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Bitcoin price slammed below $27K in the wake of the Fed's interest rate hike
Mar 22, 2023 05:07PM(Kitco News) - The Federal Reserve hiked interest rates by 25 basis points, sending asset prices whipsawing across financial markets.
Consumers cash in on unwanted gold as its price soars amid a spreading bank crisis
Mar 22, 2023 04:58PM(Kitco News) - The U.S. banking crisis and rising gold prices are prompting consumers to cash in on their unwanted and broken gold jewelry, and this trend will only continue to grow, according to one gemologist.
Kiyosaki, McGlone and Brandt agree: Bitcoin will soar in the coming months
Mar 22, 2023 04:02PM(Kitco News) - As banks struggle in the face of rising interest rates, Robert Kiyosaki, Mike McGlone and Peter Brandt agree that Bitcoin is gaining favor with the wider public.
Xapo Bank becomes first licensed bank to integrate USD Coin payment rails
Mar 22, 2023 02:19PM(Kitco News) - Xapo Bank has become the first licensed bank in the world to integrate payment rails for USDC, allowing members to bypass costly and time-consuming SWIFT payments.
National cash shortage forces Nigerians to use the eNaira for payments
Mar 22, 2023 01:19PM(Kitco News) - Nigeria's demonetization policy has created a shortage of banknotes, prompting an increase in the use of the eNaira as an alternative payment method for Nigerians.
Decentralized cryptos bad, FedNow and digital dollar good - Economic Report of the President
Mar 22, 2023 11:58AM(Kitco News) - The Biden Administration released the latest Economic Report of the President on Monday, and for the first time, the report contained a dedicated section on digital assets.
Altcoins rally and Bitcoin holds above $28K as all eyes focus on the Fed
Mar 21, 2023 05:09PM(Kitco News) - Global financial markets trended higher on Tuesday as efforts to stabilize the banking system helped calm investors' nerves. Now, the focus is on the Fed and interest rates.
6% allocation to gold: How Société Générale is positioning its portfolio for a potential recession
Mar 21, 2023 05:07PM(Kitco News) - Gold continues to play an essential role in a diversified portfolio, with Société Générale saying it is maintaining a 6% allocation to the precious metal in its latest multi-asset Portfolio strategy.
Sony explores blockchain technology with NFT integration for PlayStation
Mar 21, 2023 03:31PM(Kitco News) - Sony has filed a patent for technology that integrates NFTs into its gaming consoles and allows them to be transferred to other gaming consoles or sold to other users.
IRS and Treasury issue new guidance on NFT taxation
Mar 21, 2023 12:29PM(Kitco News) - The Treasury Department and IRS have issued new guidance on NFTs and are asking for feedback on their plan to tax them as a collectible under the current tax law.
Circle looks to make France its European home base after USDC de-peg
Mar 21, 2023 11:39AM(Kitco News) - Circle is looking to expand its operations to France by applying to become a licensed Electronic Money Institution and a registered Digital Asset Service Provider.
U.K. authorities seize nearly $5 million in gold bullion from South American drug cartel
Mar 21, 2023 11:04AM(Kitco News) - A South American drug cartel has lost nearly $5 million in gold bullion after British authorities obtained a civil recovery order for more than 3,300 ounces of gold seized by border authorities at Heathrow Airport.
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