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Tether (USDT), the leading stablecoin, surpassed the financial giants in just 90 days and boasts an impressive run rate of $11.4 billion annually. This success has led to nearly $100 billion in circulation, which exceeded Goldman Sachs' profits last quarter, as reported by Bitwise CIO Matt Hogan.However, JPMorgan has expressed concerns about Tether's dominance, citing regulatory and transparency issues.Growing to $100 billion!JPMorgan analysts led by Nikolaos Panigirtzoglou see Tether's growing dominance over the past year as a potential risk to stablecoins and the broader crypto market. There is. Transparency regarding Tether's regulatory challenges is seen as a drawback for long-term…

How much energy does cryptocurrency mining consume in the United States? In a recent analysis, Energy Information Administration The Electricity Industry Agency (EIA) estimates that large-scale cryptocurrency trading consumes more than 2% of the country's electricity. And, as Ars Technica pointed out in a report on Friday (February 2), this Another state to the national power grid. While some mining is done on a small scale on home computers, most cryptocurrency mining is done on a large scale, with most of the costs going to electricity, the report said, which is driving miners to move to places with cheaper electricity.…

Stay informed with free updatesJust sign up for national debt myFT Digest — delivered straight to your inbox.Eurozone governments rushed to raise debt earlier this year to take advantage of strong investor demand.Member countries have sold 200 billion euros of bonds since the beginning of 2024, according to Barclays analysts. January's issuance amount was the highest monthly total on record, and was approximately 20% higher than the same period last year. Despite the market rally late last year, investors are still rushing into Treasuries, attracted by yields well above levels seen just a few years ago. Meanwhile, governments selling record…

With its streamlined curves and glow-in-the-dark sound system, the silver Lamborghini Huracán Performante was the stuff of teenage fantasy: $350,000 of aerodynamic metals and lightweight upholstery, packed into a taut and powerful body. Ben Armstrong loved it dearly.When he started shopping for a Lamborghini, Mr. Armstrong, a cryptocurrency evangelist with more than one million YouTube subscribers, worried that he’d have to spend months searching. “I think I have to go to Italy to get the Lambo I want,” he texted a business partner. “I don’t want to compromise.” But fate smiled on him. In the fall of 2021, a car…

The European Union is a monetary union, but not a fiscal union. Twenty of the 27 member states use the euro but maintain public accounts. Apart from the small EU budget (equivalent to just 1% of EU GDP), there is no fiscal union. That means Brussels imposes almost no taxes and spends almost nothing on the EU. However, European economies are highly interdependent and member states' fiscal policies generate important externalities, so common rules need to be agreed. These rules are contained in the so-called Stability and Growth Pact (SGP), whose purpose is to coordinate the fiscal policies of the…

This article has been reviewed in accordance with Science X's editorial processes and policies. The editors have highlighted the following attributes while ensuring the authenticity of the content: fact confirmed trusted sources proofread got it! Credit: CC0 Public Domain × close Credit: CC0 Public Domain An unprecedented study of cryptocurrencies finds that the most regulated coins create the most efficient markets. This crypto regulation, often provided by crypto exchanges like Binance, also helps protect investors by providing reliable public information. “Small investors and institutional investors alike should be aware that investing in coins without any regulation can suffer from price…

Credit: CC0 Public Domain An unprecedented study of cryptocurrencies finds that the most regulated coins create the most efficient markets. This crypto regulation, often provided by crypto exchanges like Binance, also helps protect investors by providing reliable public information. “Both small and institutional investors should be aware that investing in coins without any regulation can suffer from price manipulation and a severe lack of insider information,” University of Florida Management said. said Liangfei Qiu, an undergraduate professor and one of the authors. new research. This work will be done in the future Financial and Quantitative Analysis Journal. “Instead, they may…

The underlying situation continued to improve, albeit gradually. Excluding volatile food, alcohol, tobacco and energy prices, inflation slowed to 3.3% from 3.4% in December. This is the lowest level in about two years. However, prices for services, which are typically prone to wage pressure, did not rise in January and remained flat at 4%. ECB officials have repeatedly warned that strong wage growth could further slow the recovery to the 2% target. ECB President Christine Lagarde said policymakers wanted to rein in “very important” wage data before cutting interest rates. At the same time, the euro zone employment data for…

newsExpectations that inflation across the 20 countries using the euro will ease in the first months of 2024, returning to a downward trend and that prices in the euro area are returning to the 2% target set by the European Central Bank. has increased.Consumer prices in the euro zone rose 2.8% year-on-year in January, slowing from a 2.9% rise in December, the European Union's statistics office said on Thursday.Economists had expected a bigger drop, a real adjustment after inflation rose in December as some government subsidies expired.Why it matters: Data will determine when to cut ratesInvestors are watching for signs…

An unprecedented study of cryptocurrencies finds that the most regulated coins create the most efficient markets. This crypto regulation, often provided by crypto exchanges like Binance, also helps protect investors by providing reliable public information. “Both small and institutional investors should be aware that investing in coins without any regulation can suffer from price manipulation and a severe lack of insider information,” University of Florida Management said. said Liangfei Qiu, an undergraduate professor and one of the authors. New research. “Instead, they may want to invest in coins that are listed on platforms that provide some degree of vetted information.…