Crypto News
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FTX has reached a settlement with its largest creditor, the Internal Revenue Service (IRS). This agreement resolves a significant $24 billion tax dispute that has been looming over the exchange's restructuring process. Initially, the IRS claimed FTX owed over $44 billion in taxes, but this amount has been substantially reduced as part of the settlement. ...
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The Big Tech companies are often compared against each other in many ways: how much money they make, market capitalization, and the newest flavor, generative AI capabilities. But in their great strides to capture the digital realm, how many huge data facilities do they need for all their services, analytics, and storage? Sourcing information from Meta, ...
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Generally, you can think of a crypto ETF as a vehicle or tool that aims to bridge/connect the worlds of traditional finance and crypto. It achieves this goal by creating a channel for limited exposure to crypto, making it similar to traditional financial market products. In this article, we’ll cover everything you need to know to solve the mystery behind ...
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In March 2024, Indiana Governor Eric J. Holcomb signed groundbreaking bipartisan legislation pushing back against any efforts by the Federal Reserve to adopt a Central Bank Digital Currency (CBDC) in the United States. The legislation was led by Senator Eric Koch and Representative Kyle Pierce. Indiana SB 180 expressly prohibits state government agencies ...
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China's service economy expansion accelerated in May as greater new business inflows spurred faster services activity growth. New export business also increased at the fastest pace in a year. In turn, service providers expanded their staffing levels, which supported the clearance of backlogged orders. Price pressures intensified, however, with firms raising ...
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Bitcoin price has held relatively steady this week as traders waited for the next catalyst and as the US dollar retreated. The BTC/USD pair was trading at 70,300 on Wednesday, higher than last week’s low of 66,500. US dollar has retreated Bitcoin price rose as the US dollar index, which measures the strength of the greenback against a basket of currencies, ...
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Weak labor market data (JOLTS big miss) and mixed Orders (Manufacturing beat, Durables miss) sent 'hard' data' to its weakest since the start of the year.. chart ...and that ...
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Over the past three years, Treasury has helped drive a historic economic recovery and put our economy on a strong path for the medium- and long-term. GDP growth has been strong, ...
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Prime Minister Narendra Modi declared victory Tuesday for his alliance in India’s general election, claiming a mandate to push forward with his agenda, even though his party lost ...
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Private sector employment increased by 152,000 jobs in May and annual pay was up 5.0 percent year-over-year, according to the May ADP® National Employment ReportTM produced by the ...
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Key statistics: The Australian economy rose 0.1% in seasonally adjusted chain volume measures In nominal terms, GDP rose 1.4% The terms of trade rose 0.2% Household saving to ...
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China's service economy expansion accelerated in May as greater new business inflows spurred faster services activity growth. New export business also increased at the fastest ...
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Bitcoin price has held relatively steady this week as traders waited for the next catalyst and as the US dollar retreated. The BTC/USD pair was trading at 70,300 on Wednesday, higher than last week’s low of 66,500. US dollar has retreated Bitcoin price rose as the US dollar index, which measures the strength of the greenback against a basket of currencies, ...
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Ethereum price declined again below the $3,760 support zone. ETH retested the $3,720 support and remained well-bid. A low was formed at $3,728 and the price started another increase, like Bitcoin. There was a move above the $3,800 level, but the bears were again active near $3,840. A high was formed at $3,836 and the price is now consolidating gains in a ...
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CME Group, the world's leading derivatives marketplace, today reported its May 2024 market statistics set a new average daily volume (ADV) record of 26 million contracts for the month, up 4% from May 2023. The company's interest rate and metals products also reached May ADV records, as its deeply liquid U.S. Treasury complex hit a new single-day record of ...