Finance
FinCEN Report Unveils Bitcoin's Role in Human Trafficking and Child Exploitation
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Gold Prices Plunge Below $2,000 as Stubborn Inflation Dashes Rate Cut Hopes
"Gold prices tumbled below the critical threshold of $2,000 per ounce, marking the lowest point in two months, as a U.S. inflation report that exceeded expectations dampened hopes for an imminent reduction in interest rates by the Federal Reserve. -
Dow Faces Sharp Decline Amid Hotter-Than-Expected Inflation Data
"The stock market experienced a significant downturn on Tuesday, with the Dow Jones Industrial Average plummeting over 500 points, marking one of its steepest declines since March 2023. This sell-off was spurred by unexpectedly high inflation data for January, which has cast doubts on the anticipated series of Federal Reserve rate cuts that many investors had been banking on to bolster the equity market.
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Oil Prices Remain Elevated as Ukrainian Attacks on Russian Refineries Intensify
Oil prices held steady on Monday, with Brent crude briefly surpassing $86 per barrel for the first time since November, as Ukraine stepped up its attacks on Russian energy infrastructure, fueling concerns over global supply. The escalating conflict has added a risk premium to crude prices, which remained in place as the week began with more attacks over the weekend. -
BOJ's Upcoming NIRP Shift Unlikely to Trigger Significant Repatriation of Japanese Funds
As the Bank of Japan (BOJ) prepares to debate ending its negative interest rate policy at its two-day meeting starting Monday, analysts suggest that the central bank's decision will have a limited impact on the roughly $3 trillion of yen Japanese investors have parked in global bond markets and yen trades. -
Bitcoin Sees Sharp Decline from Record High Amid Market Volatility
Bitcoin's meteoric rise experienced a significant setback, with the cryptocurrency's price plummeting to $68,000, marking a 6% decline overnight. This drop interrupted the digital currency's rally, which had previously seen its value surge to unprecedented levels, reaching an all-time high of $73,000 earlier in the week. -
Bitcoin Drops More Than 3% as Stubborn Inflation Data Renews Macro Concerns
Bitcoin sold off by 3% on Thursday, with the decline accelerating following the release of the U.S. Producer Price Index (PPI) data for February, which showed inflation proving stickier than most expected. -
Binance Addresses Nigerian Operations Amidst Executive Detainment Concerns
Binance, the cryptocurrency behemoth, has come forward with a detailed exposition of its operational footprint and regulatory compliance efforts in Nigeria. This move arrives amidst swirling reports regarding the detainment of two high-ranking officials within the organization by Nigerian authorities.
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Nigeria Demands Binance Disclose Top Users and Tax Liabilities, Executives Being Detained Amid Cryptocurrency Crackdown
Two executives from the world's largest cryptocurrency exchange, Binance, have been detained in Nigeria for the past two weeks as part of the country's broader crackdown on crypto platforms. -
JPMorgan's Jamie Dimon Softens Stance on Bitcoin Amid Market Surge
JPMorgan Chase CEO Jamie Dimon has moderated his previously critical view of Bitcoin, coinciding with the cryptocurrency's remarkable surge past the $70,000 mark. -
Oil Prices Dip Amid China's Trade Data and Rising Dollar, Market Eyes Inflation Reports
Oil prices experienced a decline on Monday, continuing the downward momentum seen last week, influenced by market anticipation of forthcoming inflation figures. The West Texas Intermediate (WTI) contract for April saw a reduction of 40 cents, settling at $77.61 a barrel, whereas the Brent contract for May witnessed a 35-cent decrease to $81.73 a barrel, as reported by CNBC. -
Gold Maintains Stability as Markets Anticipate US Inflation Data, Silver Poised for Spotlight
Gold prices remained consistent on Monday, following a record-breaking streak last week, with investors closely watching the upcoming U.S. inflation data for indications of the Federal Reserve's potential interest rate adjustments. -
Bitcoin Soars to Record High Above $71,000 as UK Allows Crypto-Backed Exchange-Traded Notes
Bitcoin prices surged to a new all-time high on Monday, crossing the $71,000 mark after the U.K.'s financial watchdog announced it would allow exchanges to list cryptocurrency-linked exchange-traded products for the first time.