Tag Archives: News

According to the Swiss National Bank, additional interest rate hikes should not be ruled out in the mid to long term. The apex bank of Switzerland, the Swiss National Bank (SNB) has announced its latest interest rate hike by 50 basis points or 0.5%. According to the press release published by the SNB earlier today, the benchmark interest rate is now pegged at 1.5% in what the regulator tagged as its attempt to stem the soaring inflation rate. “The SNB is tightening its monetary policy...

Those violating the law could be sentenced to up to two years in jail as well as a fine of 30,000 euros, in addition to losing their social media accounts. On Wednesday, The French National Assembly’s Economic Affairs Committee addressed crypto-related advertisements and promotions in France made by social media influencers. It was agreed that such activities should be banned in order to protect consumers from potential risks. The proposal has been added to Bill no. 790 which aims to...

Financial powerhouse JPMorgan will acquire Aumni for the data platform’s value at its last fundraising in 2021.  Banking giant JPMorgan appears set to acquire leading venture and private markets investment data platform Aumni. Yesterday, the New York-based multinational financial services company announced a definitive purchase agreement with Aumni. Although JPMorgan did not disclose financial terms, the bank expects to pay the data platform’s value at its last fundraising in 2021. This...

EOS price started a downside correction from the $1.200 resistance against the US Dollar. The price is now trading below $1.15 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1.150 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $1.150 and $1.20 resistance levels. EOS price is declining from $1.200 against the US Dollar, similar...

Litecoin started a steady increase above $78 against the US Dollar. LTC price is now trading above $85 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance at $85 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $88 and $90 resistance levels. Litecoin price is showing positive signs above $85 against the US Dollar, similar to bitcoin. LTC...

Irrespective of its current leanings, the Federal Reserve will implement additional rate hikes to correct the strain that is still being felt in the economy by the average consumer. The United States Federal Reserve through the Open Market Committee (FOMC) has increased its interest rate by 25 basis points (0.25%). The rate hike was as expected and it was implemented despite the recent bank failures that have caused a crisis of confidence in the financial sector. The days leading up to...

No doubt the FTX debacle and the arrest of its founder and chief executive Sam Bankman-Fried will go down as some of the biggest problems to ever strike the crypto space, but according to a new report, it appears the damage caused by FTX and its irresponsible (and selfish) employees may have been even greater than what analysts initially thought. The Trouble Surrounding FTX Might Have Done More Damage The document in question suggests that as much as $200 billion was...

Leading bank Goldman Sachs has deployed ChatGPT-like AI products for developers to experiment with code development. Goldman Sachs (NYSE: GS) is reportedly using in-house artificial intelligence (AI) to assist developers with writing code. A top executive at the New York-based banking giant revealed this to the public. According to Goldman Sachs chief information officer Marco Argenti, the AI development is currently in a “proof of concept” stage. Argenti further stated that Goldman Sachs’...

Last year, a company called Classic Parade announced it was going to let crypto fans rent their classic cars using crypto. Now, the company is taking things a step further by introducing a brand new digital currency payment system. Classic Parade Continues Its Crypto Journey Based in the United Kingdom, Classic Parade offers a wide array of classic and luxury vehicles individuals can rent. Andrew Brown – the founder and owner of Classic Parade – explained in a recent...

The transition of the MultiVersalME brand has already begun and is expected to be completed by the end of this first quarter. Emerging Web 3.0 startup MetaMetaverse has announced its new brand identity dubbed MultiVersalME, a move it believes will capture the scope of its innovation as a global metaverse brand. According to a press release shared with Coinspeaker, MultiVersalME will be making its debut with a completely new website and theme. According to the firm, its users can now access...