THE BANGKO SENTRAL ng Pilipinas (BSP) is anticipated to reduce policy rates by 25 basis points (bps) this month and again in August, as inflation stabilizes beneath the 2-4% target for the year, according to Deutsche Bank. “Our primary assumption is for 25-bp reductions in the upcoming meetings in June and August,” stated Deutsche Bank Research Economist Junjie Huang in a report. The Monetary Board reinitiated its rate reduction cycle in April, bringing down the benchmark rate by 25 bps to 5.5%. The central bank has decreased borrowing costs by a total of 100 bps since it began its easing…
Autore: wsjcrypto
“`html Main insightsCrypto index funds and ETFs offer varied exposure to digital currencies, aiding investors in generating passive income without the need for active portfolio management.There are both centralized and decentralized alternatives, with ETFs listed on stock exchanges and DeFi-native index tokens available through Web3 wallets.Revenue streams encompass asset appreciation, staking, DeFi returns, and covered call tactics, contingent on the fund’s framework — not all funds will accommodate every source.Potential hazards involve market fluctuations, smart contract risks, and management fees, making thorough research essential prior to investing.If you’re interested in putting money into crypto but prefer to avoid the pressures…
Singapore’s financial authority has established a cutoff of June 30 for local cryptocurrency service providers to discontinue offering digital token (DT) services to international markets.This instruction originated from the Monetary Authority of Singapore’s (MAS) reply to industry input regarding its suggested regulatory framework for Digital Token Service Providers (DSTPs) under the Financial Services and Markets Act of 2022 (FSM Act).MAS announced that no transitional arrangements would be established for local DTSPs delivering services internationally. It indicated that any company, individual, or partnership registered in Singapore that provides DT services abroad must either halt operations or acquire a license when the…
“`html The Founder and CEO of Strike, Jack Mallers, at the 2025 Bitcoin Conference in Las Vegas, unveiled a novel system of Bitcoin-secured loans at Strike with an interest rate in the single digits. Jack Mallers commenced his keynote by highlighting the foremost dilemma: fiat currency. “The optimal moment to visit Whole Foods and purchase eggs with your dollars was 1913,” remarked Mallers. “Any time after that, you are getting taken advantage of.” What is the remedy? “The answer is Bitcoin,” asserted Mallers. “Bitcoin is the currency that we trust which no one can generate. You can’t manufacture it, you…
“`html By Chloe Mari A. Hufana and Ashley Erika O. Jose, Reporters PRESIDENT Ferdinand R. Marcos, Jr. on Sunday paused the forthcoming restoration of Epifanio de los Santos Avenue (EDSA) that was initially planned to commence next week, referencing the necessity for additional evaluations to discover a “superior approach” and lessen its anticipated influence on commuters, drivers, and the wider economic framework, potentially even shortening the timeline of the project. The commencement of the P8.7-billion restoration of Metro Manila’s most congested highway, which was scheduled for June 13, has been postponed to July, although Mr. Marcos did not specify a…
“`html Trusted Editorial material, examined by prominent industry professionals and experienced editors. Ad Disclosure The Ethereum valuation has decelerated — consistently failing to surpass the resistance range near $2,800 — over the previous weeks after having a vigorous start to May. The second-largest cryptocurrency aims to reproduce this impressive performance in the initial days of June to reclaim the sought-after $3,000 threshold in the forthcoming months. Since giving up the $3,000 mark in early February, the ETH price has faced challenges in gaining sustained bullish momentum, reaching just above $2,700 on multiple occasions in recent weeks. Nevertheless, recent market insights…
French officials have accused 25 individuals, including six minors, in connection with a series of kidnappings and attempted abductions associated with the nation’s cryptocurrency industry.The cohort, whose ages range from 16 to 23, is facing allegations linked to various schemes aimed at prominent crypto personalities and their families, as reported by Le Monde indicated, referencing a statement from the Paris public prosecutor’s office issued on May 31.According to the report, 18 of the suspects are currently in pre-trial custody, three have sought a postponed hearing, and four are under judicial supervision.The inquiry focuses on a botched abduction attempt that took…
They claim that journalists never really clock out. Yet for Christian, that’s not merely a saying; it’s a way of life. By daylight, he navigates the constantly evolving waves of the cryptocurrency arena, wielding his pen like a skilled editor and crafting articles that elucidate the terminology for the general public. When the computer enters sleep mode, however, his endeavors take a more mechanical (and at times philosophical) turn. Christian’s voyage with the written word commenced long before the emergence of Bitcoin. In the esteemed corridors of academia, he refined his skills as a feature journalist for his university publication.…
“`html By Luisa Maria Jacinta C. Jocson, Senior Reporter HEADLINE INFLATION probably decelerated further in May to another below five-year minimum amidst the ongoing reduction in food prices and a strengthened peso. A BusinessWorld survey of 17 analysts carried out last week produced a median forecast of 1.3% for the May consumer price index (CPI), which is slower than the 1.4% in April and 3.9% in the same month last year. This falls within the Bangko Sentral ng Pilipinas’ (BSP) 0.9%-1.7% prediction for the month. If actualized, this would mark the lowest rate in over five years or since…
The Czech Minister of Justice, Pavel Blazek, has resigned amidst a scandal involving his department’s sale of nearly $45 million worth of Bitcoin given by a convicted drug dealer.The uproar began on May 28 when the ministry announced on X that it had accumulated close to 1 billion Czech koruna (around $45 million) by auctioning nearly 500 Bitcoin (BTC).The revenue was intended for initiatives like digitizing the legal system, addressing drug abuse in correctional facilities, and enhancing accommodations for prison personnel.Nevertheless, Czech news agency Denik N disclosed that the cryptocurrency originated from Tomas Jirikovsky, a convicted felon involved with Sheep…