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  • Market Cap: $2,405,003,212,360.21
  • 24h Vol: $54,332,229,412.15
  • BTC Dominance: 56.55%

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Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says

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The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely available, Christine Lagarde assured during a discussion devoted to central bank digital currencies. Payment Cards […]

Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says Read More »

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

Leave a Comment / Asset Purchases, Bitcoin, Bond yields, Central Bank, Crypto Hacked, Cryptocurrency, economic analysis, economic data, economic growth, economic indicators, economic outlook, economic recovery, Economy, Ethereum, Fed, Fed Hike, Federal Reserve, Financial Markets, FOMC, FOMC statement, gold, Greenback, inflation, inflation rate, interest rates, jerome powell, market volatility, Monetary Policy, monetary stimulus, News, production, quantitative easing, rate hikes, silver, spending, Stock Market, unemployment rate / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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 »

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Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos

Leave a Comment / Bank Bailouts, bank collapses, bank runs, Banking institutions, Benchmark Rate, Bitcoin, Central Bank, credit markets, Crypto Hacked, Cryptocurrency, data latency, economic policy, Economics, Elon Musk, Elon Musk Fed, Ethereum, FDIC, Federal Reserve, financial risks, financial stability, interest rates, investment, Liquidity, long-duration assets, market value, Monetary Policy, Paul Graham, rate-hike campaign, recession risk, savings accounts, Silicon Valley Bank, Treasury Bonds, Twitter, U.S. banking sector, Wall Street, washington post, yield bills / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the country’s central bank. Musk insists that the U.S. Federal Reserve is operating with “way too much latency in their data,” and he insists that the central bank needs to drop the federal

Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos Read More »

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‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change

Leave a Comment / Bailouts, Bank Term Funding Program, Benchmark Rate, Bitcoin, Central Bank, Covid-19 pandemic., credit suisse, Crypto Hacked, Cryptocurrency, Dovish, Ethereum, Federal Reserve, financial contagion, First Republic Bank, gold, interest rate hikes, liquidity injection, market observers, Monetary Policy, Monetary Tightening, money printer, News, Phoenix Capital Research, Precious Metals, quantitative easing, Quantitative tightening, Signature Bank, Silicon Valley Bank, silver, Silvergate Bank, us banking system, US Dollar / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why specific assets like PMs and

‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change Read More »

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Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company

Leave a Comment / Bank Closures, bank collapse, bank customers, Bank Failure, bank insolvency procedure, Bank of England, Bank Run, Banking Crisis, Banking Industry, banking news, Bitcoin, BOE statement, BOE SVB UK, California Department of Financial Protection and Innovation, Central Bank, creditors, Crypto Hacked, Cryptocurrency, deposits, Ethereum, FDIC, financial sector, financial system, FSCS, hargreaves lansdown, Insolvency, liquidators, market analyst, Monetary Policy, News, rate hikes, Regulators, Silicon Valley Bank, Susannah Streeter, SVB, U.K. subsidiary, U.S. regulators, VCs, Venture Capital Funds, wire transfers / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch The ripple effect of the 16th largest bank in

Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company Read More »

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Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000

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This week, Bloomberg Intelligence senior macro strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance

Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000 Read More »

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US Inflation Remains Higher Than Expected, Raising Concerns Among Investors

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U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate. Inflation in the US Remains High, Causing Uncertainty in Markets Inflation in the United States exceeded expectations among analysts

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Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal

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The Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines Coinbase for Operating Without Registration De Nederlandsche Bank (DNB)

Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal Read More »

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Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023

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The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority plans to initiate in the first half of the year. Financial Authorities in Georgia Gear Up

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