Traders decided yesterday that the central bank will fail to achieve any of its policy objectives and struggle to fight inflation amidst the lingering threat of recession.
Bitcoin was already edging higher on expectations that the Fed would gradually water down the punch bowl.
As widely expected, the Fed raised interest rates by 0.50% on Wednesday for the first time since 2000.
While Bitcoin-backed loans are not new for DeFi, they could revolutionize traditional finance if they gain enough traction on Wall Street.
Widely used as a fear vs. greed gauge, the VIX has now swung so far in the negative that there are some on Wall Street who think that a sharp…
The combination of high inflation and a weakening global economic outlook, with the U.S. economy shrinking 1.4% year-on-year in the first quarter will provide sufficient food for thought as the…
Goldman Sachs offers Bitcoin-collateralized loan as more Wall Street heavyweights get in on cryptocurrencies.
Cumulative inflows into ARK Innovation ETF belie the narrative that investors have been leaving the fund in droves.
Investors turn bearish on stocks despite robust earnings season as the outlook looks bleak against a slew of macro factors.
The latest financial juggernaut to throw its hat in the ring has been Jefferies Financial Group, which is expanding banking services for cryptocurrency clients.