Coinbase’s fourth-quarter revenue beat estimates thanks to USDC interest income, analysts said. Interest income for the quarter came in at $146 million, up more than 100% from the previous...
Tag: Interest
How High Could U.S. Interest Rates Rise In 2023?
Jerome Powell, chairman of the US Federal Reserve, during an interview for an episode of “The David … [+] Rubenstein Show: Peer-to-Peer Conversations” at the Economic Club of Washing...
HSBC profit more than doubled, boosted by higher interest rates
HSBC Holdings PLC’ fourth-quarter net profit more than doubled compared with the same period a year earlier, as higher interest rates boosted its top-line growth while better cost efficiency further s...
AI crypto search interest drops by 64% despite market gains
Ad Online searches for AI crypto coins have declined by over 64% in the past seven days, despite the sector’s market cap being up 15.76% over the same period, according to CryptoSlate data. AI coin se...
FTX Japan Resumes Withdrawals as Assets Attract Interest
FTX Japan will resume withdrawals at 12 p.m. Japan Standard Time on Feb. 21, 2023, as the exchange courts bids for its assets amid a drawn-out FTX bankruptcy battle. The exchange advised withdrawing c...
Bitcoin (BTC) Critic Peter Schiff Predicts Interest Rates Surge With Twist
Peter Schiff, a gold bug and economist well known for his critique of the popular cryptocurrency Bitcoin, discusses one important aspect that affected the markets in the previous year: Fed interest ra...
The world’s $13trn interest bill
After a calm 2010s, in which interest rates hardly budged, inflation is putting central-bank officials to work. Indeed, policymakers have rarely been busier. In the first quarter of 2021, policy rates...
Ark Invest’s Cathie Wood Anticipates End to Brutal Interest Rate Hike
2 seconds ago | 2 mins read Bitcoin News Ark Invest has been making large purchases of Coinbase (COIN). Cathie Wood forecasts that Tesla shares will reach $1500 in the next five years. Some prominent ...
ETH struggles to bypass resistance range but open interest suggests…
Sell pressure is building up following a retest of a key resistance level. Profit-taking in the futures market was observed but whales are holding on to their bags. Ethereum’s native cryptocurrency ET...
Floki Inu Axes Way Up By 145% In The Weekly As Interest In The Meme Coin Grows
Floki Inu, a meme currency built on top of Binance’s BNB chain, has been making big headlines of late. Amidst the big names in the meme coin space like Dogecoin and Shiba Inu, this dog-themed cryptocu...
Americans are drowning in credit card debt thanks to inflation and soaring interest rates
Credit card debt skyrocketed during the last three months of 2022, as Americans shopped their way through the holidays and potentially into financial trouble. Americans’ collective credit card balance...
Floki Inu soars 95% following renewing interest in its ecosystem
Floki Inu (FLOKI) soared by around 95% in the last 24 hours to $0.0000489551 at the time of writing, according to CryptoSlate’s data. The meme token rallied by over 40% on Feb. 15 when Elon Mus...
Mortgage demand drops as interest rates bounce higher
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. Joe Raedle | Getty Images After falling for five straight weeks, mortgage rates jumped last week, triggering ...
Cardano is at crucial point as whales trigger interest
Cardano (ADA) is currently in a crucial position amid a blend of bullish and bearish pointers that could either serve as support on its journey to recover the 82% loss of last year or cause the asset ...
Whales Show Interest Over AI Token Which They Accumulated Heavily Just Before Binance-Paxos Fiasco
The evolution of cryptos has been on edge in recent times as the industry has swelled with new inventions solving real-life use cases. After the traditional cryptos laid a strong foundation, the next-...
$4,100,000,000 Crypto Fund Says Bear Market Over, New Bull Run on Regardless of Interest Rates
Pantera Capital’s Dan Morehead and two investment associates think the crypto winter is over and has been over for months. In a recent newsletter, Pantera argues the most recent crypto bear market end...
Nexo Halts Earn Interest Product for US Customers
15 seconds ago | 2 mins read Exchange News Nexo agreed to cease its Earn Interest Product service for its U.S customers. SEC concluded Nexo’s charges on a no-admit-no-deny basis. Following Nexo’s set...
Nexo Cuts Off All US Affiliates from Its Earn Interest Product
Nexo will no longer offer its Earn Interest Product to US citizens and residents. The decision was in line with the recent settlement with major US regulatory bodies. Previously, Nexo offered up to 3...
Nexo will stop its Earn Interest Product for US clients in April
Following a settlement with the U.S. Securities and Exchange Commission announced last month, crypto lending platform Nexo will stop its Earn Interest Product for all U.S. clients, which include both ...
Solana DEX Volume Free Falls as Interest in BONK Token Wanes
The trading volume of decentralized exchanges (DEX) running on top of the Solana network has rapidly declined from January highs as interest in Bonk (BONK) token wanes. On-chain data from DeFiLlama sh...
Bitcoin Slumps Below $23,000 As Investors Assess Impact of Federal Reserve Interest Rate Moves ⋆ ZyCrypto
Advertisement     Bitcoin continued to slide Friday after losing support at the $23,000 level on Sunday. At press time, the largest cryptocurrency by market capitaliza...
BNY Mellon Executive Says Crypto Assets Are ‘Here To Stay,’ With High Level of Investor Interest: Report
An executive of Bank of New York Mellon reportedly thinks that crypto assets are for the long haul based on a study that the bank commissioned last year. According to Reuters, BNY Mellon’s head of adv...
Mini Crypto Rally Follows Key Benchmark Interest Rate Announcements ⋆ ZyCrypto
Advertisement     The crypto markets rallied within 24 hours following the much-anticipated round of recent interest rate announcements by key central banks, with the ...
Federal Reserve Officials Say More Interest Rate Hikes Are Needed to Curb Inflation
– Advertisement – Several Federal Reserve governors and presidents say that more interest rate hikes are needed to curb inflation. “We are not done yet with raising interest rates,” Fed Go...
Did The Fed Decide To Raise Interest Rates This Week? Here’s The Economic Outlook
Getty Images Key takeaways The Fed raised its benchmark rate by 0.25% at its most recent meeting This broke a trend of four consecutive meetings with rate increases of 0.75% Though inflation has eased...
Fed Governor Christopher Waller warns that interest rates could go higher than expectations
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday...
Privacy Coin Interest Stays Tepid as Leading Coins Report Modest Gains in 2023 – Altcoins Bitcoin News
Over the past 90 days, the top privacy coins by market capitalization have seen an increase of just over $2 billion, rising from $4.65 billion on Nov. 9, 2022 to $6.69 billion today. However, while cr...
Mortgage refinance demand jumps 18% as interest rates drop
A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates continued to fall last week, and both curre...
Inflation Target, Interest Rate Rise
Jerome Powell Speech: US Federal Reserve Chairman Jerome Powell said the FOMC wanted to send the disinflation stage message, although the process is in the early stages. He said the Fed thought about ...