CryptoX – Cryptocurrency Analysis and News Portal U.S. employers added TK jobs in June. Original Source The post US Job Growth Remains Historically Strong, Exceeding Economists' Expectations appeared first on CryptoX. CryptoX Portal
Ahead of the latest nonfarm payrolls report, bitcoin rose to a multi-week high above $22,000 on Friday. The token climbed to its highest level in over three weeks, whilst ETH also rallied, rising above $1,200 for the first time in nearly two weeks. Bitcoin BTC rallied to a three-week high on Friday, as markets anticipated the release of the latest nonfarm payrolls report. Following a low of $20,382.89 on Thursday, BTC/USD surged to an intraday peak of $22,314.94 earlier today. The move saw bitcoin climb to its highest point since…
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Facilitators, however, will have limits in place to ensure they don’t abuse their powers. “For each Facilitator, Governance will also have to approve something that we call a bucket. A bucket represents the upward limit of GHO a specific facilitator can generate,” the Aave proposal said. Source
Cryptocurrencies allow a free movement of money across political boundaries, bypassing the traditional banking channels. Increased outflows through the decentralized crypto setup could put downward pressure on national fiat currency. Further, the system can be used for money laundering and terror funding, as India’s Finance Minister Nirmala Sitharaman noted early this year. Source
Over the past 24-four hours, Solana (SOL) maintained a strong position above the $35.00 support level and displayed a reversal pattern indicating a rebound. As of this writing, SOL is trading at $36.86, up 13% in the last seven days, data from Coingecko show. SOL currently has a trading volume of $1,177,991,581, down 24% in the last 24 hours. The support zone for SOL is between $20 and $30. SOL was in a sideways market for 24 days after it plummeted to the support zone, and ultimately the cryptocurrency began…
“I am definitely in support of doing another 75 basis-point hike in July, probably 50 in September,” Waller said, adding a 25 basis-point hike that could then be on the cards after that. Concerns of the Fed tipping the U.S. into a recession were overblown, he said, and added that he saw a “good shot” of the economy having a soft landing. Source
Virginia’s Fairfax County continues to be a prominent public institutional investor in the cryptocurrency space and is set to diversify its portfolio with a move into yield farming. As previously reported, global asset managers VanEck announced that the Fairfax employees’ and police retirement systems will invest $35 million into the firm’s crypto lending fund. It’s the latest investment move by the two county-run funds in the cryptocurrency space since their original foray began in 2018. Cointelegraph reached out to Andy Spellar, the chief investment officer of Fairfax’s employees’ retirement system,…
A Kenyan agency charged with tracing and freezing proceeds of crime said it recently obtained an order giving it the authority to freeze bank accounts belonging to Nigerian fintech Flutterwave. The agency alleges that Flutterwave is not providing merchant services as per claims, but is instead involved in money laundering activities. Deliberate Attempt to Obscure Movement of Funds Kenya’s Asset Recovery Agency (ARA) recently received an order from the High Court to freeze bank accounts holding nearly $60 million which the agency believes to be laundered money, a report has…
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