Dollar remains elevated; weakening risk appetite, Fed cut hopes support
- The U.S. dollar edged lower in early European trade Monday, but remained elevated amid uncertainty over Federal Reserve rate cuts and with heightened Middle East...
- The U.S. dollar edged lower in early European trade Monday, but remained elevated amid uncertainty over Federal Reserve rate cuts and with heightened Middle East...
For the first time in more than a decade, U.S. Treasury securities offer meaningful yields.
According to Bloomberg, Hong Kong has granted preliminary approvals for asset managers to launch spot-Bitcoin and Ether exchange-traded funds. This decision has positively impacted both digital assets and the broader cryptocurrency market. The Hong Kong unit is competing with Singapore and Dubai to become a hub for digital-asset firms. This comes after the implementation of a regulatory framework for virtual-asset service providers last year. The cryptocurrency market experienced a surge following the authorities' approval of spot funds. Bitcoin saw an increase of up to 4.3%, reaching approximately $66,629. Concurrently, Ether experienced a 6.1% increase, hitting $3,257. This development underscores Hong Kong's commitment to fostering a conducive environment for digital-asset firms and the growth of the cryptocurrency market.
XLF is up 7.5% this year despite a 5% decline in America’s biggest bank on Friday.
-- Most Asian currencies weakened on Monday with the Japanese yen testing new 34-year lows, while increased safe haven demand, in the wake of an Iranian strike on...
Former FTX CEO Sam Bankman-Fried received a 25-year sentence after his conviction on seven felony counts, and many are speculating on what that could mean for Changpeng Zhao.
Did you know it's possible for expats to mostly get out of paying U.S. taxes? We spoke with four tax professionals to get this and other tax-day tips.
The bipartisan letter writers also want to know when the agency found out about the wrongdoing at the crypto exchange.
The BIS introduced the unified ledger concept last year and has been singing its praises as a framework for better financial transactions.
Foundation senior fellow Danny O’Brien stated that the team has hired a lawyer and is attempting to determine whether police are holding the missing funds.