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Fed Chair Jerome Powell said that the FOMC is not thinking of rate cuts at all amid their continued fight against inflation. The FOMC members have hinted deceleration in economic growth during he fourth quarter this year. During their latest meeting, Federal Reserve (Fed) officials indicated a reluctance to reduce
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Wall Street financial expert Linda Jones recently offered a detailed forecast regarding the potential Initial Public Offering (IPO) of Ripple. Speaking at
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AVAX is up 8% in the last 24 hours, while bitcoin is trading below $36,500. Original Source
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As has been a familiar trend during the upswing over the past six weeks, a wave of sell orders was likely sitting close to a round number. When bitcoin approached $38,000, the sell orders took over, sending the price lower. That, in turn, triggered liquidations of leveraged long positions, sending
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Following the release of the CPI report, Fed-funds futures pricing data indicated that rates are likely to remain steady at the next Federal Reserve policy meeting. In a remarkable turn of events, the stock market rallied strongly on Tuesday, adding to their impressive November gains. The surge was fueled by
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X9 Wallet is a new player in crypto. The wallet offers a fresh perspective on digital asset management, availing a tool for managing digital financial assets. It plans to redefine decentralized finance (defi), standing alongside other alternatives like Trust, SafePal, and Uniswap. Wall Street Pepe (WPEPE) is behind X9 Wallet’s approach to
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Also, CME Group, owner of the Chicago Mercantile Exchange, is close to overtaking Binance as the largest crypto derivatives exchange in the world. (CME's product is a cash-settled futures contract, essentially a side bet on bitcoin's price; no BTC changes hands). In other words, a business with roots in the
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Dave Birnbaum is the product director at Coinbits, a Bitcoin investment platform, and a prolific inventor, with patents in fintech, VR, communications and more. David Waugh is a business development and communications specialist at Coinbits. He previously served as managing editor at the American Institute For Economic Research. Original Source
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The Wall Street Journal (WSJ) has partially corrected an article whic mischaracterized the extent to which Hamas and other militant groups have been funding its terrorism activities with cryptocurrencies.The Oct. 10 article — titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto” — cited blockchain forensics firm Elliptic to
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The recent work stoppage by the United Auto Workers (UAW) union impacted the company’s ability to meet its financial targets. On Thursday, October 26, Ford Motor Co (NYSE: F) reported its Q3 2023 earnings while missing Wall Street expectations. The company has been restructuring its operations and regrouping after the conclusion
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