Trillion dollar coin: The new savior in the US debt crisis?
The Treasury has been weighing its options in the wake of the ongoing financial crisis with a trillion-dollar coin being in the cards. However, that move has not been welcomed by many as some nations are moving away from the US dollar which could lead to de-dollarisation and stripping off of its stature as the world reserve currency.
Analysts expect a 12th straight interest rate hike from the Bank of England, but the outlook remains murky
The Bank of England is expected to propose a 12th consecutive hike in interest on Thursday to keep the fight against inflation lively. The nation’s Core inflation remains unchanged, highlighting the possibility of entrenchment. As such, analysts expect the bank to announce a 7-2 split vote pushing the hikes trend upwards to hit 4.25% to 4.5%.
Bittrex files for bankruptcy in the US weeks after SEC lawsuit
Bittrex crypto exchange has revealed that they have filed for bankruptcy, and the Treasury’s Office of Foreign Assets Control is its largest creditor.
Bitcoin Ordinals to hit Binance NFT Marketplace
Binance has announced that it will enable the trading of Bitcoin Ordinals NFTs in its marketplace via a recent announcement. It has stated that it will allow investors to trade their Ordinals NFTs using the already existing wallets.
Fed policies are affecting trust in US Banks; Family Offices are also wary of crypto
The ongoing banking collapse is sending shivers down the spines of US investors as they are losing trust in the policies that the Fed has been issuing. This has been seen via an increasing number of Short sellers in the stock market and bank withdrawals sending major banks under.
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