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The main event of the day today will be the meeting of the European Central Bank. Bloomberg economists are divided on expectations in regard to the size of the rate hike, with just over half of them predicting the ECB will raise rates by 75 bps, and just under half believing a 50 bps outcome […]
ECB Up Next Following the September BOC meeting yesterday, focus today shifts to the ECB. The central bank is widely expected to hike rates by .75%, surpassing the .5% hike in July. With inflation in the eurozone having hit record highs of 9.1% in July, the pressure is on the ECB to act decisively. Given […]
Global cryptocurrency taxation rules significantly vary among countries, and some jurisdictions have come up with extremely tough crypto tax policies for their residents. In a new study by crypto analytics firm Coincub, Belgium is referred to as the worst country in the world in terms of crypto taxation for residents. That is according to in-house […]
Algorand has increased its transaction speed, processing capacity and cross-chain functionality with a major upgrade. 1220 Total views 53 Total shares Pure proof-of-stake (PPoS) blockchain Algorand has introduced cross-chain communication and transaction speed improvements with the latest upgrade to its protocol. The layer-1 blockchain network announced the implementation of State Proofs to its mainnet, which introduces […]
The Australian dollar against its US counterpart is declining slowly but steadily. The current quote 0.6748. The pressure that the USD applies to other currencies is too much to develop any alternative trend. The morning statistics demonstrated that the hopes for trade surplus in Australia had not come true. The surplus in July turned out […]
The Japanese yen against the US dollar looks extremely weak. The current quote is 143.82. The morning statistics demonstrated that the Japanese GDP in Q2, 2022 grew by 0.9% q/q and 3.5% y/y. In both cases, the result turned out to exceed expectations. It was a great surprise because investors had not expected much from […]