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Cryptos trade flat as the DXY resumes its climb higher
Oct 6, 2022 04:48PM(Kitco News) - The crypto market traded flat on Thursday as a resurgence in the dollar sparked by interest rate hike fears put pressure on global financial markets.
MakerDAO to invest $500 million in US treasuries and corporate bonds
Oct 6, 2022 03:23PM(Kitco News) - MakerDAO, which is responsible for minting the stablecoin DAI, will be investing $500 million worth of its reserves in US treasuries and corporate bonds.
The short-squeeze won't last, silver price to end the year lower warns Metals Focus
Oct 6, 2022 01:35PM(Kitco News) - Although off its highs and back below $21 an ounce, silver is seeing its best week since July as it benefits from a short-squeeze rally; however, one research firm said that despite the short-term rally, investment demand will continue to weigh on the precious metal through the rest of the year.
Grayscale launching Bitcoin mining investment vehicle
Oct 6, 2022 01:25PM(Kitco News) - Grayscale has announced the launch of a new investment product that is designed to give investors exposure to Bitcoin mining hardware.
Gold price gets another downgrade as Fed has another 175bps to hike, says Commerzbank
Oct 6, 2022 12:22PM(Kitco News) - Despite an impressive start to October, banks continue to downgrade their year-end gold price forecasts, with Commerzbank now slashing its estimate by another $100 due to rising Fed rate hike expectations.
European Commission bans cross-border crypto payments between Russia and the EU
Oct 6, 2022 12:18PM(Kitco News) - The EU has introduced a new set of sanctions that includes a total ban on cross-border crypto payments between Russia an the EU.
SWIFT achieves interoperability between its current infrastructure and digital assets
Oct 6, 2022 10:30AM(Kitco News) - SWIFT revealed that it has successfully transferred CBDCs and tokenized assets on its existing financial infrastructure and between different DLT networks.
Analysts warn of further downside as Bitcoin struggles to hold support at $20k
Oct 5, 2022 05:03PM(Kitco News) - Volatility spikes across financial markets as a resurgence in the DXY puts pressure on Bitcoin, altcoins and the stock market.
Bitcoin faces resistance at $20,300 as global investors hope for a "Fed Pivot"
Oct 5, 2022 03:36PM(Kitco News) - Bitcoin price has held up in the face of a surging dollar, but it needs to overcome resistance at $20,300 and navigate multiple headwinds if it hopes to climb higher.
Japan to promote the expanded use of Metaverse and NFTs
Oct 5, 2022 01:18PM(Kitco News) - Japan's Prime Minister announces plans to expand investments into the Metaverse and NFTs as their global adoption continues to rise.
The European Council approves the MiCA, moving it closer to full implementation
Oct 5, 2022 12:20PM(Kitco News) - The European Council voted to pass the MiCA, which will now progress to the Parliament's economic affairs committee for an official vote of approval.
Fidelity launches Ethereum Index Fund, Bitwise offers Metaverse ETF
Oct 5, 2022 10:13AM(Kitco News) - Institutions continue to increase their crypto offerings as Fidelity now offers an Ethereum Index Fund while Bitwise has launched a Metaverse ETF.
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