Cryptocurrency Market

  • Market Cap: $1,701,659,680,776.58
  • 24h Vol: $44,684,671,636.10
  • BTC Dominance: 48.54%

Financial Markets

brics-to-promote-national-currencies-before-issuing-common-one

BRICS to Promote National Currencies Before Issuing Common One

The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National Fiats of […]

BRICS to Promote National Currencies Before Issuing Common One Read More »

us-central-bank-expected-to-raise-lending-rate-by-25bps:-experts-predict-final-hike-of-2023

US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023

After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them predict a 25bps rate hike will occur during the May

US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023 Read More »

blackrock-ceo-expects-inflation-to-persist,-but-no-major-us-recession-in-2023

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023

Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that “we’re going to have a 4ish floor in inflation.”

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023 Read More »

p2p-bitcoin-exchange-paxful-suspends-marketplace-with-uncertainty-of-return

P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return

According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could not share the full story at this time.

P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return Read More »

federal-reserve-hikes-rate-by-25bps-to-keep-inflation-at-bay,-aims-for-2%-inflation-rate-by-2025

Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025

Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector It’s been

Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025 Read More »

biden-administration’s-economic-report-deems-crypto-assets-‘mostly-speculative-investment-vehicles’

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’ Read More »

crypto-ads-in-belgium-to-feature-‘punchy-warning’-of-risks,-new-rules-imply

Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply

The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers From Misleading Crypto Advertisements Belgium’s Financial Services and Markets Authority

Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply Read More »

analysts-suspect-banking-crisis-triggered-‘resting-bull-market’-in-gold,-silver-could-print-much-higher-gains

Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains

At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in the global banking system is at an all-time

Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains Read More »

silicon-valley-bank-failure-highlights-dangers-of-fractional-reserve-banking

Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking

After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look at what fractional-reserve banking is and why

Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking Read More »

mawson-infrastructure-group-launches-bitcoin-mining-operation-in-pennsylvania,-exits-australia

Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia

The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin miners, or approximately 12 megawatts (MW) of capacity. The new Mawson site is capable

Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia Read More »