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The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation on Digital Pound Currency The executive power in London is considering
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Crypto technology could “turbocharge all of those (financial) industries,” Economic Secretary to the Treasury Andrew Griffith said in a meeting. Source
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As the new year kicks off and 2023 trading begins, investors’ fingers are crossed on key economic metrics expected to be available in the coming week. Investors are worried about the 2023 outlook and looking forward to new economic data releases due this week, causing treasury yields to
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The 2-year and 10-year Treasury yields increased as investors continue to monitor cues to set the pace for 2023. US Treasury yields rose on Friday, December 30th, as investors look ahead to the potential developments and headwinds of 2023. The benchmark 10-year Treasury yield was up nearly 2
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The 10-year Treasury yield was up 1 basis point in anticipation of the Fed’s next move regarding inflation. The yield on the US 10-year Treasury note was marginally higher on Friday, December 23rd, as investors await critical inflation data. The markets are paying close attention to a key
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As the Treasury yields bounce, the top market indices also have their share of mixed performance, and the crypto industry continues to wallow in losses. After recording a sell-off earlier in the week, the US Treasury yields have declined as investors return to the bond market. An unexpected
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The Federal Reserve is a long way from issuing its CBDC, must get clear approval from Congress and the executive arm of government.The top executive of the United States Treasury Department Nellie Liang has said that the federal government is under no pressure to launch its central bank-issued digital currency
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“This is of course an important milestone and will enable us to make substantial progress on the provisions within the Bill, including repealing and replacing burdensome pages of retained EU (European Union) law governing the sector, measures to embrace crypto asset technology, and measures to protect the consumer," the Treasury
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The ripple effect of the bearish sentiment in the US stock market has also contributed to the encompassing slump in the digital currency ecosystem. Treasury yields in the United States went on a bounce on Monday as investors started assessing the positivity around the latest interest rate hike
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Developers proposed to divert 100% of fees generated on the platform to SushiSwap’s multisig for one year or until new tokenomics are implemented. Source
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