LONDON—The U.S. dollar index strengthened to 100 for the first time in nearly two years on Friday, supported by the prospect of a more aggressive pace of Federal Reserve interest rate hikes. The greenback has gained ground on a basket of rivals over the past month, particularly against the euro, which has been pressured by…
Dollar Riding High After Index Hits 100 for First Time in Nearly Two Years
European Stocks Rebound, Dollar Index Hits 100
LONDON—European shares rebounded on Friday, playing catch-up with a modest bounce the previous day on Wall Street, and the dollar index hit 100 for the first time in nearly two years as U.S. bond yields hovered near multi-year highs. World stocks edged higher but were still on track for their first weekly loss in four…
Janet Yellen Delivers Remarks Addressing Cryptocurrency
U.S. Secretary of Treasury Janet Yellen spoke on Thursday about the growing market for cryptocurrency assets, speaking optimistically about the financial innovations of the blockchain while also cautioning that such developments must be regulated to protect consumers and the economy. During Thursday’s remarks, Yellen emphasized “responsible innovation” as the key feature of the Department of…
Does Elon Musk’s Twitter Stake Spell Hope for an End to Bitcoin and Dogecoin Giveaway Scams?
Among the most tweeted about topics by Elon Musk is cryptocurrency. Could the recent announcement that the world’s richest person took a stake in Twitter Inc lead to a crack down on cryptocurrency giveaway scams? What Happened: The Tesla Inc CEO is now the owner of 9.2 percent of Twitter Inc thanks to a stake revealed…
British Government Announces Move to Recognise and Regulate Cryptocurrency
Chancellor of the Exchequer, Rishi Sunak, has announced his ambition to make the UK a global hub for crypto-asset technology, in a move that’ll see some cryptocurrencies called stablecoins recognised as a valid form of payment. Unlike Bitcoin, which is a private, decentralised digital currency, stablecoins are cryptocurrencies designed to have a stable value relative…
‘HODL’: A Typo Takes Hold as a Sound Cryptocurrency Strategy
Late in 2013, with bitcoin prices in the middle of a steep dip, a post appeared in an online forum featuring a misspelling that would become legendary: “I AM HODLING.” The mangling of the word “hold” captured a kind of irreverent blind faith of some early cryptocurrency adopters, and it has since become a part…
Crypto Users Are Under Attack: Here’s How to Prevent a Loss of Funds
Major cryptocurrency hardware wallet producer Trezor warned that all the users that are registered to its newsletter should expect to be targeted by phishing attacks—but not only Trezor customers are affected. What Happened Trezor warned in a Sunday tweet that it was investigating “a potential data breach of an opt-in newsletter hosted on Mailchimp” and that users…
Nearly Half of Crypto Owners First Bought Digital Assets in 2021: Survey
Almost half of all cryptocurrency owners in the United States, Latin America, and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from U.S. cryptocurrency exchange Gemini. The survey of nearly 30,000 people across 20 countries, which was conducted between November 2021 and February 2022, shows 2021…
Fraud Alert: This Doge-Named Crypto Is a Honeypot Scam
Blockchain security firm PeckShield on Sunday warned that DogeMother, one of the many Dogecoin offshoots, is actually a scam. DogeMother, which has a total supply of 1,000,000 tokens, was once touted as “the most caring” new coin that was “unruggable.” On its official website, it misleadingly claimed that one would be able to buy his or…
Hackers Steal Over $600 Million in Cryptocurrency From Ronin Blockchain Network
Hackers have stolen more than $600 million in cryptocurrencies from a gaming-focused blockchain in a heist described as “one of the bigger hacks in history.” The hackers made off with millions of dollars worth of Ethereum and USD Coin from Ronin, the blockchain underlying the popular crypto game Axie Infinity, developed by Vietnamese studio Sky Mavis….
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