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FOREX-Aussie jumps on RBA hike, U.S. dollar steady

by Erin Neustadt (2023-07-25)


LONDON, June 30 (Reuters) - The first six months of 2023 have been eventful for financial markets - from an artificial intelligence (AI) inspired tech stock surge, commodity market capitulations, cryptocurrency comebacks to the worst banking crash since Lehman Brothers.

The news helped bitcoin bounce out of the doldrums and snap two consecutive weeks of losses. BlackRock filed for a prospective spot bitcoin ETF on June 15, undeterred by the Securities and Exchange Commission's (SEC) past record of rejecting every such application.

But it was the 0.7% jump in the Aussie dollar after the overnight surprise from the Reserve Bank of Australia that led the market.

By mid-day in New York, the Aussie was up 0.86% at $0.6672.

BlackRock, the world's biggest asset manager, filed last week for the exchange which would allow investors to get stakes in the asset class. The Wall Street Journal reported on Tuesday that EDX Markets, a crypto exchange backed by Citadel Securities, Fidelity and Schwab had started operations.

Editing by Shinjini Ganguli, Michelle Price, Alexander Smith and David Gregorio)

In all the cases, it said the filings did not meet the standards designed to prevent fraudulent and manipulative practices and protect investors and the public interest.

(Reporting by Carolina Mandl and John McCrank, in New York, and Manya Saini in Bengaluru; Additional reporting and editing by Michelle Price.

U.S.

regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a "web of deception", piling further pressure on the world's biggest cryptocurrency exchange.



Mt Gox was the largest bitcoin exchange in the world and learn more handled over 70% of bitcoin transactions worldwide.

One of the events that lead to a fall in the prices is the Mt Gox Hack in February 2014. Gox lost 844,408 bitcoins out of which 200,000 bitcoins were recovered, but there was no trace of the remaining 650,000 bitcoins.

The decision comes weeks after Binance Australia told customers they would lose access to Australian dollar deposits and withdrawals because payments provider Cuscal cut access.

SYDNEY, June 8 (Reuters) - Commonwealth Bank of Australia (CBA) said on Thursday it would block some payments to certain cryptocurrency exchanges as part of a suite of new anti-scam measures that would limit customer crypto payments.

In-game items typically provide players an advantage and enable them to reap higher rewards.

Avatars and aesthetics in some games, on the other hand, are merely cosmetic and have no bearing on gameplay or monetary benefits.

"We'd gone through this long period of just consistently negative news to make the space look pretty grimy," said Chris Weston, head of research at brokerage Pepperstone in Melbourne.

Trading platform Robinhood Markets said the next day that it was delisting three cryptocurrency tokens from its platform that the SEC identified as securities in its lawsuit against Binance.

dollar index, which measures the currency against a basket of six major peers, rebounded 0.09% to 103.41, but still close to the low of 103.29 reached on Thursday, a level last seen on May 23. The U.S.

June 6 (Reuters) - Shares of Coinbase Global fell on Tuesday and were on track for their biggest one-day percentage decline since late March after the cyrptocurrency exchange found itself in the crosshairs of the U.S.
securities regulator along with Binance.

July 5 (Reuters) - The market share of Binance, the world's largest cryptocurrency exchange, and its U.S.
affiliate have shrank this year, as they battle an onslaught of regulatory crackdowns.

As world stock markets levelled off on Tuesday, Australia dampened hopes that central banks were set to pause the interest rate rise cycle, the crypto universe nursed its latest blow, and Apple underwhelmed overnight.

In a complaint filed in Manhattan federal court on Tuesday, the SEC said Coinbase has since at least 2019 operated as an unregistered broker by handling cryptocurrency transactions, evading the disclosure requirements meant to protect investors.

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