Ellis Mason

Wall Street Gets the Fed’s Memo on Rate

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The stock markets are finally listening to the Federal Reserve’s Chairman, Jerome Powell. According to everyone’s anticipation, the Federal Reserve raised the interest rates on Wednesday by 75 basis points after raising it by the same figure two times prior. Powell and other fed officials went further to raise expectations of more interest rate increases … Read more

Coinbase Gains Netherlands Central Bank Operation Approval

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Coinbase, a United States based cryptocurrency exchange company, got approval to operate in the Netherlands by the Central Bank of Netherlands, De Nederlandsche Bank. Coinbase, a prominent crypto exchange company in the United States, furthered its expansion mission across Europe as it earned its recent approval for operation in Holland.  On the 22nd of September … Read more

Tether Compelled to Document Its USDT Backing by New York Judge

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A New York court agreed with the plaintiffs’ demand to provide significantly important documents that would aid the fraud case. A New Court Order A judge in the US district court in Southern New York, Justice Katherine Failla, has ordered Tether to provide evidence for 1-to-1 support of its stablecoin, the Tether. The court now … Read more

ETHPoW Token Surges By 30% As Binance Finishes Distribution 

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On September 20th, Binance announced on Twitter that it has finished distributing EthereumPoW tokens to holders. Meanwhile, the token has increased by over 30% After crashing last week. ETHW Increases By Over 30%  This announcement by Binance is perhaps responsible for the 30% hike in the token’s price. ETH PoW (ETHW) has been trading in … Read more

UN Launches First International Finance Facility For Education

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On Saturday, the United Nations Secretary-General, Antonio Guterres, and Gordon Brown, his global education diplomat, introduced a billion-dollar education funding. The project, dubbed the International Finance Facility for Education (IFFEd) will provide educational funding for children in lower-income nations. UN Introduces Finance Facility For Education In Low-Income Countries  Meanwhile, the first projects the funding is … Read more

US Stocks Sink This Week After Hitting Rock Bottom In June

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The US stocks market plummeted this week, recording the work drop since the market hit bottom in June. This is mainly due to mounting anxiety over excessive Fed interest-rate rises and FedEx Corp.’s alert. Major Selloff In US Stock Market  The S&P 500 declined for three consecutive days this week, falling to about 5%. However, … Read more

Thailand Bans Crypto Lending and Staking Services

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Thailand’s Security and Exchange Commission is finalizing preparations to ban crypto service providers from providing lending and staking services to crypto users in the country. According to local media in the country, the financial regulator is starting to clamp down on crypto asset service providers on the back of the collapse of crypto lending firms … Read more

ECB Picks Five Firms To Develop Digital Euro Prototype

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According to a Friday statement, the European Central Bank (ECB) has selected five firms to assist in developing user interfaces for a future digital Euro. The ECB intends to conduct experiments to see how effectively the technology underpinning the digital Euro can combine with the user interface design built by enterprises. Amazon Among Companies Chosen … Read more

Increased Rates Could Lead To Global Recession – World Bank

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The World Bank has given a warning to central banks recently. The financial body stated that the present trend of interest rate increases might not be adequate to prevent a worldwide recession next year.  World Bank Warns Of Impending Recession  Recently, the organization conducted an analysis. The result revealed that if supply shortages and labor … Read more