After wiping down $47.9 million in loans that were mostly secured by cryptocurrency mining rigs during the year 2022, the holding company for the cryptocurrency-friendly bank, BankProv, has announced that…
The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points to a range of 3.75% to 4%, a move that market participants, including cryptocurrency traders,…
Cryptocurrency prices on Wednesday are mixed, with Bitcoin (BTC) and Ethereum (ETH) showing a slight increase, while some other altcoins like Solana, Ripple and Cardano trading downwards on Wednesday morning,…
The US Federal Reserve on Wednesday announced a 0.75 percentage point interest rate increase as part of efforts to clamp down rising inflation without creating a recession. The latest interest…
The European Central Bank (ECB) on Thursday raised interest rates by 50 basis points (0.5 percentage points) and therefore brought its deposit rates back to zero from -0.5%. The hike…
BlockFi, a major crypto lending platform based in New Jersey, announced last Friday that it would increase deposit rates across several cryptocurrencies starting from July 1. The crypto lender said…
Based on hiked interest rates and the ongoing Russia-Ukraine war, crypto whales have shown signs of caution, given that their transaction volumes have been dwindling. On-chain insight provider Santiment explained:…
The United States Federal Reserve announced to raise its interest rates by 25 basis points, the first time in about three years it will be making such a move since…
The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of…
In a policy meeting on Wednesday, the U.S. Federal Reserve told the public that monetary easing will continue and the benchmark interest rate will be kept near zero. Just like…