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“After the U.S. consumer price index came in a bit lower, the British pound appreciated in value,” Silvia said. “With the latest U.K. inflation, the pound may appreciate a bit more, especially if the Federal Reserve only raises the funds rate 50 basis points in September.” (A basis point is
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When it comes to bitcoin, the semantics of recession are of little importance. Source
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It's also true that, despite this year’s long drawdown, bitcoin and crypto in general are in a vastly different place than they were 18 months ago. Though two years of crypto hype produced the usual surfeit of scams and garbage, it has also dramatically advanced development, awareness and adoption, including
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●Bitcoin (BTC): $20,065 −3.2% ●Ether (ETH): $1,105 −4.9% ●S&P 500 daily close: 3,854.43 −1.2% ●Gold: $1,732 per troy ounce −0.5% ●Ten-year Treasury yield daily close: 2.99% −0.1 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CryptoX Bitcoin Price Index (XBX); Ether is the CryptoX Ether Price Index
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Wall Street’s slow embrace of crypto means we all have to start watching the Federal Reserve again. Cointelegraph parsed through the latest Federal Open Market Committee (FOMC) policy statement on Wednesday to try and uncover some nuggets of useful information. You can think of it as an exercise in financial
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The Labor Department said crypto presents “significant risks and challenges to participants’ retirement accounts, including significant risks of fraud, theft and loss.” It highlighted as reasons speculation and volatility, challenges to making informed investment choices, custodial and record-keeping concerns, the lack of reliability of cryptocurrency valuations and an evolving regulatory
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"We don’t take this decision lightly. Mastercard has operated in Russia for more than 25 years. We have nearly 200 colleagues there who make this company so critical to many stakeholders. As we take these steps, we will continue to focus on their safety and well-being, including continuing to provide
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Have you ever compiled a ranked list? Perhaps the best movies about finance, your favorite wineries in France, the coolest bars in your city, or simply the people you want to grab a coffee with while in New York City for only two days? If so, I think you will
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Despite the crypto market’s bloodshed, in the past few days, the Cardano (ADA) trading activity has been relentless, and its holders’ balance remains strong with a multi-year high. Into The Block data indicates that the wallet balance held by long-term Cardano holders hit a multi-year high on February 23. “Regardless of the
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Since hitting an all-time high at $4,870 on Nov. 10, Ether (ETH) price has been posting lower lows over the past 50 days. If this downtrend continues, the lower trendline support suggests that the altcoin will bottom at $3,600. Still, derivatives data is signaling that pro traders are not concerned
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