Kraken executives have recently appointed a new CEO for their exchange. The newly appointed CEO had something very interesting to share with the entire cryptocurrency community as well as the US regulatory…
Category: News
Decentralized Finance TVL Has Witnessed A Great Drop, Resembling March’s Drop
The value locked for the decentralized finance sector has witnessed a great dip. The data shows that the value locked for the particular industry has reportedly dropped below $55 billion. Smart Coins…
British Borrowing Costs Rise And Sterling Falls After New Plans
On Friday, the new finance minister for the United Kingdom, Kwasi Kwarteng announced a number of tax cuts in a move to boost growth in the country. This saw yields on British…
Bitcoin Depot Aims To Go Make A Public Debut With A $1 Billion Valuation
Bitcoin Depot has recently announced that it is planning to make a public debut. The company has announced that it plans on making a public debut with a valuation worth $1 billion….
Swiss National Bank Hikes Rates By 0.75% To Leave Negative Era Behind
On Thursday, Switzerland waved goodbye to the negative interest rates era as its central banks joined other global banks in aggressively tightening its monetary policy for combating soaring inflation The country had…
Turkish Cenban Stuns Market With Another Rate Cut
On Thursday, the central bank of Turkey shocked markets once again as it delivered another rate cut of 100 basis points, even though inflation in the country is above 80%. This pushed…
Stocks Gyrate And Dollar Rises As Fed Stays Hawkish
On Wednesday, US equities rose before declining with Treasury yields also making the same moves, as markets had a wild reaction to the conclusion of the Federal Reserve’s meeting. The US central…
Wall Street Drops As Fed And Ford Forecasts Cause Fear
On Tuesday, Wall Street recorded declines as shortly before the US Federal Reserve meeting, which is expected to bring another hike in the interest rate, gave further evidence as to why taming…
Wall Street Ends Session Higher With Fed In Focus
On Monday, major US equities index ended the day higher, after seesawing for most of the day, as investors were focused on the meeting of the US Federal Reserve scheduled for this…
Wall Street Declines To Two-Month Lows As Recession Fears Rise
On Friday, US equities ended the day in negative territory, as they dropped to lows of two months as FedEx warned of an impending slowdown in global growth. This hastened the flight…
European Stocks Fall As Recession Fears Grip World Markets
On Friday, there was a 1.6% drop in European stocks, as investor sentiment took a beating due to two major global financial institutions issuing recession warnings and bets of a big interest…
European Shares Decline For Third Day On Oil And Tech Losses
On Thursday, European stocks ended lower after giving up gains they had recorded earlier in the day, with the highest declines recorded in technology and energy shares. This was because risk sentiment…
CEO Of Celsius Wants Cryptocurrency Custody To Be Firm’s New Focus
Celsius, a cryptocurrency lending platform is now planning to change the way it operates. The Celsius network recently filed for bankruptcy and it is still going through bankruptcy proceedings. Celsius Wants to…
Wall Street Drops As CPI Data Confirms Another Rate Hike
On Tuesday, there was a broad sell-off in US markets that saw Wall Street slide after inflation data turned out to be hotter than expected. Thus, it ended up dashing any hopes…
