Yearn.finance (YFI) Tests Key Support as Funding Rates Flip Negative
Yearn.finance’s YFI token has been facing some intense selling pressure today as the focus shifts back to Bitcoin. YFI
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Rates
Federal Reserve Keeps Rates Close to Zero, Maintains Asset Purchases
The statement is in keeping with economists' expectations for the U.S. central bank to take no new monetary policy actions. Source
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How Stocks, Bitcoin & Other Investments Fare in 0% Interest Rates
On Long Reads Sunday, a reading of a John Street Capital piece on the realities of a market characterized by zero-bound interest rates.The piece examines how different asset classes – from stocks to bonds to bitcoin and beyond – fare in the context of a world where the Federal Reserve
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Uniswap’s Token UNI Stable Above $5.50 as Negative Funding Rates Soar
Uniswap’s recently released token – called UNI – has seen massive inflows of investments throughout the past day,
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Fed Decision Regarding Interest Rates to Direct Focus to Crypto
The Federal Reserve Chairman Jerome Powell made a shocking announcement during yesterday’s widely watched speech, in which he
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The Consequence of Low Interest Rates? The Big Get Bigger
As companies have to shift their business model to contend with low interest rates, the largest find themselves in a comparatively better situation. Today’s episode of The Breakdown is an extended edition of the Brief. The final topic today looks at news that some large money market funds are shifting fees from
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Chainlink Brings FX Rates Data From Top Korean Banks to DeFi
Chainlink (LINK) is integrating with CenterPrime to bring a foreign exchange, or FX, rate data feed from the Korean banks to the DeFi space.“A breakthrough for Korean fintech industry”CenterPrime, a Hyperledger based project, has access to the Korean open banking API that streams FX rate data from several local banks.
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Record-Low Mortgage Rates Won’t Save the Housing Market
The U.S. housing market is bouncing back quickly, fueled by record-low mortgage rates. The housing shortage is worsening, further increasing home prices. Low-income Americans can’t afford a house despite low mortgage rates. The pandemic has hit the U.S. housing market hard. Millions of Americans have lost their jobs and did little shopping because
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Negative Rates or More Money Printing – Bitcoin May Benefit Either Way
Whether or not the Federal Reserve eventually cuts interest rates to negative levels, it might be a case of heads: bitcoin wins, tails: bitcoin wins. So far this year, the Fed has created about $3 trillion of new money, an amount equivalent to more than 70% of the total assets created
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Market Wrap: Bitcoin Briefly Pops Past $10K as Fed Says Rates May Stay Near 0% Until 2022
Bitcoin saw a quick, short-lived run past $10,000 after the head of the U.S. Federal Reserve said Wednesday that interest rates will remain near 0% until the end of 2022 and its bond buying program would continue. Bitcoin (BTC) was trading around $9,894 as of 20:00 UTC (4 p.m. ET), gaining
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