Author name: Peter

Fed Chair's Remarks Spark Debate on Interest Rates Federal Reserve Chair Jerome Powell's recent remarks have ignited a discussion on the effectiveness of current interest rates in an uncertain economic climate. Despite strong growth in the gross domestic product, Powell expressed the Fed's cautious approach, stating that the central bank is not confident that its […]

The value of bitcoin (BTC) has surged by over 38% against the U.S. dollar in the past six months, resulting in a remarkable 125% increase year-to-date. This impressive performance has propelled bitcoin's market capitalization to become the eleventh-largest among global assets, surpassing various assets such as precious metals, exchange-traded funds (ETFs), and corporate valuations. Bitcoin's

Expobank Revolutionizes the Gemstone Market Expobank, a prominent financial institution with over 50 offices across Russia, has made a groundbreaking move by entering the market of gemstone tokenization. Through the utilization of the Multichain blockchain platform, Expobank has successfully issued the first tokenized diamonds in the country. This innovative step aims to democratize the gemstone

Blackrock Inc., one of the world's largest asset managers, has taken a significant step in the cryptocurrency investment space. Through its subsidiary, Ishares Delaware Trust Sponsor LLC, the company has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list shares of the Ishares Ethereum Trust on the Nasdaq. Blackrock Dives

Bitcoin Hits $37K, Ending 18-Month Drought The cryptocurrency market is currently experiencing a mood of "greed" as reflected by the Crypto Fear and Greed Index (CFGI) scoring a 69 out of 100. On November 9, 2023, at 5:20 a.m. Eastern Time, the price of bitcoin reached above $37K, a level not seen since May 2022,

Microstrategy Chairman Michael Saylor is optimistic that the demand for bitcoin will double in the wake of the halving event and the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Saylor believes that the next 12 months will be highly favorable for the asset class and points to