over the previous week. This shows that the sentiment remains positive, and lower levels are being purchased by the bulls. According to Farside Investors data, the spot Bitcoin exchange-traded ...
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Crypto.com has reached a new milestone by surpassing 100 million users globally, marking a significant achievement for the company since its inception in 2016. The cryptocurrency exchange attributed this achievement to its latest marketing campaigns, which include partnerships with renowned personalities, venues, and events. Partnerships Propel Crypto.com ...