End Financial News

The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end. Along with its ninth hike since March 2022, the rate-setting Federal Open Market Committee noted that future increases are not assured and will depend largely on incoming data. «The Committee will closely monitor incoming information and assess the implications for monetary policy,» the FOMC's post-meeting statement said. «The Committee anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.» That wording is a departure from previous statements which indicated «ongoing increases» would be appropriate to bring down inflation. Stocks rose slightly after the announcement, as investors waited to hear more from Chair Jerome Powell in a press conference at 2:30 p.m. ET.

Near-disasters at Credit Suisse and Silicon Valley Bank have been good news for one corner of the market at least: bitcoin is soaring.

Matt Huang, the co-founder of Paradigm ventures, believes that Bitcoin has been going through bubble phases that impact its overall health. According to him, bubbles are created when short-term traders start to buy BTC due to a surge in prices.

Financial services giant Nomura now believes the Federal Reserve is done with interest rate hikes and that it could even cut rates at its meeting next week.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

The ongoing cryptocurrency winter and massive collapses in the industry do not mean that digital assets like Bitcoin (BTC) are doomed to fail, according to a major European asset manager.

Sustainable crypto start-up C+Charge, which is currently conducting a token presale to raise funds for the development of its revolutionary electric vehicle (EV) charging payments platform, just announced massive news to investors.

The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, rather than maintaining a partially backed and semi algorithmic stablecoin. With Frax’s decision, the days of experimentation with algorithmic stablecoins could finally be behind us.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Real Vision CEO and co-founder Raoul Pal believes nonfungible tokens (NFTs) will act similar to “high-end property” in the traditional economy, outperforming Ether (ETH) during crypto market boom cycles.

In the last few days, Bitcoin dominated headlines as it surged past the $24K barrier, which remains an important psychological level.

When the NFTs buzz was rampant in 2021, not many traders thought about utility. But the bearish market of 2022 seemed to have opened the eyes of many, and might now affect the volume of some blue-chip collections.

Leading crypto exchange Binance is preparing to face penalties in order to resolve outstanding regulatory and law enforcement investigations in the United States.

A top analyst at the major US bank Wells Fargo has predicted that the bear market in stocks is over for now – a prediction that could also be good news for crypto.

In this article

Bitcoin (BTC) price and the wider crypto market corrected at the start of this week, giving back a small portion of the gains accrued in January, but it’s safe to say that the more experienced traders expected some sort of technical correction. 

Global payment giant PayPal holds a significant part of its financial liabilities in cryptocurrencies like Bitcoin (BTC) offered to its customers.

The future of US dollar Libor contracts remains uncertain as markets wrestle with the end of the key benchmark.

The Graph (GRT) price slipped on Feb. 8 alongside a broader correction across the top crypto assets.

U.S. job openings remained elevated at the end of last year, but layoffs ticked up in a slowly cooling labor market.

U.S. job openings remained elevated at the end of last year, but layoffs ticked up in a slowly cooling labor market.