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Top News In ஐரோப்பிய மைய வங்கி ப்ரெஸிடெஂட் கிறிஸ்டின் Today - Breaking & Trending Today

Square, Fidelity, and Coinbase launch a crypto alliance to educate policymakers worldwide


A group of cryptocurrency heavyweights including Square and Coinbase launch an alliance to educate policymakers worldwide
ilee@insider.com (Isabelle Lee)
The alliance aims to educate policymakers and institutions on the benefits of cryptocurrencies.
It also aims to debunk many wrong impressions the public may have towards cryptocurrencies.
Square, Fidelity, Coinbase, and Paradigm announced on Tuesday the formation of a group meant to boost the potential of cryptocurrencies by educating policymakers, regulators, institutions, and individual investors on the benefits of digital assets, which have seen exponential growth in recent years.
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The Crypto Council for Innovation is made up of the leading names in the cryptocurrency space, as first reported by The Wall Street Journal. The CCI was convened by San Francisco-based investment firm Paradigm, which focuses on cryptocurrencies. ....

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European Markets Head for Positive Open With Economic Recovery in Focus


The drop in tech shares comes amid jitters over higher interest rates and a rotation into stocks more linked to the economic recovery. On Wall Street, the tech-heavy Nasdaq Composite slipped below its 50-day moving average, a key technical indicator, for the first time since Nov. 3. 
Investors digested comments from Federal Reserve Chairman Jerome Powell on Tuesday. The U.S. central bank chief said in his testimony to Congress that inflation was soft. He added price pressures remain mostly muted and the economic outlook was still highly uncertain.
Treasury yields slipped on Tuesday after Powell s comments soothed fears of a change in policy from the central bank. ....

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Stock ETFs Continue to Decline Amid Rising Bond Yields


Spiking Treasury yields are irking investors as they fear the rise could affect high-growth companies that count on the bonds for easy borrowing. These yields also limit the desire for risk appetite and stocks.
Key stocks and ETFs like the
Vanguard Information Technology ETF (VGT) are falling, as Apple, Amazon, Microsoft, Netflix, and Alphabet all traded at least 1% lower. Meanwhile, energy ETFs like the 
Treasury Yields Moving Upwards
The 10-year Treasury yield surged 14 basis points last week to 1.34%, near its highest level since February 2020. The benchmark yield reached a high of 1.37% before flattening out, making for a collective pop of 25 basis points in February. ....

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