Crypto News
-
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a “scapegoat” and failing to take its share of responsibility for missing the trades. Kavish Kataria, who was dismissed from the bank’s Delta One desk last year, said the profits and losses on his trades were reported on a daily basis to ...
-
Bitcoin mining in Iran produced a possible $1 billion in revenue in 2021. Iran has used crypto to evade sanctions and fund terrorist groups, claims Senators Warren and King. Senators Warren and King want the Biden administration to outline steps taken to address threats posed by Iran's mining operations. In a letter on May 1, US lawmakers Senators Elizabeth ...
-
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 ...
-
Total nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in social assistance, and in transportation and warehousing. This news release presents statistics from two monthly surveys. The household survey ...
-
Federal Reserve Governor Michelle Bowman said inflation will likely remain elevated for “some time,” but added she still anticipates price gains will eventually cool with interest rates held at current levels. Bowman, the first Fed official to speak since Chair Jerome Powell’s remarks Wednesday, said recent inflation data suggest the low readings seen at ...
-
The pound-dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is signaling positivity. Bitcoin gained 0.9% against the dollar in the last session. However, the ROC is giving a negative signal, indicating potential downward movement. The oil-dollar price remained largely unchanged in the last session. Despite this, the ...
-
Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal Reserve. Nonfarm payrolls are expected to show a ...
-
Seth Harris, Burnes Center for Social Change Senior Fellow at Northeastern University, discusses the current status of the economy and the labor market ahead of the April Jobs ...
-
So maybe Fed Chair Powell did get an early look at the jobs report given his dovish leaning press conference on Wednesday. Non-farm payrolls rose 175k in April versus the 240k ...
-
Total nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job ...
-
Economic activity in the services sector contracted in April for the first time since December 2022, ending a period of 15 consecutive months of growth, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 49.4 percent; it indicated sector expansion in 45 of the previous 47 months. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In April, the Services PMI® registered 49.4 percent, 2 percentage points lower than March's reading of 51.4 percent. The composite index indicated contraction in April after 15 consecutive months of growth since a reading of 49 percent in December 2022, the first contraction since May 2020 (45.4 percent). The Business Activity Index registered 50.9 percent in April, which is 6.5 percentage points lower than the 57.4 percent recorded in March. The New Orders Index ex post: US ISM Services Index Apr: 49.4 (est 52.0; prev 51.4) - Prices Paid: 59.2 (est 55.0; prev 53.4) - Employment: 49.5 (est 49.0; prev 48.5) - New Orders: 52.2 (est 54.5; prev 54.4)
-
post: Fed’s Goolsbee: 175,000 New Jobs is a Very Solid Report - Bloomberg TV post: *GOOLSBEE: NEED TO TAKE A STEP BACK, SEE WHAT INFLATION BUMP IS post: Goolsbee: Hit a Bump on Inflation at the Start of the Year post: Goolsbee: the More Jobs Report That Look Like They Did Pre-Covid the More Confidence There’s That the Economy is Not Overheating post: *GOOLSBEE: DON'T WANT TO COMMIT TO TYING OUR HANDS ABOUT RATES
-
The pound-dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is signaling positivity. Bitcoin gained 0.9% against the dollar in the last session. However, the ROC is giving a negative signal, indicating potential downward movement. The oil-dollar price remained largely unchanged in the last session. Despite this, the ...
-
video Bitcoin found support at 56,500 on Wednesday following a drop below a lower trendline earlier in the session that formed a wedge pattern. That bull wedge pattern was negated by the drop as Bitcoin broke down from the pattern instead of up. However, support was seen just shy of the first target zone from 56,168 to 56,159. That price target consists ...
-
A unit of crypto exchange Kraken is emerging as a key beneficiary of this year’s boom in spot-Bitcoin exchange-traded funds, which debuted in the US in January and rolled out in Hong Kong this week. The unit, CF Benchmarks, said it provides reference data for about $24 billion in cryptocurrency ETFs, mostly Bitcoin funds including BlackRock’s US-based $15.9 ...