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Federal Reserve increases benchmark rate of 75bps to fight rising inflation

On Wednesday afternoon, the U.S. Federal Reserve increased its federal funds rate by three-quarters percent. This follows the U.S. Federal Reserve's decision to raise the federal funds rate by three-quarters of a percentage point on Wednesday afternoon. The CPI report last week showed that U.S. inflation rose by 8.3% per year. Fed raises Federal Funds […]

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Fed Takes Another Big Step To Curb Inflation With a 75 Basis Point Increase

For the third consecutive week, the Federal Reserve raised interest rates by three quarters of a percent point. This sent Bitcoin below $19,000 On Wednesday, the Federal Open Markets Committee (FOMC), raised U.S. interest rate by 75 basis points. This is the third consecutive hike of this size in an effort to combat stubborn inflation

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Nomura, Japanese Banking Superstar, launches Crypto-Focused Venture Capital Arm

Nomura Holdings, Japan's financial holding company, and principal member of Nomura Group, announced Wednesday the launch of Laser Digital Holdings, a crypto-focused venture capital arm. Nomura's announcement follows the entry of a few financial giants into the cryptocurrency market this year. Nomura introduces Laser Digital Holdings Nomura Holdings, Japan's investment banking giant, has entered the

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CZ Binance founder announces the opening of a Romanian office as part of regional expansion

Changpeng Zhao (CZ), the founder and chief executive of cryptocurrency exchange Binance has announced that a new office will be opened in Romania. During his visit to Romania, he met high-ranking officials to highlight Binance's plans to expand its direct operations in Eastern Europe. Binance launches Romanian-Language support this fall, Exchange CEO unveils in Bucharest

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Russia Takes One Step closer to Using Bitcoin, Blockchain In International Trade, as Central Bank, Finance Ministry Reach Agreement on Draft Bill

Both regulators reached an agreement on a draft bill that stated that bitcoin and other cryptocurrencies are necessary to facilitate international trade in the current climate. According to a report by Russian news outlet Tass, the Russian Ministry of Finance has reached an agreement with its central bank on a draft bill that allows bitcoin

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‘Investors Run Out of Havens’ — An Erratic Pattern in US Bond Markets points to Deep Recession, Elevated State Risk

The yields on U.S. Treasuries with long maturities have been volatile this year. This week, the 10-year Treasury yield surpassed 3.5% for only the second time in a decade. The Fed's 75bps rate hike saw 10-year Treasury notes rise to 3.642%, while two-year Treasury notes rose to a record high of 4.090% after the Fed

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Gold IRA rollover Kit: How to transfer your 401K & IRA into a Gold IRA

Self-DirectedGold IRAs are great because they allow you to place your money in the precious metals and not have to engage any middlemen. Actually, these accounts are so simple , even your grandmother could use them! When you buy physical gold, silver platinum, palladium, and Rhodium bars, coins, rounds and bullion, you’ll get immediate liquidity.

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Uniswap Foundation distributes $1.8 Million in grants to 14 recipients

The Uniswap Foundation, the group behind decentralized exchange (dex), Uniswap, has announced its first wave of foundation grants. It plans to distribute $1.8 Million total through 14 grants. The UF announced that Uniswap Diamond will receive a little more than $800K, a project being developed by GFX Labs. Uniswap will distribute $1.8 million to 14

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