India’s anti-money laundering agency, Enforcement Directorate (ED), raided the premises of CoinSwitch Kuber, one of the largest local cryptocurrency exchanges, after receiving reports of forex law violations.
The one-sentence summary of his speech is that LOWE sees further rate rises as still required, just at a slower than pace than we’ve had. In order to bring supply and demand back into balance, demand must grow more slowly than it has been. There is significant demand for higher inflation, not just from a…
btc-usd chart after CPI in this picture
July’s consumer price index report finally showed a sign of potential relief – inflation ticked up less than expected from a year ago, and was flat on the month, meaning that a basket of items and services generally stayed the same price. But some items have fallen, on a monthly and weekly basis, potentially signaling…
Bitcoin closed on Thursday at around $24,000, testing that area once again after failing to climb higher in the middle of last week. The first cryptocurrency has gained 3.8% over the past 24 hours, which is about the same amount it has gained in the past seven days. Ethereum, on the other hand, has added…
The US 10 year yield dipped today, reaching an intraday low of 2.584%. This move takes the yield closer to the next target, which is between 2.53% and 2.557% (this is the range between the swing high from March 28 and the swing low from April 7, before the recent run-up). This is the sixth…
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