Ethereum’s merge is undoubtedly the most highly-anticipated event in the cryptocurrency industry in 2022. Scheduled for September, the anticipation also caused a considerable increase in the price of ETH, which is up about 90% since the lows in June. Many believe that this increase is largely due to the Merge, and some are speculating that the event might already be priced in. But is it really?  To get to the bottom of this, there are a few other questions that need an answer. What Does “To Be Priced In” Mean? In the world of cryptocurrency trading, the price of an asset is influenced by a range of different things. Major protocol upgrades can undoubtedly be a catalyst, albeit positive or negative. For example, there’s a very prominent and popular theory that the cryptocurrency market is moving in cycles – bullish and bearish. The bullish cycles are when the prices go up, and the community has come to sort of a conclusion that Bitcoin’s halving is the positive trigger....

  Jan Hatzius told CNBC on Tuesday that the pace of wage increases in the United States must slow as inflation picks up, becoming a key focus for the Fed and markets alike.   The quarterly annualized wage growth rate has been " well above" 4%  over the past two quarters, said Hatzius, who is also head of  global investment  research at  Goldman Sachs.  it has to go down,” added  Hatzius.  Goldman Sachs' chief economist said it would be difficult to sustain wage increases of  5% to 6%  without causing " significantly high " inflation.  Jan Hatzius told  CNBC  on Tuesday that as inflation rises, the pace of US wage increases must slow and become a key focus for the Fed and markets alike. “I think  4% is fine. 5% to 6%  is probably difficult to sustain without significantly higher inflation, so it needs to be brought down,” Hatzius added. The annualized quarter-over-quarter wage growth rate was  "well abo...

  When processing a $100 refund for an Australian woman, the cryptocurrency trading platform Crypto.com sent her $10.5 million instead. They didn't notice the mistake for seven months. When processing a $100 refund for an Australian woman, the cryptocurrency trading platform Crypto.com sent her $10.5 million instead. They didn't notice the mistake for seven months. The company paid Hollywood star Matt Damon to be in a Super Bowl ad with the slogan "fortune favors the brave." Seven months later, in December 2021, it found out that it had mistakenly given the fortune to a woman in Melbourne named Thevamanogari Manivel. In Australia, Crypto.com is known as Foris GFS. By mistake, Manivel's account number was put into the payment amount field, so the company gave him $10.5 million instead of a $100 refund. This year, the company went to court in Victoria, Australia. In February, the court put a freeze on Manivel's Commonwealth Bank account, but most of the money h...

  The new feature has been added with just days left until the long-awaited Ethereum Merge. As a sign of support for the upcoming Ethereum Merge, tech juggernaut Google is marking the time left until the upgrade with a new countdown timer. Typing any variation of “Ethereum Merge” or “The Merge” into the search engine shows a countdown ticker, with the estimated time left until the Merge based on the current difficulty, hash rate and merge difficulty. Off to the side is a cartoon of two happy pandas running toward each other with outstretched hands, which supposedly will get closer as the Merge date draws nearer.  Google Cloud developer Sam Padilla in a Friday tweet said that the timer was “a fun little surprise” and a way to show their appreciation of “the work that has been going into this for years.” He said the work was done by Google’s search and labs team, but noted that he helped “kickstart” the idea and discussion that led to the timer being implemented. In the same po...

  The foreign exchange reserves have fallen over the past six weeks in a row, reaching their lowest level in almost two years. Since the crisis in Ukraine, India's foreign exchange assets have declined by more than $80 billion, including more than $2 billion in the past week alone as the Reserve Bank of India sold dollars to assist the rupee in surpassing the 80-to-the-dollar level. The most recent weekly statistics provided by the RBI indicate that the country's foreign exchange reserves hit their lowest level in over two years during the week that ended on September 9. This occurred as a result of a decline of $2.234 billion from the previous week's level of $553.105 billion to the current level of $550.871 billion. Since the Russian invasion of Ukraine in late February, India's import coverage has decreased for six weeks in a row and 23 out of 29 weeks. This is a reflection of the Reserve Bank of India's (RBI) ongoing withdrawal of reserves to counter a rise in ...

  Brief Overview: FP Markets, situated in Australia, is one of the most dependable and safe brokerage firms in the online trading industry. This well-known brokerage was founded in 2005 and is based in Sydney. FP is governed by two of the most stringent regulatory authorities, the ASIC (Australian Securities and Investments Commission) and the CySEC (Cyprus Securities and Exchange Commission.) Furthermore, FP is recognized for its accolades and offering an extremely broad choice of trading accessories (over 13,000), such as forex, CFD, commodities, indices, and cryptocurrencies.  Find out more deets… Award Winner FP Markets: FP Markets was named "Best Trade Execution" at the Ultimate Fintech Awards 2022, held on the last evening of the iFX EXPO International at Columbia Beach in Limassol. Craig Allison, President of Europe, the Middle East, and Africa, stated: "We are honored to be recognized as the industry's leading fintech for trade execution. And receiving this ...