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The Federal Reserve’s inflation target is pegged at 2% on an annualized basis, and it is unclear in which direction the Feds will tilt with respect to its inflationary control.
The SEC filing showed that the Tesla shares were sold between August 5 and 9, a move Musk made after Tesla’s annual shareholder meeting that was held in Austin on August 4th.
On Monday, the US Treasury blacklisted Tornado Cash for allegedly helping to launder about $7 billion worth of cryptocurrencies.
The documents revealed that the Primary Conversion would become effective before 2022 ends.
Tech giant Meta has announced its Instagram NFT initiative on supported blockchains such as Flow, Ethereum, and Polygon.
Amid the 2021 mania, SPAC deals were 59% of the total new listings in 2021.
Semiconductor heavyweight TSMC saw a slipup in share price as political tensions mount over intended Pelosi visit to Taiwan.
US Treasury yields for 2, 10, and 30 years were all trading higher on August 1 as investors brace for more earnings reports and economic data.
With the US GDP shrinking and interest rates rising, the crypto market so far hasn’t given up to the macro uncertainty. August could be a month of volatility.
Ethereum is currently trading above $1,700 after rising 15% on Thursday as network prepares for The Merge.
The Fed has acted on its decision to hike interest rates by 75 basis points and now sees its benchmark rate in the 2.25%-2.5% range.
The Fed decision to hike interest rates by 0.75% caused the price of Bitcoin to above $22K following a losing week.
While the US Fed has almost decided on the interest rate hike for this month following the two months of running inflation.
The IMF believes that several unsavory macroeconomic parameters, not including Bitcoin price slump, might soon trigger a recession.
Twitter is planning a shareholder vote soon to approve the compensation payable to execs in connection with Musk’s buyout.