Crypto News
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Aiden Pleterski, the self-proclaimed “Crypto King” who collected millions of dollars from investors, only to spend it on luxury goods, has been arrested on fraud charges in Canada. Pleterski, who lives in the Toronto suburb of Whitby, Ontario, was charged with fraud and laundering the proceeds of crime and held for a bail hearing, according to a statement ...
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Two brothers have been charged with wire fraud for manipulating transactions for their own benefit on the Ethereum blockchain. Why it matters: It shows the U.S. Department of Justice has learned how to make sense of extremely complex blockchain attacks and track down their perpetrators. Flashback: A little over a year ago, traders on Ethereum using bots to ...
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When the yield curve flattens and eventually inverts, you worry. But it’s when a recession hits, the Fed cuts rates and the curve steepens that you become s**t scared. Yield curve dynamics represent a crucial macro variable, as they inform us on today’s borrowing conditions and on the market future expectations for growth and inflation. An inverted yield ...
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Coiners have been worried that the end of the free-money era would blunt bitcoin's next rally. The big picture: True, bitcoin is a risk asset, which tends to do better when interest rates are low, and poorer when rates are high — but ending there would oversimplify what factors are driving price of the world's oldest cryptocurrency. Bitcoin has a limited ...
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I would like to thank the Digital Chamber for the invitation to share my perspectives on innovation in the financial system. I welcome opportunities like this to engage in discussions that include both the public and private sector on this important topic. These conversations help inform my understanding of and expectations for how technology can enhance ...
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Go long after a bullish price action reversal on the H1 timeframe following the next touch of $61,180, $59,807, or $58,309. Put the stop loss $100 below the local swing low. Move the stop loss to break even once the trade is $100 in profit by price. Take off 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of ...
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The CPI for April came in pretty close to expectations. CPI came in at 0.31% m/m, and 0.29% on core, versus a priori expectations for 0.37% and 0.30%. This relative accuracy does ...
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US consumers could be reaching their breaking point. After dealing with elevated inflation and the highest interest rates in decades, they’re starting to rein in their spending. ...
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Markets expressed mild relief toward a pair of US inflation and consumer spending prints that change nothing yet for the FOMC. The result had markets gently piling into the US ...
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March, the U.S. Bureau of Labor ...
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post: Fed’s Kashkari: Fed is Focused on Underlying Demand in the Economy to Get Inflation Down Kashkari: Americans Have Been Spending More Than I Would Have Expected post: <=USD>:*FED'S KASHKARI: NEED TO PAY MORE ATTENTION TO ACTUAL INFLATION post: KASHKARI: HOUSING MKT HAS BEEN MUCH MORE RESILIENT THAN I WOULD HAVE EXPECTED KASHKARI: VERY FOCUSED ON HOUSING AREA RIGHT NOW post: FED'S KASHKARI: THE BIG QUESTION MARK NOW IS, HOW RESTRICTIVE IS POLICY RIGHT NOW? post: KASHKARI: WE PROBABLY NEED TO SIT HERE FOR A WHILE LONGER TO FIGURE OUT WHERE INFLATION IS HEADED
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Retail sales were weaker than expected in April, furthering concerns about the state of the consumer amid sticky inflation and higher interest rates. Retail sales were flat in ...
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Ultimately, weaker US data equates to assumption of Fed cuts and therefore ‘easier money’, which in turn boosts appetite for risk. Yet the data cannot come in too soft, as the US needs to achieve lower inflation alongside stable growth for risk to rally on the ‘soft landing scenario’. And as traders are favouring softer US data over strong, it may not take ...
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The S&P 500 Index (SPX) and the Nasdaq Composite soared to a new lifetime high after the United States Consumer inflation report came in less than expected. That ignited a rally in Bitcoin, pushing the price above $66,000. The farther Bitcoin moves from $60,000, the less likely a breakdown is. However, that does not guarantee the start of a new uptrend. ...
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Although Robinhood may face enforcement actions in the United States for its cryptocurrency offerings, it is expanding its services in Europe further. Today (Wednesday), the brokerage has announced its first crypto staking services for Solana holders, which will be available only to its customers in Europe. Apart from staking, the American-headquartered ...