Those to the right of Rishi Sunak like to dismiss the prime minister as a “Consocialist”. Others talk of “Heevesism”, an amalgam of the surnames of the chancellor Jeremy Hunt and his Labour shadow Rachel Reeves. These ugly and surely ephemeral appellations point to a simple argument, that the UK has stumbled into a period
Bitcoin moved closer to a fresh nine-month high on Wednesday, as markets prepared for today’s Federal Reserve interest rate decision. The Fed is expected to hike rates by 0.25%, despite inflation falling last month to 6%. Ethereum briefly rose above $1,800 in today’s session. Bitcoin Bitcoin (BTC) closed in on a fresh nine-month high in
Cardano (ADA) rallied to its best price level in a month as cryptocurrency investors prepared for the Federal Reserve’s looming interest rate decision. Fed boosts appetite for cryptos like ADA On March 22, ADA’s price surged by as much as 4.58% to $0.388, its highest level since Feb. 24. This bucked the trend as the total
People wearing protective face masks walk past the closed Nike store on 5th Avenue, during the outbreak of the coronavirus disease (COVID-19), in New York City, May 11, 2020. Mike Segar | Reuters Check out the companies making headlines before the bell. GameStop — The meme stock surged 44% after the company posted a quarterly
The wipeout of $17bn of Credit Suisse bonds has thrown into question further issuance in the market for risky bank debt, with some of Asia’s biggest banks considering pausing sales. Major banks in Japan, Singapore and Hong Kong are placing new additional tier 1 (AT1) bond deals on hold until market conditions stabilise, according to
European equities edged lower in early trade on Wednesday as investors looked ahead to the Federal Reserve’s decision on interest rates, in which the US central bank is expected to raise rates again to keep up the fight against inflation. The region-wide Stoxx 600 and Germany’s Dax both fell 0.1 per cent while the Cac
This is a big week for Chinese-owned short video app TikTok. Chief executive Shou Zi Chew will testify before the US Congress on Thursday. The list of US lawmakers who back a ban of the popular app for national security reasons is growing. A ban would set a worrying precedent for other Chinese apps. TikTok
press release PRESS RELEASE. Dubai, UNITED ARAB EMIRATES, March. 22nd, 2023, Undeads Metaverse, a highly anticipated AAA Web3 game, is excited to announce a competition for Undeads NFT holders. The competition will be broken down into three prizes. The first prize is the coveted MAYC NFT, while the second prize is the Bored Ape Kennel
According to Claudio Riff, the CEO of Pooky, a sport prediction game powered by blockchain, gaming may be one of the more effective ways of getting users to experience the potential of blockchain and Web3 without dealing with the associated complexities. Onboarding People to Web3 Through Gaming Pointing to the gaming industry’s appeal and reported
A For Sale sign displayed in front of a home on February 22, 2023 in Miami, Florida. Joe Raedle | Getty Images Mortgage demand has increased for three straight weeks now, as interest rates dropped in response to the recent bank failures. But rates are rising again, and that could put a damper on application
When it comes to the world of luxury real estate, closing a deal can be as nuanced as it is cutthroat. Here’s a look at how Boulder’s premier luxury specialist eclipsed the top sale ever recorded in Boulder County, Colorado. The Who: A longtime resident of Boulder, Marybeth Emerson of Slifer Smith & Frampton is
It took an accountant to nail Al Capone, as they say. But Donald Trump is not a 1920s Chicago mafia boss. He is a former and possibly future US president whose chances may even be helped by being indicted on relatively minor charges. The prospect that Manhattan’s district attorney could briefly handcuff Trump — possibly
Cathie Wood’s investment management firm ARK Invest is moving to take profits from its Coinbase stash, selling the first batch of Coinbase stock this year. On March 21, ARK sold 160,887 Coinbase shares from its ARK Fintech Innovation exchange-traded fund (ARKF) for $13.5 million, according to an investor notification seen by Cointelegraph. The transaction became
American venture capital investor and entrepreneur Tim Draper took the master stage at Paris Blockchain Week 2023 to give his keynote speech on, “The Decentralization of Everything” which he ended with a self-composed Bitcoin song. The speech opened by touching on the general distrust of cryptocurrencies – primarily Bitcoin (BTC) – from centralized governments. “I
Centralized regulatory organizations typically govern the inflation of asset prices in traditional capital markets. Is that the same in Web3? Who ensures fair play? In the United States, the Federal Reserve (the Fed) assumes the responsibility of maintaining inflation at reasonable levels by implementing tools such as altering interest rates, bond-buying programs and money printing.
The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on day-to-day crypto activity. In today’s episode, crypto analyst Pechman discusses how to analyze
Regulators and industry players highlighted a number of implications and potential impacts of the European Union’s Markets in Crypto-Assets (MiCA) regulation at the Paris Blockchain Week 2023. A panel titled ‘MiCA: How is the EU Regulating Crypto?’ delved into the proposed MiCA regulation which is expected to take effect in 2024. The 400-page regulatory guideline
Former UK prime ministers Boris Johnson and Liz Truss are planning to vote against a key part of Rishi Sunak’s new deal for Northern Ireland on Wednesday, saying it left the UK unable to fully “take advantage” of Brexit. The Windsor framework, unveiled by Sunak and European Commission president Ursula von der Leyen last month,
Good morning. Rishi Sunak faces the opposition of the Democratic Unionist party and a rebellion of the party’s most Euro-hostile MPs and his most implacable critics today. Meanwhile, Boris Johnson is set to be grilled by MPs over lockdown-breaking parties in Downing Street and whether he misled parliament. It’s a day of high drama but
Bitcoin (BTC) may “take out shorts” to crack $30,000 during the day’s key United States macroeconomic policy updates, analysis says. As bets pile up over how BTC price will react to the Federal Reserve’s decision on interest rates, $30,000 is in sight — but a drop to below $20,000 is not off the table. Trader
Russia-linked cryptocurrency exchange Bitzlato has partially restored access to user funds despite being officially seized by European authorities. Bitzlato has enabled its users to withdraw up to 50% of assets stuck on the platform due to enforcement from the United States and Europol, the firm announced on its Telegram channel on March 20. According to