The Cryptocurrency Milestone: SEC Approves Listing of Ether ETFs on US Exchanges Breaking News in the Crypto Industry The cryptocurrency industry has crossed another milestone, as the US Securities and Exchange Commission (SEC) approved the listing of Ether exchange-traded funds (ETFs) on American exchanges. This news has sent shockwaves through the crypto community, as it…
The Amusing Origin Story of Ethereum Ethereum’s Creator Ethereum’s creator, Vitalik Buterin, has always been a strong advocate of decentralized systems, which are the foundation of cryptocurrencies and blockchains. He has played a crucial role in shaping the landscape of the digital asset industry. The Birth of Ethereum Buterin conceptualized Ethereum in 2013 and officially…
The People’s Bank of China and the Yuan Exchange Rate Understanding the Onshore and Offshore Yuan The People’s Bank of China (PBOC) plays a crucial role in determining the exchange rate of the onshore yuan (CNY) through its daily reference rate. USD/CNY is the onshore yuan pair, which is allowed to fluctuate within a 2%…
A Perfect Friday Read from Reuters! Investing in Japan: A Risky Proposition For more than two decades, investors lost their shirts in Japan. In a trade that became known as a “widowmaker”, they sold short Japanese government bonds with their tiny yields, yet suffered as long-term rates crept ever lower and bond prices rose. Today,…
Charmingly Eccentric Blog FTX Examiner’s Report Sparks Controversy Recently, the court-appointed examiner, Robert J. Cleary, released a detailed report recommending further investigations into various aspects of the collapsed FTX Group. The report particularly focuses on FTX.US, its asset management practices, and its legal representation by Sullivan & Cromwell (S&C). Cleary’s report, submitted to the US…
Charmingly Eccentric and Engaging Blog Post The Situation in Gaza Israeli forces killed at least 50 Palestinians in aerial and ground bombardments across the Gaza Strip on Thursday and battled in close combat with Hamas-led militants in areas of the southern city of Rafah, health officials and Hamas media said. The violence escalated following weeks…
Donald Trump apparently forgot to check with Russia before making his latest campaign boast. The former president caused outrage on Thursday when he claimed that if he is elected, Wall Street Journal reporter Evan Gershkovich, currently being held in a Russian jail on dubious spying charges, would be “released immediately,” before he is even sworn…
Cryptocurrency Markets React to Ethereum ETF Decision and Economic Data Market Update: The cryptocurrency markets are currently experiencing a slight downturn as investors await the decision on the proposed Ethereum ETF. Meanwhile, on the broader economic front, the S&P Global US Services PMI for May has shown positive growth, rising to 54.8 from 51.3 in…
