Cryptocurrency

Shares of the first U.S. bitcoin-linked fund rose slightly on their first trading appearance on Tuesday.The ProShares Bitcoin Strategy ETF, ticker ‘BITO,’ jumped 3% when trading began and last traded 2.3% higher at $40.94. The fund tracks CME bitcoin long awaited futures, or contracts speculating on the future price of …

Gold futures fell on Friday, on pace to halt a three-session climb, as Treasury yields and U.S. benchmark stock indexes rose, Gold prices rose on Tuesday, October 19, as the dollar and US Treasury yields fell, providing some support for the precious metal despite the trend of central banks to …

Gold fell on Monday morning in Asia, recouping some losses after heavy selling during the previous session as US bond yields tumbled. Gold futures were down 0.03% at $1,767.75, to offset losses after dropping 1.6% on Friday. The benchmark 10-year US Treasury yields also eased after rising to 1.5904% on …

The Commodity Futures Trading Commission ordered Tether, Friday, to pay a $41 million fine for “making misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT) stablecoin.”This case highlights the expectation of honesty and transparency in the rapidly growing and developing digital assets marketplace.Stablecoins …

An executive at Fidelity Investments says that Bitcoin (BTC) may reach $100,000 by 2023, but that won’t threaten the value of the US dollar (USD).In a new interview with CNBC’s “Squawk on the Street,” Fidelity Investments director of global macro Jurrien Timmer predicts that the largest crypto asset by market …

Gold futures fell on Friday, on pace to halt a three session climb, as Treasury yields and U.S. benchmark stock indexes rose, but the recent run-up in the precious metal set prices up to post the best weekly advance since August. The selloff Friday followed gold’s inability to hold above …

Consumer Price Index data from the U. S. Labor Department and FOMC minutes represented the key market drivers on Wednesday. Inflation is still steering the both the U. S. economy and fiscal policy as prices continued their ascent in September. Social Security benefits will rise 5.9% in 2022, the highest …

Cryptocurrency market is double the size of the sub-prime debt in the U.S. on the eve of the financial crisis posing a threat unless urgently regulated according to the Bank of England.Crypto assets are worth $2.3 trillion, about 200% more than at the start of 2021. While that represents a …

The International Monetary Fund (IMF) has issued a warning about the growing risks in the expanding cryptocurrency space, including fraud, excess speculation and potential “runs” on seemingly more stable assets, in a report on Tuesday.Crypto in all its forms has been spreading around the globe. Nearly half of the world’s …

Bitcoin climbed above $57000 on Monday as it continues to dominate institutional capital flows and traders resume push for record highs.The largest cryptocurrency rose for the first time since May extending its two-week rally. It’s up over 30% in October, currently trading at around $57187.Bitcoin’s surge is due to two …