Information
- Aug 19, 2024
Bitwise Acquires London-Based ETP Provider ETC Group to Enter Europe
The acquisition of ETC Group's $1 billion in assets under management takes Bitwise's AUM above $4.5 billion.
- Aug 19, 2024
Is this the beginning of the end for Bitcoin's dominance in crypto?
Bitcoin's share of the overall crypto market might be reaching a local top, according to one of crypto's leading investment firms
- Aug 19, 2024
Coin Center Wins Right to Sue U.S. Treasury, IRS Again Over Controversial Tax Reporting Rule
The crypto think tank argued that a 2021 amendment to 6050I, a law that requires certain transactions to be reported to the government, is unconstitutional.
- Aug 19, 2024
Fed to deliver three 25 quarter-point rate cuts this year; recession unlikely: Reuters poll
The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024, one more reduction than predicted last month, according to a slim majority of economists polled by Reuters who said a recession is unlikely. The change in Fed rate cut calls follows a weaker-than-expected July U.S. jobs report, which encouraged interest rate futures traders to price in as much as 120 basis points of reductions in 2024 earlier this month. Although some Fed officials have hinted rate cuts are coming, most economists in the Aug. 14-19 Reuters poll were not expecting a rapid series of rate cuts.
- Aug 19, 2024
What to know about Kamala Harris’s economic plan, from grocery prices to the child tax credit
The Democratic presidential candidate outlined her economic agenda in her first major policy speech.
- Aug 19, 2024
Nigeria Planning to Present Law to Tax Crypto by September: Report
Enacting the law would need the support of the National Assembly.
- Aug 19, 2024
What a Dubai Court Ordering a Company to Pay Its Employee in Crypto Means
The ruling may not necessarily mean crypto is legalized for salary payment in general, two Dubai-based lawyers told CoinDesk.
- Aug 19, 2024
Fed's Kashkari says appropriate to debate Sept rate cut, WSJ reports
"The balance of risks has shifted, so the debate about potentially cutting rates in September is an appropriate one to have," Kashkari told the Journal in an interview. Kashkari's comments come after St. Louis Fed President Alberto Musalem and Atlanta Fed President Raphael Bostic made remarks that gravitated toward an interest rate cut next month.
- Aug 19, 2024
Fed's pandemic-era vow to prioritize employment may soon be tested
Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness, mounting evidence inflation is under control, and a benchmark interest rate that is still the highest in a quarter of a century. High interest rates may be on the way out, with the U.S. central bank expected to deliver a first cut at its Sept. 17-18 meeting and Powell potentially providing more information about the approach to the policy easing in a speech on Friday at the Kansas City Fed's annual conference in Jackson Hole, Wyoming. But with the Fed's policy rate in the 5.25%-5.50% range for more than a year, the impact of relatively high borrowing costs on the economy may still be building and could take time to unwind even if the central bank starts cutting - a dynamic that could put hopes for a "soft landing" of controlled inflation alongside continued low unemployment at risk.
Popular Post
- Oil prices up on hopes of US rate cuts boosting fuel demand Aug 15, 2024
- Jump Trading Allegedly Moves $29M in ETH as Ether Tops $2.5K Aug 07, 2024
- Bitcoin prices may drop by up to 20% if Fed cuts interest rates: Bitfinex Sep 03, 2024
- Gold is outperforming tech stocks this year, and investors should keep buying, BofA says Aug 23, 2024
- Better Cloud Stock: Salesforce vs. MongoDB Sep 03, 2024
- Bitcoin Miner Marathon Digital's Stock Jumps After Buying $250 Million in BTC Aug 14, 2024
- Binance Challenges $86M Indian Tax Showcause Notice: Source Aug 06, 2024
- New crypto rideshare platform aims to flip the script on driver earnings Sep 02, 2024
- GM, Hyundai to explore jointly developing cars to 'unlock scale' Sep 12, 2024
- The stock market's dream scenario has been revived Aug 17, 2024