Interest Rate Hike
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UK's Unemployment Rate Rises To Nearly A Four-Year High
Britain's unemployment rate climbed to 4.7 percent in the three months to the end of May, the highest level since June 2021. That compared with 4.6 percent in the February-April period.
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EPFO Hikes Interest Rate On Deposits To 8.25% From 8.15%
Retirement fund body EPFO has hiked the interest rate on employees provident fund (EPF) deposits for 2023-24 to 8.25%, a three-year-high.
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Apple Shares Weaken After Warning of Dull Holiday Quarter
Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.
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Crypto Price Today: Bitcoin Price Tumbles Shortly After Seeing Gains, Most Altcoins Trade in Losses
The crypto market valuation cascaded by 1.79 percent in the last 24 hours. Minor losses struck Bitcoin and Ether along with most of the top ten cryptos by market capitalisation today. The market situation may change after US Federal Reserve Chair Jerome Powell’s speech on Friday. Investors are expecting an end to the rate hike cycles, which may i...
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Bitcoin Sinks to $26,000 Mark First Time Since June, Most Cryptocurrencies Record Losses
The crypto market cap, in the last 24 hours, dropped by 7.29 percent. Bitcoin and Ether both registered losses of around seven percent on Friday. Most cryptocurrencies tagged behind the top two coins into the loss-ridden part of the crypto chart.
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Crypto Market Watch: Bitcoin, Ether See Small Gains, Lift Most Altcoins Up the Price Ladder
The overall crypto market valuation rose by 0.54 percent in the last 24 hours. While Bitcoin and Ether grew in prices with small profits, Dogecoin fell off its high horse now that the initial excitement around Twitter’s re-branding to X seems to have worn off. The US federal reserve, meanwhile, has announced another interest rate hike, taking the...
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Indian Shares, Rupee Set To Open Higher After Fed Hikes Interest Rate
Indian shares and the rupee are expected to open marginally higher today helped by the US Federal Reserve policy raising its benchmark lending rate.
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Crypto Market Watch: Loss-Ridden Bitcoin, Ether Impact Pricing of Most Altcoins
Bitcoin and Ether, along with most other cryptocurrencies, stepped into the last week of July reeling under losses. Stablecoins like Ripple, Binance USD, and USD Coin recorded losses alongside Cardano, Polygon, and Shiba Inu. The US may get news about another interest rate hike later this week, due to which most cryptocurrencies have failed to mint...
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Crypto Market Watch: Loss-Ridden Bitcoin Trades at $25,000, Major Cryptocurrencies Record Price Drops
The overall valuation of the crypto sector incurred a loss of 3.42 percent in the last 24 hours. All of the top ten cryptocurrencies by market valuation are trading in losses on Thursday, June 15. The US Federal Reserve, in its latest update said that it will maintain the risen interest rates and also cautioned about potential future rate hikes to ...
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US Federal Reserve Pauses Rate Hikes But Signals More Tightening Ahead
The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating that another sharp increase could be needed before year-end.
-
Large Withdrawals by Crypto Whales Responsible for US Banking Crisis: Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago has blamed the downfalls of BlockFi, Celsius, FTX, Genesis (in partnership with Gemini), and Voyager Digital major reasons behind the ongoing banking crisis in the US. Several crypto firms laid off staff members while the others filed for bankruptcy last year, leading to the outflows of large crypto investments.
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IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
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Bitcoin Hovers Close to $28,900, Stablecoins Dip After the US Announces Another Interest Rate Hike
The overall crypto market grew by 1.65 percent in the last 24 hours. Bitcoin and Ether among other altcoins like Solana, Polygon, and Polkadot saw small gains as a testimony to people’s increased interest in cryptocurrencies after back-to-back collapses of traditional banks in the US. Stablecoins however, did see losses after the US announced ano...
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Bitcoin, Ether Fail to Retain Profits Amid US Mulling Another Interest Rate Hike, Altcoins Suffer Too
The overall crypto market valuation dropped by 1.50 percent in the last 24 hours. Bitcoin and Ether recorded minor daily losses and lost their momentum. Amid the US banking crisis deepening and the country mulling another interest rate hike, most altcoins recorded losses than gains on Tuesday. These include most stablecoins as well as mainstream cr...
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Circle Pay CEO Backs Stablecoin Legalisation in the US Amid ‘Accelerating De-Dollarisation': All Details
Jeremy Allaire, the CEO of stablecoin issuer Circle Pay has stressed that the US must get serious about considering stablecoin legalisation. He has suggested that the Federal Reserve introduce a digital dollar soon into its existing financial system and ‘capitalise on the high demand’ of stablecoins like USDC.
-
UK's Unemployment Rate Rises To Nearly A Four-Year High
Britain's unemployment rate climbed to 4.7 percent in the three months to the end of May, the highest level since June 2021. That compared with 4.6 percent in the February-April period.
-
EPFO Hikes Interest Rate On Deposits To 8.25% From 8.15%
Retirement fund body EPFO has hiked the interest rate on employees provident fund (EPF) deposits for 2023-24 to 8.25%, a three-year-high.
-
Apple Shares Weaken After Warning of Dull Holiday Quarter
Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.
-
Crypto Price Today: Bitcoin Price Tumbles Shortly After Seeing Gains, Most Altcoins Trade in Losses
The crypto market valuation cascaded by 1.79 percent in the last 24 hours. Minor losses struck Bitcoin and Ether along with most of the top ten cryptos by market capitalisation today. The market situation may change after US Federal Reserve Chair Jerome Powell’s speech on Friday. Investors are expecting an end to the rate hike cycles, which may i...
-
Bitcoin Sinks to $26,000 Mark First Time Since June, Most Cryptocurrencies Record Losses
The crypto market cap, in the last 24 hours, dropped by 7.29 percent. Bitcoin and Ether both registered losses of around seven percent on Friday. Most cryptocurrencies tagged behind the top two coins into the loss-ridden part of the crypto chart.
-
Crypto Market Watch: Bitcoin, Ether See Small Gains, Lift Most Altcoins Up the Price Ladder
The overall crypto market valuation rose by 0.54 percent in the last 24 hours. While Bitcoin and Ether grew in prices with small profits, Dogecoin fell off its high horse now that the initial excitement around Twitter’s re-branding to X seems to have worn off. The US federal reserve, meanwhile, has announced another interest rate hike, taking the...
-
Indian Shares, Rupee Set To Open Higher After Fed Hikes Interest Rate
Indian shares and the rupee are expected to open marginally higher today helped by the US Federal Reserve policy raising its benchmark lending rate.
-
Crypto Market Watch: Loss-Ridden Bitcoin, Ether Impact Pricing of Most Altcoins
Bitcoin and Ether, along with most other cryptocurrencies, stepped into the last week of July reeling under losses. Stablecoins like Ripple, Binance USD, and USD Coin recorded losses alongside Cardano, Polygon, and Shiba Inu. The US may get news about another interest rate hike later this week, due to which most cryptocurrencies have failed to mint...
-
Crypto Market Watch: Loss-Ridden Bitcoin Trades at $25,000, Major Cryptocurrencies Record Price Drops
The overall valuation of the crypto sector incurred a loss of 3.42 percent in the last 24 hours. All of the top ten cryptocurrencies by market valuation are trading in losses on Thursday, June 15. The US Federal Reserve, in its latest update said that it will maintain the risen interest rates and also cautioned about potential future rate hikes to ...
-
US Federal Reserve Pauses Rate Hikes But Signals More Tightening Ahead
The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating that another sharp increase could be needed before year-end.
-
Large Withdrawals by Crypto Whales Responsible for US Banking Crisis: Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago has blamed the downfalls of BlockFi, Celsius, FTX, Genesis (in partnership with Gemini), and Voyager Digital major reasons behind the ongoing banking crisis in the US. Several crypto firms laid off staff members while the others filed for bankruptcy last year, leading to the outflows of large crypto investments.
-
IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
-
Bitcoin Hovers Close to $28,900, Stablecoins Dip After the US Announces Another Interest Rate Hike
The overall crypto market grew by 1.65 percent in the last 24 hours. Bitcoin and Ether among other altcoins like Solana, Polygon, and Polkadot saw small gains as a testimony to people’s increased interest in cryptocurrencies after back-to-back collapses of traditional banks in the US. Stablecoins however, did see losses after the US announced ano...
-
Bitcoin, Ether Fail to Retain Profits Amid US Mulling Another Interest Rate Hike, Altcoins Suffer Too
The overall crypto market valuation dropped by 1.50 percent in the last 24 hours. Bitcoin and Ether recorded minor daily losses and lost their momentum. Amid the US banking crisis deepening and the country mulling another interest rate hike, most altcoins recorded losses than gains on Tuesday. These include most stablecoins as well as mainstream cr...
-
Circle Pay CEO Backs Stablecoin Legalisation in the US Amid ‘Accelerating De-Dollarisation': All Details
Jeremy Allaire, the CEO of stablecoin issuer Circle Pay has stressed that the US must get serious about considering stablecoin legalisation. He has suggested that the Federal Reserve introduce a digital dollar soon into its existing financial system and ‘capitalise on the high demand’ of stablecoins like USDC.
