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US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023
30.4.2023
After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them predict a 25bps rate hike will occur during...
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says
27.4.2023
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has...
Economist Peter Schiff Warns US Will Default on Its Debt — Raising Debt Ceiling Will Make Problem Worse
26.4.2023
Economist Peter Schiff has warned that the U.S. will default on its debt obligations. He further stressed: “All the bad stuff that they’re saying is going to happen if we don’t raise the debt ceiling is guaranteed to happen because we do raise the debt ceiling.” Peter Schiff on U.S. Debt Default...
Ethereum Price Can Hit $3,000 This Month, and Ecoterra Can Raise $3 Million – Time to Buy?
17.4.2023
The Ethereum price has dropped by a slight 0.4% today, although at $2,092, the leading altcoin remains up by 12.5% in the past week, following the successful rollout of the long-awaited Shanghai upgrade.
ETH is also up by 16.5% in the last 30 days and by 75% since the start of 2023, making it...
Police in Kosovo Seize Crypto Mining Rigs From Serbs
16.4.2023
Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan...
Here's Why Ethereum Price Can Reach $5k in 2023, and Love Hate Inu Will Raise $10 Million
15.4.2023
The primary token in the world’s largest smart contract ecosystem, Ethereum has topped $2,100 for the first time since May. Ethereum price blasted through resistance at $2,000 following a successful Shapella upgrade, previously referred to as Shanghai, on April 12.
Both Bitcoin and Ethereum have...
Metalpha to raise $100M to offer Grayscale Bitcoin products in Hong Kong
12.4.2023
Metalpha has secured $20 million out of the planned $100 million for its new fund from overseas Chinese investors, the CEO said
Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy
11.4.2023
Investment bank MPS Capital Services has warned that the U.S. economy will be in a recession by year-end. The firm’s strategist predicts that the Federal Reserve will raise interest rates by an additional 25 basis points, warning that the central bank’s monetary tightening “will...
Hong Kong-Based Fund Set to Raise $100 Million for Web3 Startups Amid City's Crypto Revamp
30.3.2023
A new Hong Kong-based fund is set to raise $100 million to invest in crypto companies as the city is accelerating toward its goal of becoming a global crypto hub with a more friendly regulatory stance.
The ProDigital Future Fund has already secured $30 million in commitments from major Asian...
Hong Kong fund plans to raise $100 million for crypto investment
30.3.2023
The new equity in Hong Kong will focus on the regional market and embrace Web3 startups
White House Says Biden Has ‘Confidence’ in Fed Chair Powell While Fedwatch Tool Predicts a 25bps Hike This Week
21.3.2023
With the Federal Open Market Committee convening on Wednesday and the recent financial troubles facing the U.S. banking system, White House press secretary Karine Jean-Pierre said President Joe Biden has “confidence” in Federal Reserve chair Jerome Powell. Meanwhile, according to...
Fed Preview: Powell Likely to Raise Rates by 25 bps Against Crypto Market's Hope for Status Quo
21.3.2023
The Fed will publish its rate decision and quarterly economic projections on Wednesday at 18:00 UTC. A half hour later, Powell will speak at the post-meeting conference, offering more cues about the path forward
Creators Behind Web3 Game Aavegotchi Raise $30M in Multi-Year Long Token Sale
20.3.2023
The sale, which began September 2020, ended Monday over concerns of the stability of the DAI stablecoin
Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps
17.3.2023
The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps (0.5%), fueled by the persistence in the inflation numbers reported by the bloc. Christine Lagarde, president of the institution, stated that the banking sector in Europe was resilient and that...
Ex-Ledger Chief of Staff manages to raise $2-3 million
17.3.2023
The Ex-Chief of Staff, Jean-Michel Pailhon, has managed to raise for himself the amount of $2-3 million from soft commitments that have been made by private bankers, as well as family offices. However, the total amount that he actually requires to raise happens to be $25 million. This is...
Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’
16.3.2023
Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble and a run on the bank. The Swiss banking giant has also identified “material weaknesses” in its financial reporting controls. Its shares plunged on Wednesday...
Billionaire ‘Bond King’ Jeffrey Gundlach Expects Fed to Raise Rates Next Week — ‘That Would Be the Last Increase’
15.3.2023
Billionaire Jeffrey Gundlach, aka the “Bond King,” expects the Federal Reserve to raise interest rates at its March meeting next week, which “would be the last increase,” he said. In addition, Gundlach cautioned: “The inflationary policy is back in play with...
Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System
14.3.2023
Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal Open Market Committee (FOMC) meeting in March after the central bank announced...
Steve Forbes Says the Fed Is ‘Inflicting Unnecessary Pain’ With Interest Rate Hikes
10.3.2023
Media mogul Steve Forbes, chairman of Forbes Media, has warned that the Federal Reserve is “inflicting unnecessary pain” on the U.S. economy with its interest rate hikes after Fed Chair Jerome Powell said the Fed is prepared to raise interest rates at a faster pace. He also pointed...
Former Jane Street, PIMCO traders raise $15M for ZK proof-of-solvency protocol
9.3.2023
The team said it has already lined up clients, including CoinList, Bitso and TrueUSD