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On Wednesday, the U.S. Labor Department is scheduled to release June's consumer price index figure. The data is likely to show the cost of living rose 1.1% month-on-month, bringing the annualized figure to a new four-decade high of 8.8%. The CPI stood at 8.6% in May. The core inflation, which
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Porter founder Jordan Meyer said the platform was also shunning legal risks with the move. “We are also no longer willing to take on the legal risk associated with bond offerings,” Meyer said, without saying what those risks might be. “For these reasons, we are pivoting away from the bond
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Instead, Bond – who describes herself as an “America First conservative” – says she’s more concerned about gas prices and the country’s economic growth. In a campaign announcement provided to CoinDesk, Bond describes herself as “pro-life, pro Trump’s border wall…[and] she believes the police need to be defended, not defunded.” Original Source
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Up until last week, economists predicted a 50 basis point rate increase, as happened in May. But a U.S. government report Friday showed the consumer price index, which tracks inflation, rose to a new high of 8.6% instead of an expected slowdown. Now, the central bank is entertaining the possibility
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El Salvador’s finance minister Alejandro Zelaya has said the country will further delay launching its anticipated billion dollar Bitcoin (BTC) bond citing price volatility and uncertain market conditions resulting from the ongoing Russo-Ukrainian war.The news comes at the same time that Amnesty International accused the Salvadoran authorities of “flagrant violations
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The latest moves in crypto markets in context for April 20, 2022. Source
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Observers Cautious for Bitcoin as U.S. Inflation-Adjusted Bond Yield Hits 2-Year High Source
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Ether's options market has seen increased activity in higher strike call options in the wake of Hayes' bullish forecast. According to Patrick Chu, director of institutional sales and trading at over-the-counter tech platform Paradigm, about 7,000 contracts of the $10,000 ether December expiry call options changed hands over the weekend. Source
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With a 6.5% coupon, the billion-dollar bond will generate $65 million in annual interest expenses, but according to LaGeo’s financial statements, the company only booked $136 million in revenue last year and $36 million in profits. As a result, the added interest payments will make the company very unprofitable. Plus,
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El Salvador President Nayib Bukele took to Twitter on Wednesday evening, hitting out at a Reuters report claiming Binance CEO Changpeng Zhao (CZ) was flying in to save El Salvador’s Bitcoin Bond.“Please don’t spread Reuter’s FUD,” Bukele tweeted to his 3.6 million followers, rebuking the claim that CZ was flying
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