Like the internet itself, decentralized networks aren’t always the most efficient tools for some tasks. However, the open, permissionless nature of these networks creates intense competition that often serves customers better than technical efficiency alone, says EY’s Paul Brody. Source link
The Federal Reserve’s federal funds rate influences most other interest rates. Source link
Investing.com – The U.S. dollar steadied Friday, set to end a volatile week with small gains as traders digested the implications of a new Trump presidency as well as benign Federal Reserve. At 04:30 ET (09:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded flat at 104.372. The index is on track for a gain of just 0.2% this week, even after
The Wall Street giant is expanding its services in a quest for more assets and stable fee revenue. Source link
Dubai, United Arab Emirates, November 8th, 2024, Chainwire Bybit, the world’s second-largest crypto exchange by trading volume, is pleased to announce that Shunyet Jan, its current Head of Derivatives, will take on an expanded role as Head of Institutional. This move underscores Bybit’s commitment to serving institutional clients and enhancing its innovative derivatives offerings. Expanding Responsibilities for a Dynamic Industry Shunyet Jan joined Bybit with a wealth of experience in
Macro investor and fund manager Dan Tapiero believes Ethereum (ETH) is severely undervalued in the current market. The CEO of investment firm 10T Holdings tells his 120,000 followers on the social media platform X that ETH could soar by 171% from its current value as decentralized finance (DeFi) crypto projects built on its blockchain could flourish under pro-crypto US President Donald Trump. Trump, who is expected to take office in
The latest report in the town is that SEC commissioner Hester Peirce, also popular as “Crypto Mom” will forego the chance to become the US SEC Chair in the Trump administration. Instead, she would be working on a crypto task force that would help the regulator navigate through the demand of the crypto industry. Hester Peirce to Lead the Crypto Task Force SEC Commissioner Hester Peirce will be completing her
The bond market will close for Veterans Day on Monday, Nov. 11. The stock market will be open. Both markets will close for Thanksgiving, Christmas and New Year’s Day. Bond traders have a long weekend ahead of them. Stock traders? Not so much. The bond market will close on Monday in observance of Veterans Day. Wall Street, however, will be open on Monday, with the stock market open for a
Getty Images Salman Rushdie’s outspoken views on Islam have made him a target of extremists Is it legal to import Sir Salman Rushdie’s The Satanic Verses in India? This question has been puzzling legal experts since the Delhi High Court suggested this week that the notification banning the novel’s import – issued in 1988 – might no longer be valid, as the government couldn’t locate it. The Satanic Verses, criticised
Parents have been “paying over the odds” for baby milk because of a lack of competition in the formula market, a government watchdog has said. It stopped short of recommending price controls, but said they remain a possibility, adding parents have been “shouldering the costs” of price increases in the market for years. The Competition and Markets Authority’s (CMA) interim report said the baby milk industry needed a shake-up to
