Federal Reserve Hits Pause on Interest Rate Hikes
In a move that signals a break from a campaign that spanned over a year, the Federal Reserve has decided to hold the interest rate steady for the month, remaining within the…
Section
Business & Economics
173 stories · page 16
US Senate Approves the Debt Ceiling Bill
The U.S. Senate passed the debt ceiling bill late Thursday, granting permission for the country to borrow further. The bill was supported by 44 Democrats, 17 Republicans, and 2 independents, resulting in…
Germany’s Recession and Its Impact on Cryptocurrencies
Germany, Europe’s largest economy, officially entered a recession in early 2023. The downturn came after a 0.5% GDP decline in the fourth quarter of 2022, followed by a further 0.3% drop in…
Elon Musk’s Neuralink Receives FDA Approval for First Human Trials
Neuralink, the brain-machine interface startup founded by Elon Musk, recently announced receiving approval from the U.S. Food and Drug Administration (FDA) for their inaugural human clinical trials. This approval comes after Musk’s…
Bitcoin Could Hit $100,000 by 2024, Says Standard Chartered
Standard Chartered announced on Monday that top cryptocurrency Bitcoin could reach a value of $100,000 by the end of 2024, suggesting the “crypto winter” is over. Geoff Kendrick, Standard Chartered’s head of…
Bank of America CEO Foresees Mild US Recession
Brian Moynihan, the CEO of Bank of America, recently mentioned a “relatively mild recession” coming to the US. During the bank’s quarterly earnings call, he highlighted that the US consumers are in…
Nasdaq to Launch Crypto Custody Services Amid Bankruptcy Fallout
US exchange group Nasdaq is entering the digital asset custody space following the recent bankruptcies of crypto lenders, well-established companies, and exchanges. Nasdaq Digital Assets plans to offer custody services for Bitcoin…
USDC Stablecoin Issuer Circle Seeks License to Enter French Market
Circle, the stablecoin issuer, has submitted applications to become a licensed e-money provider in France and to register as a crypto provider. If successful, the move will allow Circle to offer its…
India’s RBI and Central Bank of UAE Sign MOU for CBDC Bridge Development
India and the United Arab Emirates (UAE) have signed a memorandum of understanding (MoU) to develop a proof-of-concept and pilot program for a central bank digital currency (CBDC) bridge. The collaboration will…
FDIC denies reports of requiring divestment of crypto activities from banks
US bank regulators are reportedly requesting that any institution interested in buying Signature Bank give up all crypto business, further isolating the digital asset markets from traditional banking. However, the Federal Deposit…
You are all caught up.