New Tax Protocol Grants Respite to Crypto Giants

The post The Laver Cup Begins in San Francisco, But Can’t Match Ryder Cup Fever appeared on BitcoinEthereumNews.com. SAN FRANCISCO, CALIFORNIA – MARCH 8: Roger Federer stands outside Chase Center as part of the Laver Cup San Francisco Launch for 2025 on March 8, 2024 in San Francisco, California. (Photo by Loren Elliott/Getty Images for Laver Cup) Getty Images for Laver Cup The Laver Cup is back in the United States as its eighth edition takes place at the Chase Centre in San Francisco, starting on Friday. Andre Agassi takes the captaincy reins from John McEnroe for Team World, which features top ten stars Taylor Fritz and Alex de Minaur alongside Brazilian wonderkid Joao Fonseca. Team Europe’s lineup boasts new world No. 1 Carlos Alcaraz and world No. 3 Alexander Zverev, with Casper Ruud and Holger Rune making an impressive front four on the grid. Europe have won the event five times in the seven iterations so far under the watchful eye of Bjorn Borg. The charismatic former French Open champion Yannick Noah skippers the team as Tim Henman comes in as vice-captain. “I’ve talked to many of the players and they say it’s one of the most fun events to play in, a great event,” said Rune ahead of the Open Practice Day. The Laver Cup was the brainchild of Roger Federer and his longtime agent Tony Godsick. The original concept was to bring about the best of the past, present and future of tennis in a weekend event that could match the team and individual dynamic of the Ryder Cup. The singles and fourballs of golf can easily be swapped into tennis terminology as nine singles and three doubles build to a (potentially) thrilling last day of competition with the first to reach 13 points declared the winner. In the Ryder Cup, 14 and a half points are needed to win outright. Laver Cup CEO Steve…

The post Edges higher ahead of BoC-Fed policy outcome appeared on BitcoinEthereumNews.com. USD/CAD gains marginally to near 1.3760 ahead of monetary policy announcements by the Fed and the BoC. Both the Fed and the BoC are expected to lower interest rates. USD/CAD forms a Head and Shoulder chart pattern. The USD/CAD pair ticks up to near 1.3760 during the late European session on Wednesday. The Loonie pair gains marginally ahead of monetary policy outcomes by the Bank of Canada (BoC) and the Federal Reserve (Fed) during New York trading hours. Both the BoC and the Fed are expected to cut interest rates amid mounting labor market conditions in their respective economies. Inflationary pressures in the Canadian economy have cooled down, emerging as another reason behind the BoC’s dovish expectations. However, the Fed is expected to start the monetary-easing campaign despite the United States (US) inflation remaining higher. Investors will closely monitor press conferences from both Fed Chair Jerome Powell and BoC Governor Tiff Macklem to get cues about whether there will be more interest rate cuts in the remainder of the year. According to analysts from Barclays, the Fed’s latest median projections for interest rates are likely to call for three interest rate cuts by 2025. Ahead of the Fed’s monetary policy, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto Tuesday’s losses near 96.60. USD/CAD forms a Head and Shoulder chart pattern, which indicates a bearish reversal. The neckline of the above-mentioned chart pattern is plotted near 1.3715. The near-term trend of the pair remains bearish as it stays below the 20-day Exponential Moving Average (EMA), which trades around 1.3800. The 14-day Relative Strength Index (RSI) slides to near 40.00. A fresh bearish momentum would emerge if the RSI falls below that level. Going forward, the asset could slide towards the round level of…

Paris-based security device maker reports best year yet with revenues in triple-digit millions as $2.2 billion stolen in first half of 2025