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...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Most of the nearly $500bn increase in assets under management in the first quarter was due to rising equity markets. In the US, the S&P 500 had its best first quarter since 2019....
...The shift in sentiment helped push the spread — or gap — between benchmark 10-year US and German government borrowing costs to 2.17 percentage points, its highest level since 2019....
...That optimism has been fuelled by bitcoin’s 121 per cent rise in the past six months as US regulators approved stock market funds that invest directly in bitcoin....
...Yet Buidl has already drawn in $288mn from just 10 holders, according to data from Etherscan. Again, BlackRock’s heft is regarded as crucial to its success....
...Wage growth for job changers accelerated from 7.6 per cent in February to 10 per cent in March, which could cause trouble for policymakers trying to tame inflation....
...There are other ways in which that period chimes with today. In 1971 when Richard Nixon, then president, took the US off the gold standard, he also imposed a 10 per cent tariff on imports....
...“We don’t know where this sector will be in five or 10 years.”...
...Could a company trading at 10 times its revenues suddenly start trading at 20 times its revenues? Unlikely....
...Meanwhile, the US Securities and Exchange Commission has just won ground in a suit against Coinbase....
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...from the US Securities and Exchange Commission....
...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....
...As analysts from Deutsche Bank noted, the new spot bitcoin ETFs have attracted nearly $8bn in funds since US regulators approved them on January 10....
...Claims worth more than $1mn traded at 10 cents on the dollar in November 2022 but now trade at about 90 cents on the dollar....
...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....
...Then it drops away fast in terms of size. However, I am pleased to see the presence of two Indian companies — Reliance and Infosys — in the top 10....
...The local energy commission estimated that Plattsburgh’s crypto miners contributed to an increase of nearly $10 to consumers’ monthly electricity bills in January 2018 alone....
...The price has surged since US regulators in January approved spot bitcoin exchange traded funds issued by Wall Street stalwarts including Fidelity and BlackRock, the world’s largest asset manager....
...Crypto trading platform Coinbase blamed traffic that was 10 times normal for disruptions to some users, including displays of a zero balance in their accounts....
...The surge in demand, which followed the launch of the first “physical” spot bitcoin ETFs in the US, has coincided with sharp selling of gold ETFs, which bled $7.7bn over the same period, even as the gold...
...The company added that it was unfair to judge a 30,000-client business based on the files of just 10....
...The smallest of the Big Four, KPMG brought in revenues of $36.4bn in the 12 months to the end of September, representing local currency growth of 8 per cent....
...But surely he didn’t pick this up over at GMO: On Jan 10, 2024, crypto achieved a milestone in its journey to becoming a mainstream asset class....
...From the ECB blog today: On 10 January, the US Securities and Exchange Commission (SEC) approved spot exchange-traded funds (ETFs) for Bitcoin....
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