- Cryptonews

Federal Reserve Chair Jerome Powell Talks US Economy and Inflation at Economic Club of New York

Today, Federal Reserve Chair Jerome Powell addressed critical economic issues facing the United States in a talk at the Economic Club of New York. During the speech, Powell discussed the state of the U.S. economy, recent monetary policies, and future plans of the Federal Reserve. The topics...

, by Trent Alan

Senator Warren Demands Action Against Crypto-Funded Terrorism Following Hamas Attacks

In a move paralleling heightened crypto regulatory urgency in the country, Senator Elizabeth Warren led a bipartisan group of 102 lawmakers in sending a letter to U.S. security officials on Tuesday. Warren's letter urges a proactive stance against terrorism funded by cryptocurrency, following...

, by Trent Alan

Israel-Hamas Conflict Shakes Global Markets: Emerging Stocks and Crypto Slide, Oil and Metals Surge

Global markets took a hit today as tensions between Israel and Hamas escalated into full-blown warfare over the weekend. The conflict has caused ripples across asset classes, sending emerging stocks and cryptocurrencies on a downward trend while boosting the value of oil and precious...

, by Trent Alan

Uptober Crypto Prices Phenomenon: Historical Trends Meet Market Speculation

As October unfolds, crypto markets are still wrestling with the term 'Uptober' - for the uninitiated, "Uptober" is an amalgamation of “up” and “October”, describing the historical trend where Bitcoin, and often other major cryptocurrencies, witness a price surge in October. As Bitcoin kicks off...

, by Sam Cooling

$1m Fortune Won Playing Slots Game on No.1 Telegram Casino Mega Dice

A lucky player has won a $1 million fortune on the slots at No.1 Telegram casino, Mega Dice. A stake of $500 was turned into a $1 million haul in a series of high-payout spins. The news has exploded onto the crypto betting scene, validating, yet again, the opportunities and advantages the...

, by Gary McFarlane

August PCE Inflation Data: Federal Reserve’s Key Measure Dips, Easing Market Concerns

According to data released today by the U.S. Burea of Economic Analysis (BEA), the Federal Reserve's preferred metric for inflation, known as the core personal-consumption expenditures (PCE) price index, showed a decrease in August. The PCE report was released amid growing concerns about...

, by Trent Alan

FTX Bankruptcy Claims Skyrocket as Company Recovers $7.3 Billion in Assets

According to a Wednesday report by digital assets platform Matrixport, the market value of bankruptcy claims against crypto exchange FTX has more than tripled this year. This comes ahead of the founder and CEO Sam Bankman-Fried's impending criminal trial set to begin next week.The FTX bankruptcy...

, by Trent Alan

Kraken Explores Stock and ETF Trading, A First for Crypto Exchanges

San Francisco-based crypto exchange Kraken is reportedly considering a move into the stock market with the addition of stocks and exchange-traded funds (ETFs) to its trading platform, according to a Bloomberg report today. The move, slated for as early as 2024, will mark Kraken as the first...

, by Trent Alan

Record $307 Trillion Global Debt Puts World Economy on Alert

In the first half of 2023, global debt increased by $10 trillion, reigniting concerns about its impact on the world economy and the potential for a financial crisis, according to data released by the Institute of International Finance (IIF) on Tuesday. The report disclosed that the overall...

, by Trent Alan

Maxine Waters Slams Republican Bill Hindering U.S. Progress on CBDC

The U.S. House Financial Services Committee is currently a battleground for discussions concerning the possible launch of a Central Bank Digital Currency (CBDC) by the Federal Reserve. Today, Maxine Waters, a Democratic representative from California, sharply criticized a bill reintroduced by...

, by Trent Alan

Hong Kong Steps Up Crypto Regulation with Warnings to Imitation Banks – Here’s What You Need to Know

Today, the Hong Kong Monetary Authority (HKMA) issued a warning to cryptocurrency companies that improperly use the term "bank" in describing their services. The authority stated that such wording wrongly suggests these companies are regulated by the HKMA, which is not the case. According to...

, by Trent Alan

US Inflation Posts Biggest Monthly Increase in 2023 as CPI Rises 0.6%

The U.S. Department of Labor released new data today showing a 0.6% increase in the consumer price index (CPI) for August. This is the largest monthly rise in U.S. inflation so far this year. The report showed that prices have gone up by 3.7% compared to August of last year, slightly higher than...

, by Trent Alan

Crypto Industry Turns to Customers Bank as Preferred Partner Amidst Collapse of Silvergate, Signature

The US crypto industry has a new favorite banking partner, a small Pennsylvania-based called Customers Bank.According to a Bloomberg article citing sources familiar with the matter, the bank is partnered with hundreds of crypto companies, with a wave of new clients coming in after the collapse of...

, by Michael Davis

New Proposal: Hong Kong Should Issue Stablecoin to Rival USDT and USDC

In a revolutionary move, Hong Kong is exploring the idea of launching its Stablecoin, HKDG, to rival established Stablecoins like USDT and USDC. As reported by Wu Blockchain, the proposal, co-authored by prominent figures in academia and industry, including Vice Chancellor Wang Yang and angel...

, by Hassan Shittu

Bank of America Forecasts Transformative Role of Tokenization in Finance

According to a recent research report by Bank of America (BofA), tokenization can revolutionize financial and non-financial infrastructure and financial markets in the next five to 15 years. The report highlights the transformative power of tokenization and its wide-ranging implications for...

, by Hassan Shittu

Binance Played a Crucial Role in Israel’s Historic Counterterrorism Effort Against Iran and Hezbollah

Binance has disclosed a collaboration between its Sanctions Investigation Team and Israel’s Ministry of Defense in a counterterrorism operation against Iranian and Hezbollah terrorist groups.A June 29 blog post revealed that this operation aims to track down terrorism financing operations...

, by Yuri Molchan

Finance News (Page 13)

Cryptonews in numbers