Barry Silbert Steps Down As Grayscale Investments' Chairman Of The Board
Silbert, who is the CEO of the Digital Currency Group -- the parent company of Grayscale -- resigned from his post effective Jan. 1, 2024.
US To Target Banks That Help Russia War In Ukraine
The United States said Friday it will sanction foreign banks that support Russia's war in Ukraine, in a new bid to exert economic pressure on Moscow as it diversifies from the West to China.
Nigeria Economic Crisis Dampens Christmas Spirit
Lining up, they receive some rice, dried beans and other basic foodstuffs, whose soaring prices have left millions in Nigeria facing a bleak Christmas.
Angola To Quit OPEC Over Oil Production Quotas Disagreement
Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel's decision last month to further slash output next year.
Turkey's Central Bank Delivers Smaller Rate Hike
Turkey's central bank announced a smaller interest rate hike than in previous months on Thursday, signalling it is nearing the end of its monetary tightening as it battles double-digit inflation.
Illegal Mining, Smuggling Threaten Ghana's Cocoa Industry
Ghana, the world's second biggest cocoa producer, faces a growing risk to its harvest -- and blow to its crisis-hit economy -- from illegal mining and smugglers, industry officials, farmers and activists warn.
Bitcoin Dominance Plummets But Spot BTC ETF Progress Sparks Hope For $45K Target
Bitcoin ended last week at around $41,400, recording a 5.5% loss from the previous week's closing value of around $43,800. It continued to dip Monday, reaching a weekly low of about $40,425.
Bitcoin ETF Approvals Could 'Unlock Floodgates Of Advised Wealth' For BTC: Grayscale CEO
Sonnenshein, in an interview, talked about the importance of launching a spot Bitcoin ETF in the U.S., highlighting the magnitude of wealth held within advised assets and the significant opportunity a regulated BTC ETF could offer to tap into these vast resources.
ARK Invest Yields To SEC's Instruction As First Wave Of Possible Bitcoin ETF Approvals Nears
ARK's latest move suggests that the U.S. Securities and Exchange Commission did not budge on its preferred creations and redemptions model.
Shiba Inu Prepares For 'Big Announcement' As Kusama Teases 'Year Ending Surprise' For Shib Army
Unfortunately, the pseudonymous lead developer suppressed details of this announcement, and only teased "next week we have a VERY big announcement."
Bankrupt FTX And Celsius Move Multi-Million Dollars In ETH To Various Exchanges
The latest movements of ETH stashes by Celsius and FTX underscore the strategic reactions of both crypto businesses to the positive movement of the market.
Asian Markets Track Wall St To Extend Fed-fuelled Rally
Asian markets built on the previous day's rally Friday as investors recalibrated their outlook for the new year after the Federal Reserve indicated it will cut interest rates.
BoE Pauses, ECB Tipped To Follow As Rate Cut Pressure Mounts
The Bank of England held rates steady again Thursday with the European Central Bank expected to follow suit as inflation retreats, shifting investor attention to how fast policymakers will slash borrowing costs in 2024.
Rate Pauses In View On Busy Central Banking Day In Europe
The European Central Bank and the Bank of England were on Thursday expected to pause rates again as inflation retreats, while markets cheered the US Federal Reserve's clear signal that it would start slashing borrowing costs in 2024.
Argentina Slashes Subsidies And Devalues Peso By 50% As Milei's Austerity Plan Takes Shape
The new president of Argentina has begun a process of "shock therapy" in a bid to save the country from economic collapse.
Argentine Government To Unveil Measures To Avoid 'Hyperinflation'
President Javier Milei's new government will on Tuesday unveil a set of emergency measures to avoid "hyperinflation" that are expected to deliver a shock to the country's ailing economy.
Asia Tracks Wall St Rally Ahead Of Run Of Data, Fed Decision
Stocks tracked Wall Street higher and the dollar retreated Tuesday as traders awaited a bumper round of market-moving events, starting with the release of US inflation data later today.
Falling Inflation Shifts Focus To When ECB Could Cut Rates
With inflation dropping faster than expected and the economic outlook darkening, markets will be looking for clues about when eurozone borrowing costs might start to come down as rate-setters meet this week.
Egypt Election Offers More Of The Same Despite Crisis
Egyptians vote on Sunday in a presidential election overshadowed by war in neighbouring Gaza and with little doubt that the incumbent Abdel Fattah al-Sisi will secure a third term.
Milei Takes Office As Argentina Braces For Economic Reforms
Javier Milei will on Sunday be sworn in as Argentina's president, as the country steels itself for harsh spending cuts and economic reforms aimed at curbing rampant inflation.
Stock Markets Mostly Rise Before US Jobs
Stock markets mostly gained and the dollar firmed Friday before the release of key US jobs data, but Tokyo was knocked by the yen's recent rally.
No Surprises In Store As Egypt Heads To Polls
Egypt is gearing up this month for a presidential election certain to win incumbent Abdel Fattah al-Sisi a third term in office, despite rising public discontent as the country faces its worst ever economic crisis.
Argentina Will Not Join BRICS Under Milei, As Libertarian Prepares To Take Office
Argentina's President-elect is expected to withdraw Argentina from a planned expansion of the non-western economic alliance.
Grayscale Amps Up Bitcoin ETF Hype Saying Approval A Matter Of 'When', Not 'If'
Although timelines on the approval of spot Bitcoin ETF filings are uncertain, Grayscale said it remained "focused on uplisting GBTC to NYSE Arca as a spot Bitcoin ETF."
Bitcoin And Small Cap Stocks Continue To Lead Wall Street's 'Everything Rally' As Bond Yields Tumble
Bitcoin was up 5.2% for the week, followed by the Russell 2000 small caps index, which was up 3.5%. These gains outperformed the 0.2% tech-heavy Nasdaq 100 Index gains and the S&P 500 index's 0.9% gains.
Binance VIP Traders Tipped Off By Executives Ahead Of DOJ Settlement: Report
Some market makers already knew about the historic settlement agreement roughly a couple of months before it took place, as per a Bloomberg report.
Bitcoin Soars Past $40,000 On Optimism For US Trading Approval
Bitcoin on Monday rose past $40,000 for the first time since May last year, boosted by hopes that the United States will soon allow broader trading of the world's biggest cryptocurrency.
Argentina's Milei: From Rabble-rouser To Realist?
Libertarian Javier Milei stormed to election victory with wild promises of uprooting Argentina's political establishment and dramatically overhauling its ailing economy.
Inflation, Unemployment Weigh On DR Congo Leader's Economic Gains
President Felix Tshisekedi, who once vowed to transform DR Congo into "the Germany of Africa", has promised to create jobs if he is re-elected, after a first term marked by economic growth but soaring inflation.
Circle Distances Itself From Tron, Justin Sun; Denies Terror Financing Allegations
Circle CSO Dante Disparte said the firm cannot be involved in such activities as it is subject to regulatory regimes and laws centered on money laundering and countering terror financing.