Finance

Crypto-exchanges

Most of the volume of crypto-exchanges is fake. The National Bureau of Economic Research states this. Most of the transactions on the largest unregulated crypto exchanges are manipulative transactions by related groups. On regulated crypto exchanges, such transactions account for about 3%, but on unregulated ones, they account for 77.5%. In addition, the annual turnover of the latter is more than 50% related to money laundering. And 80% of trading volumes on well-known exchanges such as Binance, Huobi, KuCoin, Bittrex and HitBTC are of artificial origin.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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