Crypto News
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A former investment banker, who was formerly a registered broker with the Financial Industry Regulatory Authority, was sentenced today to three years and five months in prison for a fraud scheme that resulted in approximately $1.5 million in investor losses and for a separate access device fraud scheme. According to court documents, from November 2020 to ...
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Kabosu, the Japanese Shiba Inu who became the face of the popular cryptocurrency Dogecoin, passed away at the age of 18 years. Her owner, Atsuko Sato, announced the news in a heartfelt blog post last Friday. From Meme to Mainstream: Kabosu became an internet icon as the face of Dogecoin, a cryptocurrency that started as a joke but grew into a major player ...
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In February 2024, two pseudonymous creators — “ctrl” and “Acme” — developed a new experimental token standard that combines the properties of two established token standards: ERC-20 and ERC-721. The ERC-404 GitHub site states that the two standards it intends to combine “are not designed to be mixed,” but the effort aims to merge them in “as robust a manner ...
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Personal income increased $65.3 billion (0.3 percent at a monthly rate) in April, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI) —personal income less personal current taxes—increased $40.2 billion (0.2 percent) and personal consumption expenditures (PCE) increased $39.1 billion (0.2 percent). The PCE price index increased 0.3 percent. Excluding food and energy, the PCE price index increased 0.2 percent (table 5). Real DPI decreased 0.1 percent in April and real PCE decreased 0.1 percent; goods decreased 0.4 percent and services increased 0.1 percent (tables 3 and 4). table | post: The core PCE price index rose 0.25% in April (it rounded down to 0.2% because it was 0.249%) Jan-March figures were revised down ever so slightly. The 12-month change was 2.75%, a three-year low The 6-month annualized rate was 3.18%, the highest since July pic.twitter.com/boKVU2IxLA The Fed’s favorite inflation gauge showed little progress last month Inflation remained sticky in April, as a closely watched measure of price changes was unchanged from the month before, providing yet another reminder of stubborn price pressures. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — rose 0.3% from the month before, resulting in an annual rate of 2.7% that matched March’s gain, according to Commerce Department data. Although Friday’s report served as yet another reminder that slowing down inflation is a bumpy process, the results weren’t a surprise. Economists, by and large, weren’t expecting much of a meaningful shift in the inflation gauges. Both the monthly and annual increases in the overall and core index were projected to be unchanged from March, according to FactSet consensus estimates.
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Poor data from China. Manufacturing PMI 49.5 and back into contraction expected 50.5, prior 50.4 Services 51.1, missing estimates and falling below April's result. Still in expansion though. expected 51.5, prior 51.2 China has two primary Purchasing Managers' Index (PMI) surveys - the official PMI released by the National Bureau of Statistics (NBS) and the ...
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Bitcoin price extended its downside correction below the $68,000 level. BTC tested the $67,000 zone and recently started a recovery wave. The price traded as low as $67,099 before it climbed back above $68,000. There was a break above a key bearish trend line with resistance at $67,800 on the hourly chart of the BTC/USD pair. The pair climbed above the ...
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The core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation measure, will be published on Friday by the US Bureau of Economic ...
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The impact of former President Donald Trump’s historic guilty verdict has yet to set in on Wall Street. From round-the-clock currencies to after-hours equity trading, most ...
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The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade ...
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Euro area annual inflation is expected to be 2.6% in May 2024, up from 2.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union. ...
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post: DONALD TRUMP FOUND GUILTY ON ALL 34 COUNTS HE FACED AT HUSH MONEY CRIMINAL TRIAL -JURY VERDICTJury reaches verdict in Donald Trump's hush money case The jury has reached a verdict in the historic criminal case against former President Donald Trump. The verdict in the first criminal case against a former president will be read shortly in the New York City courtroom where Trump has been on trial since April 15. “We the jury have a verdict. We would like an extra 30 minutes to fill out the forms if that’d be possible,” the jury's 4:20 p.m. note said, which was read aloud in court by Judge Juan Merchan. The jury deliberated for about 9.5 hours. Trump was in the courtroom awaiting the verdict, sitting with his arms crossed. Trump was charged with 34 counts of falsifying business records related to a hush money payment to adult film star Stormy Daniels in the final weeks of the 2016 presidential election. He pleaded not guilty. post: BREAKING: Donald Trump to be sentenced on July 11
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Poor data from China. Manufacturing PMI 49.5 and back into contraction expected 50.5, prior 50.4 Services 51.1, missing estimates and falling below April's result. Still in ...
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On Thursday (May 30), bitcoin (BTC) gained 1.09%. Reversing a 1.00% loss from Wednesday (May 29), BTC ended the session at $68,383. US BTC-spot ETF market flow data for Wednesday (May 29) provided early BTC price support. The BTC-spot ETF market saw total net inflows of $28.3 million, down from $45.0 million on Tuesday (May 28). While total net inflows ...
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Bitcoin price extended its downside correction below the $68,000 level. BTC tested the $67,000 zone and recently started a recovery wave. The price traded as low as $67,099 before it climbed back above $68,000. There was a break above a key bearish trend line with resistance at $67,800 on the hourly chart of the BTC/USD pair. The pair climbed above the ...
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It’s been a landmark year for digital assets, but a move into the mainstream is making price swings less wild, diminishing a key attraction for many investors and poised to shake up growth of the biggest revenue source for exchanges such as Coinbase Global Inc. Despite posting higher-than-forecast first-quarter revenue and profit, the largest US crypto ...