Bitcoin Price Falls. There’s Trouble at Silvergate.
Bitcoin and other cryptocurrencies were falling Thursday, under pressure but holding key levels amid signs of distress at Silvergate Capital an influential banker to the digital asset industry. The price of Bitcoin has declined nearly 2% over the past 24 hours to $23,275. The largest crypto has consolidated between $23,000 and $24,000 in recent weeks, […]
A digital currency is likely to be needed, says U.K. Treasury and Bank of England
The U.K. government said Monday that a digital currency is likely needed, as countries around the world examine the changing nature of payments. A statement issued by both the U.K. Treasury and the Bank of England said they were seeking comments, though they said no decision has yet to be taken. The consultation will run […]
Can Blockchain Technology Succeed Without Cryptocurrencies?
Although cryptocurrencies and blockchain technology are closely related, they are not synonymous. Cryptocurrencies are a subset of blockchain technology, whereas blockchain is a broader term that covers a wide range of potential uses and applications. To answer the question of whether cryptocurrencies are required for blockchain technology to succeed, it is necessary to consider blockchain’s […]
US Dollar bears celebrate Fed’s dovishness
What you need to take care of on Thursday, February 2: The US Dollar plummeted following the US Federal Reserve’s monetary policy decision. The central bank decided to hike its benchmark rate by 25 basis points (bps) as widely anticipated by market players. The statement showed that policymakers changed the wording on inflation, noting that […]
DC Townhouse Linked to Fallen FTX Founder Sam Bankman-Fried Is Listed for $3.3M
What a difference a few months makes. Since the implosion and bankruptcy filing of the cryptocurrency exchange FTX in November, its founder Sam Bankman-Fried has experienced some dramatic life changes—as have those closest to him. A prime example? The listing of a townhouse in Washington, DC, that was purchased in April 2022 by Guardians Against […]
Bitcoin Pares Gains. Why the Coming Days Could Bring More Volatility.
Bitcoin and other cryptocurrencies took a breather Wednesday, paring gains from a rally that has lifted digital assets to the highest levels in months. But the next week holds key macro catalysts that could see cryptos make another big move. The price of Bitcoin has shed 2% over the past 24 hours to below $22,550. […]
Crypto Banks Borrow Billions From Home-Loan Banks to Plug Shortfalls
MarketsCurrenciesCryptocurrencySignature and Silvergate turn to government-chartered lenders after customer withdrawals surge Source link
Forex and Cryptocurrencies Forecast for January 23 – 27, 2023 – Analytics & Forecasts – 21 January 2023
EUR/USD: The Calm Before the Storm ● ● The DXY Dollar Index (the ratio of the USD to a basket of six other major foreign currencies) has been moving in a fairly narrow sideways channel since January 12. A small surge in volatility was caused by the publication of data on retail sales in the […]
Former FTX US head denies participation in fraud involving the company
Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, which filed for bankruptcy back in November. Harrison, who resigned as FTX US’s president in September, wrote about his experience with the company in a 49-part Twitter thread published Tuesday. Harrison had rarely made any […]
Forex and Cryptocurrencies Forecast for January 16 – 20, 2023 – Analytics & Forecasts – 14 January 2023
EUR/USD: Low Inflation Has Dropped the Dollar ● The main event of the past week, which dealt another blow to the dollar, was the publication on Thursday, January 12, of data on consumer inflation in the US. The actual figures were fully in line with market expectations. The consumer price index (CPI) in annual terms […]