? Want to work with us? CryptoSlate is hiring for a handful of positions! The Federal Open Market Committee has raised interest rates by 75 basis points, increasing the primary credit rate to 1.75%. T...
Tag: Basis
Dow Jumps 300 Points After Powell Says Fed Could Hike Rates By 75 Basis Points Again In July
Topline The stock market moved higher on Wednesday after the Federal Reserve raised interest rates by 75 basis points—the largest increase in 28 years, while Fed Chair Jerome Powell also signaled that...
Fed Raises Rates By 75 Basis Points
Key Takeaways The Fed raised rates by 75 basis points today, the biggest hike since 1994. The decision comes as the inflation in the United States officially hits a forty-year high. The market reacted...
Stocks Pare Back Gains After Federal Reserve Hikes Rates By 75 Basis Points
Topline The stock market opened higher on Wednesday but pared back gains after the Federal Reserve raised interest rates by 75 basis points—the largest increase in 28 years, as investors continue to w...
Here’s How Markets Reacted Last Time The Fed Hiked Rates By 75 Basis Points
Federal Reserve Chair Jerome Powell. Alex Brandon/ASSOCIATED PRESS The stock market carnage this year continues to get worse, with the S&P 500 recently falling into a bear market amid rising fears...
A Fed Rate Hike of 75 Basis Points Is a Done Deal for Traders
(Bloomberg) — Traders are betting the Federal Reserve will raise rates by three quarters of a percentage point at least once in its next three meetings to cool the hottest inflation in four deca...
Amazon stock’s first day of trading on 20-for-1 split basis
Amazon’s (AMZN) stock popped more than 4% during its first day of trading since splitting its shares 20-for 1. In March, the e-commerce giant announced investors would receive 19 additional shar...
BTC On-Chain Analysis: Cost Basis and the Death of Short-Term Holders
In today’s on-chain analysis, BeInCrypto looks at indicators that compare the current market situation of short- and long-term Bitcoin (BTC) holders. The goal is to try to determine what stage of a be...
Do Kwon’s First Taste Of Money Was Neither Terra Nor Basis Cash, So What Was it??
– Advertisement – Do Kwon’s First Startup – And His First Taste Of Both Money And Nepotism. Terra’s Do Kwon has found himself perpetually in trouble ever since Terra LUNA and UST crashed. ...
Terraform Labs CEO pseudonymously co-created failed stablecoin project Basis Cash, CoinDesk reports
CoinDesk reported Wednesday that Do Kwon, co-founder and chief executive of the development firm behind the Terra blockchain, was closely involved with an earlier stablecoin effort that failed to gain...
Terra founder reportedly has link to failed stablecoin, Basis Cash
A former Terra Labs employee has reportedly revealed that Terra co-founder Do Kwon was one of the creators of Basis Cash. This algorithmic stablecoin failed last year, a Coindesk report has revealed. ...
Tenants Could Now Pay The Rent In Cryptocurrency On A Monthly Basis
Renters account for 44.1 million households. However, 10.5 percent of all homes are unoccupied. Renters are 89.9% more likely than homeowners to fall behind on their rent, compared to homeowners who p...
Terra’s UST in free fall, drops 200 basis points against the dollar
Fears that TerraUSD (UST) will de-peg following weekend volatility have increased after it fell below $0.980. The algorithmic stablecoin saw increased sell pressure on May 7 as more than $300 million ...
What history tells us about stocks soaring after Fed 50 basis point rate hikes
Perhaps investors are right to cheer the first 50 basis point interest rate hike from the Federal Reserve since 2000, even if that seems like a counterintuitive reaction. The S&P 500 went on to ra...
Fed raises interest rates by 50 basis points
The Fed, following its first interest rate hike of 25 basis points, intervened more aggressively again on Wednesday with a 50 basis point increase. The Fed and its interest rate hike plan First intere...
Fed hikes interest rates by 50 basis points in effort to combat inflation
The United States Federal Open Market Committee (FOMC) concluded two days of meetings Wednesday with a widely anticipated announcement of an interest rate hike of 50 base points, or 0.5%. It is the se...
Fed Raises Rates by 50 Basis Points
Key Takeaways The Federal Reserve has increased interest rates by 0.5%. Chair Powell said that more 50-basis point hikes were on the table. The crypto market seemed to respond well to the FOMC meet...
Bitcoin Down as Market Braces for Fed’s 50 Basis Point Rate Hike
“The Fed’s response to COVID increased the money supply by over 40%, directly providing stimulus checks and indirectly growing capital reserves through quantitative easing,” IntoTheB...
Bitcoin Futures Basis Nears One-Year Lows, How Will This Affect BTC?
In late March/early April, the bitcoin futures basis had mounted an impressive recovery that pushed sentiment back into the positive. This had come after months of a declining futures basis, so this r...
Fed, 50 basis points as early as May according to Powell
In a statement, Jerome Powell hints that a 50 basis point interest rate increase is a possible option for the Fed. Powell’s Fed measures to curb inflation At the latest IMF (International Monetary Fun...
Should you still buy Comstock on the basis of strong momentum?
Comstock Resources, Inc. (FRA:CX91) is trading at a valuation of 17.86. A month ago, the stock was trading at about $10. It is evident that Comstock is living to its momentum stock tag. The question, ...
Fed’s Bullard Wants to Raise Bank Rate to 3.5% by Year’s End, Hints at 75 Basis Point Rate Hike – Bitcoin News
The 12th president of the Federal Reserve Bank of St. Louis, James Bullard, thinks the U.S. central bank can increase the benchmark bank interest rate by 75 basis points this year. Bullard believes th...
MATIC Drops 14% On Weekly Basis; Ready For $1.25 Next?
MATIC price treads water on Saturday indicating a lack of enthusiasm among traders. The price shows signs of selling exhaustion as it approached a reliable support area that could be the key to a quic...
Own stocks that are cheap on a price to earnings basis
CNBC’s Jim Cramer on Friday previewed next week’s roster of earnings and advised investors to stick to companies that are profitable yet affordable for investors to own. “In this env...
Ripple Reports 130% Yearly Basis Growth in Asia-Pacific Transactions Amid Emerging Use Cases
Tomiwabold Olajide RippleNet is a global blockchain-based payment solution developed by Ripple Brooks Entwistle, VP and Managing Director for APAC and MENA at Ripple, highlighted in a recent interview...
Bonds Hint Recession As 50 Basis Point Fed Hike Bets Accelerate
U.S. Treasury bond yields were active again Monday, with benchmark 10-year notes breaching a key technical level that could triggered renewed bets on a near-term recession in the world’s biggest...
Alchemy Pay partners with BASIS ID for global KYC and AML services
The fiat-crypto payment solutions provider, Alchemy Pay (ACH) has partnered with BASIS ID for comprehensive, global Know-Your-Customer and Anti-Money-Laundering verifications. This partnership will fu...
Court Says IS Prime Claims against ThinkMarkets Have No Legal Basis
A British court determined that IS Prime’s dispute against ThinkMarkets has no real prospect of succeeding. The ruling comes after the former claimed an exclusive liquidity contract breach. According ...
Fed Raises Benchmark Interest Rate by 25 Basis Points
“I’d say that the market is not going to react to the rate hike but will likely react very sharply to anything said in the statement or more likely, the press conference, that indicates a change...
Choosing the Best Way to Calculate Cost Basis on Crypto
The tax calculations required for cryptocurrency investments heighten your return’s complexity, and often lead taxpayers to make mistakes during the filing process. For crypto users who use multiple e...
Bitcoin Futures Basis Hints At Possible Disbelief Rally
Bitcoin has recovered back to $42,000 since the dump after recording a bearish trend. Since then, sentiment, as well as momentum, has since turned towards the positive, leading the digital asset back ...