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...It says that in the 2020 election cycle, the funds given by crypto lobbying groups to political action committees and candidates were a mere $1.5mn....
...The request is the latest salvo in a legal fight that began when the regulator sued Ripple in 2020, alleging it had sold $1.38bn worth of its XRP token without filing registrations required under US securities...
...The data comes in the wake of higher than expected consumer price inflation numbers for February, which showed that headline inflation increased to 3.2 per cent last month, up from 3.1 per cent in January...
...Japanese stocks were the only Asian equities to advance on Friday morning, as a higher than expected US inflation reading strengthened the dollar against Asian currencies....
...The consensus forecast was for the yen to appreciate from ¥141 against the US currency at the end of 2023 to ¥135 a year later, according to Bloomberg data....
...Kaplan added that by his calculations, investors in FTX had lost $1.7bn, lenders had lost $1bn and customers $8bn....
...“It’s a learning curve for us,” he admits. “We’re not digital currency experts.”...
...One way to see this is that other currencies have weakened against the dollar in a similar way as the yen. The US dollar index is up 3 per cent this year....
...When Sam Bankman-Fried is sentenced on Thursday, the US judge deciding his fate will weigh a range of factors, from the nature of his offences and history to how much his actions cost the investors and customers...
...Efama added that urgency was “further compounded” by the fact MSCI, the index compiler, would rebalance its closely followed MSCI World index only days after the US shift to T+1....
...The pound climbed 0.6 per cent to a seven-month high of $1.2893 against the US currency on Friday, before paring gains to end the week at $1.2857....
...The US created more than 2.7mn jobs over the course of the year, with hourly pay increasing 4.1 per cent — more than headline personal consumption expenditure inflation, which reached 2.6 per cent in the...
...Egypt secured a deal to more than double its IMF bailout to $8bn after the country allowed its currency to drop to a record low against the US dollar, unlocking support to avert its worst economic crisis...
...The yen continued to strengthen against the dollar, rising 0.05 per cent to ¥147.00 as traders priced in forthcoming interest rate cuts from the US central bank....
...TikTok has responded to critics by pointing to its $1.5bn investment in “Project Texas”, a corporate restructuring designed to wall off US user data from China....
...The naira hit 1,600 to the dollar on Wednesday, according to LSEG data. At the start of January it was less than 900....
...“We are very confident about the Chinese market . . . and see no interruptions in US trends,” Dumas said....
...The IMF last week raised its US growth projection for 2024 to 2.1 per cent, up from a previous forecast in October of 1.5 per cent....
...The measure could have implications for the US election....
...The currency, which fell one-fifth against the dollar last year, rose about 4 per cent on Thursday, reflecting relief among investors after President William Ruto’s government sold a $1.5bn dollar bond this...
...US government debt markets were similarly calm, with the yield on benchmark 10-year Treasuries dipping 0.02 percentage points to 4.00 per cent....
...Soundbite of the week: Headline-worthy scapegoat Crypto conglomerate Digital Currency Group this week filed to dismiss a lawsuit brought by the New York attorney-general....
...The 11 funds now hold 303,000 bitcoins, according to K33 Research, worth $18bn and equivalent to about 1.5 per cent of the total bitcoin supply....
...Paxful, the US-based P2P marketplace named in the Intercept article, allows crypto sellers to accept as currency up to 133 brands of gift card....
...A 1.5GW water battery proposed by SSE in the Scottish Highlands will cost about £1.5bn. The UK is now consulting on a mechanism to guarantee revenues if returns drop below an agreed floor....
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