Crypto News
-
Inspired by Costco’s flagship hot dog—and its decades-long price tag of $1.50 (plus drink)—a crop of crypto traders have found themselves engaged with Costco Hot Dog (COST). The Solana-based meme coin is an unofficial riff on the wholesale retail giant’s product, yet many holders are fans of the menu item and its dependable, inflation-flouting price point. ...
-
Over two years ago, a discovery of mysterious antennas, consisting of a locked battery box, a router, and a solar panel, in the mountains of the Salt Lake City area has left the Utah authorities baffled over their origin, and today, there is still no official answer as to who was behind them. Specifically, Salt Lake’s recreational trails manager Tyler ...
-
Bitcoin has had a phenomenal journey from a niche digital currency to a trillion-dollar asset class in a 15-year period. The January 2024 approval of 11 spot bitcoin ETFs was a watershed moment, presenting investors with a gateway to being able to invest in bitcoin through their traditional investment accounts. We expect this will continue to boost broader ...
-
It is my great pleasure to welcome all of you to this conference. As Governor Ueda mentioned in his opening remarks, the Bank of Japan is conducting the “Broad Perspective Review” of our monetary policy over the past 25 years. In short, it has been a battle against persistent deflation and a battle with the zero lower bound. Let me start by giving an overview of the inflation picture during this period. Please look at Chart 1. Japan’s deflation started in the late 1990s and continued for 15 years. The average inflation rate was just minus 0.3%. It was a mild but persistent deflation. To tackle this situation, the Bank introduced the 2% price stability target and Quantitative and Qualitative Monetary Easing, or QQE, in 2013, and a negative interest rate policy and Yield Curve Control, or YCC, in 2016. As a result, we succeeded in achieving a situation without deflation, but the average inflation rate was 0.5%, which fell short of our 2% goal. Recently, inflation rate has risen to around 3%, following the gl post: BOJ DEPUTY GOVERNOR UCHIDA: DEFLATIONARY BATTLE NEAR CONCLUSION post: BOJ DEPUTY GOVERNOR UCHIDA: BANK OF JAPAN OVERCOMES ZERO LOWER BOUND post: UCHIDA: CHALLENGE REMAINS TO ANCHOR 2% INFLATION post: BOJ'S UCHIDA: HIGHER MENU COSTS, TOGETHER WITH MILD INFLATION, HAVE SLOWED THE PACE OF PRICE ADJUSTMENT
-
The dynamic landscape of cryptocurrencies, marked by rapid growth and high volatility since Bitcoin’s inception in 2009, has attracted significant attention from investors and traders. The emergence of new digital currencies challenges traditional financial models, necessitating advanced analytical tools to navigate the market’s unpredictability. The quest ...
-
The Hong Kong Monetary Authority (HKMA) is pushing ahead with the next phase of its experiment with retail e-HKD, or central bank digital currency (CBDC), after gaining insight into its potential uses during a six-month pilot programme that concluded in October last year. The HKMA has said the next round of the trial with selected participants will delve ...
-
The meaning of the word "inflation" has changed. It used to mean rising prices; now it means high prices. Why it matters: Pedants, economists, and style-guide editors might not ...
-
The entire world economy is at risk from a glut of cheap Chinese exports, France’s Finance Minister Bruno Le Maire said in tandem with a barrage of joint criticism from the Group ...
-
The Bank of Japan (BOJ) will proceed cautiously with inflation-targeting frameworks, Governor Kazuo Ueda said on Monday, noting that some challenges are “uniquely difficult” for ...
-
The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist ...
-
It is my great pleasure to welcome all of you to this conference. As Governor Ueda mentioned in his opening remarks, the Bank of Japan is conducting the “Broad Perspective Review” of our monetary policy over the past 25 years. In short, it has been a battle against persistent deflation and a battle with the zero lower bound. Let me start by giving an overview of the inflation picture during this period. Please look at Chart 1. Japan’s deflation started in the late 1990s and continued for 15 years. The average inflation rate was just minus 0.3%. It was a mild but persistent deflation. To tackle this situation, the Bank introduced the 2% price stability target and Quantitative and Qualitative Monetary Easing, or QQE, in 2013, and a negative interest rate policy and Yield Curve Control, or YCC, in 2016. As a result, we succeeded in achieving a situation without deflation, but the average inflation rate was 0.5%, which fell short of our 2% goal. Recently, inflation rate has risen to around 3%, following the gl post: BOJ DEPUTY GOVERNOR UCHIDA: DEFLATIONARY BATTLE NEAR CONCLUSION post: BOJ DEPUTY GOVERNOR UCHIDA: BANK OF JAPAN OVERCOMES ZERO LOWER BOUND post: UCHIDA: CHALLENGE REMAINS TO ANCHOR 2% INFLATION post: BOJ'S UCHIDA: HIGHER MENU COSTS, TOGETHER WITH MILD INFLATION, HAVE SLOWED THE PACE OF PRICE ADJUSTMENT
-
Crypto market capitalisation rose 6.2% in seven days to $2.57 trillion, approaching the area of this year’s highs above $2.7 trillion. Bitcoin’s price, like the overall market capitalisation chart, tests the upper boundary of the downward range that has been in force since March. The break of this downtrend is the ability to consolidate above the last local ...
-
Bitcoin starts a new week pressuring key resistance as the May monthly close looms. BTC price action is keeping bulls on their toes, as old all-time highs prove hard to flip to resistance. Can $69,000 fall by June? A quiet start to the week sees Memorial Day in the United States keep institutional activity off the table until May 28. Later, however, ...
-
Celebrating the approval of its spot Ether exchange-traded fund (ETF), asset manager VanEck has released a 37-second advertisement urging viewers to “Enter the ether.” The ad was posted on X on May 23, approximately 30 minutes after the Securities and Exchange Commission approved its 19b-4 filing for a spot Ether ETF. This approval was alongside those for ...