Crypto News
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Called ‘Blue Moon’, the new NFT offering was designed by Charli Cohen, who took inspiration from the song itself which is played before every home game and serves as the anthem of Manchester City fans. The cooperation between OKX and Manchester City has now resulted in a new NFT offering with the launch of the second design of ‘Unseen City Shirts’. The ...
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The National Anti-Scam Centre’s collaborative efforts across government, law enforcement, consumer organisations and industry have boosted the community’s fight against financial crime, as the latest Targeting Scams report reveals a 13.1 per cent decline in reported losses to $2.74 billion in 2023. The report compiles data reported to Scamwatch, ...
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The Basel Committee implementation programme has been integral to international financial architecture. Having celebrated its 50th anniversary on 24-25 April, the Basel Committee on Banking Supervision has journeyed from a humble forum for G7 bank supervisors to a titan among global financial standard-setting bodies. Its standards and principles – ...
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The inflation rate in Germany is expected to be +2.2% in April 2024. The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to increase by 0.5% on March 2024. The ...
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Bitcoin fell a bit during the trading session on Friday, but it still looks fairly well supported just above the 50 day EMA. By staying stable in this area, it does suggest that perhaps sooner or later we will turn things around and rally. Keep in mind that Bitcoin of course, is dealing with a very strong U.S. dollar, but perhaps more than anything else, it ...
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Four people have been arrested and charged over an alleged cryptocurrency investment scam operating on the Gold Coast that defrauded around 30 people out of $1.5 million. The charges come following an almost two-year investigation by Queensland Police into cold call investment fraud or "boiler room" schemes. "Investigations focused on the fraudulent ...
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Claudio Piron, co-head of Asia foreign exchange and rates strategy at BofA Securities, says the weakness in the Japanese yen, which dropped as much as 1.2% to 160.17 per dollar on ...
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Mark Matthews, head of Asia research at Julius Baer, explains why he sees three interest rate cuts by the Federal Reserve this year.
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The latest figures confirm the pick-up in US inflation over the past few months, with the Fed signalling that interest rates are likely to stay high for longer amid more ...
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A couple of quick moves and the pair is dragged back down on the day: chart USD/JPY 1-minute chart. I had a whole post lined up about how Tokyo had every reason to step in but they didn't earlier. So far, the drop is still seeing a couple of volatile pushes up and down when you drill down to the minute chart. It is not quite one with extreme force. As such, I'm inclined to say that this isn't a move by Tokyo to step in. But rather, exacerbated flows making its way through some stop orders. The pair now dips to 157.80 before being bought back up again to 158.20 in quick succession. post: AND USDJPY FALLS BACK DOWN TO ERASE 2HRS OF GAIN pic.twitter.com/lsojAG8qc5 USD/JPY drop gathers pace, now down to 157.21 on the day BOJ intervention in play? chart Now, this is starting to look a bit more forceful. The 150-pip decline earlier still had some semblance of the move that we saw on Friday last week. But now, the drop in USD/JPY is starting to look more forceful and convincing. If anything, we might have finally hit the nerve and Tokyo are responding in due kind. USD/JPY now down to 156.85 as I update the post. The question now is how long can Tokyo keep this up for as they look to draw a hard line on the yen fall? The big problem for Japanese officials is that they don't have the fundamental narrative on their side. post: USD/JPY Extends Decline, Falls 1.1% to Day’s Low at 156.60
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post: USDJPY BRIEFLY CROSSES 160 pic.twitter.com/Y1bdGt8dbA USD/JPY leaps above 160 (briefly) No fresh news to act as a catalyst, stop loss run cited. 160.24 seen, but its dropped back under 160 since. Above 160 to its highest since 1990. One minute candles: chart Japanese yen weakens to 160 against the U.S. dollar for the first time since 1990 The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia. The yen briefly touched 160.03 against the dollar, the weakest level since April 1990 when it touched 160.15, according to FactSet data. The currency has languished alongside continued strength in the greenback as Federal Reserve rate cut expectations get pushed back. The yen has traded around 150 or weaker against the dollar since the Bank of Japan ended its negative interest rate regime in March. On Friday, the central bank held rates and slightly raised its inflation expectations for fiscal 2024. Japanese authorities have repeatedly warned against “excessive” moves in the yen, but have made no official announcements about bolstering the currency. Some market watchers had suspected authorities would intervene at the 155 level, but the yen slid past that mark last week. Japanese markets are closed Monday for a public holiday.
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The inflation rate in Germany is expected to be +2.2% in April 2024. The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a ...
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The crypto market has lost 3.3% in the last 24 hours to $2.3 trillion. The last time this level of capitalisation was on 19th April. Most worrying is the reversal of the trend from up to down last Wednesday. If the market easily pulls back below the previous local lows ($2.2 trillion), the downtrend in the market will be confirmed. Bitcoin is developing its ...
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The yield of German Government Bonds is heading up, whereas their price is going down. The yield of this asset was 2.578% at the end of last trading week. Although it might head up and reach 3.0% soon. At the same time, the asset’s price might significantly drop. So, let’s observe what might happen next. chart The price of the British pound rebounded from ...
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The European Union’s 27 member states are getting ready to enforce its landmark crypto laws this year – and businesses looking to operate in the bloc should be watching what national authorities are doing, policy watchers say. In a few months, the Markets in Crypto Asset (MiCA) regulation’s specialized rules for stablecoin issuers will take effect, followed ...