The tech rebound is officially over after both Facebook owner’s disastrous earnings and a couple major central bank decisions paved the way for borrowing costs to continue to surge. The ECB’s hawkish shift opens the door for tightening this summer.  The BOE had four dissenters that wanted to double today’s rate increase.  Technology stocks are […]

Natural Gas The UK power regulator approved a 54% increase for prices starting on April 1st.  This follows the 12% price jump households saw in October.  UK energy companies can now pass along the rise in natural gas prices to consumers, which will punish 15 million that rely on floating rate pricing. It looks like in just […]

OANDA Senior Market Analyst Craig Erlam discusses EURGBP following the ECB and BoE meetings.

Immutable X avoided Thursday’s red wave, and was one of this week’s biggest crypto gainers, following news of a partnership with Gamestop. IMX climbed by over 35% today, with QNT also extending recent gains. As of writing, crypto markets were almost 4% lower. Biggest gainers Despite the bearish pressure on crypto markets this Thursday, there […]

Inflation has been rising in Canada, with December CPI hitting 4.8% y/y, a 30-year high. The Bank of Canada is keeping a watchful eye on inflation but has a new problem to worry about. With consumer inflation far above wage growth, there are increasing concerns that workers will demand higher wages and salaries in order […]

Bitcoin and ethereum saw recent losses extended on Thursday, as global cryptocurrency markets declined during today’s session. Solana was also in the red, trading nearly 15% lower today. Bitcoin Following Wednesday’s drop in prices, BTC/USD declined for the second consecutive session, trading 5.25% lower as of writing. This selloff saw prices hit an intraday low […]

Activity on the Tezos ($XTZ) network has exploded over the last few months as non-fungible tokens (NFTs) on it gain adoption and after the number of smart contracts within it tripled last year from about 200 to over 600. According to Coin Metrics’ latest “State of the Network” report, daily transactions on Tezos jumped in […]

Here is our pick of the 3 most important Stablecoin news stories during the week. Facebook exits the stablecoin business, or has it? This week the news was dominated by the news that Facebook has exited the stablecoin arena.  Or has it?    Certainly on the face of it (no pun intended) it looks like a clean […]

The post Stablecoin News for the week ending Wednesday 2nd February. appeared first on Daily Fintech.

On February 1, FINCI, a fintech firm based in Lithuania, announced a partnership with Nium, a global payments and cards issuance leader.

Cross Currency swap trading has transition quickly to USD SOFR and away from USD LIBOR in 2022. All of the currency pairs we look at show evidence of a transition to USD SOFR. Some markets are now trading RFR vs RFR Cross Currency Swaps. Most of the other markets now trade Term domestic rates vs […]

BCB Group, Europe’s leading provider of business accounts and trading services for the digital asset economy, announced today

The post LAB577 joins BCB Group  appeared first on Crypto-News.net.

Is it Libra or is it Diem, is it Facebook or is it Meta?  Hard to keep up with all the name and brand changes, but whatever way you look at it, the news just in about the sale to a US based VC called Silvergate for $200m represents a significant fail. To try and […]

The post Facebook Fail! appeared first on Daily Fintech.