Hints and tips:
Related Special Reports
...The dollar’s role as the world’s reserve currency would not always insulate the US from market pressures as debt interest payments increased, Swagel warned....
...Figures released on Wednesday by international payments platform Swift showed the renminbi’s share of global payments had climbed to 4.6 per cent in November, up from 3.6 per cent a month before....
...Having surged nearly 400 per cent in 2023, shares in Coinbase are about flat this year. The excitement was premature....
...Japan’s benchmark Topix climbed 0.6 per cent in early trading, while Hong Kong’s Hang Seng index shed 1.6 per cent....
...The crypto trading platform’s near 400 per cent surge in stock price trounced tech peers, exceeding even Nvidia’s 249 per cent gain....
...The inflows into 11 new bitcoin exchange traded funds that received US regulatory approval in January went into reverse this week....
...Paxful, the US-based P2P marketplace named in the Intercept article, allows crypto sellers to accept as currency up to 133 brands of gift card....
...The yen continued to strengthen against the dollar, rising 0.05 per cent to ¥147.00 as traders priced in forthcoming interest rate cuts from the US central bank....
...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....
...“Putting $50bn to $70bn or greater at risk, on a daily basis, in the world’s major currencies should be a significant concern,” warned Efama in a paper published on Thursday....
...“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...
...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....
...The pound climbed 0.6 per cent to a seven-month high of $1.2893 against the US currency on Friday, before paring gains to end the week at $1.2857....
...China’s currency weakened 0.6 per cent against the dollar to Rmb7.26, its lowest level since November, after a central bank official said there was room for more monetary easing....
...However, the monthly rate fell to 13.2 per cent on average in February from a 20.6 per cent rise in January — a sharper decline than most economists expected....
...Coinbase’s attempt to kick-start its institutional business came only three weeks after US regulators approved the first bitcoin exchange traded funds, a move that was expected to help reshape trading in...
...US and Europe is uncertain....
...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....
...K33 estimated that 843,000 of those bitcoins under management were in the control of US-based investment firms, if US futures-based ETFs were included in the calculations....
...In fact, the latter at 10.6 per cent is by far the biggest stock in the ETF — almost twice the size of number two. Which is? Actually, it is another fund: the iShares MSCI China A ETF....
...If you can’t trust them, you can’t trust anyone in the US financial system,” he added....
...There is also some limited trade denominated in local currencies to avoid Ukraine-related US trade and financial sanctions....
...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...
...China’s pet market grew to an estimated $13.6bn in sales last year, up from $6.9bn in 2018....
International Edition