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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....
...The price has surged since US regulators in January approved spot bitcoin exchange traded funds issued by Wall Street stalwarts including Fidelity and BlackRock, the world’s largest asset manager....
...That missed economists’ forecast for 675,000 new home sales, but January’s figure had been revised higher to 664,00....
...Asian currencies dropped against the dollar on Tuesday following stronger than forecast retail sales data in the US, which further reduced the likelihood of imminent interest rate cuts by the Federal Reserve...
...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....
...Research by the economists Olivier Jeanne and Jeongwon Son notes that in 2018-19 the US imposed new tariffs of 15 per cent on average on its imports from China, but the renminbi depreciated by 7 per cent...
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...There are about 6,300 tokens issued weekly by bitcoin but the ETFs have bought around 50,000 coins in that period. QED....
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...In the real world, if you lend $1,000 you can expect to receive interest....
...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....
...Second and third on the list are Venezuela (0.8 per cent of GDP) and Moldova (0.7 per cent). Tax haven use is common in both crypto and tradfi, of course....
...The rapid ascent has revived memories of the crypto bull market that pushed the token to its record peak of nearly $69,000 in November 2021, as investors pile in amid “fear of missing out” on further price...
...The Fidelity Wise Origin Bitcoin ETF has amassed about $7.6bn in assets, putting it in position to be the second-fastest to reach $10bn after its iShares peer....
...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....
...The PMI for the services sector fell to 50.9 from 51.7 in March, indicating a slower pace of growth....
...In April 2021, US sanctions body Ofac put 16 groups and 16 individuals on its list, accusing them of meddling in the 2020 US presidential election....
...Last year Marathon earned 7.7 per cent of its full-year net income from transaction fees, up from 1.3 per cent in 2022. It’s almost inevitable that ratio will rise substantially in the coming years....
...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....
...US-based Cleanspark held more than 5,000 bitcoins at the end of March, up 2,400 per cent on the same month a year ago....
...If you can’t trust them, you can’t trust anyone in the US financial system,” he added....
...The US currency strengthened by 1.7 per cent against a basket of six currencies since Monday, its best weekly performance since September 2022, as traders reversed bets on early interest rate cuts by the...
...US Treasuries, major currencies and leading stock index futures are already traded around the clock from Monday to Friday and several retail brokers, including Robinhood and Interactive Brokers, offer 24...
...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...
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