Crypto News
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A U.S. judge rejected Meta Platforms' bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that show him promoting fake cryptocurrency and other fraudulent investments. In a decision on Monday, U.S. District Judge Casey Pitts in San Jose, California said Australia's second-richest person can try ...
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A local Chinese bank uncovered an embezzlement and money laundering scheme involving its two former executives, a former shareholder, and other suspects, using cryptocurrency to launder funds. The report noted that the illegally converted funds amounted to 1.8 billion yuan ($248 million), according to a report by Chinese financial news outlet The National ...
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Remember the Pepsi Challenge? For readers too young to have encountered it, the Pepsi Challenge is a marketing stunt organised by Pepsi, mostly in the 1970s and 1980s. Pepsi representatives would set up a stand in shopping centres or public locations and present two white cups to bystanders. One cup would contain Pepsi-Cola, and one would contain Coca-Cola. ...
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Federal Reserve officials, encouraged by recent data, are looking for more confirmation that inflation is sustainably cooling and for any warning signs from a still-strong labor market as they steer cautiously toward a potential policy easing later this year. "I expect interest rates to come down gradually over the next couple of years, reflecting the fact ...
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David McCormick, former Bridgewater CEO and a republican candidate for US Senate in Pennsylvania, discusses the need for US leadership on crypto, his vision for policy in China, the inflation risk from Donald Trump’s tariff proposals, and his support for Israel. -
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Brazil's tax authority will soon call foreign crypto exchanges not based in the country to explain their operations and how they cooperate with local service providers, government officials told Reuters on Monday. The tax revenue service is expected to publish this week an ordinance summoning these companies for further information. Unlike exchanges ...
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It is a pleasure to be back in Salzburg again for the next chapter in the Global Seminar, focusing on financial technology innovations and the developing financial regulatory ...
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Federal Reserve officials, encouraged by recent data, are looking for more confirmation that inflation is sustainably cooling and for any warning signs from a still-strong labor ...
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The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author of a time-tested rule for when recessions happen. ...
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post: FED'S WILLIAMS: I EXPECT INTEREST RATES TO COME DOWN GRADUALLY AS INFLATION EASES. post: *NEW YORK #FED PRESIDENT JOHN WILLIAMS COMMENTS ON FOX BUSINESS - BBG *WILLIAMS: US ECONOMY AND LABOR MARKET ARE STRONG *WILLIAMS: RATE OUTLOOK FOR THIS YEAR DEPENDS ON THE DATA *WILLIAMS: INFLATION IS COMING BACK TO FED'S 2% TARGET post: FED'S WILLIAMS: EXPECTS INTEREST RATES TO COME DOWN GRADUALLY AS INFLATION EASES FED'S WILLIAMS: POLITICS WILL NOT INFLUENCE FED RATE DECISIONS FED'S WILLIAMS: WE HAVE A VERY STRONG ECONOMY AND INCOMES ARE GROWING || INTEREST RATES WILL COME DOWN OVER NEXT FEW YEARS post: FED'S WILLIAMS: **RECENT INFLATION DATA HAVE BEEN ENCOURAGING **EXPECTS INFLATION TO CONTINUE TO COME DOWN **3% INFLATION IS NOT THE NEW NORM, FED WILL GET INFLATION TO 2% **WE STILL HAVE A VERY STRONG LABOR MARKET WITH SOME HIRING SLOWING
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Retail sales increased at a slower than expected pace in May as high interest rates and inflation continued to weigh on consumers. Retail sales increased 0.1, less than the 0.3% ...
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post: RBA GOV BULLOCK: **NEED A LOT TO GO OUR WAY TO BRING INFLATION BACK TO RANGE **BOARD DISCUSSED WHETHER TO HIKE RATES AT THE MEETING **BOARD DECIDED TO STAY THE COURSE ON POLICY **TRYING TO BRING DEMAND DOWN WHILE REMAINING ON NARROW PATH **BOARD WANTED TO MAKE POINT THAT… post: RBA GOV BULLOCK: **BOARD DID NOT CONSIDER THE CASE FOR A RATE CUT AT THIS MEETING **WOULD NOT SAY THAT THE CASE FOR A RATE HIKE IS INCREASING **VERY CONCIOUS THAT HIGH RATES HURTING SOME SECTOR OF COUNTRY post: RBA GOV BULLOCK: INFLATION ALSO HURTING PEOPLE, SO BOARD LASER FOCUSED ON BRINGING IT DOWN
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Ethereum prices remain subdued this week with the futures market still caught below the 3,582.5 level resistance. Following an initial breakout move higher last month as speculation grew regarding expected SEC approval of Ethereum ETF applications, the second largest crypto coin has struggled. ETH futures are now down around 23% from those highs, tracking ...
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Bitcoin price retreated as investors embraced a risk-off sentiment during the overnight session. The BTC/USD pair crashed to the important support at 65,000, down from this month’s high of 72,000. Risk-on sentiment Bitcoin price crashed hard last week after the Federal Reserve pointed to just one rate cut this year. It moved from near $70,000 to $65,000 on ...
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Trading 212, a popular brand offering cash equities and contracts for differences (CFDs), has secured a crypto asset service provider (CASP) license from the regulator in Cyprus. According to the registry of the Cyprus Securities and Exchange Commission (CySEC), the CASP license was awarded to a local entity named Trading 212 Crypto Ltd on 20 May 2024. The ...