India presses for crypto rules at G-20 but faces hurdles ... - cyptoranking.com

2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
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The unexpected receiver of this massive XRP chunk was a wallet of Binance exchange, according to the data shared by Bithomp. Despite the positive fundamentals and continued development in the ecosystem, the Polkadot native token continues to get crushed. India presses for crypto rules at G-20 but faces hurdles ...As most crypto investors fled to the relative safety of building infrastructure during recent bearish conditions, Seed Club founder Jess Sloss says “the world never looked better for building consumer experiences in crypto.” August data shows a decrease in core PCE inflation to 3.9% / Photo by Alexander Grey on UnsplashAccording to data released today by the U.S. Burea of Economic Analysis (BEA), the Federal Reserve's preferred metric for inflation, known as the core personal-consumption expenditures (PCE) price index, showed a decrease in August. The PCE report was released amid growing concerns about inflationary pressures that could prompt the Federal Reserve to adjust interest rates.The core PCE inflation index rose by 3.9% year-over-year in August, a decrease from the revised 4.3% in July, as forecasted by economists. Monthly, the core PCE deflator increased by 0.1%, falling short of the anticipated 0.2% and down from July’s 0.2% increase.PCE Inflation Metrics and Market ReactionThe year-over-year increase in the PCE stands below 4% for the first time since September 2021. This decline has been viewed as a positive development by investors who were already in buying mode this morning prior to the release of the inflation data. Dow Jones Industrial Average futures rose by 200 points, or 0.6%, a 30-point jump from levels before the inflation data was publicized.Core CPE IndexOn the other hand, the market has been jittery for over a week following the Federal Reserve's latest monetary policy announcement on September 20. Although the central bank decided to hold interest rates steady, it hinted at the possibility of rate hikes to control inflation, leading to a decline in stock prices and a surge in bond yields. The yield on the 10-year Treasury note rose to more than 4.6%, the highest level since 2007.Tom Essaye, the founder of Sevens Report Research, commented on the issue to Barron's. "Powell referred to recent inflation reports as 'good' at last week’s press conference but he said more were needed before the Fed can fully admit it’s pausing rate hikes," he said.The decline in core PCE could serve as another 'good' report that might ease some of the Federal Reserve-induced market anxiety.The Impact of Essential Needs on August's Inflation NumbersIn August, inflation rose by 0.4% as indicated by the PCE price index, based on the report.While a 0.4% uptick in consumer spending can be considered positive for the U.S. economy, the nature of the spending this time is worth noting. Americans allocated more funds to essential needs like gas, housing, utilities, and medical care rather than discretionary items such as dining out, high-end clothing, and vacations.Personal Income and Outlays / BEA September 2023 ReportHeadline PCE, which includes volatile components like food and energy prices, reported a 3.5% increase year-over-year—its highest level since May. Energy prices, in particular, surged by 6.1% from July, making it the largest contributor to the rise in PCE. The price of West Texas Intermediate crude oil, the benchmark for the U.S. market, reached its highest level in over a year, indicating that inflationary pressures may persist.While the dip in August's core PCE inflation may offer a momentary respite, it doesn't provide a definitive answer to the Federal Reserve's future course of action. With energy prices on the rise and lingering concerns about inflation, the central bank faces a complex set of variables as it considers potential interest rate adjustments.FTX Bankruptcy Claims Skyrocket as Company Recovers $7.3 Billion in Assets

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Proof of Play, an NFT gaming studio founded by the co-creators of FarmVille, completes a seed funding round with $33 million in investment. According to the market intelligence platform, Cardano recorded 611.47 notable GitHub commits in the past 30 days, leading all other crypto projects. Digital Coin Price: All Cryptocurrency Price ChartRead more: 15 Most Common Crypto Scams To Look Out For It is evident that after months of decline, the taker buy-sell ratio has recently spiked rapidly, surging above the 1 mark. This suggests the presence of aggressive buyers in the futures market. If this metric continues to trend upwards, it would likely lead to a new bullish stage in the market, with the price aiming for a significant resistance zone of $2K in the coming months.Are Ethereum Insiders Selling Integrity for Monetary Gains?

OpenSea Unveils OpenSea Studio to Help Creators Easily Launch NFT Projects Benefits of Margin Trading Crypto Trading UI Kit | FrontDEX 4.0.0-alpha.3Cryptocurrency provides traders with a wide variety of profit-earning methods both when the market spikes and falls. With different trading tricks, such as futures trading, leverage trading, long/short position, etc, the crypto realm opens more doors for traders. Dame Caroline Dinenage MP, the chair of the committee, criticized sports clubs for using crypto with fans, claiming that the majority ultimately fail:

The number of activities per user per week on the Socios app has doubled in the last three months, Chiliz chief corporate affairs officer James Newman told Blockworks. Non-Interactive Zero-Knowledge Proofs Best Crypto Exchange|Top 10 cryptocurrency exchangesUnconditional finality On the daily chart, traders should focus on the local support level at $203.4. If the daily bar closes at or below this level, there may be a drop leading to a test of the $200 zone tomorrow.

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