Financial watchdogs must “significantly” increase their budgets in the wake of recent banking crises, said the head of the umbrella body for central banks, arguing that more intensive day-to-day oversight was critical to preventing failures. Global policymakers are weighing rule changes to better insulate banks from risks such as changing interest rates and a swifter
The crypto sector appears to have dodged another bullet. At the time of publication, the United States has reached a political agreement to raise its debt ceiling, avoiding a calamitous default on its obligations, and this resolution probably won’t include any new taxes on cryptocurrencies. But that doesn’t mean the question of U.S. crypto taxation
In this article CHWY OKTA AI M Follow your favorite stocksCREATE FREE ACCOUNT People walk past Macy’s on January 26, 2023 in New York City. US gross domestic product increased at an annual rate of 2.9% in the fourth quarter of 2022. Leonardo Munoz | Corbis News | Getty Images Check out the companies making
In episode 22 of Hashing It Out with Cointelegraph’s Elisha Owusu Akyaw, Sara Gherghelas, blockchain research analyst at DappRadar — a cryptocurrency data tracking platform — discusses the recent hype around memecoins, while looking at on-chain data. Gherghelas also provides insights on how other sectors, such as nonfungible tokens (NFTs), are faring as memecoins take
Tether-issued USDT (USDT) stablecoin broke past a new all-time-high market cap of over $83 billion as it continues its stablecoin market dominance. The new ATH market cap for the USDT stablecoin comes in a year when other stablecoin issuers are struggling to remain afloat due to regulatory ire. The same was pointed out by cryptocurrency
U.S. District Judge Laura Taylor Swain set the topics to be discussed in the Puerto Rico Electric Power Authority bond claim estimation hearing in early June. Swain has said the size of the bondholders’ claim should guide how much money the plan of adjustment should give them. On Tuesday afternoon she said June 6 will
Labour has suspended veteran MP Geraint Davies pending an investigation into “incredibly serious allegations of completely unacceptable behaviour”. The decision on Thursday means the MP for Swansea West is, until further notice, barred from representing the UK opposition party in parliament. It followed claims, first reported by Politico, that he had subjected five women to
Bitcoin (BTC) returned to a key focal point on June 1 as the monthly close delivered disappointment. BTC price “fills” latest CME futures gap Data from Cointelegraph Markets Pro and TradingView confirmed a lackluster end to May for BTC/USD, which slid below $27,000. The pair erased its entire uptick seen over the weekend, coming full
UK house prices have fallen further as rising mortgage rates deterred home buyers and prompted owners to repay property loans at a near record rate. Figures from the Nationwide Building Society released on Thursday showed prices of the average property in May were 3.4 per cent lower than a year earlier, with the annual fall
While many beginners base their trades on the negativity brought about by devastating events happening within the crypto space, experienced traders base their decisions on different factors and are able to come out on top of others, even in a bear market. Speaking with Cointelegraph, Dan Tapiero, the founder of growth equity funds 10T Holdings
Eurozone inflation has fallen more than economists expected to hit its lowest level since Russia’s full-scale invasion of Ukraine more than a year ago, bolstering hopes that monetary policymakers could stop raising interest rates this summer. Annual consumer prices in the 20-country single currency bloc rose 6.1 per cent in the year to May, a
Ukraine is ready to join Nato but is waiting for the alliance to reach an agreement on its entry, President Volodymyr Zelenskyy said, stepping up pressure on western governments as a debate over providing security guarantees to Kyiv intensifies. Ukraine has long seen membership of the US-led military alliance as the foundation of its future
One of Europe’s largest telecommunications companies uses its infrastructure to explore new revenue streams and boost network security as a validator for blockchain protocols. Germany’s Deutsche Telekom is set to become a validator for Ethereum layer-2 scaling platform Polygon, becoming one of 100 validators providing staking and validation services for the network and Polygon’s Supernets
The drive for diversification is pushing more innovation in the market. Since the first two US exchange traded funds offering exposure to collateralised loan obligations launched in 2020, seven more have come to market, Morningstar data shows. In all, the ETFs have about $2.8bn in assets under management. CLOs performed strongly during the Federal Reserve’s
Stocks edged higher in Asia and futures markets tipped European shares to rally on Thursday after the US House of Representatives voted to raise the debt ceiling, sending the bill to the Senate where it is expected to be passed. Hong Kong’s benchmark Hang Seng stock index and Japan’s Topix both rose 0.8 per cent,
The life sciences sector is that rarest of things: an area where the UK government has generally agreed with itself. Reports have consistently espoused the importance of the sector and the UK’s strengths in terms of its leading universities, a strong research base, good skills and a centralised system in the NHS. The life sciences
France is stoking controversy again, with another one of its bans. But it’s not burkas this time, or Anglicisms, or even the use of meaty words to describe plant-based food. This time, it’s a holy tenet of modern life that the French have dared to wage war against: convenience. A new law came into force
Inside a “clean room” within ASML’s sprawling campus in the Dutch town of Veldhoven, dozens of men and women in hazmat suits are breathing air that is 10,000-times more purified than in an operating theatre. They are working on the first prototype of the chip toolmaker’s newest product: the latest generation of extreme ultraviolet photolithography
Kevin McCarthy was in celebration mode on Wednesday night after convincing lawmakers to pass his deal with President Joe Biden to avoid a US debt default. “We decided that you had to spend less, and we achieved that goal,” the Speaker of the House of Representatives told reporters in the US Capitol. “Is it everything
Satoshi Nakamoto may have effectively disappeared over 12 years ago, but two artificial Intelligence dabblers are seeking to revive the ability to chat with the famed Bitcoin (BTC) creator. On May 31, Bitcoin FilmFest co-organizer Pierre Corbin and the chatbot’s co-developer Hugo Ferrer — released “Talk2Satoshi” — an AI chatbot that aims to answer questions
Blackrock CEO Laurence Fink believes the recent “drama” around the United States debt ceiling has deteriorated global trust in the U.S. dollar, something that other analysts predict could provide some tailwinds for Bitcoin (BTC). Fink’s comments come as U.S. lawmakers passed a highly-anticipated bill to lift the $31.4 trillion debt ceiling on June 1. The U.S.