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The USD/Hungarian forint fell 1.8% to 314.18; the EUR/Hungarian forint fell 2.1% to 367.14.The Hungarian forint reached its highest level against the US dollar since February 23, 2022.On April 13, Shin Hyun-song, nominee for governor of the Bank of Korea, stated that based on numerous assessments, the current policy interest rate is generally neutral, indicating that no significant adjustments to monetary policy are currently necessary. Shin stated that the 2.5% benchmark interest rate is roughly in the middle of estimates for Koreas neutral interest rate, a conclusion drawn from a series of studies conducted internally and externally by the Bank of Korea. He also pointed out that these estimates are subject to considerable uncertainty and should be assessed in conjunction with broader financial conditions and policy effectiveness.After criticizing the Pope, US President Trump released an AI image of himself as Jesus healing the sick, flanked by images of eagles, fighter jets, and the Statue of Liberty.On April 13th, the General Office of the Ministry of Industry and Information Technology issued a notice on strengthening industrial and information technology quality work in 2026. The notice emphasizes strengthening quality supervision and management. It calls for collaborative efforts in central quality and food safety assessments, cooperation in national product quality supervision and spot checks, and conducting quality inspections of key products such as lithium batteries, photovoltaic modules, civilian explosives, and radio transmitting equipment. It also stresses strengthening supervision and inspection of the consistency of production of road motor vehicles. Furthermore, it encourages e-commerce platforms to issue self-declarations of product quality, increases the intensity of spot checks, and enhances consumers ability to distinguish quality. Finally, it emphasizes leveraging the role of public quality supervision, advocating for the concept of "high quality, high price," and effectively protecting consumers legitimate rights and interests.

Powell failed to frighten Crypto

Alina Haynes

Nov 03, 2022 19:35

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Bitcoin is currently trading near $20,3K, which is only 0.5% below yesterday's levels, despite the fact that the range of changes over this period has been quite large. The initial reaction to the Fed's official announcement caused BTC to rise to $20,800, but the subsequent press conference doubled the pressure on the exchange rate, causing it to fall below $20,000.

 

The crypto market's value increased by 0.13 percent overnight, to $1.01 trillion, demonstrating significantly greater resistance to stock market volatility. The pressure on Bitcoin and Ether, which is strongly related to institutional sentiment, is counterbalanced by the ascent of altcoins one by one.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

In addition to Dogecoin's price doubling in just over a week, Litecoin (+13%) and Polygon (+15%) were among the surging currencies. The year-long bear market has worn down crypto investors, who now appear receptive to new pump ideas. This may indicate that the market is sufficiently inexpensive and stable.

 

Charles Edwards, founder of Capriola Investments, hypothesized that the entry of major energy companies into the business explains Bitcoin's new hash rate high. According to him, the rise in hash rate notwithstanding BTC's stagnation does not indicate that miners are giving up. According to Glassnode, the network processing capacity of the first cryptocurrency on November 1 was 272,4 EH/s (smoothed by the 7-day moving average).

 

DeFi providers are increasingly using stablecoins as collateral. According to a research by CoinMarketCap and TokenInsight, this is the case. Ethereum continues to dominate DeFi-ecosystems by a significant margin.

 

Money transfer company MoneyGram has teamed with the cryptocurrency exchange Coinme to add trading and storage options for Bitcoin, Ethereum, and Litecoin to its mobile app for US customers.

 

UnionBank, the largest bank in the Philippines, has announced the pilot launch of trading and storage services for Bitcoin and Ethereum. The program is being out in collaboration with the Swiss custodian Metaco.


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