But stablecoin issuers aren’t the only entities behind this silent vampire attack. Just as crypto has come to rely on a few centralized stablecoins, crypto firms have increasingly relied on a small nu...
Tag: Rates
The bug on exchange rates: the new Bitcoin scam
The creation of Bitcoin has brought many benefits to the financial system and with it, unfortunately, all kinds of scams aimed at deceiving others. Bitcoin: the new exchange rate scam The new Bitcoi...
Mortgage rates finally sink back below 5% — and home prices are cooling off too amid a market ‘reset’
Mortgage rates finally sink back below 5% — and home prices are cooling off too amid a market ‘reset’ U.S. mortgage rates are tumbling even after the Federal Reserve hiked its benchmark in...
For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020 – Bitcoin News
In 43 days, the Ethereum network could finally see a full transition from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. Meanwhile, during the last 38 days, Ethereum’s layer one (L1) oncha...
Sanchez reveals her top bank stocks to play the higher rates
“Financials”, at large, tends to be the bright spot when rates are quickly going up. But there are two names within this space, as per Gina Sanchez (CEO of Chantico Global), that are particularly well...
Bitcoin Funding Rates Turn Positive, Why The Rally May Not Be Over
Bitcoin funding rates had fallen below neutral two weeks ago after finally recovering from a month-long downtrend. This had sparked fears of another bearish trend starting in the market. However, this...
The Fed Is ‘Resolute’ on Hiking Interest Rates, Tightening Monetary Policy to Tame Inflation — Gold and Stocks Sink – Economics Bitcoin News
Several reports detail that U.S. Federal Reserve officials are resolute on tightening monetary policy and increasing the federal funds rate until inflation in America is alleviated. Chicago Fed presid...
Interest rates should go up another 150 bps this year: Bullard
The U.S. economy has already plunged into a “technical” recession but James Bullard does not expect the central bank to pivot anytime soon. Inflation will take time to return to 2.0% The President of ...
Fed’s Mary Daly says ‘our work is far from done’ in raising rates
Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, U.S., November 12 2018. Ann Saphir | Reuters The Fed...
Household debt tops $16 trillion as inflation surges and rates rise
A “For Sale” sign outside a house in Albany, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the hig...
SHIB Burn Rates Skyrocketing Exponentially
Over the weekend, Shiba Inu kept up its enormous burns of SHIB tokens. Shiba Inu coins worth $646 million are stored in whale addresses on Ethereum, according to data from WhaleStats The phrase “...
The Fed’s rate hike means ‘mortgage rates are going to continue to rise’: Economist
Mortgage rates have been steadily rising over the past year, and with the Federal Reserve’s latest rate hike, there likely won’t be a slowdown any time soon, according to one economist. The rise in in...
US Personal Consumption Expenditures Tap Record Highs, Stanford Economist Says Fed Should Increase Rates Above 9% – Economics Bitcoin News
On July 29, the U.S. Bureau of Economic Analysis reported on America’s personal consumption expenditures (PCE) price index for the month of June, and the figure saw the largest 12-month increase since...
Mortgage rates fall sharply after negative GDP report and Fed’s latest hike
Just one day after the Federal Reserve raised its benchmark rate, mortgage rates took a sharp turn lower. The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% on...
Traditional markets see bump as Fed raises rates
Interest rates in the U.S. are now running at a 2.25% Bitcoin gained over 8% in the past 24 hours Crypto market cap was back above US$1 trillion dollars Both crypto and customary business sectors saw ...
Bitcoin is Ripping Higher after the FED Hiked Rates to 2.5% – crypto.news
On July 27, Bitcoin prices shot 10 percent on news that the U.S. Federal Reserve (FED) had raised funding rates by 0.75 bps to 2.50 percent, further pumped the chairman of the Federal Open Market Comm...
When will the Fed stop raising interest rates? The ‘terminal rate’ may still be far off
The U.S. economy is somewhere in the middle of the Federal Reserve’s interest rate hiking saga to tame inflation, but people already want to know where the story ends. That’s what’s getting discussed ...
Federal Reserve Increases Interest Rates Again, This Time by 0.75%
The United States Federal Reserve has raised interest rates again to fight inflation. The 0.75% point hike takes the borrowing rate to 2.25–2.50%. The United States Federal Reserve has once again rais...
Fed raises rates by 75bps, recession close?
The Federal Reserve (Fed) chose the most painless path by raising rates by 75 basis points last night, rather than 100 bp as assumed by some analysts. The choice was a difficult one. However, the dec...
U.S Federal Reserve Raises Interest Rates by 75 Basis Points
53 mins ago | 2 mins read Bitcoin News Consumers and companies are likely to reduce their borrowing and spending. The central bank had predicted an interest rate increase of 100 basis points. Second t...
Market Rally As Bitcoin, Ethereum Rise 10% After Fed Raise Rates By 0.75%
– Advertisement – This month, the crypto markets have rallied for the second time following US economic news. On Wednesday, following the Federal Open Market Committee (FOMC) meeting, th...
Federal Reserve Hikes Interest Rates with a 75-Bp Increase, Bitcoin Remains Bearish
The US Federal Reserve on Wednesday announced a 0.75 percentage point interest rate increase as part of efforts to clamp down rising inflation without creating a recession. The latest interest rate ri...
Dudley Says Fed Will Hike Rates Much Further Than What Markets Expect
(Bloomberg) — Financial markets are underestimating just how far the Federal Reserve will go to tame a decades-high inflation rate, according to former New York Fed President Bill Dudley. Most R...
Bitcoin Pumps to $22k as Fed Hikes Rates by 75 BPS
Bitcoin’s volatility surged once again following the latest Federal Open Markets Committee (FOMC) meeting. The primary cryptocurrency rose by 2.5% in response to the US central bank’s announcement of ...
Fed Raises Rates 75 Basis Points, Again
The markets had largely priced the change in, analysts say, but persistent inflation could move cryptos to the red The central bank also opted to raise rates 75 basis points in June The Federal Reserv...
Stocks surge as Fed hikes rates by 75 basis points
U.S. stocks surged Wednesday as investors mulled a major decision from Federal Reserve policymakers to raise interest rates by 0.75% and remarks from Chair Jerome Powell hinting the central bank may s...
Worried about mortgage interest rates? Here’s what the Fed’s rate hikes mean
Federal Reserve Chairman Jerome Powell in June. (Jacquelyn Martin / Associated Press) If you’re in the market for a new mortgage or if you have one with an adjustable interest rate, you may worr...
Fed hikes rates by 75 bps; reaches twin milestones ahead of GDP data
In line with market expectations, Chairman Powell and the members of the FOMC, raised the federal funds rate by 0.75%, for a second consecutive time. In a unanimous vote, the policy corridor was raise...
Federal Reserve to raise rates again at 2 pm ET
The Federal Reserve on Wednesday raised interest rates by 0.75% as the central bank attempts to avoid a deep recession. The decision to move by 0.75% matched the magnitude of the Fed’s last move in Ju...
Key Takeaways From Fed Decision to Raise Rates 75 Basis Points
Reuters Analysis-Investors gauge U.S. stocks rebound: ‘suckers’ rally’ or market bottom? As investors await another jumbo-sized rate increase from the Federal Reserve, they are takin...
Here’s Everything That Will Cost More As Fed Raises Interest Rates
Topline The Federal Reserve on Wednesday again authorized one of the biggest interest rate hikes in 28 years as part of its effort to combat the quickest surge in prices in four decades—doubling down ...
Opinion: The Fed vowed to crush inflation with higher rates. Then the stock market rallied. Here’s why. (It’s not good news.)
‘‘We are now at levels broadly in line with our estimates of neutral interest rates, and after front-loading our hiking cycle until now we will be much more data-dependent going forward.’’ The Federal...