Asia FX firms with Powell in focus; yen rises as BOJ’s Ueda talks rate hikes
-- Most Asian currencies firmed on Friday as a rebound in the dollar cooled before an upcoming address by Federal Reserve Chair Jerome Powell, where he is expected to...
-- Most Asian currencies firmed on Friday as a rebound in the dollar cooled before an upcoming address by Federal Reserve Chair Jerome Powell, where he is expected to...
Bit Trade Pty is the operator of the Kraken crypto exchange, one of world's largest cryptocurrency exchanges, in Australia. In September 2023, the Australian Securities and Investments Commission (ASIC) initiated civil proceedings against Bit Trade alleging that Bit Trade, a subsidiary of U.S. Payward Incorporated, failed to make a target market determination for the product before offering it to customers, despite being notified of concerns.
After more than two and a half years of aggressive monetary tightening, U.S. Federal Reserve Chairman Jerome Powell is widely expected to indicate an impending shift towards easing monetary policy. What Happened: Powell's highly anticipated keynote address at the Kansas City Fed’s Jackson Hole Economic Symposium is scheduled for Friday at 10 a.m. ET, and this event has historically been used by Fed chairs, including Powell, to signal significant changes in central bank policy, Coindesk reported.
-- Japanese core consumer price index inflation grew as expected in July, but a drop in underlying inflation- to levels below the Bank of Japan’s target- raised doubts...
According to BlockBeats, on August 23, Freddie Mac announced that the average interest rate for a 30-year fixed-rate mortgage has decreased to 6.46%, down from 6.49% the previous week. This decline follows a significant drop from earlier this year when borrowing costs surpassed 7%, enhancing homebuyers' purchasing power and encouraging some potential buyers to re-enter the market. The National Association of Realtors (NAR) reported on Thursday that U.S. existing home sales rose in July for the first time in five months. Although there was a 1.3% month-over-month increase in July, it remains the slowest July growth rate since 2010, indicating that high home prices and a shortage of affordable housing continue to deter many Americans. Buyers and sellers may also be waiting for further declines in financing costs before making decisions.Freddie Mac's Chief Economist Sam Khater noted, 'Earlier this month, rates dropped significantly and are now hovering just below 6.5%. However, this is not enough to motivate potential homebuyers. We anticipate that rates may need to decrease by another percentage point to stimulate buyer demand.'
As the crypto industry fights for clarity on stablecoin oversight, Anchorage insists that its novel program operates outside the jurisdiction of the SEC.
The real estate ETF (REZ) hit a 52-week high lately. Can it soar higher?
Large-scale bitcoin mining raises concerns about centralization, but experts see opportunities in diversification and energy efficiency.
Traditional gaming studios face hurdles adapting to blockchain and NFTs, but new ventures are driving innovation.
After the collapse of crypto lending firms like BlockFi and Genesis, Arch is trying to revive the sector.