G42’s potential US reincorporation could reshape global AI dynamics, enhancing US-Gulf tech ties and influencing semiconductor access policies. The post G42 considers US ownership to secure AI chip access appeared first on Crypto Briefing.
August’s job surge suggests resilience in the US labor market, but immigration policy and demographic shifts may challenge future growth. The post US job growth rebounds sharply in August, tripling forecasts as unemployment holds at 4.1% appeared first on Crypto Briefing.
American ETFs bought more than $730 million worth of bitcoin on Thursday, making this the highest rate of inflows since January.
Key Takeaways: Standard Chartered has introduced institutional spot trading in the UAE for BitCoin and Ether. The bank says it is the first Global Systemically Important Bank (G-SIB) to offer the service in the UAE. Eligible Institutions have access to trade both deliverable BTC and ETH using the bank’s existing electronic trading system. User Score […]
The BIS’s use of blockchain for data verification could enhance global trust in official statistics, potentially transforming data integrity standards. The post Bank for International Settlements uses XRP Ledger for on-chain verification proof-of-concept appeared first on Crypto Briefing.
The rapid liquidation underscores the fragility of leveraged crypto markets, potentially dampening investor confidence and impacting future price forecasts. The post $200M in crypto longs liquidated in 15 minutes amid market volatility appeared first on Crypto Briefing.
The US economy added almost three times as many jobs as expected in August, triggering an immediate sell-off for risk-on assets like bitcoin as investors reassess the chances of another Federal Reserve rate hike. The cryptocurrency’s price had risen to over $81,000 before the news went live, but plunged immediately by $2,000 to $79,200. BTCUSD […]
Bitcoin accelerated above $81,000 on Thursday as easing rate fears and fresh institutional demand lifted the broader crypto market. On Sept. 3, Federal Reserve Gov. Christopher Waller said he could support keeping interest rates unchanged this month if August inflation continues to cool, helping push the market-implied odds of a September rate increase to roughly […]
A rate hike could tighten financial conditions, impacting borrowing costs, consumer spending, and potentially slowing economic growth. The post Fed expected to hike interest rates after strong August jobs report appeared first on Crypto Briefing.
Bitcoin (BTC) and gold both dropped within minutes of Friday’s US jobs report, after August payrolls came in at nearly three times what economists expected. The print revived bets on a September Federal Reserve rate hike. That hit the two assets that had spent the week rallying on expectations of a hold. 🇺🇸 *US AUG. […]
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