Thursday, July 29


10 year yield, Bitcoin, Cardano, crypto, Dogecoin, Ether, Federal Reserve, gold, inflation, Jerome Powell, Lumber, Markets, MI Exclusive, Oil, s&p 500, stock market

US stocks trade mixed as Powell reiterates in testimony that inflation will pass

A trader blows bubble gum during the opening bell at the New York Stock Exchange (NYSE) on August 1, 2019, in New York City. Johannes Eisele/AFP via Getty Images US stocks rallied on Wednesday after Federal Reserve Chairman Jerome Powell reiterated that inflation will pass.The benchmark S&P 500 index scaled close to all-time highs, while the Dow Jones Industrial Average also inched up. The Nasdaq composite fell slightly. The yield on the US 10-year Treasury slipped 6.1 basis points to 1.353%.The Fed chief said the US economic recovery still has further to go before the central bank considers tapering its asset purchases, according to prepared remarks ahead of his House Financial Services Committee testimony. Powell said the US job market "is still a ways off" from the prog...
Bitcoin, Cardano, crypto, digital assets, Dogecoin, Ether, Ethereum, Markets, MI Exclusive

Bitcoin, ether and dogecoin briefly slide to lowest in 3 weeks after inflation data sparks fears of faster Fed tightening

STR/NurPhoto via Getty Images Bitcoin dogecoin and cardano's ada token hit their lowest in three weeks at one point on Wednesday before recovering some stability, while ether touched a two-week low after a key measure of US inflation raised concern among investors that the Federal Reserve may put an end to its current policy of low borrowing costs.The US consumer price index rose 5.4% in June compared with a year earlier, the fastest pace since 2008, according to data on Tuesday. Bitcoin was last up around 1% on the day at $32,830, according to Bloomberg data. Earlier, it fell to as little as $31,599, its lowest in three weeks."The strange narrative is that this is due to the strong inflation yesterday in the US, perhaps on the fear that this will bring forward Fed tighten measur...
Bitcoin, Cardano, Cryptocurrencies, Ether, Markets, MI Exclusive, new york bill, New York State Senate, rachel may

A New York bill would mandate public officials to disclose crypto holdings above $1,000

INA FASSBENDER/AFP via Getty Images A new bill is looking to require public officials in New York to disclose cryptocurrency holdings above $1,000. New York Senate Bill S7272 was presented by Senator Rachel May, The Block first reported. "The purpose of this bill is to close the loophole on cryptocurrency assets, like bitcoin," the bill said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell A new bill being proposed in New York seeks to require public officials to disclose cryptocurrency holdings above $1,000 in the annual statement of financial disclosure.New York Senate Bill S7272 was presented by Democratic Senator Rachel May to the State Senate's Rules Committee on July 2, The Block first reported."The purpose of this bill is to close the loophole on c...
Cardano, charles hoskinson, Cryptocurrencies, Dogecoin, dogecoin price, Ehtereum, Markets, MI Exclusive, Tech Insider

Ethereum cofounder Charles Hoskinson hopes Elon Musk’s call to upgrade dogecoin will give it more real-world use and prevent a collapse in value

Cardano creator Charles Hoskinson said dogecoin has potential for real-world use, if improved. The ethereum cofounder hopes Elon Musk's call to fix up the meme token will stave off its collapse. Dogecoin was last trading 9% lower at 24 cents on Monday, but is up about 5,164% this year. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Ethereum cofounder and cardano creator Charles Hoskinson said in a recent podcast that he hopes Elon Musk's appeal for ideas to upgrade dogecoin will help bring more real-world value to the digital token."Dogecoin is a reasonable target for someone to fix it up and make it an i...