Crypto News
PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses
On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495, but it later bounced back, crossing theSource link
BitMEX Announces Upcoming Changes to Trading Parameters Effective September 2024
BitMEX will implement changes to minimum price increments, lot size, base initial margin, and maintenance margin of several contracts on September 6, 2024. (Read More)Source link
BlackRock’s Bitcoin ETF Marks First Loss Since May—Cause for Concern?
BlackRock’s IBIT lost $13.5 million on Thursday, marking its first net outflows in nearly four months amid negative outflows among U.S. spot Bitcoin ETFs.Source link
HKMC Releases Social Bonds Allocation Update and Impact Report 2024
The Hong Kong Mortgage Corporation Limited (HKMC) has published its Social Bonds Allocation Update and Impact Report 2024, detailing the allocation and social impact of bonds issued in 2022 and 2023. (Read More)Source link
Crypto ATMs: A Hotbed of Illicit Activity and Regulatory Crackdowns, Says Report
A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is double that of the overall crypto industry, standing at 1.2% of total volume. GlobalSource link