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Tag: federal reserve

Weekly Market Wrap: Bitcoin falls below US$20,000 as Silvergate collapse, rate hike concerns rise

Bitcoin, the world’s largest cryptocurrency by market capitalization, fell 10.98% in the week from March 3 to March 10, to trade at US$19,941 at...

Crypto Market’s Outlook for Next Week: Is a Severe Crash Waiting for Traders?

The crypto market has witnessed a severe plunge this week, and traders are now wondering if the market has reached its bottom or if...

Christopher Waller Really Doesn’t Care for Crypto

Christopher Waller is the Federal Reserve board governor. In a recent interview, he made it clear he’s not a fan of the digital currency...

The dollar firmed on Friday. How is the sterling trading?

The U.S. dollar steadied today after fluctuating wildly over the last several sessions. Forex markets were volatile this week while investors anticipated U.S. payroll...

More than $70 billion wiped off crypto market in 24 hours as bitcoin plunges 8%; sinks to a new low of $19,600

After several weeks of good news, Bitcoin experienced a significant drop on Friday and fell below the $20,000 mark, hitting a low point not...

Stock futures edge lower due to Fed’s long-term plans

Stock futures edged lower on Friday morning as investors looked for signs of future work on how the Federal Reserve might fare in the...

Opportunities for fintechs mount as banks further transform digital back-end, payments: report

Making processes more accessible, faster, and more efficient: It’s something any business wants to take advantage of regardless of the times. When a global...

Update: Silicon Valley Bank taken over by regulator

The California Department of Financial Protection and Innovation says it has taken possession of Silicon Valley Bank and appointed the FDIC as receiver,...

USD/JPY Price Analysis: BoJ Holds Rates at Last Policy

The BoJ maintained policy during Governor Haruhiko Kuroda’s final policy meeting. The number of Americans who filed for unemployment benefits surged last...

Asian Stock Market: Catches cough as S&P500 dives, BoJ Kuroda maintains dovish stance

Share: Asian stocks are heavily punished as S&P500 was dumped heavily on Thursday. The headline of China’s XI Jinping selection for...

Bitcoin, Ether slump in broad sell-off amid Fed red flags on rates, Silvergate Bank failure

Bitcoin fell to near the US$20,000 support line in Friday morning trading in Asia, while Ether and all other top 10 non-stablecoin cryptocurrencies slid...

Congressman Warns Digital Dollar Could Expand ‘Financial Control’ Over Americans

Republican House Majority Whip Tom Emmer (R-MN) warned against a central bank digital currency (CBDC) Thursday, assailing the technology as an affront to American...

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