On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against cryptocurrencies.” Kennedy, who recently filed to run for president of the United States in the 2024 election as a
A top official at the IMF has warned of “acute” risks to the global financial system and said weaker banks face further pressure if central banks continue ratcheting up rates to squash inflation. In an interview with the Financial Times, Tobias Adrian, director of the fund’s monetary and capital markets department, struck a downbeat tone
The IMF has warned of a “hard landing” for the global economy if persistently troublesome inflation keeps interest rates higher for longer and amplifies financial risks. Although the fund left its overall economic forecasts largely unchanged from January in its latest World Economic Outlook, published on Tuesday, it stressed that signs of resilience alongside lower
Chancellor Jeremy Hunt’s efforts to revitalise the UK economy have not been sufficient to raise it from the foot of the global league table this year, according to forecasts published by the IMF on Tuesday. In its twice-yearly World Economic Outlook, the fund predicted that the UK economy would shrink by 0.3 per cent in
Ethereum’s Shanghai/Capella upgrade — also known by the portmanteau Shapella — may not be the technical marvel of last year’s “Merge” or introduce turbocharged speeds to the network. Volumes of over 100,000 transactions per second will have to wait for future “danksharding” upgrades, according to the Ethereum Foundation. But the hard fork remains an important
Despite volatility, bank failures and heightened macroeconomic uncertainty in the first quarter, the municipal market offers pockets of opportunity in the second as a result of higher yields and overall fundamental strength of the asset class. “If you look at yields in the 30-year part of the curve, we are seeing the biggest opportunity in
Transcription: Chip Barnett (00:03):Hi, this is Chip Barnett and welcome to another Bond Buyer podcast and we’re coming to you live from the BNP Paribas 2023 Open Tennis Tournament in Indian Wells, California. My guest today is Jean-Yves Fillion. He’s the CEO of BNP Paribas Americas. And we’re going to be talking about BNP Paribas
ZK-rollups are the hottest thing in Ethereum right now, having seemingly appeared out of nowhere in late 2018 to fundamentally reshape the “Eth2” plan to scale via sharding alone. Zero-knowledge, or validity proof rollups, essentially perform the computations for many thousands of transactions away from Ethereum and then write a tiny cryptographic proof back to
Bitcoin moved above $30,000 on April 11, as bullish sentiment returned to cryptocurrency markets. Markets surged after data in China showed that consumer prices had hit an 18-month low. Ethereum was also higher on the news, moving closer to $2,000. Bitcoin Bitcoin (BTC) raced above $30,000 for the first time in ten months, as markets
Three Aprils ago, Sir Keir Starmer took over a UK Labour party in the electoral and moral pits. He lost his first 18 months to a pandemic that made the role of opposing the Conservative government seem almost unpatriotic. He has the “help” of a shadow cabinet that, as a gathering of talent in one
XRP (XRP) rose 2.1% to $0.52 on April 11, extending its daily gains from $0.50 alongside a broader cryptocurrency market rally, with traders pinning hopes on easing inflation data into April 12. XRP price: lackluster volumes raise risk of 25% correction XRP’s upside move brought it closer to breaking out of its prevailing bull pennant range,
Business intelligence and Fortune 500 company Microstrategy’s Bitcoin (BTC) investment has turned green again as BTC broke past the critical resistance of around $29,000 to record a new 10-month high of $31,163. Microstrategy started investing in Bitcoin in the second quarter of 2020 when the BTC price was trading around $10,000. Since then, the business
In this article WHR NEM KMX UPST ARRY MRNA LC BMBL Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Getty Images Check out the companies making headlines before the bell Tuesday. CarMax — Shares of the vehicle retailer soared 7% on the back of better-than-expected quarterly earnings. CarMax earned 44 cents per share, beating a
CBI director-general Tony Danker has been sacked with immediate effect following an investigation into allegations of sexual harassment at the employers’ organisation. He will be replaced by Rain Newton-Smith, the UK lobby group’s former chief economist, who will return as director-general after a brief spell as a managing director for policy at Barclays. The dismissal
press release PRESS RELEASE. The Seasonal Tokens economy has gone through its second change of season. Like bitcoin, the four tokens – Spring, Summer, Autumn and Winter – go through regular halvings of the supply from mining. Every nine months, the rate of production of one of the tokens is cut in half. On the
A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company
European stocks advanced at the opening on Tuesday, as investors took heart from a late rally on Wall Street and looked towards the possibility of more interest rate increases from the European Central Bank and US Federal Reserve. The region-wide Stoxx 600 rose 0.5 per cent, while Germany’s Dax and France’s Cac 40 were up
Tether, the issuer behind the leading stablecoin Tether (USDT), has blacklisted an address that drained Maximal Extractable Value (MEV) bots for $25 million last week. The address in question exploited a bug in the MEV-boost relay to outsmart the MEV bots trying to execute a sandwich trade. Sandwiching occurs when one order is placed immediately
Bank walks are a new liquidity movement phenomenon identified by analysts, characterized by a slow drift of deposits to take advantage of better yield opportunities. Such “walks” might prove to be pernicious to the banking system, as they cannot be stopped and have effects on credit availability. What Are ‘Bank Walks’? Bank walks, so called
What are Americans prioritizing when it comes to their well-being? According to John Burns Research & Consulting’s January 2023 Healthy Homes survey, the three most important non-financial health and wellness factors for households earning $50,000 or more are mental wellbeing (60%), healthy diet (48%) and physical fitness (47%). “Expect health to impact home selection more
Beijing-based cryptocurrency mining firm Bitmain has reportedly violated tax regulations in China, with local authorities imposing major fines. Bitmain Technologies has been slapped with a tax penalty from the Beijing Municipal Office of the State Administration of Taxation, the local news agency Sina Finance reported on April 11. The authority fined Bitmain about 25 million