Tag Archives: News

Economists predict the US Treasury’s forthcoming debt issuance will hit $1 trillion and may eventually cause economic stiffness. US President Joe Biden’s assent and signing of the bill suspending the federal debt ceiling will trigger new debt issuance. Already, observers expect the Treasury Department to sell $1 trillion worth of debt. On Saturday, President Biden officially signed the bill, which removed the US debt ceiling until Jan 1, 2025. Biden’s signature followed a relatively...

The goal of this project will be to settle dollar trades in real-time which is significantly faster than the current settlement periods of a few days. Banking giant JPMorgan has partnered with six Indian banks to settle interbank dollar transactions over a blockchain platform in the country’s newest international financial hub of GIFT City. JPMorgan has joined hands with some of the top private-sector Indian lenders such as HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Yes Bank Ltd.,...

IMF director Kristalina Georgieva highlighted the stability of lending while urging the US Federal Reserve to consider further actions in response to an uncertain economic climate. In a recent interview with CNBC, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), said that lending remains strong despite the uncertain economic environment affecting banks. Georgieva’s remarks come as a reassuring voice amid concerns over the stability of lending in the...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Stellar lumen price started a downside correction from the $0.0945 zone against the US Dollar. XLM price is now trading above $0.090 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.0916 on the 4-hour chart (data feed via Kraken). The pair could...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ripple price is facing resistance near the $0.550 level against the US dollar. The price is now trading above $0.50 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.5280 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up North Korea is back in the news when it comes to crypto. It appears the country just won’t go away and is still doing all it can to get its paws on illicit digital currencies, but countries like the United States are fighting back. North Korea Is At It Again It has been revealed that the Justice Department...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A company called The Fision is using blockchain to create new apparel. T-shirts, to be precise. The firm creates the shirts and sends them out to potential buyers. The big clincher is that they’re made only from trustfully sourced cotton, and blockchain technology is utilized to ensure that all the shirts sent...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up David Marcus – the former PayPal executive who worked on Facebook’s failed Libra project – believes that after everything that’s happened over the past two years, that bitcoin will still be the face of both money and payments in the future. David Marcus Sees the Promise in BTC Marcus, in a recent interview,...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ever since the Shapella upgrade, it appears more institutions are interested in Ethereum. Ethereum Is Getting Way More Attention Ethereum is the world’s second largest digital currency by market cap and the primary competitor to bitcoin. Not long ago, the asset rose beyond the $2K mark for the first time in...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up After receiving a hardcore message of gloom and doom earlier today, it appears not everyone is worried about the state of crypto, and some – such as Standard Chartered – believe assets like bitcoin are well on their way to reaching new highs and the tops of the world’s financial ladders. Standard Chartered on...