Dollar Tumbles, Stocks Soar, as Fed’s Powell Signaled Slowed Rate Hikes in December

Fed Chair Jerome Powel revealed a possible rate-hike pace slowdown. Powell’s speech saw stocks rallying as the dollar tanked. Fed to execute a 50 basis points rate increase in December. It was Fed Reserve’s Chair Jerome Powell to move the financial markets once again. The highly awaited Brookings Institution’s Wednesday speech saw Powell signaling that … Read more

FTX Accumulates More Loss, Files For Bankruptcy

The collapse and crash of the FTX cryptocurrency exchange are one of the most shocking events in the cryptocurrency space in 2022. The centralized exchange gave hints about its struggle with the market’s liquidation in the past few months. Unexpectedly, the exchange platform banned fund withdrawal (a precursor step most crashing companies take). Few days … Read more

Crypto Markets Wobble As Binance Withdraws From FTX’s Bailout

Gloominess hits the cryptocurrency market on Thursday as news of Binance backing out of FTX’s buyout airs. Bitcoin traded at a record low during the wee hours of the day. This came about because investors were worried that the seemingly Terra-like implosion of FTX could switch the market into selling mode.  FTX Warns Against Deposits … Read more

BOJ Considers Future Effects Of Waiving Dovish Policy

According to a survey conducted on Tuesday, the Bank of Japan (BOJ) is beginning to assess the impacts of its long-standing ultra-low monetary policy. Likewise, it plans to analyze the possible influence transitioning from the protocol may have on Japan’s economy.  BOJ Investigates The Marks Of Relinquishing Its Monetary Policy Japan’s central bankers have recently … Read more

CoinFund Set To Support Growing Crypto Companies With $250M

CoinFund To Invest In Startup Crypto Companies Coinfund, a United States-based investment company, revealed its intentions to offer unlicensed securities valued at $250M, raising capital for increased investments in crypto firms. This report was according to three papers the company submitted with the country’s exchange and security agency, SEC. According to details from market regulators … Read more

Fed’s Rate Hikes Threaten Japan But Not With A Recession

According to a survey, Japan is prone to pitfalls due to Fed’s constant rate lifts. One can be noted in its currency delving drastically against the USD. However, the third leading global economy is unlikely to slide into a recession.  Federal Reserve Rate Raise Affects Japan Japan continues toiling to get the Yen thriving versus … Read more

Stocks And Bitcoin Edged Higher On Fed Pivot Speculation

Bitcoin rebounded swiftly after a sharp decline to $18,700. The asset was last seen trading at $19,121. Stocks equally trailed upward, recording gains of 1.5 percent, despite opening low at 0.3 percent.  Why Are Assets On The Rise? Nick Timiraos, dubbed Fed’s mouthpiece by ZeroHedge, shared his opinion on the possible reason behind the market’s … Read more

ECB Intensifies Hawkish Stance Amid Crypto Market Decline

The crypto market is currently in a bearish trend due to the woeful performance of the broader industry, with the global macroeconomic environment appearing grim. ECB Mulls Interest Rate Hike The United States Federal Reserve has taken aggressive action against soaring inflation. The Fed has continuously raised interest rates to more than 50 basis points, … Read more

Australia Opts For “Smaller Increase” Amid Global Central Banks Jumbo Hike

As the global economy struggles to stay afloat following a series of interest rate increases to battle skyrocketing inflation, Australia is toeing a different path from the rest of the world. Finding a Balance with Small Rate Hike In a surprising move, the Australian central bank has pushed for a ‘smaller’ rate hike in early … Read more

Russia Records Surge In Stablecoin Usage Following Renewed Conflict

The latest report from the blockchain analytics firm Chainalysis shows that Russia is experiencing a spike in stablecoin adoption after its latest military offensive against Ukraine as the country groans under international sanctions. A Rise in Stablecoin Transactions The Chainalysis report revealed that the transaction volume of stablecoins in Russia jumped to 67% in March … Read more

USD Shows Recovery As Pound Retreats Amid U.K. Government Tax Plan

The United States dollar regained its previous rally in the early hours of the European trading session on Friday following the release of another sizzling inflation metric. A Different Direction Meanwhile, the British Pound tumbles from its previous gains as speculations are rife as to the next course of action by the U.K. government. According … Read more

Pound Sterling Plunges As Bank Of England Hints At End To Bond Buying

The BOE has hinted at the possible end of its emergency bond-buying following the two-week intervention to shore up the financial market. BOE to End Rescue Efforts on Friday According to a report from the Financial Times quoting insider sources, the BOE has disclosed its readiness to extend its emergency bond purchase to Friday. Meanwhile, … Read more