USD/CNH remains steady around 6.8800 despite PBoC maintains status-quo
On March 18th, the People’s Bank of China (PBoC) announced an unchanged interest rate policy despite the street’s expectations of further expansion in the monetary policy stance. The central bank kept the one-year and five-year Loan Prime Rate (LPR) steady at 3.65% and 4.30%, respectively. The demand for more stimulus to spur economic recovery hasn’t […]
5 Altcoins to Watch this Week
The world of cryptocurrency can be highly volatile, with sudden fluctuations in the values of digital assets. Despite recent banking crises, Bitcoin has surged past the $28,000 mark, with other altcoins following its lead. In this article, we discuss five of the most vital tokens in the crypto world to watch out for. GMX: A […]
Australian banks are unquestionably strong
The Reserve Bank of Australia’s (RBA) Assistant Governor (Financial Markets), Christopher Kent, has provided insights into the bank’s stance on the economy’s current situation, with a focus on the impact of interest rates and the strength of Australian banks. Kent stated that the RBA’s regulatory requirements were being met, with the banks’ capital and liquidity […]
Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday
Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday Bitcoin, the leading cryptocurrency, has seen a remarkable rise in value in the last week, culminating in a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time. Over the last seven days, Bitcoin has increased in […]
House Democrats demand investigation into Goldman Sachs’s relationship with Silicon Valley Bank
Recently, a group of 20 House Democrats from California, led by Representative Adam Schiff, wrote to the Department of Justice, Securities and Exchange Commission (SEC), and the Federal Deposit Insurance Corporation (FDIC), urging federal law enforcement to investigate the relationship between Goldman Sachs and Silicon Valley Bank (SVB). Goldman Sachs acted as an advisor to […]
Pundits Perform Post-Mortem on Crypto Bank Crisis
Rewrite and expand this content to 800 words Other Illustration by Mitchell Preffer for Decrypt Crypto prices rebounded hard this week on news that the U.S. government will intervene to ensure that depositors of the failed industry-servicing institutions Silicon Valley Bank (SVB) and Signature would be made whole. As could be expected, Crypto Twitter was […]
Goldman Highlights Bitcoin as Best-Performing Asset
Goldman Sachs recently released a report detailing Bitcoin’s outstanding performance relative to traditional investment assets and sectors, such as technology and gold, in year-to-date returns and risk-adjusted performance. According to the report, the leading cryptocurrency has gained 51% in year-to-date absolute returns, surpassing not only gold (+4%) but also information technology (+16%), communication services (+15%), […]
Solana’s Year-To-Date Performance Is Up By More than 100%
Solana (SOL) has been the talk of the crypto town recently as its year-to-date performance has gone up by over 100%. According to the world’s largest crypto data aggregator, CoinGecko, SOL is leading the pack with an increase of 117% since March 2022. This is a significant jump compared to the performance of the crypto […]
Crypto Analytics Platform Reports Ethereum Supply Dropped By 66,000 ETH
Recent reports indicate that Ethereum has experienced a significant change in the reduction of its supply by 66,000 ETH, marking a historic milestone for the cryptocurrency. The market intelligence platform, IntoTheBlock, has confirmed that this is due to a portion of the ETH transaction fees being burned as a result of Ethereum’s transition to proof-of-stake […]
Bitcoin shines through banking failures, bailouts
MacroSlate Weekly: Bitcoin Emerges Strong Amidst Banking Failures and Bailouts Last week, several financial institutions experienced liquidity problems, and the Federal Reserve initiated what has been referred to as “stealth quantitative easing.” Through it all, Bitcoin emerged strong, hitting $27,000 and increasing by roughly 60% Year-to-Date (YTD). Macro Highlights The US is experiencing high inflation, […]