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FameEX Morning Crypto News Recap | November 14, 2024

2024-11-14 18:56:40

October Core CPI Stays at 3.3% Year-Over-Year, In Line with Expectations

The U.S. core CPI annual rate for October held steady at 3.3%, in line with expectations and unchanged from the prior month. Meanwhile, September’s unadjusted CPI annual rate rose to 2.6%, meeting forecasts and reaching a three-month high, reversing a six-month downward trend. This indicates stability in inflationary pressures.


Former SEC Chairman Clayton Foresees Cryptocurrency Regulation Legislation Passing in U.S. Congress After Trump Takes Office

On November 14, former SEC Chairman Clayton suggested that U.S. Congress may pass cryptocurrency regulations after Trump takes office. He also advocated easing regulatory burdens to foster public offerings, signaling policy changes the industry has eagerly anticipated and aims to influence through the upcoming presidential election.


Grayscale Bitcoin and Ethereum Mini Trusts Achieve Over $1 Billion in Net Inflows

Grayscale's Bitcoin Mini Trust (BTC) and Ethereum Mini Trust (ETH) have exceeded $1 billion in net inflows within just three months of their launch, reflecting strong investor demand for these affordable crypto investment products.


BlackRock's IBIT Sees $3.856 Billion in Trading Volume, 45% of Orders Are Active Buys

On November 13, Trader T data showed BlackRock's IBIT trading volume reached $3.856 billion, with 45% of trades being active buy orders and 39% active sell orders.


Russia Moves Forward with Cryptocurrency Tax Legislation, Plans 25% Corporate Tax Rate by 2025

Russia's Legislative Activities Committee has moved forward with a cryptocurrency tax bill, effective in 2024. Individual traders and miners earning above 2.4 million rubles will face progressive taxes ranging from 13% to 22%. The corporate tax rate will increase to 25% in 2025. The tax reforms are expected to generate approximately $521 million annually.


Brazil's Central Bank Set to Open Cryptocurrency Market, Offering Benefits to Traditional Financial Institutions

The Central Bank of Brazil is set to open the cryptocurrency market to traditional financial institutions through new regulations. While this shift could benefit established players, smaller crypto startups may struggle with high entry barriers due to strict regulations. This could result in increased competition for newcomers in the crypto space.


Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​

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