Month: August 2020

Cryptocurrency wallet platform Klever will allow users to stake Bitcoin (BTC), Ether (ETH), Tron (TRX) and other cryptocurrencies in Cred’s staking programs from within the wallet. Cred is a cryptocurrency staking and lending platform that allows users from across 190 countries to lend their cryptocurrency funds in return for monthly rewards in stablecoins, cryptos and
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Records continue to be broken European stocks have slipped to end the month but the overall picture in August has been remarkably strong. Generally, August is a soft month for equities but not this year as asset prices everywhere have surged. The MSCI World Index of developed markets is up 6.6% this year in the
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The spike witnessed in wages in the US reflects job losses among low-wage workers rather than a labour market recovery, San Francisco Federal Reserve President Mary Daly argued in a recently-published research paper. Additional takeaways “Wage growth readings give false signals on the labour market.” “Severe disruptions in the labour market remain.” “Evaluating the labour market
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A couple of releases to move things along but it is a UK holiday The yen is mildly weaker with Japanese stocks rebounding to start the week, following the declines seen last week in the wake of Abe’s resignation. US futures are also seen trading higher to start the week with E-minis up ~0.5%, keeping
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Fitch Ratings is out with its review on the Japanese economy, in light of Prime Minister (PM) Shinzo Abe’s resignation last Friday. Key findings “Abe resignation brings Japan’s policy settings into focus.” “Policy settings will likely remain stable in wake of resignation of Japan’s long-serving prime minister, Shinzo Abe.” “Abe’s resignation brings forward policy uncertainty
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The Ethereum Classic (ETC) network was hit by another 51% attack on August 29, causing the reorganization of more than 7,000 blocks just weeks after proposing security upgrades. In a tweet, Ethereum Classic confirmed the attack and promised it is working on potential solutions to the problem. “While ETC is still making progress in evaluating
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The Oracle of Omaha turns 90 today Warren Buffet celebrates his 90th birthday today as the world’s sixth-richest man. At $82.1 billion, he’s done well for himself. Around the age of 10, he read a book about how to make $1,000 and intuitively grasped the importance of time. In five years, $1,000 earning 10% would
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Here is what you need to know on Monday, August 31: The dollar plunged on Friday in the aftermaths of the US Powell’s announcement last week. The Federal Reserve shifted the monetary policy, putting more emphasis on employment and saying it could let inflation run beyond the 2.0% target. Japanese PM Shinzo Abe resigned over
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