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The Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors on Tuesday, moving President Donald Trump’s pick one step closer to becoming the next Fed chair. Lawmakers approved Wash on a 51-45 vote. Sen. John Fetterman (D-Pa.) was the only Democrat to support the nomination. Warsh must still win a separate vote in…
The Ethereum Foundation and a group of major crypto wallet developers are rolling out a new security standard aimed at preventing users from accidentally signing over their funds, an issue that has fueled some of the industry’s biggest hacks and scams. The initiative, called Clear Signatures, aims to replace the confusing wall of code that…
The Ethereum Foundation and a group of major crypto wallet developers are rolling out a new security standard aimed at preventing users from accidentally signing over their funds, an issue that has fueled some of the industry’s biggest hacks and scams. The initiative, called Clear Signatures, aims to replace the confusing wall of code that…
U.S. producer prices for April were much higher than expected on Wednesday, complicating the Federal Reserve’s path to easing monetary policy later this year. The producer price index rose 1.4% month-on-month in April, almost three times the 0.5% increase expected by economists. Annual producer inflation accelerated to 6%, and core PPI excluding food and energy…
JPMorgan Chase (JPM) is preparing to launch a tokenized money market fund, the latest sign that major financial institutions and Wall Street asset managers are stepping up efforts to move traditional assets onto the blockchain track. A filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday outlined plans for a blockchain-based money market…
JPMorgan Chase (JPM) is preparing to launch a tokenized money market fund, the latest sign that major financial institutions and Wall Street asset managers are stepping up efforts to move traditional assets onto the blockchain track. A filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday outlined plans for a blockchain-based money market…
Predict 2026 said the company moved from Las Vegas to New York due to “regulatory pressure” from the Nevada Gaming Control Board. A spokesman for the regulator said otherwise. “The Nevada Gaming Control Board has not directed, required, or otherwise pressured any licensee or venue to cancel or refuse to host any recent or upcoming…
Bitcoin Bitcoin$80,492.82 The inflationary scare was almost eradicated as soon as print hit the scene. The largest cryptocurrency fell to $79,879 during the U.S. session on Tuesday after the consumer price index rose 3.8% year-on-year in April, higher than economists expected, driven largely by gasoline prices since the start of the Iran war. Bitcoin prices…
XRP is back at the top of South Korean trading screens. CoinGecko data shows that the coin’s South Korean won currency pair was Upbit’s most traded market in the past 24 hours, with a trading volume of approximately $110.9 million, ahead of Bitcoin’s $88.6 million and Ethereum’s $67 million. On Bithumb, XRP/KRW has a trading…
While digital asset activity weakened in the first quarter and into April, EToro (ETOR) has increased its commitment to cryptocurrencies. In its first-quarter earnings report on Tuesday, the company said crypto asset revenue fell 38% from a year earlier to $2.15 billion. Net trading revenue from cryptocurrency derivatives fell 57% to $33.4 million, while overall…