The Federal Reserve raised interest rates by a quarter percentage point and signaled six more such hikes this year, launching a campaign to tackle the fastest inflation in four decades even as risks to economic growth mount. Policy makers led by Chair Jerome Powell voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the …
New York Session Heads Up | March 16, 2022
What happened before this: Kremlin Says Neutral Ukraine With Army Could Be Compromise Lavrov: Ukraine Peace Talks Not Easy, Sees Hope For Compromise Ukraine Says It Launches Counteroffensives Against Russian Forces Fed Chair Powell Poised To Raise Interest Rates Amid Soaring Inflation US Mortgage Demand Falls As Interest Rates Surge To Multiyear Highs Germany To Borrow Up To €200Bln In …
European Session Heads Up | March 16 2022
What happened before this: Russia Bombards Kyiv As European Leaders Arrive In Ukraine’s Capital Ukrainian President: Positions Of Ukraine, Russia Sound More Realistic Ukrainian Official: Talks Are Very Difficult, Sees Room For Compromise Fitch: Russian Rouble Payment Of USD Coupons Would Be A Default Fed Wrestles With Challenge Of How Quickly To Raise Interest Rates Biden Signs $1.5 Trillion Government …
New York Session Heads Up | March 15, 2022
What happened before this: German ZEW Economic Sentiment Falls At Record Pace In March Eurozone Industrial Production Remained Flat In January, Missing Estimates ECB’s De Cos: Russia Invasion Will Have Impact On Econ Activity And Inflation EU Bans Top Credit Rating Agencies Rating Russia And Russian Firms French FinMin Le Maire: Global Minimum Corporate Tax Plan On Right Track UK …
Bitcoin ATMs Banned in U.K. as CBDC Job Ads Go Live
Bitcoin ATMs Banned in U.K. as CBDC Job Ads Go Live, Operators of crypto ATMs have been told to “shut their machines down or face enforcement action” — amid fears that they offer inadequate protections against money laundering. Bitcoin ATMs are set to vanish in the U.K. after the Financial Conduct Authority told operators to “shut their machines down or …
European Session Heads Up | March 15 2022
What happened before this: Talks To End Ukraine War Pause As Russia’s Offensive Intensifies Ukrainian Presidential Adviser: The War Could Be Over By May Manchin, Collins Opposition Likely Dooms Biden’s Fed Nominee US Sewer Data Warns Of A New Bump In Covid Cases After Lull Eurozone To Tighten Fiscal Policy In 2023, But Ready To Reverse France’s Covid Infections Keep …
Big Win for BTC: Proposal Limiting Proof-of-Work Is Rejected in EU Parliament
Big Win for BTC: Proposal Limiting Proof-of-Work Is Rejected in EU Parliament. A provision that could have forced proof-of-work cryptocurrencies like bitcoin to shift to more environmentally friendly mechanisms failed to get the votes required. A proposed rule that could have, in effect, banned the popular cryptocurrency bitcoin across the European Union (EU) has been quashed. The European parliament’s economic …
New York Session Heads Up | March 14, 2022
What happened before this: Ukraine Presidential Adviser: Talks With Russia Ongoing 10-Year Treasury Yield Hits 2.08% — Its Highest Point Since July 2019 ECB’s Kazaks: `Very Possible’ Net Bond-Buying Will End In Q3 ECB: Eurozone Banks Must End Delay In Climate Risk Disclosures EU To Hold Back On Rule-Of-Law Budget Fight Amid War In Ukraine Germany May Need More Debt …
Brief Spike After Musk Says He Isn’t Selling | BTC, ETH, DOGE
Bitcoin, Ether, Doge See Brief Spike After Musk Says He Isn’t Selling. Bitcoin, which has fallen as much as 2.9% before Musk’s tweet, briefly erased losses before retreating again. Ether was up as much as 2.3% before giving up some gains. Dogecoin’s 3.8% gain over the past hour was the biggest among cryptocurrencies. When it comes to cryptocurrencies, Tesla CEO …
Potential plummet for BTC and ETH as EU Measure could ban Bitcoin & Ethereum
Potential plummet for BTC and ETH as EU Measure could ban Bitcoin & Ethereum. Two-thirds of the Bitcoin network is anticipated to fall down if the EU prohibits proof-of-work mining. Government policy has made Bitcoin very centralized. One of its most serious weaknesses was neglected by maxis. There’s no status-quo will give their power voluntarily. They will use all the …