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...The firm, which trades tens of thousands of products, including currencies, exchange traded funds and options, reported profits of $5.9bn in 2023 and $6.7bn in 2022....
...March job gains surpassed the upwardly revised 155,000 in February and the 148,00 jobs that economists polled by Reuters had predicted....
...Last June, when the US Securities and Exchange Commission unveiled lawsuits against crypto exchanges Binance and Coinbase, the market reaction was swift and brutal....
...The South Korean won and Australian dollar weakened against the US dollar, while the yen is trading at ¥155.60 a dollar, its weakest level in decades....
...Bitcoin rose as much as 12.6 per cent to hit $63,968 on Wednesday, before falling back to about $60,000. The rally has brought its gains to 42 per cent in the first two months of this year....
...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....
...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....
...The sum is enough to pay 118 cents on the dollar to the 98 per cent of creditors who hold $50,000 or less in claims. The remaining creditors will receive at least 100 cents on the dollar....
...The Indonesian central bank intervened in foreign exchange markets last week to support the rupiah after the currency crossed the 16,000 mark against the dollar....
...Sales increased to an annualised rate of 693,000 from a downwardly revised figure of 637,000 in February, according to the US Census Bureau....
...There are about 6,300 tokens issued weekly by bitcoin but the ETFs have bought around 50,000 coins in that period. QED....
...US spot bitcoin ETFs have hoovered up more than 500,000 bitcoin since their long-awaited launch in January, which means the issue of “dust” has been growing....
...Some 58 per cent of global reserves are held in the US currency. The economics of this lopsided situation are ambiguous....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Indonesia’s central bank unexpectedly raised its benchmark interest rate by 0.25 percentage points to 6.25 per cent on Wednesday, in a bid to support the sliding rupiah currency....
...Japanese stocks were the only Asian equities to advance on Friday morning, as a higher than expected US inflation reading strengthened the dollar against Asian currencies....
...Roger W Kirby Millbrook, NY, US...
...That missed economists’ forecast for 675,000 new home sales, but January’s figure had been revised higher to 664,00....
...Fed officials this week raised their forecasts for where core PCE would be by year-end to 2.6 per cent, from the previous forecast of 2.4 per cent....
...Desmond Lachman American Enterprise Institute, Washington, DC, US...
...UK investors have watched as bitcoin rose to register an all-time high above $70,000 this month, surging from roughly $42,000 in January....
...Within hours of touching the milestone, however, bitcoin had fallen more than 8 per cent to about $62,000....
...Susianto’s comments come as Asian economies brace for more currency volatility following the US Federal Reserve’s signal this month that it will hold interest rates higher for longer....
...The dollar’s latest move against the yen followed stronger-than-expected data for US inflation in March, which pushed out market expectations for the timing of US interest rate cuts and sent bond yields...
...“The US sanction regime is not perfect,” Jo Ritcey-Donohue, founder at JRD Law, a US law firm, told me. “When it comes to crypto, US authorities are playing whack a mole.”...
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