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...According to data provider CCData, Tether has blacklisted almost 1,300 crypto wallets, with numbers surging since November when the company gave access to its platform to US authorities including the FBI...
...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....
...There are about 6,300 tokens issued weekly by bitcoin but the ETFs have bought around 50,000 coins in that period. QED....
...US retail sales data was stronger than expected, making interest rate cuts from the Federal Reserve less likely and leading to the US dollar strengthening against Asian currencies....
...Expectations of fewer US rate cuts have also sparked a slump in emerging market currencies against the dollar, prompting interventions by Asian central banks, including Indonesia and South Korea....
...Sam Bankman-Fried should be sent to prison for up to 50 years for “orchestrating one of the largest financial frauds in history”, US prosecutors told a judge ahead of the FTX founder’s sentencing this month...
...The US dollar strengthened against the region’s currencies with the exception of the South Korean won....
...But the Jacobi ETF remains the only bitcoin product investing directly in the currency in Europe, and it is not available to retail investors....
...They closed the session 47.9 per cent higher at a record $113.89. Adjusted earnings per share were $0.29, and the company lifted its full-year guidance from a range of $1.00-$1.10 to $1.20-$1.24....
...Bitcoin, the market’s best-known token, has risen roughly 300 per cent since the time of FTX’s bankruptcy, jumping from about $17,000 to register an all-time high of $73,800 earlier this month....
...When Nvayo filed its most recent accounts on April 6, 2023, little distinguished the London-based payments company from the other 300 or so e-money firms then regulated in the UK — except, perhaps, rude...
...The biggest fight between banks and regulators in the US in years is over the final implementation of minimum international capital standards crafted by the Basel Committee on Banking Supervision in Switzerland...
...Forty-seven banks in the US out of more than 4,300 currently have more than $50bn in assets, of which 32 have more than $100bn....
...There is also some limited trade denominated in local currencies to avoid Ukraine-related US trade and financial sanctions....
...Last year, a group of economics professors estimated that the drop in the value of office buildings, in the wake of the pandemic, could cause as many as 300 banks to fail over the next few years....
...US regulators, nervous of the scandals that have plagued the crypto world in recent years, seem inclined to agree....
...“The BoI did a pretty good job defending levels beyond 4.00 per US dollar and the disclosure of central bank FX [currency] intervention firepower managed to suppress speculative short shekel flows,” said...
...Closer to home, currencies matter too. A 10 per cent slide in the trade-weighted dollar (known as the DXY index) adds roughly 3 per cent to US corporate earnings, note Bank of America strategists....
...Morgan Stanley, which owns E*Trade, added about 300,000 accounts during the September quarter....
...Since the low point in late 2022, its price is up around 300 per cent, more than all but one (solana) of the other top 10 cryptos....
...Gold remains far from its inflation-adjusted high of about $3,300 per troy ounce achieved in 1980....
...The IDF also said it had seized $11mn in US and Jordanian currency....
...It also manages the world’s pre-eminent reserve currency and is the provider-in-chief of “safe” assets to risk-averse global investors....
...Prices were trading at about €50 per megawatt hour on Monday, still far below a peak of more than €300/MWh hit in August 2022....
...Hong Kong’s Hang Seng index fell 1.9 per cent, as did China’s CSI 300....
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