Federal Reserve Chair Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in remarks for a speech to business leaders in Dallas. “The strength we are currently seeing in the economy gives
Investing.com– Oil prices fell slightly in Asian trade on Friday after data showed a bigger-than-expected build in U.S. inventories, with prices set for a weekly loss amid growing concerns over weak demand. Prices were rattled by a cut in the OPEC’s demand outlook this week, while stimulus measures from top importer China largely underwhelmed. A strong dollar also weighed on oil prices. expiring in January fell 0.4% to $72.30 a
Investing.com – Japan stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Tokyo, the gained 0.35%. The best performers of the session on the were Japan Steel Works Ltd (TYO:), which rose 7.12% or 400.00 points to trade at 6,015.00 at the close. Meanwhile, Mizuho Financial Group Inc (TYO:) added 6.63% or 234.00 points to end at
An ancient Bitcoin (BTC) wallet suddenly sprung to life this week after 13 years of dormancy, according to the crypto tracker Lookonchain. Lookonchain notes the unknown address received 426.3 BTC on July 29th, 2011, when the price of BTC was only $13.49, meaning the wallet’s entire trove was worth $5,753. On Tuesday, that same wallet transferred out 42.3 Bitcoin worth nearly $3.7 million at a price of $87,242 per BTC,
A widely followed crypto analyst says that one Ethereum (ETH) layer-2 scaling solution appears to be a cusp of a rally that would see it print gains of over 200%. In a new strategy session, crypto trader Michaël van de Poppe tells his 736,000 followers on the social media platform X that Polygon (POL) rival Optimism (OP) could hit a new all-time high (ATH) by the start of next year
Ahead of Donald Trump’s team taking office, US SEC Chair Gary Gensler has reiterated his commitment to regulating the cryptocurrency market, stating that stricter oversight is necessary to protect investors. Speaking at the Practicing Law Institute’s Annual Institute on Securities Regulation in New York, Gensler highlighted the importance of clear “rules of the road” for the industry. Gensler has also pointed out that many of these assets are securities and
ICOs (Initial Coin Offerings) are a concept that emerged slightly over a decade ago in the cryptocurrency world after fundraising methods underwent a revolution. Maybe you are one of those wondering, ‘When was the first ICO held?’ In this article, we will walk you back to 2013, when the first ICO originated. We will also discuss how the fundraising environment has been influenced today by these ICOs, and the challenges
Asset manager Bitwise filed for a multi-crypto ETF comprising a basket of digital assets on Thursday, as the chorus grows for the resignation of SEC Chair Gary Gensler. The Bitwise 10 Crypto Index Fund (BITW) will comprise a basket of 10 digital assets, probably the largest by market cap. This will make crypto investing simpler for retail players looking to seek exposure across multiple digital assets. Bitwise Moves to Convert
Michael Saylor Is Planning A Bitcoin $100K Party At His House, Expects End Of War On Crypto Under Trump Michael Saylor, CEO of MicroStrategy Inc. (NASDAQ:MSTR), deemed the Donald Trump-led Republican triumph the “biggest” bullish catalyst for Bitcoin (CRYPTO: BTC) over the last four years. What Happened: In an interview with CNBC on Thursday, Saylor said that the “red wave” has been “incredibly auspicious” for Bitcoin and the broader cryptocurrency
As United States President-elect Donald Trump prepares to return to the White House, TikTok could be in line for a reprieve from the very leader who led the charge to ban the embattled video-sharing platform. Under a law signed by US President Joe Biden in April, ByteDance, the Chinese owner of the wildly popular app, was given nine months to divest its stake in the company or face a ban
