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...Bitcoin trading has leapt this year following the US launch of ETFs tracking the cryptocurrency....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Roger W Kirby Millbrook, NY, US...
...On Wednesday the dollar gained just over 1 per cent against a basket of currencies, including the yen, for its best one-day performance in more than a year....
...That is up by 161,700 this year alone, driven by the US ETFs. The total is equivalent to more than 5.13 per cent of bitcoin’s circulating supply....
...Average daily volumes are around $1.04bn during US stock market opening hours, compared with $1.11bn in the much longer period they are closed, CCData found....
...a strong dollar and expectations of a delay in US rate cuts....
...The pace of pay gains for those who remained in their jobs was unchanged at 5.1 per cent....
...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...
...In the real world, if you lend $1,000 you can expect to receive interest....
...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....
...Escalating tensions in the Middle East following Iran’s attacks on Israel and growing expectations that the Federal Reserve will delay rate cuts have boosted the US currency....
...But could a company trading at a revenue multiple of 1,400 suddenly trade at a multiple of, say, 3,000? Sure! Why not?...
...Its neighbours on Mahé island include KuCoin, whose founders are under investigation by US authorities over alleged anti-money-laundering failings....
...Ripple said its stablecoin, which will be launched later this year, would be based in the US, pegged 1:1 to the US dollar and fully backed by dollar deposits, short-term Treasuries, and other cash equivalents...
...It says that in the 2020 election cycle, the funds given by crypto lobbying groups to political action committees and candidates were a mere $1.5mn....
...The US is taking a closer look at exactly how much energy bitcoin mining in local areas in the US suck up, and trying to assess how it stacks up against directing to other uses, such as keeping people’s...
...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....
...China’s foreign exchange reserves fell by $1,000bn to $3,000bn....
...The Reserve Bank of Zimbabwe has just over one tonne in gold in its own vaults and 1.5 tonnes held offshore, along with a smattering of other foreign currency reserves....
...But 18 months ago the queen of influencers — estimated net worth $1.7bn — was suffering more painful headlines, after having agreed, without admission of wrongdoing, a settlement of $1.26mn with US regulators...
...The comments were an indication of their concern at the scale of the dollar’s gains against Asian currencies after US inflation data led markets to scale back expectations of Federal Reserve rate cuts this...
...The request is the latest salvo in a legal fight that began when the regulator sued Ripple in 2020, alleging it had sold $1.38bn worth of its XRP token without filing registrations required under US securities...
...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....
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