Tag: Money/Currency Markets
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Husband-wife ‘crypto-couple’ reach plea deal in $4.5 billion bitcoin heist
[ad_1] The husband and wife “crypto couple” charged in connection with a $4.5 billion bitcoin heist in 2016 have reached a plea agreement with prosecutors, according to a court filing on Friday. The couple, Ilya Lichtenstein and Heather Morgan, are slated to appear for a plea hearing in federal district court in Washington, D.C., on…
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Investors start to fret that China, Europe may drag U.S. economy down with them
[ad_1] It’s not just U.S. recession risks that investors care about anymore, but whether China and Europe could drag the world’s largest economy into a downturn. That was the case on Monday following disappointing second-quarter growth data from China which overshadowed comments from Treasury Secretary Janet Yellen, who said she sees no U.S. recession. European…
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Retirement savers: This is the most important investing decision you can make
[ad_1] Do an online search for the most important investment decisions, and you’ll get a lot of answers. When I did my own search, Google offered up 860 million results. I didn’t study them all, but the most common top-ranked item seemed to be asset allocation. ChatGPT came to the same conclusion. Asset allocation is…
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A ‘wild outcome’: How the Ripple decision scrambles the battle between SEC and crypto industry
[ad_1] A federal judge dealt a significant blow Thursday to Security and Exchange Commission Chair Gary Gensler’s quest to bring the crypto industry to heel, but securities-law experts warn that the legal and political implications of the decision are difficult to predict and may not prove to be a lasting victory for investors in digital…
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Coinbase’s spectacular stock surge after Ripple ruling sparks fierce debate
[ad_1] Coinbase Global Inc. shares roared more than 24% higher Thursday in the wake of a judge’s ruling on a case involving cryptocurrency tokens, fueling debate on Wall Street over what the decision means for Coinbase’s own regulatory headaches. See more: Ripple token not a security in retail sales, judge rules in partial win for…
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U.S. dollar falls to over one-year low as inflation slows again in June
[ad_1] The U.S. dollar fell Wednesday after the consumer-price index for June showed the rate of inflation slowing to the lowest level since 2021. The ICE U.S. Dollar Index DXY, -1.12%, a measure of the currency against a basket of six major rivals, fell to 100.58 on Wednesday, on pace for the lowest level since…
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Bitcoin finally decoupled from U.S. stocks. Here’s why it matters
[ad_1] For more than two years, bitcoin and stocks often traded in tandem with each other but maybe no longer. The correlation between bitcoin BTCUSD, -0.79% and the S&P 500 index SPX, +0.31% has fallen to close to zero, according to a Tuesday note by Dan Morehead, founder and managing partner at Pantera Capital. …
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Bitcoin to top $100,000 by end of 2024, says Standard Chartered strategist
[ad_1] Bitcoin’s price is likely to reach $50,000 by the end of this year and has upside above $100,000 by the end of 2024, according to Geoff Kendrick, head of crypto research at Standard Chartered Bank. In a previous note in April, Kendrick said he expected bitcoin BTCUSD, -0.12% to rise to $100,000 by the…
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Here are the top-performing ETFs in first half of 2023 as crypto-related funds soar
[ad_1] Hello! This week’s ETF Wrap looks at top performers in the first half of 2023, as well as flows, as stocks rally and crypto-related funds jump so far this year. Please send feedback and tips to [email protected] or [email protected]. You can also follow me on Twitter at @cidzelis and find me on LinkedIn. Isabel Wang is on…