VanEck’s MVIS and CryptoCompare Launch Bitcoin Benchmark Rate

2020-06-03

VanEck company MVIS and cryptocurrency data provider CryptoCompare are launching an hourly Bitcoin (BTC) Benchmark Rate, which has been developed in close cooperation with cryptocurrency bank SEBA. In an announcement on June 3, MVIS outlined that the new rate aggregates BTC transaction prices on the top five trading venues includedRead More →

Asian markets mixed after China cuts loan prime rate

2020-02-19

Asian markets were mixed in early trading Thursday after China’s central bank cut its loan prime rate, as expected. The People’s Bank of China cut its benchmark one-year loan prime rate by 10 basis points, and the five-year loan prime rate by 5 basis points. That came days after centralRead More →

August Jobs Data May Not Prevent Another Rate Cut

2019-09-13

Source: Financial Times The August jobs report reflected showed 130,000 jobs were added, the weakest level of jobs growth: US job growth slowed to its weakest level in three months in August despite a boost from temporary hiring for census workers, as uncertainty stemming from the US-China trade war weighedRead More →

Trump says he wants more than ‘small’ Fed rate cut

2019-07-29

Associated Press President Donald Trump has been pressing for easier Fed policy since last fall. President Donald Trump on Monday made it clear that he wants more than a quarter-point interest rate cut from the Federal Reserve. “A small rate cut is not enough,” Trump wrote on Twitter on Monday.Read More →