Inflation on, fear off

Inflation on, fear off

Bank rules push bitcoin, not blockchain, to fringe.

  • #Stocks on Wall Street hit a record high and core government debt was steady as investors brushed aside the biggest jump in US inflation since the financial crisis.
  • The Basel Committee on Banking Supervision has weighed in on #cryptocurrencies. Punitive new proposals from the standard-setting body may ensure bitcoin remains in the fringes of regulated finance.
  • The dollar hovered near a five-month low versus major peers as investors looked to U.S. inflation data and a European Central Bank meeting later in the day to provide a spur for lacklustre #currency markets.

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.