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...Miners are holding 46,200 coins in reserve, the highest recorded number since May 2022, when a marketwide crash forced miners to sell their holdings, The Miner Mag found....
...In January last year, the network experienced roughly 250,000 transactions per day. Fast forward to the latest figures and the network is frequently processing more than 500,000 transactions....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...The yield on the 10-year note touched 4.46 per cent, before easing to 4.42 per cent for a 0.04 percentage point increase. US stocks switched between minor gains and losses....
...The Japanese currency weakened 0.3 per cent to ¥155.32, continuing a slide against the dollar as the US economy proves robust despite heightened borrowing costs....
...At the end of last year, futures markets had priced in six interest rate cuts for the US in 2024....
...savings accounts have moved from .06 per cent in 2022 to a lordly .46 per cent today)....
...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....
...Wall Street’s benchmark S&P 500 rose 0.1 per cent in early trading in New York, while the tech-heavy Nasdaq Composite was flat....
...US stocks closed lower for the third session in a row on Tuesday after Federal Reserve chair Jay Powell warned interest rates are likely to stay at current levels for “longer than expected” to tame inflation...
...Wall Street’s benchmark S&P 500 was down less than 0.1 per cent in early trading in New York, while the tech-heavy Nasdaq Composite dropped 0.2 per cent....
...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 country’s Kospi index shed 1.3 per cent in early trading, while the won was the only major Asian currency to rise against the dollar, edging up 0.1 per cent to Won1,350.15....
...Much like the US tech giants hauling the S&P 500 higher, bitcoin is also dragging other prices along with it....
...The US group has drawn in $1.7bn to date....
...The US group said on Thursday it would waive fees for 60 days for customers wanting to trade cryptocurrencies on its professional market, if they have traded more than $500,000 a month on a rival exchange...
...Wall Street’s benchmark S&P 500 was down 0.3 per cent shortly after the opening bell in New York, pulled lower by declines for megacap technology stocks....
...Biden is leading in the Pennsylvania polls by just a tenth of a point at 46.3 per cent to Trump’s 46.2 per cent, according to a RealClearPolitics average....
...“We do not want, and will never accept, a situation where bitcoins are confiscated by the UK and not returned to us.” UK authorities have not made clear how they will deal with the seized bitcoin....
...The EU’s Markets in Crypto Assets will start taking effect towards the latter half of the year; in the US half the CFTC’s actions last fiscal year were taken against digital assets....
...MTN Nigeria announced last September it would switch to American Tower Corporation from IHS Towers for leases of 2,500 towers across the country on contracts set to lapse this year and in 2025....
...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....
...BlackRock’s bitcoin exchange-traded funded has reached $10bn faster than any US ETF in history, fuelled by a rally that continues to send the world’s largest cryptocurrency to record heights....
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