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Chinese State-Owned Banks Cut Dollar Deposit Rates — Dismiss Government Influence Claims
9.6.2023
Major Chinese state-owned banks have lowered interest rates on U.S. dollar deposits. However, they reportedly dismissed claims that the moves were influenced by the Chinese government, stating that the rate cuts were market-driven. Chinese Banks Reduce Dollar Deposit Rates Major Chinese state-owned...
SEC Chair Gensler’s Alleged Past Interest in Advising Binance Surfaces Amidst Legal Battle
8.6.2023
Lawyers for Binance claim that current U.S. Securities and Exchange Commission (SEC) chair Gary Gensler once sought to become an advisor for the exchange back in 2019. This purported application occurred while Gensler was teaching at the Massachusetts Institute of Technology (MIT) and coincided...
Rollman Mining Marks Its Ascent as the World’s First Provider of Professional Bitcoin Mining for The Everyday Retail and Institutional Investor
5.6.2023
PRESS RELEASE. Tallinn, Estonia, June 5, 2023 – With continued rising interest in bitcoin as an asset class, the everyday investor keen on participating in institutional-grade bitcoin mining can now tap into the world’s first provider of these specialised services with Rollman Mining....
Bitcoin Interest Hits Rock Bottom: Google Trends Data Shows Lowest Score in 7 Months
5.6.2023
According to Google Trends, worldwide interest surrounding the term “bitcoin” has plummeted to its lowest point since October 2022, registering a mere 17 out of 100. The active interest for the term has taken a nosedive since June 2022, when the search query for bitcoin reached...
Blackrock CEO Larry Fink Says US Is Jeopardizing Dollar’s Reserve Currency Status
5.6.2023
The CEO of the world’s largest asset manager, Blackrock, has warned that the United States is jeopardizing the U.S. dollar’s reserve currency status. He noted that the debt ceiling debate, risk of national default, and possible credit rating downgrades are “destabilizing” factors...
Coinbase Expands Futures Offering, Unveils ‘Institutional-Sized’ Bitcoin and Ether Contracts
4.6.2023
On June 1, Coinbase revealed its plans to extend bitcoin and ether futures contracts to institutional investors through its derivatives exchange. The firm mentioned that the Coinbase Bitcoin (BTI) and Ether (ETI) futures contracts would be accessible via third-party institutional futures commission...
Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July
3.6.2023
Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per the CME Fedwatch tool, there is a 74% likelihood that...
Interest in InQubeta & Fetch.ai surged as ChatGPT announced its listing on Apple app store
2.6.2023
The announcement of ChatGPT’s official listing on the Apple App Store has sparked a surge of interest in AI projects like InQubeta (QUBE) and Fetch.ai (FET). With the release of the ChatGPT iOS app, users can now access the powerful AI chatbot directly on their iPhones, eliminating...
Wealthy Investors and Family Offices Embrace BTC Following Bank Failures, Says Swan Bitcoin Executive
2.6.2023
According to Steven Lubka, the head of private clients and family offices, as well as the managing director at Swan Bitcoin, wealthy investors and private offices have been gravitating towards bitcoin since the downfall of Silicon Valley Bank (SVB). Lubka stated that his firm has also observed...
Russians Warned Against Saving in Crypto Amid Declining Savings in Foreign Fiat
1.6.2023
A government official in Moscow has advised Russians to avoid cryptocurrencies now when interest in foreign fiat currencies is declining in the country. The high-risk assets are not suitable for the savings of most people and make sense only for investments by rich people, his comments suggest....
New Nigerian President Slates Central Bank’s Interest Rate and Currency Demonetization Policy
31.5.2023
The new Nigerian president Bola Ahmed Tinubu has deplored the Central Bank of Nigeria (CBN)’s aggressive interest policy which he has reportedly labeled “anti-people” and “anti-business.” Tinubu also announced the scrapping of a fuel subsidy which has been in existence...
Bitcoin Recedes to $27K as Fed's Mester Favors Unabated Tightening
31.5.2023
"I don't really see a compelling reason to pause rate hikes," Fed's Master said, validating the recent hawkish repricing of interest rate expectations in the U.S
Gemini and Genesis Fight Back Against SEC Lawsuit, Seek Dismissal of Allegations
29.5.2023
Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities. Gemini and Genesis...
South African Rand Plunges to New Low After Benchmark Interest Rate Is Raised to 14-Year High
29.5.2023
The South African fiat currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of 19.7640 per dollar on May 25 just moments after the South African Reserve Bank raised the benchmark interest rate to its highest since 2009. Although the currency has since made some...
Makerdao Considers Significant DAI Savings Rate Hike: 3.3% on the Horizon, If Vote Passes
28.5.2023
The Makerdao collective is currently immersed in a discussion about the potential rise of the DAI stablecoin’s savings rate to 3.3%. This suggestion was introduced by Block Analitica and revealed to the community on May 26 under the title “Stability Scope Parameter Changes #2.”...
Market Outlook: CME Fedwatch Tool Points to Increased Chance of June Rate Hike
26.5.2023
According to the CME Group Fedwatch tool on Thursday, there was a 51% probability of a quarter-point rate increase during the upcoming Federal Open Market Committee (FOMC) meeting on June 14. Just a fortnight ago, the Fedwatch tool indicated a slim possibility of the federal funds rate reaching...
Are investors losing interest in Bitcoin? Avorak suggests yes
26.5.2023
The recent market data analysis by some quarters notes a declining investor interest in Bitcoin, fueling speculation that it’s ceding ground to emerging low-cap utility altcoins. Avorak Trade, through its advanced algorithms, affirms a waning Bitcoin interest. The explosion in new meme coins...
Debt ceiling crisis: Best practices to navigate this market
25.5.2023
Join us as we discuss the current U.S. debt ceiling crisis and what it means for Bitcoin and the crypto market
Silver Set to Shine: Citigroup Analysts Forecast $30 Value in Next 6-12 Months
25.5.2023
Citigroup analysts foresee a significant increase in silver’s value, potentially hitting $30 per unit within the next 6-12 months, according to the multinational bank’s latest silver assessment. The experts at Citi predict an ongoing decline of the U.S. dollar and anticipate a decrease...
Binance Pay sees growing interest in Africa, South Asia and Independent States
25.5.2023
Three major markets are adopting Binance Pay as a means to make cryptocurrency-based payments for everyday goods and services