Dollar catches breath as traders await Powell testimony
The dollar paused for breath on Tuesday as traders looked to testimony from U.S. Federal Reserve chair Jerome Powell for guidance, after a surprise shift in the central bank’s policy outlook, while cyptocurrencies nursed heavy losses.
China urges banks, Alipay to crack down harder on cryptocurrencies
China’s central bank said on Monday it had recently summoned some banks and payment firms, including China Construction Bank (601939.SS) and Alipay, urging them to crack down harder on cryptocurrency trading.
Dollar loses some steam after Fed boost; bitcoin tumbles
The dollar dipped on Monday against major currencies, but broadly held most of the previous week’s gains after the Fed’s surprise hawkish tilt.
Dollar hits two-month highs on Fed’s hawkish surprise; kiwi climbs after GDP
The dollar rose to its highest level in almost two months versus major peers on Thursday after the Federal Reserve brought forward its projections for the first post-pandemic interest rate hikes into 2023, citing an improved health situation and dropping a long-standing reference that the crisis was weighing on the economy. read more
World Bank rejects El Salvador request for help on bitcoin implementation
SAN SALVADOR, June 16 (Reuters) – The World Bank said on Wednesday it could not assist El Salvador’s bitcoin implementation given environmental and transparency drawbacks.
U.S. regulator delays VanEck ETF bid, seeks views on potential for manipulation
WASHINGTON, June 16 (Reuters) – U.S. regulators on Wednesday again delayed a decision on whether to approve an application for what would be the country’s first bitcoin exchange traded fund (ETF), filing a request for public consultation over concerns about market manipulation.
Soccer clubs embrace cryptocurrency, but fans are divided
A growing number of major soccer clubs are launching digital coins that allow fans to vote on a variety of minor decisions as the sport faces slumping revenues caused by the coronavirus pandemic.
Shares in record-setting spree as Fed meeting looms
World stocks hit yet another record high on Tuesday, with European stocks poised for their longest winning streak since 2019 as investors bet likely “transitory” inflation pressures will stay the U.S. Federal Reserve’s hand from signalling a shift in policy settings.
Crypto sees 2nd week of outflows; ether posts record outflows -CoinShares
Cryptocurrency investment products and funds saw outflows for a second straight week, with ether posting record outflows as institutional investors took a step back, data from digital asset manager CoinShares showed on Monday.
Stocks scale another peak as markets await Fed signal
World stocks climbed another peak on Monday, while U.S. bond yields were near three-month lows as worries of rising inflation abated and investors anticipated the U.S. Federal Reserve sticking to its dovish course this week.
