Category: cryptocurrency

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Interbank and liquidity news scan: Will we see an increase in the use of digitized assets as collateral? And, good-bye, Gary Gensler.

Board of Governors. Dual Mandate. The Federal Reserve on Friday announced additional information about the periodic review of its monetary policy strategy, tools, and communications—the framework it uses to pursue its congressionally-assigned goals of maximum employment and price stability. Federal Reserve System. Commodity Futures Trading Commission. Digitized tokens. The Commodity Futures Trading Commission’s Global Markets … Continue reading Interbank and liquidity news scan: Will we see an increase in the use of digitized assets as collateral? And, good-bye, Gary Gensler.

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Interbank and Liquidity News Scan: African leaders still show enthusiasm for China even as financing has decreased.

Media Scan Tether. Cryptocurrency. U.S. President-elect Donald Trump’s pick for Commerce secretary, Howard Lutnick, is in talks to deepen his financial ties with the company operating the world’s largest stablecoin, Tether, by launching a $2 billion project to lend dollars to clients against bitcoin, Bloomberg News reported on Sunday. Reuters. Foreign exchange. Fund inflows. America’s … Continue reading Interbank and Liquidity News Scan: African leaders still show enthusiasm for China even as financing has decreased.

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Crypto: If passed, how long will regulators hold back from chipping away at the Keep Your Coins Act?

The takeaway … Last week, U.S. Senator Ted Budd, Republican of North Carolina, introduced S.3229, the Keep Your Coins Act. The bill prohibits Federal agencies from restricting the use of convertible virtual currency by a person to purchase goods or services for the person’s own use, and for other purposes. Customers are allowed, under the … Continue reading Crypto: If passed, how long will regulators hold back from chipping away at the Keep Your Coins Act?

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Merchants, traders, brokers and the future of trade…

Trade has always been limited to those with control over commodities and access to credit. Merchant/broker/traders have always been in the data gathering business. It is no surprise that merchant/broker/traders sit on and trade valuable, actionable data. Movement of the data gathered by merchant/broker/traders have moved on an OI (organic intelligence) infrastructure for centuries. This … Continue reading Merchants, traders, brokers and the future of trade…

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Should traders pray for state intervention in foreign exchange markets?

If I am assessing the probability of the exchange rate of a currency pair exceeding a certain price at a certain time, that expectation is going to be based, in part, on what government action may or may not occur. For all the anti-intervention chatter we hear from asset managers all over mainstream and social media, going through the following back-of-the napkin exercise has brought me to a contrarian view. Maybe some of these asset managers would like to see some kind of government action that creates profits for them. Continue reading Should traders pray for state intervention in foreign exchange markets?

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Traders With Edge listed among top proprietary trading platforms for August 2023.

Proprietary trading refers to a financial firm or commercial bank that invests for direct market gain rather than earning commission dollars by trading on behalf of clients. Also known as “prop trading,” this type of trading activity occurs when a financial firm chooses to profit from market activities rather than thin-margin commissions obtained through client trading activity. Proprietary trading may involve the trading of stocks, bonds, commodities, currencies, or other instruments. Continue reading Traders With Edge listed among top proprietary trading platforms for August 2023.

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Interbank Market News Scan: Where bitcoin, foreign exchange, Treasurys, and Fed administered rates stand at 10:23 am EST.

30-Day Federal Funds Options (June 2023 ZQM3): 94.92 Fed Funds Target Range: 5.00-5.25% Effective Federal Funds Rate: 5.08% Interest on Reserve Balances: 5.15% Discount Window Rate: 5.25% Two-year Treasurys: 4.00% Ten-year Treasurys: 3.52% Prime Rate: 8.25% EUR/USD: 1.1026 USD/CAD: 1.3419 GBP/USD: 1.2650 DXY: 101.36 BTC/USD: 28138 Sources: CME Group, Board of Governors-Federal Reserve, MarketWatch. Continue reading Interbank Market News Scan: Where bitcoin, foreign exchange, Treasurys, and Fed administered rates stand at 10:23 am EST.

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Interbank Market News Scan: Inflation slows. Expect Biden to take a victory lap.

Should Mr Biden speak specifically to the inflation report, I expect that he will give some amount of credit to his inflation reduction and infrastructure initiatives that he has been implementing over the past two years. In theory, fiscal spending usually takes 18 months to move through the economy. Inflation, however, is a monetary phenomenon where there is an increase in money supply and not enough production in the economy to absorb the money supply. Continue reading Interbank Market News Scan: Inflation slows. Expect Biden to take a victory lap.