yalcinsonat1 By James Knightley | Padhraic Garvey, CFA | Chris Turner Fed keeps rates at 5.25-5.50% As universally expected, the Federal Reserve has left the Fed funds target rate range at 5.25-5.50%. The decision was unanimous and was made pretty easy, given inflation continues to run too hot for comfort, consumers are still spending strongly,…
In the whirlwind of April 2024, with Bitcoin ETFs dominating headlines and halving celebration planning in full swing, the Bitcoin Policy Summit emerged as a pivotal moment for policymakers, industry leaders, and human rights champions. Against the backdrop of global discussions on Bitcoin regulation—and coinciding with a solar eclipse—the summit aimed to be a beacon…
MCCAIG Stubbornly strong economic data has led to significant shifts in market expectations for when, and how quickly, the Federal Reserve will begin cutting policy rates. Our own forecast is now for the first rate reduction to come in September, but the complications of starting an easing cycle just before the U.S. Presidential election does…
The second annual Bitcoin Policy Summit by the Bitcoin Policy Institute begins today in Washington, DC and features leading bipartisan lawmakers, Bitcoin experts and human rights advocates. Congressional representatives include Cynthia Lummis (R-WY), Kirsten Gillibrand U.S. Senator (D-NY), Wiley Nickel (D-NC), Marsha Blackburn (R-TN), and Majority Whip of the U.S. House of Representatives Tom Emmer (R-MN). The…
Leading Bitcoin advocates, academics and a bipartisan coalition of United States policymakers are set to gather at the National Press Club Ballroom in Washington, DC for the second annual Bitcoin Policy Summit hosted by the Bitcoin Policy Institute (BPI). Bitcoin Magazine is partnering with BPI to host a live stream of the event on its…
Marhsa Blackburn (R-TN), the longest-serving United States Senator representing the state of Tennessee, will speak at the National Press Club in Washington D.C. for the second-annual Bitcoin Policy Summit hosted by the Bitcoin Policy Institute (BPI). According to a press release sent to Bitcoin Magazine, Blackburn will participate in a fireside chat focused on the…
Leading Bitcoin advocates and key politicians will convene at the National Press Club Ballroom in Washington D.C. for the second annual Bitcoin Policy summit hosted by the Bitcoin Policy Institute. The bipartisan policy event will address the increasing integration of Bitcoin and digital assets into the political landscape of the United States while identifying important…
Bitcoin script, it seems, has been sorely underestimated. Following the release of the Ordinals protocol and BitVM white paper in 2023, conceptions are shifting about what is possible on the Bitcoin base layer, and it’s clear Bitcoin is now absorbing demand from other blockchains in the wider cryptocurrency ecosystem. Of course, developers have harbored aspirations…
NanoStockk/iStock via Getty Images We are going to cover, in detail, what the differences are between monetary policy and fiscal policy – in practical terms – and what this means for investors in 2024 and beyond. Then to pay back that investment of mental time and energy, we will discuss the Net Liquidity model and…
Significant shifts are underway in the ecosystem of illicit actors using cryptocurrency. According to a 2023 report by TRM Labs, Bitcoin is no longer the asset of choice for criminals. The report states, “The multi-chain era has had a sweeping impact on the distribution of illicit crypto volume as a whole, where Bitcoin’s share plummeted…
Bet_Noire By Seema Shah, Chief Global Strategist Federal Reserve policy rates are set to fall in 2024. However, clear evidence that inflation has been tamed likely needs to emerge before cuts can commence, likely around mid-year. While a smooth landing is still far from certain, rate cuts accompanied by recession avoidance would present a constructive…
The creation of arbitrary tokens on top of the Bitcoin protocol is by no means new. In Bitcoin’s now 15-year history, there have been many attempts to create compatible protocols that leverage the data storage provided by Bitcoin nodes in an attempt to allow the creation of new cryptocurrencies and crypto assets. There have also…
The creation of arbitrary tokens on top of the Bitcoin protocol is by no means new. In Bitcoin’s now 15-year history, there have been many attempts to create compatible protocols that leverage the data storage provided by Bitcoin nodes in an attempt to allow the creation of new cryptocurrencies and crypto assets. There have also…
Tast Nawarat The Fed has conquered inflation. It’s time to start easing. The economy looks OK, no looming recession. Chart #1 Chart #1 is arguably the most important chart that the market and the Fed have almost completely ignored for decades. Sure, everyone talks about the money supply (the best measure of which is M2),…
MicroStockHub As expected, the US Fed did not hike yesterday and held its policy rate at a 22-year-high while signalling rate cuts to start in 2024. Asset markets are jubilant across the board. Relief rallies are typical at the end of central bank hiking cycles. Optimism makes sense for government bonds, which become more valuable…
The gains have come while traders await the conclusion of the final Fed meeting of 2023. Investors are looking forward to the newest policy decision by the Fed. Meanwhile, US stock futures climbed slightly higher on Tuesday, December 12. Dow Jones Industrial Average futures closed up by 42 points, or 0.11%. And the gains of…
Novogratz is not the only expert who expects Bitcoin price to skyrocket soon. One of the main reasons is that long-term holders are not selling off their positions According to Michael Novogratz, founder of digital asset management company Galaxy Digital, things may soon change for other stores of value like gold and Bitcoin (BTC) as…
Fed chair Jerome Powell and the rest of the committee are convinced of slower economic growth in the coming quarters amid softening labor market conditions. For the second consecutive meeting, the United States Federal Reserve Committee chose to hold its prior interest rate hikes at between 5.25 and 5.50 percent during Wednesday’s largely anticipated FOMC…
zhengzaishuru By Bob Iaccino At a glance The extension of oil production cuts by Saudi Arabia and Russia through December helped push Brent and WTI crude markets higher. U.S. crude oil production hit a record 13.2 million barrels per day in early October, passing levels not seen since pre-pandemic. Regardless of your view on an…
kentoh BlackRock Health Sciences Term Trust (NYSE:BMEZ) is a CEF that I originally covered a few months ago in an article titled I’m Buying BMEZ As It Trades At 14% Discount To Its NAV. Since then I must admit that not only did the fund perform poorly but also its NAV discount widened even further….
The Chamber of Digital Commerce, an advocacy organization for digital innovation and Bitcoin, has unveiled a new initiative known as the Digital Power Network. The Digital Power Network’s primary mission is to advocate for Bitcoin mining and drive forward productive energy policy, aiming to revolutionize energy markets by championing Bitcoin. The core belief behind this…
Google also expects that all advertisers comply with the local laws of whatever region they intend to target with their ads. Non-fungible token (NFT) gaming is about to receive a major boost after Google revealed plans to update its ads policy. In a blog post, the tech giant confirms that the update, which takes effect…
Much of the discussion about Bitcoin technology lately revolves around various soft-fork consensus changes to the Bitcoin protocol including new opcodes or sighashes or around layer 2 technologies like Lightning. Discussion of mempool or policy (the non-consensus rules around Bitcoin nodes communicating with one another) often falls to the background. However, with recent high transaction…
bernie_photo/iStock via Getty Images By Alexander William Salter Slowly but persistently, inflation is falling. The Bureau of Labor Statistics announced the Personal Consumption Expenditures Price Index (PCEPI) increased 0.2 percent in July. Over the past year, prices are up 3.3 percent overall and 4.2 percent excluding food and energy. The backwards-looking figures, however, don’t give…
While on the surface, this may seem like an attempt to provide value to users, it highlights the ongoing tension between personalized experiences and the ethical use of personal data. X, the social media networking giant, formerly known as Twitter, has revised its privacy policy to incorporate the collection and utilization of users’ biometric information….
IR_Stone/iStock via Getty Images Overview My recommendation for TechnipFMC (NYSE:FTI) is a buy rating as I continue to be positive on Subsea performance, especially after a strong 2Q23 quarter. In addition, management’s new capital allocation policy is also a good indicator of confidence in upcoming cash flows, which I think will support the stock’s valuation….
baphotte The Bank of Japan (BoJ) is taking the macro world for a spin. It’s shaking up its yield curve control (YCC) policy, expanding its trading band for 10-year GDP yields from a range of 50 basis points to a much broader range of 100 basis points. This is a remarkable move that introduces higher…
Totojang/iStock via Getty Images By Coco Zhang, Ewa Manthey, Rico Luman China dominates downstream EV battery supply chains China has massively pushed electric vehicle (EV) sales in recent years which has helped to further develop the battery supply chain. China’s dominant role in battery metals supply chains, as well as export restrictions in other countries,…