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...In 2023, cardholders paid $157bn in card fees and interest, which was the most on record and a 50 per cent jump from what they paid three years earlier....
...Bitcoin surged to a record high of $73,800 in mid-March but has dropped more than 14 per cent this month, to less than $60,000 on Wednesday....
...But within the space of six weeks it broke through $50,000 and registered its current all-time high price of $73,800 on March 14, representing a 70 per cent gain since the bitcoin ETFs started trading....
...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...
...cent. 2020-21: up 800 per cent then down 71 per cent....
...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....
...Mining companies are bracing for a 50 per cent drop to the financial rewards they earn in exchange for securing and validating transactions on the bitcoin network....
...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....
...Bitcoin has surged to record highs this year after US regulators approved spot bitcoin ETFs in January following a decade of rejections....
...There are about 6,300 tokens issued weekly by bitcoin but the ETFs have bought around 50,000 coins in that period. QED....
...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...
...The former is a near-term likelihood in China, however, and not implausible in the US as the Federal Reserve winds down quantitative tightening....
...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....
...The US president pointed to statistics including the unemployment rate hovering at a 50-year low, robust GDP growth and the creation of 800,000 new manufacturing jobs since his administration took office...
...more than 50 per cent at one point....
...Nigeria blocked access to several of the world’s largest cryptocurrency trading platforms, to try to halt the slide in its currency, the naira....
...The local regulator says there are around 50 unlicensed virtual-asset service providers in its jurisdiction. It’s an estimate that looks very conservative....
...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 controls, which fix the peso’s value — about 830 pesos to the US dollar — cause huge distortions in Argentina’s economy and are a barrier to investment....
...Dogecoin, Elon Musk’s meme coin of choice, has doubled in the past month while current meme favourite dogwifhat has surged 800 per cent in that period, albeit from a very, very low base....
...This led us to a rather strange juxtaposition this month, when in just one week, three notable things happened....
...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...
...Prosecutors are seeking a 40- to 50-year sentence....
...US history....
...If you can’t trust them, you can’t trust anyone in the US financial system,” he added....
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