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...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....
...The New York-based company, which operates 718 stores, announced it would close 150 “underproductive” locations, starting with 50 by the end of this year....
...In the next 24 hours or so, those rewards fall from 6.25 bitcoins to 3.125 bitcoins, or from $408,000 to about $204,000 by current prices....
...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...
...There are about 6,300 tokens issued weekly by bitcoin but the ETFs have bought around 50,000 coins in that period. QED....
...South Korea’s currency declined 0.8 per cent to trade at Won1,330.50 per dollar, the yen slid 0.3 per cent to ¥146.15, while the Australian dollar fell 0.7 per cent to US$0.66....
...A reading below 50 indicates a contraction. The PMI for the services sector fell to 50.9 from 51.7 in March, indicating a slower pace of growth....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...more than 50 per cent at one point....
...Bitcoin prices are at fresh record highs in many currencies. In dollars the cryptocurrency is up more than 40 per cent over the past month. The $69,000 intra day high set in 2021 is within reach....
...The won rose 0.3 per cent against the dollar to Won1,347.77, making it the only major currency from the region to do so....
...The Chinese territory is exposed to “higher for longer” interest rates in the US because its currency is pegged to the dollar, meaning the city’s monetary policy moves in lockstep with the Federal Reserve...
...of 50.3....
...Shares in Donald Trump’s social media business Trump Media & Technology Group jumped more than 50 per cent following its New York market debut on Tuesday....
...The token has an average 30 per cent return in the 50 days before the event and a 3 per cent return in the 50 days afterwards. The date for the bitcoin halving is not yet finalised....
...The price of bitcoin traded above $50,000 on Monday for the first time since 2021, underscoring the sharp change in appetite for the token since mainstream bitcoin investment funds launched earlier this...
...Policymakers in Japan, China and South Korea have all talked up the stability of their currencies in recent days as they weaken under the intense pressure of the gap between the US’s high rates and the low...
...Miners will have to work twice as hard for the same money as the number of bitcoin rewards drops from 6.25 to 3.125 — or put another way, all else being equal, production costs will double to about $50,000...
...A reading above 50 indicates expansion....
...Nigeria blocked access to several of the world’s largest cryptocurrency trading platforms, to try to halt the slide in its currency, the naira....
...Where does that leave us? Asian stocks look a poor bet versus history, and it is 50:50 if the dollar can help. Together that’s crappy odds. I’d rather own bitcoin....
...On Thursday the currency reversed some of its losses from earlier in the week, after strong economic data from the US reduced expectations of imminent interest rate cuts from the Federal Reserve....
...MTN Nigeria’s tower leases are indexed to the dollar, leading to an estimated 45-50 per cent foreign currency exposure in operating expenses, the company added....
...The local regulator says there are around 50 unlicensed virtual-asset service providers in its jurisdiction. It’s an estimate that looks very conservative....
...This week’s increase in US consumer price inflation — which hit a higher than expected 3.5 per cent for March — has prompted traders to increase bets that the Fed might deliver as few as one rate cut this...
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