Currency Financial News

21.09 / 07:53

Currency interest rate shares Will US-listed crypto stocks jump after bumper rate cut from Fed

shares jumped before the open on Thursday after a half-percentage point interest rate cut sparked a flight into risky assets, adding to the momentum of an industry that has already secured some big wins this year. The move could revive interest in bitcoin, the most popular cryptocurrency, which often sways the entire sector as investors chase higher returns and dump safe-havens.

08.08 / 11:43

Currency shares Recession hedge fund economic data Crypto sell-off deepens as weak economic data dampens risk-taking

shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a recession and set off a frenzied selling of risky assets. The plunge marks a stunning reversal for the sector that until recently was riding a wave of optimism sparked by the approval of exchange-traded funds (ETFs) tied to the spot prices of bitcoin and ether, the two biggest cryptocurrencies.

29.02 / 08:29

cryptocurrency Bitcoin news Bitcoin price today Currency Bitcoin tops $60,000, approaches all-time high

cryptocurrency. Bitcoin traded as high as $61,360, closing in on its all-time high of $68,991, struck in November 2021 and which some analysts believe is now within reach.

12.01 / 06:41

markets inflation Currency Will bitcoin etfs To the moon? Bitcoin ETFs lift off

markets from Ankur Banerjee After the fake post comes the real thing. The long-mooted and eagerly anticipated exchange traded funds (ETFs) to track bitcoin got the official go-ahead at last, sending the crypto world into a celebratory mood at what it sees as a game-changer. The 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity and Invesco, were approved by the U.S. Securities and Exchange Commission, with most of the products expected to start trading on Thursday. Estimates of first-year inflows vary widely, from $5 billion to $100 billion. These ETFs grant wider access but whether the famously volatile cryptocurrency is accepted by a bigger investor base remains to be seen.

12.12 / 11:41

Gold Investment Currency Bitcoin Option Bitcoin vs gold: Which one is a better investment option?

The landscape of investments over the last few decades has witnessed a transformative shift with the rise of digital currencies, and among them, Bitcoin stands out as a beacon of innovation and opportunity. Among the contenders, Bitcoin has emerged as a frontrunner, challenging the historical dominance and status quo of gold as the ultimate store of value. One of the key reasons investors are drawn to both gold and Bitcoin is their finite supply. Gold's scarcity has been the primary driving factor behind its historical value, but Bitcoin takes this concept to the next level.

04.12 / 10:01

Digital Currency UK Currency treasury committee financial stability committee Financial Treasury Committee warns UK digital pound could put financial stability and privacy at risk

The Treasury Committee has argued that benefits of the new asset promoted by the central bank did not outweigh their concerns of overall confidentiality and financial risks.

26.05 / 13:29

Digital Currency Currency Fed's Brainard sees case for central bank digital currency

version of the U.S. dollar could help ensure financial system stability as crypo-assets and digital currencies developed by other countries become increasingly popular, Federal Reserve Vice Chair Lael Brainard said on Wednesday. «As we assess the future digital financial system, it is prudent to consider how to preserve ready public access to safe central bank money, perhaps through the digital analogue of the Federal Reserve's issuance of physical currency,» Brainard said in testimony released in advance of her appearance on the issue before the U.S. House of Representatives Financial Services Committee on Thursday. «We recognize there are risks of not acting, just as there are risks of acting,» she said.

06.12 / 04:11

stock market Currency financial markets Bitcoin Bitcoin’s correlation with stocks grows as risk appetite drops

U.S. employment data.

29.11 / 07:59

Parliament Investors Currency Crypto users Fear, uncertainty, doubt: The FUD reality of crypto users

crypto trader, spent Tuesday night desperately trying to sell a part of his cryptocurrency portfolio, but the trades wouldn't go through. He couldn't even buy some more coins because the wallet wouldn't add money.

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