Crypto News
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Crypto scammers are desperately trying to hit it off with Canadians on dating apps and websites this summer. However, many hopeless romantics are paying a hefty price in the process. The Canadian Anti-Fraud Centre (CAFC) noticed an increase in two particular types of crypto scams targeting Canadian citizens — pig butchering, or romance scams, and investment ...
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This week’s celebrity meme coin craze took a fresh twist late Tuesday when Australian rapper Iggy Azalea—best known for the hit song “Fancy” a decade ago—launched her own Solana meme coin, MOTHER. And the crypto community broadly appears convinced that Azalea might be a “real one” and not just in it for a quick cash grab. MOTHER has charted massive gains ...
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In February 2024, two pseudonymous creators — “ctrl” and “Acme” — developed a new experimental token standard that combines the properties of two established token standards: ERC-20 and ERC-721. The ERC-404 GitHub site states that the two standards it intends to combine “are not designed to be mixed,” but the effort aims to merge them in “as robust a manner ...
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Financial markets fell under pressure in trading on Wednesday after a spike to 4.64% in the U.S. 10-year Treasury yield rattled investors already concerned about the prospects for interest rate cuts in 2024. “Stock futures declined on Wednesday, as rising Treasury yields continued to pressure the broader market, despite gains from Nvidia,” said analysts at ...
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Global payment giant Mastercard has launched its peer-to-peer cryptocurrency credentials pilot program to simplify how users send and receive digital currencies. The new service is available in more than ten countries in Europe and Latin America. By introducing the Mastercard Crypto Credential, the company aims to simplify and secure crypto transfers, ...
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The inflation rate in Germany is expected to be +2.4% in May 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 0.1% on April 2024. The ...
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Bitcoin’s value hit a new record this year, exceeding its Covid-era high and shocking investors. Here’s what that 2021 rally can show us about this year’s spike—and the crypto ...
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Billions of dollars worth of Bitcoin are pouring into the type of blockchain projects that historically have been vulnerable to hackers and other security risks. The allure of the ...
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CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile ...
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The Conference Board Consumer Confidence Index® rose in May to 102.0 (1985=100) from 97.5 in April (a slight upward revision). The Present Situation Index—based on consumers' ...
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post: SWISS NATIONAL BANK'S JORDAN: REASONS TO BELIEVE THE NATURAL RATE OF INTEREST HAS INCREASED OR MIGHT RISEJordan: The natural rate of interest (r*) as a reference point for monetary policy - a practitioner's view Ladies and gentlemen I am delighted to be here today in Seoul to address such a distinguished audience. I would like to thank Governor Rhee for inviting me to give this keynote speech. The topic of this year’s Bank of Korea International Conference – ‘The Evolution of the Natural Interest Rate and Its Implications for the Global Economy’ – could not have come at a better time. Monetary tightening over the past two years has lifted policy rates and longerterm interest rates from their historical lows. There are reasons to believe that some of the structural drivers of real interest rates have also changed direction in recent years. A lively debate has emerged on whether real interest rates will return to their pre-pandemic levels, or whether they will remain higher because the natural rate of interest, r*, has increased.1 Over the past years, r* has become an important reference point for monetary policy. The difference between the real interest rate and r* gives a measure of a central bank’s monetary policy stance. Therefore, r* estimates help in evaluating different monetary policy options. However, the measurement of r* is subject to high uncertainty. Today I would like to focus mainly on how policymakers can nevertheless make use of r* estimates in practice. In the first part of my remarks, I will briefly review the developments in real interest rates over the past decades. I will then turn to the concept of r* itself. In the second part, I will discuss how policymakers can use r* in practice to assess the monetary policy stance, and in particular, how they can deal with the inherent uncertainty in r* estimates. Here I will draw especially on the Swiss National Bank’s experience.
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Ethereum (ETH) sustained its sideways movement on Wednesday as Bloomberg analyst Eric Balchunas compared spot ETH ETFs to Silver ETFs, predicting that they will only see 20% of the flows recorded across Bitcoin ETFs. Ethereum is slightly trending downward on Wednesday following fading ETF euphoria. Here are the latest news surrounding the number one ...
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The rally in Ethereum, amidst optimism around expected SEC approval for ETH ETFs, has stalled for now with the market stagnating into a test of the 4003 level. Last Thursday the SEC laid out initial approvals for spot-ETH ETF applications (mirroring the funds launched earlier in the year for BTC). With first round approvals in place, traders are highly ...
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Customers with funds locked up in crypto exchange Gemini’s defunct crypto lending program are finally going to start getting their money back. The company, which is owned by tech billionaire twins Cameron and Tyler Winklevoss, announced Wednesday that it will return $2.18 billion of their digital assets to users of the Earn program, which it paused ...