‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change

At around 7:30 olen. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 ühiku kohta. Precious metals, or PMs, like gold and silver, also rose between 1.98% ja 2.12% USA vastu. dollar over the

Pakistan Banks to Use Blockchain Technology for KYC

Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and

Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian Hryvnia

Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using

Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023

The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority plans to

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. Aruande kohaselt, 2023 growth forecasts have been cut across the board, koos…

Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes

USA. 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

The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise

USA. Federal Reserve introduced another jumbo rate hike on Wednesday, nov. 2, 2022, by hiking the federal funds rate (FFR) kõrval 75 baaspunktid (bps). The American central bank said on Wednesday that the hike aims to curb inflation and

Hongkong esitleb digitaalse valuuta prototüüpi, Projekt Kuld

Hongkongi finantsasutused avalikustasid Hiina autonoomse territooriumi enda keskpanga digitaalvaluuta prototüübi Project Aurum. Kahetasandiline platvorm sisaldab pankadevahelise hulgimüügi ja jaemüügi e-rahakoti süsteemi, osalejad paljastasid. Hong Kong to Issue Retail

Ark Invest CEO Warns Rate Hikes Could Fuel a ‘Deflationary Bust’ in Open Letter to the Fed

Following the United Nations Conference on Trade and Development (UNCTAD) report that the U.S. Federal Reserve should stop raising rates, Ark Invest CEO Catherine Wood has published an open letter to the U.S. central bank asking the institution to stop raising