News list for " decade"
On January 15, China International Gold Research reported that in a neutral scenario, due to the huge amount of gold reserves that Asian central banks need to replenish, and the more complicated global situation after Trump takes office, the credibility of the US dollar system will decline. We expect the central bank's gold purchase rate to remain at least as it is, that is, at around 1,000 tons/year. For US debt, we use the forecast of the US Federal Budget Committee (CRFB) benchmark scenario, ...
The dollar headed for its best annual performance in nearly a decade as a stronger US economy damped expectations of a Federal Reserve rate-cutting cycle and President-elect Donald Trump's threat of tough tariffs supported bullish bets on the greenback. The Bloomberg dollar index is up more than 7 per cent so far this year, its best performance since 2015. All developed world currencies weakened against the dollar as other central banks had to step in to support their economies.
Bernstein expects bitcoin to replace gold within the next decade, and earlier Powell also called bitcoin a competitor to gold.
Brokerage firm Bernstein has predicted that within the next decade, bitcoin will replace gold as the main "store of value" and become an integral part of institutional and corporate finance. The prediction was made in a report by analyst Gautam Chhugani after the price of bitcoin climbed to $100,000 and achieved a 141% annual gain. This...
U.K. Finance Minister Rachel Reeves on Wednesday announced her party's first U.K. budget in more than a decade. According to Suzanne Morsfield, policy advisor at trade association CryptoUK, she said the prospect of Reeves raising capital gains tax above 28 percent would hit around 5 million U.K. cryptocurrency holders particularly hard. Capital gains tax refers to gains made from investments in assets such as stocks or real estate, and it affects very few people in the UK. However, Morsfie...
US bond investors are bracing for a possible historic swing in yields in the days following the US Presidential Election on November 5, according to the creators of a decades-old measure of volatility. Harley Bassman, who created the MOVE index of expected volatility in the Treasury market in 1994, said options prices showed a swing of about 18 basis points across maturities after the election. He said the expected daily swing over the next rolling month cycle was six basis points. Although this...
The Federal Reserve's Kashkari said that bitcoin has been around for more than a decade, but it is still useless. Kashkari has publicly expressed skepticism about cryptocurrencies on several occasions, arguing that bitcoin and other cryptocurrencies are mainly used for speculation and illegal activities and lack intrinsic value.
Tether celebrates the pioneering advances and innovations of the past decade that have shaped the evolving digital asset landscape. Since its inception in 2014, Tether has revolutionized the financial industry by launching the world's first stablecoin, connecting traditional currencies with the fast-growing digital asset market. Today, USDT is the most widely used stablecoin with a market cap approaching 120 billion...
A 2009 bitcoin miner began transferring bitcoins to cryptocurrency exchange Kraken three weeks ago after almost a decade of account silence. So far, the wallet has transferred a total of 10 bitcoins in three transactions, the latest of which was sent on Tuesday. According to data from the on-chain analysis tool Arkham, the miner transferred bitcoin several times between 2011 and 2014, but then the account stopped moving. Recently, the frequent activity of such wallets dating from the "Satoshi er...
On August 11th, according to a report by CoinGecko, the most serious correction in the global cryptocurrency market in the past decade was the 39.6% plunge on March 13, 2020 due to the COVID-19 pandemic. The massive sell-off caused the total cryptocurrency market capitalization to plunge from $2237.4 billion to $135.14 billion. In comparison, the largest cryptocurrency market sell-off so far this year was much smaller, at only -8.4%.
Measurements of bitcoin volatility have trended lower over the past decade but remain higher than assets such as stocks or gold, with the gap between the 180-day real volatility measure for bitcoin and gold, for example, narrowing by more than 100 percentage points to 28 percentage points over that period. Richard Galvin, co-founder of hedge fund DACM, says the increasing institutionalisation of bitcoin ownership will lead to less volatility over time, adding that products such as ETFs introduce...
New Zealand's 10-year bond yield rose to 5% for the first time since November.
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