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Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes


The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate...

Crypto Exchange Bitfront Shuts Down Amid Industry Challenges


Cryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. The U.S. trading platform, backed by Japan’s social media giant Line, indicated the decision is unrelated to the collapse of FTX. Line-Supported Digital...

Crypto Lender NEXO Faces Cease-and-Desist Order From California


All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California.  The desist-and-refrain order which was filed by California's Department of Financial Protection and Innovation (DFPI) alleges that Nexo has offered and sold "unqualified securities"...

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