Turkey’s central bank delivered a significant interest rate rise on Thursday, signaling a turn towards more traditional economic strategies to tackle sky-high inflation. The bank’s benchmark interest rate was increased by 6.5 basis points, to 15%. The first hike since March 2021, represents a leap from the current 8.5% but
Daizy’s Advanced Conversational AI Improves Investment, Risk, and Sustainability Decisions for a New Generation of Investors NEW YORK–(BUSINESS WIRE)–Daizy, a wealthtech startup that will revolutionize the financial services industry by harnessing the power of generative AI, announced today the launch of its ChatGPT plugin. The plugin democratizes investment research to
Financial powerhouse Valkyrie is the latest to apply to the U.S. Securities and Exchange Commission (SEC) for approval to launch a spot Bitcoin Exchange-traded fund (ETF). Spot Bitcoin ETF registration with the SEC was submitted by Valkyrie on June 21. They want to have the fund listed on the Nasdaq
Despite concerns surrounding the economy and regulatory actions targeting particular crypto exchanges, Bitcoin’s price exhibited remarkable resilience, surging past $30,000 and demonstrating sustained growth over the past few days. Reports indicate that the present value of BTC stands at $30,331.07, accompanied by a 24-hour trading volume of $31,662,818,930. Within the last
On Wednesday, Bitcoin and Ethereum values touched their highest point in six weeks, marking a general resurgence in the cryptocurrency market. In the previous day, the price of Bitcoin has increased by 8% to over $29,000, while the price of Ethereum has increased by 6% to over $1800. Meanwhile, in
A new application for a spot Bitcoin (BTC) exchange-traded fund (ETF) has been made by Invesco, a major investment management firm that manages $1.49 trillion in assets. This comes after Invesco and Galaxy Digital first applied to launch a Bitcoin ETF in 2021. A recent filing with the Securities and
WisdomTree Investments, a renowned asset management firm, has submitted an application to the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). This strategic move aligns with the growing market interest in Bitcoin ETFs, fueled partly by industry heavyweight BlackRock’s recent filing. The $87 billion asset manager, WisdomTree,
Binance USD (BUSD), was one of the top dollar-pegged stablecoins in the crypto market, but its growth has taken a side track since its issuer was sued by the Securities and Exchange Commission (SEC). The market cap of BUSD has now been on a decline, causing it to fall to
DUBAI, United Arab Emirates–(BUSINESS WIRE)–#B2Broker–B2Broker, an industry-leading liquidity and technology provider, has added Non-Deliverable Forwards (NDFs) to its existing range of liquidity options. This addition shows the company’s dedication to providing a full range of asset options and top-quality risk management tools to their clients. Now, B2Broker supports virtually every
The “OG” institutional Bitcoin investment vehicle seems to have gained value as a result of BlackRock’s Bitcoin aspirations. According to data compiled by tracking platform CoinGlass, the Grayscale Bitcoin Trust (GBTC) came dangerously close to new all-time highs on June 17. Late last week, when word spread that the biggest
