Crypto News
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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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Bitcoin Cash is the current mania in the Cardano ecosystem following a proposal by the network’s executive inviting the public to vote on X (formerly Twitter), about a possible integration. tweet Based on the post, the integration would mean elements such as Proof of Work Leios, NiPoPoWs, and Ergo tech come into the fold. Based on the latest update, over ...
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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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Bitcoin (BTC) price is has failed to show the same vigor it showed during the weekend, stuck within the $63,000 range on Monday. Meanwhile, MicroStrategy has climb to the top of the list for BTC owners among public companies and Bitcoin price retracted to $63K range after a strong weekend, buyer momentum has flatlined on daily time frame. MicroStrategy now ...
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In a significant legislative update, South Korea has revised its Donation Act for the first time since 2006, broadening the scope of acceptable donation assets but notably excluding cryptocurrencies like Bitcoin. Expanded donation options embrace technology: The Ministry of the Interior and Safety, which is overseeing the amendments to the Enforcement ...
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post: Fed’s Williams: is Seeing Job Growth Moderate Fed’s Williams: Fed is Looking at Totality of Economic Data Fed’s Williams: Eventually There Will Be Rate Cuts post: FED'S WILLIAMS: THE FED BALANCE SHEET WIND DOWN HAS GONE SMOOTHLY. post: <=USD>:*WILLIAMS: EXPECT GOOD THOUGH SOMEWHAT SLOWER GDP GROWTH IN '24 *WILLIAMS: SEE SIGNS HOUSEHOLDS BEING MORE CAREFUL WITH SPENDING *WILLIAMS: HIGHER GOVT DEBT MEANS SOMEWHAT HIGHER GLOBAL RATES *WILLIAMS: TOO SOON TO SAY HOW AI WILL AFFECT LONG-TERM ECONOMY post: WILLIAMS: NEXT FED MOVE LIKELY TO BE LOWER RATES
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Federal Reserve Bank of Richmond President Thomas Barkin said he expects high interest rates to slow the economy further and cool inflation to the central bank’s 2% target. ...
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Recent comments from a number of MPC members have hinted that a cut in Bank Rate might not be too far away and possibly rather sooner than financial markets currently expect. ...
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Household borrowers are set to be spared from further pain at the Reserve Bank’s May meeting, yet all eyes will be on governor Michele Bullock’s post-meeting press conference for ...
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post: Fed’s Barkin: Inflation Data This Year “Disapppointing...Job is Not Yet Done” Barkin: Confident That Current Restrictive Level of Rates Can Curb Demand Enough to Bring Inflation to Target Barkin: Data “Whiplash” Confirms Value of Fed Being Deliberate post: FED'S BARKIN: I DON'T SEE THE ECONOMY OVERHEATING, BUT THE FED KNOWS HOW TO RESPOND IF IT DOES.Barkin: Navigating Data Whiplash Thank you for that kind introduction and for having me here today. I thought I would speak about the economy and where it may be headed, and then I look forward to your questions and input. I caution you these are my thoughts alone and not necessarily those of anyone else on the Federal Open Market Committee or in the Federal Reserve System. Contrary to most forecasts, including my own, the economy finished 2023 in a good place. Headline inflation, as measured by the personal consumption expenditures (PCE) price index, dropped all the way to 2.6 percent by year-end. For the final seven months of the year, annualized core PCE came in just under our 2 percent target. At the same time, despite higher interest rates, global conflicts, and banking turmoil, economic growth was healthy at 3.4 percent, and unemployment remained near historic lows. But early 2024 inflation data has been disappointing to those who thought that the inflation fight was behind us. In the last three months, quarter-over-quarter core PCE inflation rose to 3.7 percent annualized. Headline rose to 3.4 percent. That number, fortunately, is nowhere near the 7.1 percent headline inflation we saw in June 2022 but does remind us that the job is not yet done. Demand remains robust. While the headline first quarter GDP number came in lower at 1.6 percent, it was held down by the volatile cate
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post: Fed’s Williams: is Seeing Job Growth Moderate Fed’s Williams: Fed is Looking at Totality of Economic Data Fed’s Williams: Eventually There Will Be Rate Cuts post: FED'S WILLIAMS: THE FED BALANCE SHEET WIND DOWN HAS GONE SMOOTHLY. post: <=USD>:*WILLIAMS: EXPECT GOOD THOUGH SOMEWHAT SLOWER GDP GROWTH IN '24 *WILLIAMS: SEE SIGNS HOUSEHOLDS BEING MORE CAREFUL WITH SPENDING *WILLIAMS: HIGHER GOVT DEBT MEANS SOMEWHAT HIGHER GLOBAL RATES *WILLIAMS: TOO SOON TO SAY HOW AI WILL AFFECT LONG-TERM ECONOMY post: WILLIAMS: NEXT FED MOVE LIKELY TO BE LOWER RATES
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post: FED'S BARKIN: I HEAR STRONGLY FROM BUSINESS CONTACTS THAT THE LABOR MARKET IS NORMALIZING, THOUGH SOME SECTORS THAT FELL BEHIND IN HIRING DURING THE PANDEMIC ARE STILL CATCHING UP. post: FED'S BARKIN: THE METRICS OF WHERE NEUTRAL RATE IS HAVE MOVED UP; BUT FEELS LIKE CURRENT POLICY IS RESTRICTIVE. post: FED'S BARKIN: IT STILL FEELS LIKE THE WEIGHT OF RISKS IS TOWARDS INFLATION. post: FED'S BARKIN: IT TAKES A WHILE TO CORRAL PRICE-SETTERS TO THINK "THEY DON'T HAVE A CHANCE". post: FED'S BARKIN: I TEND TO IMAGINE FED WILL NEED TO TAKE SOME EDGE OFF DEMAND TO FINISH INFLATION FIGHT, THOUGH SOME HELP FROM SUPPLY IS STILL POSSIBLE.
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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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At this point in time, it looks like Bitcoin is trying to come back and break higher as the overall uptrend looks to be reasserting itself. The $60,000 level, of course, is an area that a lot of people should be paying attention to. The fact that we have broken above there suggests that we are ready to go higher. However, as usual you will have to be ...
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Kraken has unveiled its latest strategic move aimed at bolstering its presence in the European market. The company has announced a new partnership designed to facilitate the expansion of its product offerings in Germany, a pivotal market in the region for crypto adoption. Scheduled to commence around July 10, 2024, this collaboration will enable Kraken to ...