Business Archives

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Swiss Bitcoin Advocates Campaign for Cryptocurrency Inclusion in National Bank Reserves

22/04/202422/04/2024Pooja ChauhanLeave a Comment

Swiss bitcoin enthusiasts are campaigning for the inclusion of the cryptocurrency in the Swiss National Bank‘s (SNB) reserves. An advocacy group is actively working to persuade SNB officials, with plans to discuss the proposal at an SNB committee meeting on April 26, according to a report by the Swiss newspaper Neue Zürcher Zeitung. Yves Bennaïm, […]

Bank of England Raised Interest Rates To 1.25%

Market Anticipates Earlier Rate Cuts from Bank of England as Inflation Expectations Adjust

22/04/202422/04/2024Pooja ChauhanLeave a Comment

On Monday, interest rate futures fully anticipated a quarter-point rate cut by the Bank of England (BoE) for their August meeting, with expectations set for two rate cuts by the year’s end. This marks a shift from last week’s more cautious projections. As of 0745 GMT, the futures indicated a 25 basis point cut by […]

Shiba Inu Team Assures SHIB Burns Are Proceeding as Planned, Urges Patience Amidst Delay

Shiba Inu Raises $12 Million for New Token TREAT from International Investors

22/04/202422/04/2024Pooja ChauhanLeave a Comment

Shiba Inu, the team behind the widely recognized memecoin, has successfully raised $12 million through the sale of its yet-to-be-released token, TREAT, to non-U.S. venture capital investors. The funding round attracted investors such as Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital, and Comma […]

BaFin Fines Commerzbank €1.45 Million for Anti-Money Laundering Failures

22/04/202422/04/2024Pooja ChauhanLeave a Comment

German financial regulator BaFin has imposed a fine of 1.45 million euros ($1.55 million) on Commerzbank for failing to adhere to anti-money laundering regulations, it announced on Monday. The fine relates to violations involving both Commerzbank AG and the former comdirect Bank AG, with Commerzbank AG now being the universal successor. “Commerzbank AG and the […]

MicroStrategy Adds 850 Bitcoin Worth $37.2 Million in January

Global Tensions Impact Gold Stability and Bitcoin Volatility Amid U.S. Geopolitical Funding

22/04/202422/04/2024Pooja ChauhanLeave a Comment

As global tensions persist, gold’s price holds steady at $2,391 per troy ounce, providing a stark contrast to bitcoin, which remains down by 12% from its peak. The U.S. House of Representatives has recently passed a series of funding bills aimed at supporting Ukraine, Israel, and Taiwan, totaling $95 billion. These bills also include provisions […]