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Dollar ticks up as oil prices climb, Fed rate hike chances firm

Dollar ticks up as oil prices climb, Fed rate hike chances firm

By Shashwat Chauhan and Jiaxing Li Sept 15 (Reuters) - The euro was pinned at one-month lows against a broadly strengthening dollar on Tuesday, as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will hike interest rates this week.
ReutersReuters
Dollar ticks higher as oil prices climb, Fed rate hike chances firm

Dollar ticks higher as oil prices climb, Fed rate hike chances firm

By Shashwat Chauhan and Jiaxing Li Sept 15 (Reuters) - The euro was pinned at one-month lows against a broadly strengthening dollar on Tuesday, as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will hike interest rates this week.
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U.S. Attorney Seeks Seizure of $61 Million in Cryptocurrency Linked to Iranian Oil Sales

U.S. Attorney Seeks Seizure of $61 Million in Cryptocurrency Linked to Iranian Oil Sales

The U.S. Attorney's Office for the Southern District of New York has filed a civil forfeiture complaint to seize $61 million in cryptocurrency. This cryptocurrency is alleged to be the proceeds from black-market sales of sanctioned Iranian crude oil and petroleum products. The complaint details that Tehran utilized a network of cryptocurrency actors, primarily in China, to launder over $1.5 billion in illicit oil money. These funds were reportedly intended to benefit the Iranian military and the Islamic Revolutionary Guard Corps, financing the Iranian government and its military components. Two Chinese companies, Blessed Trust and Hexa Whale, are accused of using trading accounts on the Binance crypto exchange to launder these proceeds, funneling them to the Iranian government and its proxies for terrorist and other activities. Both companies allegedly provided 'on-ramp' services, allowing the exchange of fiat currency for cryptocurrencies, including through U.S.-based cryptocurrency issuers. A Binance spo...
ReutersReuters
Dollar inches higher as 10-year Treasury yield climbs to highest since 2007

Dollar inches higher as 10-year Treasury yield climbs to highest since 2007

By Jiaxing Li HONG KONG, Sept 15 (Reuters) - The dollar strengthened towards a two-week high on Tuesday, as surging oil prices pushed Treasury yields to fresh peaks since 2007, and cemented expectations for a Federal Reserve rate hike this week.
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Coinbase Partners with Moov to Integrate Stablecoin Services for Community Banks

Coinbase Partners with Moov to Integrate Stablecoin Services for Community Banks

Coinbase Partners with Moov to Integrate Stablecoin Services for Community Banks
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U.S. Bank Completes Cross-Border Payment Using Proprietary Dollar-Backed Stablecoin on Stellar Network

U.S. Bank Completes Cross-Border Payment Using Proprietary Dollar-Backed Stablecoin on Stellar Network

U.S. Bank Completes Cross-Border Payment Using Proprietary Dollar-Backed Stablecoin on Stellar Network
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Federal Reserve System: Structure, Functions, and Independence Clarified Amidst Public Misconceptions

Federal Reserve System: Structure, Functions, and Independence Clarified Amidst Public Misconceptions

Federal Reserve System: Structure, Functions, and Independence Clarified Amidst Public Misconceptions
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WTO Report Highlights Stablecoins' Potential and Challenges in World Trade

WTO Report Highlights Stablecoins' Potential and Challenges in World Trade

WTO Report Highlights Stablecoins' Potential and Challenges in World Trade
ReutersReuters
Analysis-Yen rally faces moment of truth as BOJ risks disappointing markets

Analysis-Yen rally faces moment of truth as BOJ risks disappointing markets

By Kevin Buckland TOKYO, Sept 15 (Reuters) - The fate of the sharpest yen rally in 18 months rests on the Bank of Japan breaking free of its cautious rate-hiking path, though it risks a sharp reversal if the currency again succumbs to the forces that dragged it to 40-year lows in July.
ReutersReuters
China August bank lending disappoints as credit demand stays weak

China August bank lending disappoints as credit demand stays weak

BEIJING, Sept 14 (Reuters) - China's new bank loans returned to positive territory in August but fell well short of analysts' forecasts after a record contraction in July, as weak demand from the household and corporate sectors continued to weigh on credit growth.
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Stablecoins Streamline Remittances but Cashing Out Remains a Challenge for Recipients

Stablecoins Streamline Remittances but Cashing Out Remains a Challenge for Recipients

Stablecoins Streamline Remittances but Cashing Out Remains a Challenge for Recipients
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President Trump Advocates for Crypto Clarity Act and Considers Expanding Bitcoin Holdings

President Trump Advocates for Crypto Clarity Act and Considers Expanding Bitcoin Holdings

President Trump has urged the Senate to advance the Clarity Act following discussions with cryptocurrency executives at the White House. The Clarity Act, which previously passed the House of Representatives, aims to establish a comprehensive regulatory framework for classifying digital assets as securities, commodities, or payment stablecoins. The bill is currently facing a September vote after missing its August deadline, with ongoing disputes between banking interests and crypto businesses. President Trump emphasized the importance of this legislation for the U.S. to maintain its competitive edge against China in cryptocurrency and emerging technologies like artificial intelligence and prediction markets. He specifically called for the passage of a 'fair version of the Clarity Act.' Additionally, when asked about potential government Bitcoin purchases, President Trump expressed openness to recommendations from regulators. His 2025 executive order established a strategic Bitcoin reserve that prevents the ...