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Turkish Lira Plunges to Record Low a Day After Central Bank’s Interest Rate Policy U-Turn
25.6.2023
The Turkish lira fell to 25.74 per dollar just under a day after the central bank hiked interest rates for the first time since 2021. Although the rate hike decision was widely anticipated, the increase still fell short of the 21% that some analysts had predicted. Turkish Lira Down 21% Since...
Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency
25.6.2023
The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark bank rate to 5%, marking a significant 0.5 percentage point increase. This decision catapults the central bank’s rate to its highest level since 2008 and represents the most substantial surge...
Final Fantasy XVI: 8 Useful Settings To Adjust For The Best Experience
23.6.2023
The latest in the legendary series of Japanese role-playing games, Final Fantasy XVI features a very different tone in both story and combat. And with a vast story covering complex fictional political plotlines, it can all be a little overwhelming. The good news, however, is that Final Fantasy...
Solana-Based Crypto Lending Platform Jet Pivots to Fixed-Rate Term Lending
22.6.2023
The project's new model uses an order book to match borrowers and lenders, relying on a market-based mechanism to set interest rates
Valkyrie Funds Joins Race for SEC Approval as It Files Application for Spot Bitcoin ETF
22.6.2023
On Wednesday, Valkyrie Funds, a Tennessee-based asset manager offering a bitcoin futures exchange-traded fund (ETF), a defi fund, and a bitcoin mining industry ETF, filed with the U.S. Securities and Exchange Commission (SEC) for the launch of a spot bitcoin ETF. SEC Flooded With Spot Bitcoin...
Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’
21.6.2023
Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressures continue to run high, and the process of getting...
Struct Finance Rolls Out Customizable Interest Rate Product for DeFi Users
21.6.2023
The product will allow for traders to invest with both low and high risk appetites
Anticipation Builds as US Central Bank Eyes Two More Rate Hikes, Targeting 5.6% by Year-End
20.6.2023
After the U.S. central bank refrained from boosting interest rates last week, investors now anticipate two more hikes that may elevate the federal funds rate to 5.6% by the year’s end, climbing 50 basis points (bps) from its present level. CME’s Fedwatch tool indicated on Tuesday that...
Bitcoin Holds Steady as China Rate Cut Fails to Encourage Risk Taking
20.6.2023
The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy
Fed rate pause triggers traders’ pivot to stocks — Will Bitcoin catch up?
19.6.2023
U.S. stock markets hit year-to-date highs, the Fed pauses rate hikes, Binance.US and the SEC reach an agreement, but data shows Bitcoin bulls remain somewhat skittish
Goldman Sachs: Markets Too Optimistic About Inflation Cooling
19.6.2023
Goldman Sachs’ strategists have cautioned that markets seem to be more optimistic than they are about the pace of inflation’s decline. “Although we expect further declines in inflation going forward, markets appear considerably more optimistic than we are about the pace of cooling,” they...
First Mover Asia: Bitcoin Slips Back to $26.3K in Weekend Trading as Investors Weigh Potential Interest Rate Decisions
19.6.2023
The largest crypto by market cap benefited from last week's pause in interest rate hikes, but a market analyst suggests that cuts may be necessary for prices to rise significantly in the future. ALSO: Indonesia updates its list of digital assets approved for trading in the country
Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules
18.6.2023
The Nigerian currency’s official exchange rate versus the greenback recently plunged to NGN634 per dollar from just under NGN470 per dollar. The central bank’s decision to allow the naira to “float” came a few weeks after Nigerian president Bola Ahmed Tinubu pledged to end...
Economist Peter Schiff: US Dollar Decline Will Be ‘Far Greater’ Than Yellen Warns — Fed Chair Powell ‘Clearly Worried’ About Financial Crisis
18.6.2023
Economist Peter Schiff says the U.S. dollar decline will be “far greater” than what Treasury Secretary Janet Yellen has warned. “This portends a significant decline in our standard of living,” he cautioned. Furthermore, the economist stressed that Federal Reserve Chairman Jerome...
Economist Steve Hanke Warns of an ‘Ugly’ Recession Looming and Accuses Federal Reserve of Directionless Policies
17.6.2023
Steve Hanke, an economist and professor of Applied Economics at Johns Hopkins University, as well as a former member of Ronald Reagan’s Council of Economic Advisors, recently expressed his belief that the U.S. Federal Reserve is lacking direction and “doesn’t know what it is doing.” Hanke...
Bitcoin Price Outlook for June
16.6.2023
Halfway through June, crypto markets have been rocked by several macro factors, which have brought bears to return to action. Bitcoin has moved below $25,000 for the first time since March, as the Security and Exchange Commission (SEC) sued both Binance and Coinbase. The Federal Reserve has also...
MakerDAO Hikes DAI Savings Rate, Ousts Paxos Dollar, Curbs Gemini Dollar in Reserve
15.6.2023
The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted
Crypto Prices Crash as Investors Get Spooked by US Fed Rate Pause But These Coins are Bucking the Trend – Here's What You Need to Know
15.6.2023
Crypto prices have come under intense sell pressure this week, with investors spooked by the US Federal Reserve’s latest monetary policy announcement.
While the Fed paused its interest rate hikes, leaving the Federal Funds Target Range unchanged at 5.0-5.25%, the bank was hawkish on the interest...
Biggest Movers: MATIC Remains Near 11-Month Low, as Price Plunges by 9%
15.6.2023
Polygon moved closer to an 11-month low on Thursday, as crypto markets continue to react to yesterday’s United States Fed rate decision. The global market cap is trading 4% lower as of writing, as a wave of bears captured sentiment. Litecoin plunged to a three-month low today. Polygon...
Bitcoin Price Prediction as US FED Interest Rate Decision is Announced – Time to Buy?
14.6.2023
The Federal Reserve's decision to keep interest rates unchanged and their projection of potential rate hikes later this year have significant implications for the financial markets.
As the US central bank responds to a stronger-than-expected economy and a slower decline in inflation, investors...