This Month
‘Squid Game’ cryptocurrency jumps 75,000pc in less than a week
Holders of the tokens inspired by the hit Netflix series can play online games to earn more. Developers promise there are no ‘deadly consequences’.
- Huileng Tan
October
- Opinion
- Cryptocurrencies
Cryptocurrencies will be as useless in the metaverse as they are now
The hypocritical fantasy that underpins crypto also lies at the heart of the metaverse. Both ideas are about making a few people rich, not about building a decentralised paradise.
- Jemima Kelly
Inflation recovery reignites RBA’s feud with bond market
Bond yields exploded higher after inflation data led financial markets to sharpen speculation of rate hikes sooner than expected, putting the RBA in an unenviable position.
- Cecile Lefort
RBA’s inaction escalates war waged by bond traders
Bond traders are taking the three-year government bond yield further from its 0.1pc target after the central bank opted against intervention.
- Cecile Lefort and Jonathan Shapiro
Bitcoin resets record, flirts with $US67,000
Bitcoin rallied to a record as optimism surged for greater mainstream acceptance, with one crypto market watcher calling the move a “validating moment”.
- Vildana Hajric and Joanna Ossinger
Bitcoin futures ETF demand surges on trading debut
BITO stands as the second-most heavily traded ETF for a first day of trading, only surpassed by a BlackRock carbon fund.
- Vildana Hajric
Bitcoin price eyes record high as ETF products near launch
Flagship US securities exchanges could offer the public exchange-traded funds designed to track the bitcoin price on a synthetic basis from this Monday.
- Tom Richardson
NZ inflation alarm fires up rate hike bets
New Zealand’s CPI soared to its highest level in more than a decade, and what’s happening across the Tasman puts the RBA’s forward guidance further in doubt.
- Cecile Lefort
Bitcoin makes run toward record high amid ETF exuberance
Bitcoin-to-the-moon traders are back with a vengeance as the cryptocurrency approaches its all-time high and demand jumps for bullish contracts across crypto exchanges.
- Justina Lee
Everyone’s a US dollar bull as taper makes greenback a top bet
Rabobank’s Jane Foley is among the strategists saying the dollar is poised for further gains as US government bond yields rise.
- Kristine Aquino, Brody Ford and Libby Cherry
Dimon sees crypto headed towards US regulation
JPMorgan boss Jamie Dimon reiterated that while he thinks bitcoin is “worthless”, the bank will provide investors a door to access it.
- Stefania Spezzati and Hannah Levitt
Unloved: Japanese sell $A debt, relief could be in sight
Japanese investors, among Australia’s biggest debt customers, have sold nearly $8 billion of federal and state bonds. But rising yields could tempt them back.
- Cecile Lefort
- Analysis
- Cryptocurrencies
Dogecoin, Floki challenge regulators as much as stablecoins
Crypto’s rise has shocked regulators and talk is emerging that stablecoins may have to keep a certain percentage of risk-weighted assets in reserve, like banks.
- Tom Richardson
Shiba inu crypto surges by 216pc in a week (with help from Elon Musk)
The shib token, inspired by a breed of Japanese hunting dogs, rose a further 69 per cent to a value of $13 billion after the Tesla CEO tweeted about his puppy.
- Joanna Ossinger
New Zealand central bank starts tightening cycle
The Reserve Bank of New Zealand raised the cash rate and flagged further tightening in response to high inflation, a red-hot economy and soaring property prices.
- Cecile Lefort
Energy demand boosts trade surplus but fails to stir $A
The Australian dollar has edged lower despite the nation’s trade balance fuelling a record surplus in August.
- Cecile Lefort
Blockchain most exciting new market in years: Bank of America
Widespread adoption of central bank digital currencies is inevitable, and will help address regulatory concerns.
- Alex Gluyas
Federal Reserve and China weigh on $A outlook
Analysts have downgraded their forecasts for the Australian dollar because the US Federal Reserve is likely to raise interest rates well ahead of the RBA.
- Cecile Lefort
- Exclusive
- Cryptocurrencies
Bitcoin dream brewing in Tonga
A Tongan parliamentarian aims to push through legislation that will make bitcoin legal tender in Tonga, joining the pa’anga. Its central bank is yet to be convinced.
- Tom Richardson
Sarah Hunter wonders where all the female economists are
The BIS Oxford Economics chief economist is surprised by how few females are choosing to study economics, given it can lead to so many interesting careers.
- Cecile Lefort
