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The International Monetary Fund warned Tuesday that upside risks to inflation have increased, calling into question the prospect of multiple Federal Reserve interest rate cuts this year.  In its latest World Economic Outlook update, the IMF said “the momentum on global disinflation is slowing, signaling bumps along the path.” The rise in sequential inflation in
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Courtney Keating | Getty Images Mortgage rates dropped to the lowest level since March last week, sparking swift demand in refinancing. Homebuyers, however, seemed unimpressed. Applications to refinance a home loan jumped 15% last week, compared with the previous week, to the highest level since August 2022, according to the Mortgage Bankers Association’s seasonally adjusted
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Former President Donald Trump has reconfirmed his commitment to attend this year’s Bitcoin Conference in Nashville, Tennessee, following an assassination attempt in Butler, Pennsylvania over the weekend. This announcement has been met with heightened anticipation and security measures as the event approaches. Trump’s Commitment to the Bitcoin Conference Despite the recent attempt on his life,
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Oscar Wong | Moment | Getty Images Not every renter wanting to buy a home dreams of ditching their lease. Some wish to remain tenants even as they become landlords. The concept behind “rentvesting” is that an individual rents their primary residence in one city and then buys an investment property somewhere else that they
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In this article SNN SN.-GB Follow your favorite stocksCREATE FREE ACCOUNT A logo sign outside of a facility occupied by Smith & Nephew in Austin, Texas. SIPPL Sipa USA | AP Company: Smith & Nephew (SN.-GB) Business: Smith & Nephew is a British portfolio medical technology company that operates worldwide. The company develops, manufactures, markets
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Fireblocks, a leading crypto custody firm, has announced the addition of five new firms to its Global Custodian Partner Program. The newly joined firms are Zodia Custody, Komainu, CloudTech, Zerocap, and Rakkar. This expansion aims to provide enhanced local third-party crypto safekeeping options to institutions using Fireblocks technology across various jurisdictions, including the U.K., Australia,
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Prospective home buyers leave a property for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Roberto Schmidt | AFP | Getty Images It’s no secret that the housing market looks far different than it did a few years ago. While surging mortgage rates and housing prices have taken
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The U.S. Securities and Exchange Commission has concluded a three-year investigation into Hiro Systems, a blockchain software developer formerly known as Blockstack, without recommending enforcement action. This decision marks a significant victory for the crypto industry, which has long grappled with regulatory scrutiny. Background of the Investigation Hiro Systems raised $70 million through token sales
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Crypto trading platform Abra has announced the acquisition of several private cryptocurrency trusts from Valkyrie Investments. This move comes shortly before Abra settled with 25 U.S. state financial regulators for operating without the necessary licenses, marking a significant development in the crypto industry’s regulatory landscape. Details of the Acquisition Abra Capital Management LP, the asset
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Cryptocurrency has emerged as a critical battleground issue in the 2024 presidential election, with both President Joe Biden and former President Donald Trump vying for the support of the crypto community. Recent events highlight the growing importance of digital assets in political discourse and policy-making. Crypto Roundtable in Washington D.C. On Wednesday, Democratic Representative Ro
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The Third Plenum, set for July 15-18, is one of the most important political meetings of the Chinese Communist Party. Bloomberg | Bloomberg | Getty Images BEIJING — China’s real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a
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Multicoin Capital, a leading U.S. investment firm focused on cryptocurrency, has announced a pledge of up to $1 million to support Senate candidates with favorable views on the crypto industry. The firm plans to back four Republican candidates—Sam Brown in Nevada, David McCormick in Pennsylvania, Bernie Moreno in Ohio, and Tim Sheehy in Montana—through donations
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The United States, famously described by Walt Whitman as “large” and containing “multitudes,” is a land of diverse ideals and evolving mottos. Once unified under “e pluribus unum” (“from many, one”), the country’s guiding principle is now “In God We Trust.” Yet, the American Dream remains an enduring myth, promising success through hard work, talent,
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Kraken, the renowned cryptocurrency exchange, is exploring the use of nuclear energy as a power source for its data centers. This move comes amidst an anticipated surge in decentralized finance and growing demand for its services. Kraken Exploring Nuclear Power Solutions Kraken’s chief technical officer, Vishnu Patankar, revealed in an exclusive interview with CoinDesk that
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Japanese Institutional Crypto Investment Trends Japan’s largest investment bank, Nomura Holdings (TYO:8604), and its crypto subsidiary, Laser Digital, released findings from a recent survey on Monday. The survey targeted over 500 investment managers in Japan, revealing that 54% plan to allocate funds to crypto assets within the next three years. Motivations and Barriers for Japanese
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