Reserve Financial News
16.11 / 22:55
business
Blockchain
FTX
Reserve
Bybit releases reserve wallet addresses amid calls for transparency
Crypto exchange Bybit publicly released the addresses of its largest crypto wallets on Nov. 16. This came on the heels of FTX’s collapse and calls within the industry for greater transparency. Bybit listed the addresses in a press release.
16.11 / 21:55
CBDC
Digital
MasterCard
Citigroup
Reserve
MasterCard, Citigroup and Other Global Banking Giants Start Digital Dollar Pilot With New York Federal Reserve
Global financial services giants such as MasterCard, Citigroup, and others are joining hands with the Federal Reserve Bank of New York to start a 12-week-long pilot for a digital dollar system.
12.11 / 23:31
COST
Reserve
Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates
WASHINGTON—The Federal Reserve lifted interest rates by another 0.75 percentage point to combat inflation and signaled plans to keep raising them, possibly in smaller increments but to higher levels than previously anticipated.
11.11 / 15:57
COST
Reserve
Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates
WASHINGTON—The Federal Reserve lifted interest rates by another 0.75 percentage point to combat inflation and signaled plans to keep raising them, possibly in smaller increments but to higher levels than previously anticipated.
11.11 / 01:31
business
Blockchain
Binance
defi
Reserve
Chainlink Labs offers Proof of Reserve service for embattled exchanges
Chainlink Labs offered its Proof of Reserve product as a solution to future trust issues in the crypto exchange market on Nov. 10. In a tweet thread, Chainlink Labs asked “Will crypto continue to repeat the mistakes of the traditional black-box financial industry? Or will a better system emerge?”
10.11 / 17:29
business
Binance
Investments
Bitcoin
Reserve
Binance shares wallet addresses and activity after proof of reserve pledge
In light of the FTX liquidity crisis and the almost-acquisition by Binance, Binance CEO Changpeng “CZ” Zhao assured his community that his network would provide full transparency on asset holdings.
10.11 / 13:51
COST
Reserve
Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates
WASHINGTON—The Federal Reserve lifted interest rates by another 0.75 percentage point to combat inflation and signaled plans to keep raising them, possibly in smaller increments but to higher levels than previously anticipated.
10.11 / 13:51
UPS
Reserve
Federal Reserve Chief Tells Markets to Focus on Interest-Rate Endpoint
Federal Reserve chairman Jerome Powell had one overriding message for markets Wednesday: Stop obsessing over how fast rates are rising, and start focusing on how high they get.
09.11 / 22:35
UPS
Reserve
Federal Reserve Chief Tells Markets to Focus on Interest-Rate Endpoint
Federal Reserve chairman Jerome Powell had one overriding message for markets Wednesday: Stop obsessing over how fast rates are rising, and start focusing on how high they get.
09.11 / 22:35
COST
Reserve
Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates
WASHINGTON—The Federal Reserve lifted interest rates by another 0.75 percentage point to combat inflation and signaled plans to keep raising them, possibly in smaller increments but to higher levels than previously anticipated.
09.11 / 06:11
business
Blockchain
Adoption
Binance
Reserve
Support
Binance Proof-of-Reserve pledge gains support following FTX crisis
Following the liquidity crisis and acquisition of cryptocurrency exchange FTX, Binance CEO Changpeng “CZ” Zhao said his exchange will soon start a Proof-of-Reserves audit system to allow verification of its digital asset holdings.
04.11 / 12:33
business
Stablecoin
Circle
Reserve
Circle starts pouring money into its Reserve Fund, aims to fill it in 2023
Circle, the issuer behind USD Coin (UDSC), announced that it has now begun to invest part of its funds in Circle Reserve Fund, created earlier in a partnership with the world’s largest asset manager, BlackRock. The move came as a part of Circle’s effort to minimize risks and guarantee its holders the redeemability of their coins.
03.11 / 15:55
COST
Reserve
Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates
WASHINGTON—The Federal Reserve lifted interest rates by another 0.75 percentage point to combat inflation and signaled plans to keep raising them, possibly in smaller increments but to higher levels than previously anticipated.
03.11 / 02:47
UPS
Reserve
Federal Reserve Chief Tells Markets to Focus on Interest-Rate Endpoint
Federal Reserve chairman Jerome Powell had one overriding message for markets Wednesday: Stop obsessing over how fast rates are rising, and start focusing on how high they get.
02.11 / 22:57
COST
UPS
Bitcoin
Reserve
Bitcoin Price Prediction as Federal Reserve Interest Rate Decision Announced
During the European session, the Bitcoin price prediction remains bullish following the Federal Reserve's interest rate decision. After three consecutive "jumbo" rate hikes of 0.75 percentage points each, the Federal Reserve finally announced another rate increase on Wednesday, this one a full 0.75 percentage points higher in an effort to slow inflation.
01.11 / 00:49
31.10 / 17:07
Adoption
Banks
Central Bank
Reserve
Reserve Bank of India to reportedly launch digital rupee pilot in November
The Reserve Bank of India (RBI) is on track to debut the central bank digital currency (CBDC) after announcing the digital rupee project in February this year.
31.10 / 13:01
Fighting
Reserve
Higher Interest Rates Fuel Losses at the Federal Reserve
The Federal Reserve’s aggressive interest-rate rises to fight inflation are leading the central bank to do something it has never consistently done before: lose money.
22.09 / 19:45
markets
Ethereum
Tether
GPU
Reserve
crypto market cap
Total crypto market cap shows strength even after the Merge and Federal Reserve rate hike
Cryptocurrencies have been in a bear trend since mid-August after they failed to break above the $1.2 trillion market capitalization resistance. Even with the current bear trend and a brutal 25% correction, it has not been enough to break the 3-month-long ascending trend.
21.09 / 19:11
Blockchain
Law
regulation
Reserve
Tether says new court order to produce USDT reserve backing is a 'routine discovery matter'
On Wednesday, Tether (USDT), the issuer of the U.S. dollar-pegged USDT stablecoin, said that a recent order by a U.S. judge to provide evidence of USDT backing is part of routine discovery in court cases. The firm said that the decision did not substantiate any of the claims listed in an ongoing lawsuit:
21.09 / 16:07
UPS
Target
Fighting
Reserve
Here's everything the Federal Reserve is expected to do today
There's not a lot of mystery surrounding Wednesday's Federal Reserve meeting, with markets widely expecting the central bank to approve its third consecutive three-quarter point interest rate hike.
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