cryptocurrencies
Top StoriesCrypto’s Latest Meltdown Leaves Punters Bruised and Bewildered
Top StoriesCryptoverse: Crypto Lenders Face a DeFi Drubbing
TradingEuro Rises With Focus on Ecb, Dollar Retreats
TradingCrypto Industry Fears Contagion as Bitcoin Slips Under $20,000
Consumer Demands: Digital Assets Challenging Mainstream Banking
Date: June 17, 2022
By Berivan Demir, Product and Banking Relations Director of Clear Junction After two years of explosive success for fintechs, the pace of innovation hasn’t slowed down yet. Fintech start-ups raised $32.4B globally in Q1 2022, which is up 27% year on year and is largely driven by venture capitalist investment in cryptocurrency, raising over 7...
Dollar Eases Ahead of Fed Interest Rate Decision
Date: June 15, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar edged lower against a basket of currencies on Wednesday but remained near the two-decade high touched in the previous session as traders awaited an interest rate decision from the U.S. Federal Reserve later in the session. An ad-hoc European Central Bank policy meeting helped lift...
Bitcoin Sinks to Fresh 18-month Low as Crypto Meltdown Deepens
Date: June 15, 2022
By Tom Wilson and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) -Bitcoin slumped on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,079.72, its lowest since December 2020....
Euro Jumps as ECB Holds Unscheduled Meeting, Dollar Awaits Fed Move
Date: June 15, 2022
By Samuel Indyk LONDON (Reuters) – The euro jumped after the European Central Bank’s governing council said it would hold an unscheduled meeting on Wednesday to discuss the recent sell-off in government bond markets, hours ahead of a closely-watched meeting of the U.S Federal Reserve. The European common currency rose as to as high as...
Bitcoin Tumbles as Crypto Sell-Off Accelerates
Date: June 15, 2022
By Tom Wilson LONDON (Reuters) – Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and spurring a sharp fall in crypto markets sparked by crypto lender Celsius freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,289, its lowest since December 2020. It has...
Dollar Edges Higher as Traders Await Fed Rate Move
Date: June 14, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged higher against a basket of currencies on Tuesday, to scale a fresh two-decade high, as traders braced for an aggressive rate hike from the U.S. Federal Reserve this week to try to curb inflation. Rising expectations that the Fed will raise interest rates by more...