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Bitcoin check: Impact of BRC-20 Standard and Ordinals NFTs on Satoshi’s Dream
It’s May 7, Binance, the largest cryptocurrency exchange network, goes to Twitter to announce a halt of BTC withdrawals citing network congestion.
UK evades recession but still faces worst inflation in 5 decades
Bank of England boss, Andrew Bailey, announced that the bank expects a fall in UK’s inflation this year but pushed its 2% target to the Q4 of 2024.
US Chamber of Commerce files a brief in support of crypto for SEC vs. Coinbase proceedings
The U.S. Chamber of Commerce has just filed a brief in Coinbase v. SEC case, calling out the SEC for acting "unlawfully" in the digital asset space. Coinbase case to save crypto from unfriendly regulation? The U.S. Chamber is a highly influential organization...
Brits to endure more pain as BoE hikes interest rates to 4.5%
Brits to endure more pain as leaks reported by Fintech Express yesterday prove right as 25 basis point interest hike gets announced in the U.K. Now, the Bank of England has made it official, which marks a record 4.5% range which was last seen 15 years ago. At the...
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%.