In response to the Biden administration’s intensified scrutiny of the cryptocurrency sector, Binance is set to restrict dollar withdrawals from its US-based cryptocurrency exchange in the coming days.
Cryptocurrencies continue downward spiral following lawsuit from American regulators
The ongoing decline in Bitcoin and Ethereum continues, as uncertainty is projected to keep influencing the market. Bitcoin, the cryptocurrency with the largest market capitalization, dropped 1.3% to US$26,432, while
Regulators Initiate Legal Action Against Coinbase Amid Increasing Scrutiny on Crypto Industry in the US
Coinbase, the leading US crypto asset exchange, faces a lawsuit from American regulators, marking a growing clampdown on the digital token sector.
Pending enforcement action may put over a third of Coinbase’s revenues at risk.
US regulator, the Securities and Exchange Commission (SEC), has sent a Wells Notice to Coinbase Global Inc (NASDAQ: COIN), a cryptocurrency exchange listed on Nasdaq.
The Bank of England governor, Andrew Bailey, has signalled interest rates may have peaked
Andrew Bailey, the governor of the Bank of England, has suggested that interest rates might have reached their highest point, following 10 consecutive hikes in the official borrowing cost since
The three stocks to sell as interest rates rise
The Bank of England raised interest rates by 0.5% to 4pc. This is the highest rate since the financial crisis.
UK workforce to shrink permanently in wake of pandemic, Bank of England
The Bank of England warned that Britain’s workforce would be permanently smaller following the pandemic. This will lead to stagnation.
The Bank of England raises interest rate for 10th time in a row
A majority of 7-2 votes in favour of increasing the Bank Rate by 0.5% to 4% by the Monetary Policy Committee.
Bank of England poised to raise interest rates for 10th time in a row on Thursday
The Bank of England will raise interest rates for the tenth time in succession at its policymakers’ meeting this week to further squeeze the finances of businesses and mortgage holders.
The Bank of England is expected to raise interest rates to 15-year highs this week
European stock markets are likely to open lower as investors prepare for central bank decisions in the UK and US later this week.
Bank of England makes £3.8bn profit after the mini-Budget collapse
Threadneedle Street received a return of approximately 20pc from the buyers who paid £23bn to buy the bonds.
Bank of England raises interest rates to a fresh 14-year high to 3.5pc
The Bank of England announced its ninth consecutive increase in interest rates. This brings them to their highest level since before the global financial crisis.