Bitcoin (BTC) remained stuck inside a narrow range into May 20 as cryptocurrency markets shook off United States macro triggers. Powell leaves market with “tons of uncertainty” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading just below $27,000. The pair had seen brief volatility after Jerome Powell, Chair of the Federal Reserve, gave
According to a report compiled by @dgtl_assets of Dune Analytics, the total network fees paid for the minting of Bitcoin Ordinals reached 1,414 Bitcoin (BTC), or $38.2 million, on May 20, representing an increase of 700% from April 20 and 831% from April 1, respectively. An analysis shows that despite continued interest in Bitcoin NFTs,
A crypto fund is an investment fund that primarily focuses on investing in cryptocurrencies or digital assets. It allows investors to gain exposure to the crypto market without having to purchase individual coins or tokens themselves. Instead, these funds pool money from multiple investors to purchase various cryptocurrencies, often including Bitcoin (BTC), Ether (ETH) and
The ongoing case of the Securities and Exchange Commission v Ripple Labs could have a significant impact on the future of cryptocurrency regulations. Ripple first popped up in 2012 with the promise of providing financial institutions and other entities with faster, more affordable clearance of cross-border fund transfers. To that end, Ripple created the XRP
Hedge funds have been upping their bets against Greece’s government debt as the nation heads to the polls this weekend, as they become concerned about the possibility of political paralysis after the election. The total value of Greece’s bonds borrowed by investors to wager on a fall in prices — known as shorting — hit
EY has extended the tenure of its UK boss Hywel Ball, allowing him to work beyond the firm’s mandatory retirement age of 60 and launch a cull of its executive leadership just weeks after the collapse of a plan to split its global business in two. Ball’s future had been cast into doubt after his
Cancer patients’ chances of survival are falling because of treatment delays in England as staff shortages force doctors to choose which patients they can treat promptly, a group of expert clinicians has warned. The Royal College of Radiologists, along with professional bodies representing cancer physicians, nurses and pharmacists, have written to Steve Barclay, UK health
The G7 has issued its strongest condemnation of China, as the world’s most advanced economies step up their response to what they say are rising military and economic security threats posed by Beijing. In broad criticism of China over everything from its militarisation of the South China Sea to its use of “economic coercion”, the
Is there no problem, these days, which can’t be fixed by the state? When the cry goes up “Why doesn’t someone do something about it?”, that someone is almost always government. Labour’s plan to give staff a “right to disconnect”, to stop bosses contacting them out of hours, feels like a classic of the genre.
Volodymyr Zelenskyy will take his pitch for support beyond his western allies with a scene-stealing appearance at the G7 summit on Sunday, confronting the leaders of India and Brazil after they chose not to back sanctions against Russia. The Ukrainian president’s first visit to Asia since the war began will bring him face to face
G7 leaders are set to unveil measures to respond to Chinese economic coercion, as the US, Japan and other members of the group intensify efforts to adopt a unified approach to Beijing. US national security adviser Jake Sullivan said the leaders of the G7 nations — US, UK, Japan, Canada, Germany, France and Italy —
Strike, a Chicago-based Bitcoin (BTC) payment provider, expanded its services to 65 countries in parallel to relocating its global headquarters to El Salvador. Before its expansion, the mobile app was operational only in the United States, El Salvador and Argentina. According to Jack Mallers, the CEO and founder of Zap, Strike’s parent company, the expansion
A bug in an older version of crypto lending protocol Aave is blocking users from interacting with Wrapped Ether (WETH), Tether (USDT), Wrapped Bitcoin (WBTC) or Wrapped Matic (WMATIC) pools on Aave V2 Polygon, preventing assets from being withdrawn from them, according to a May 19 proposal that attempts to fix the bug through a patch.
The demand for Ethereum self-custody solutions is growing, according to Jameson Lopp, co-founder and chief technology officer of Bitcoin wallet provider Casa. In a conversation with Cointelegraph at Bitcoin 2023, Lopp stated that Casa has found it necessary to provide Ethereum support due to the increased number of Ethereum users seeking the service. Incidents like
Economic and interest rate uncertainties greet the Pittsburgh Water and Sewer Authority’s planned sale of $257.9 million in water and sewer bonds as the authority mixes new money and refinancing in a deal with four distinct pieces. The deal is planned the week of June 4, according to an online “roadshow” presentation for investors. BofA
Prominent bond traders said appetite for restructured Puerto Rico bonds is high and the future will likely bring greater market acceptance. Puerto Rico’s local government, through its Fiscal Agency and Financial Advisory Authority, brought the five traders to talk about the bonds at its PRNow conference in New York City Friday. “There’s an enormous demand
A combination of more hash rate coming online from mining plants and a price protection approach is shielding Bitcoin mining firm Marathon Digital Holdings through the bear market, CEO Fred Thiel told Cointelegraph. In an exclusive interview during the 2023 Bitcoin Conference in Miami, Thiel disclosed the strategy behind Marathon’s figures in the first quarter of
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The Labour party has called for “clear answers” over Rishi Sunak’s involvement in devising childcare policy after the Treasury revealed officials met a company partly owned by the prime minister’s wife in the run-up to the March Budget. Helen Hayes, the opposition party’s shadow children and early years minister, said it would “raise eyebrows” that
Muni yields climbed even higher to end the week, while U.S. Treasuries were weaker and equities ended down. Muni yields, after outperforming USTs the prior week, “have adjusted higher in a hurry this week in sympathy with the UST selloff,” said Barclays strategists Mikhail Foux, Clare Pickering and Mayur Patel. Triple-A benchmark yields rose four
Michigan trimmed its revenue estimates Friday to account for tax changes that carry a multi-billion-dollar price tag. The new projections could require roughly $600 million in reduced spending over what Gov. Gretchen Whitmer proposed earlier this year in the fiscal 2024 budget that would take effect Oct. 1. It relies on available revenue from what