Markets

Historically high-interest rates in the United States could “exacerbate” stress in an already shaky banking system, said a member of the Federal Reserve’s Board of Governors on Wednesday.  The governor also hinted that the central bank might decide not to raise its benchmark interest rate at the next Federal Open Markets Committee (FOMC) meeting, which could have implications for Bitcoin’s price. Rising Rates and Mounting Debt Fed Governor Philip N. Jefferson remarked on the...

Popular cryptocurrency exchange Bybit announced it will be exiting the Canadian market, citing recent regulatory developments in the country as the reason behind its decision. The move follows similar decisions made by other exchanges that ceased operations in the North American nation. Starting May 31, new account openings will be unavailable, while existing customers will have until July 31 to make further deposits and enter into new contracts. The company also promised...

Watch that little blue line on Google Trends for “bitcoin” hit the ceiling if the U.S. defaults on its debt. BTC might suffer at first as markets go risk-off, but could easily shine in another global financial crisis. House Republicans reached a tentative deal with President Joe Biden’s White House over the Memorial Day Weekend. The deal would help raise the debt limit imposed by Congress on federal borrowing. But it isn’t yet assured. House Democrats are unhappy with some of...

Binance – the world’s largest cryptocurrency exchange – has confirmed that its “reevaluating” its talent base following an external report that the firm plans to lay off roughly 20% of its workforce next month.  The report presents a stark contrast to Binance’s position of strength last year, having stood out among industry leaders for continuing to expand during the bear market.  Binance to Cut Workers On Wednesday, popular Chinese crypto reporter Colin Wu said he’d...

[PRESS RELEASE – London, United Kingdom, May 31st, 2023] Marking a seismic shift in the digital asset landscape, DeFi platform Bumper today unveiled the findings of their comprehensive simulation, exhibiting new pricing efficiencies over traditional options desks ahead of the protocol launch in August 2023. This report delineates a milestone in financial technology, showcasing an altogether new financial instrument that consistently outperforms existing options desks in...

Nansen has promised to work assiduously with its remaining team to ensure they provide the best services to their customers as well as build the best workplace in crypto. Nansen, a leading startup in the blockchain technology industry, has recently announced a significant reduction in its workforce. The news of the 30% cut in blockchain data analytics firms has caused quite a stir in the industry, with many speculating on the reasons behind the decision. According to the blockchain...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up At the time of writing, the price of bitcoin – the world’s number one digital currency by market cap – has fallen towards $28K, about $2,000 less from where it was just a few weeks ago. During that period, the currency rose to about $30K for the first time in about ten or 11 months, giving everyone the feeling...

Coinbase CEO believes China might be looking to directly displace the US dollar from its role in global commerce. Coinbase CEO Brian Armstrong has recently shared his thoughts on cryptocurrencies and the approach of the United States toward the special asset class. He admits that recent happenings around the world of cryptocurrency have made it necessary for policymakers to be more hostile toward crypto. However, he also says that America should not lose sight of the fact that crypto may...

Wood’s Ark Innovation ETF has dropped more than 10% from its peak in early February, while the Nasdaq 100 Stock Index has climbed up by 12% in the same time frame. Cathie Wood, the renowned founder and CEO of ARK Invest is making headlines for stating that software stocks are the next big bet in the Artificial Intelligence (AI) world, following the success of Nvidia Corporation (NASDAQ: NVDA). During an interview with Bloomberg TV, Wood noted that while Nvidia is likely to perform well in...

[PRESS RELEASE – Dubai, United Arab Emirates, May 31st, 2023] In a defining moment for green real estate investment accessibility, Qlindo, the innovative project making waves in sustainable investing, announces its listing on the MEXC Exchange on May 31, 2023. Prior to this exciting development, Qlindo carved a niche of reliability and impact in the green real estate and energy sector. From successfully completing an audit by CERTIK, one of the most respected auditing firms...