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The next Federal Reserve meeting slated to take place between March 21-22. The world’s largest asset manager, BlackRock, has weighed in on the subject of interest rate hikes by the US federal reserve. According to BlackRock, upcoming federal reserve decisions are likely to see the rates increase by almost 6%. Per
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Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash,
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Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to see gains over the last 30 days. Currently, out of 74 listed AI-focused cryptocurrencies, the net value of all these tokens has risen to more than $4 billion, which accounts for 0.37% of the entire
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The S&P 500 sustained its fourth day of losses following suggestions that the Fed could keep battling inflation aggressively. The S&P 500 recorded losses on the day following Fed minutes, suggesting a sustained hawkish stance on inflation. Several stocks closed lower as traders and market analysts analyzed the summary of the central bank’s latest meeting. S&P
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Bradford noted the move doesn't necessarily mean the company will issue any of the authorized shares, but it will give the company the option to use equity, if needed, to reach its targeted growth. "We believe the [increased] shares would provide us the flexibility to not only maintain market share,
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Barclays analyst said Coinbase volumes rose 56% in January from the previous month. Source
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Monica Long has been named the new president of Ripple, moving up from the general manager position. Long joined the company in 2013 as director of communications and expanded her role last year from general manager of RippleX, the blockchain development side of the business, to general manager of the
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Cryptox Research has analyzed all the deals and trends from venture capital in the blockchain industry during the fourth quarter of 2022. The second half of 2022 saw a dramatic decline in capital inflows across all five major sectors of the blockchain industry: decentralized finance (DeFi), centralized finance (CeFi), nonfungible
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Like most cryptocurrencies, Quant (QNT) has witnessed a considerable price rally over the past weeks. The token has added more than 8.24% over the past 24 hours. Even the broader cryptocurrency market has recently seen tremendous improvement in its prices. Reports revealed that the cryptocurrency market outperformed the traditional equity
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FTX’s FTT token was up 8% for the day. Equities closed up. Source
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