While most investors still expect the Fed to raise rates by at least 0.25% in March, the pace of rate hikes thereafter is projected to moderate.
Overnight, Western sanctions which hit ordinary Russians and Ukrainians whose cities remain under siege turned to trading Bitcoin to try and cater for the gaps in their financial systems.
Predictably, Europe’s banking stocks were hit hard on Monday, sinking to their lowest in two months, after the U.S. and European Union kicked Russia off the international SWIFT transaction messaging…
Bitcoin, which showed some signs of retaking US$40,000 last week has since fallen to US$37,700 at the time of writing while Ether is barely clinging on to US$2,600.
With inflation in the major economies of U.S. and Europe soaring, the Russian invasion of Ukraine has just thrown a spanner into the works for central bankers
More cryptocurrency industry participants looking to get a piece of the regulated crypto derivative pie to cater to demand in the retail sector
Russian invasion of Ukraine could see a more dovish European Central Bank despite inflationary pressures
Just weeks before the Russian invasion of Ukraine, Moscow published a legal notice that started the country on a process of legalizing cryptocurrencies,
Higher inflation, lower economic growth and greater uncertainty are all conspiring to make things particularly challenging for the Fed’s policymakers
The number of personnel moving between jobs in the U.S. cryptocurrency industry and government agencies has soared.