Inflation increased in January as expected, according to a key indicator the Federal Reserve uses when deciding whether to cut interest rates. The Dow Jones consensus estimate indicated that the personal consumption expenditures price index, which does not include food and energy costs, increased by 2.8% from a year ago and by 0.4% for the…
After Binance was hit with a historic settlement by the U.S. Department of Justice, the crypto industry can finally close the chapter on a long list of scandals and issues, according to Coinbase CEO Brian Armstrong on Monday. Armstrong stated, “We’re able to kind of close that chapter of history and turn the page on…
Francesca Carlesi, a former executive at Barclays, has been named as the new CEO of Revolut, a European FinTech company, effective Thursday. Carlesi, who has fifteen years of experience in the financial services industry and was previously employed at Deutsche Bank, was most recently the CEO of Molo Finance, a digital mortgage lender. Revolut’s spokesperson…
As optimistic investors assessed the possibility that the United States will finally see a bitcoin ETF in the upcoming months, cryptocurrency prices briefly soared to start the week. An unconfirmed report that the Securities and Exchange Commission had officially approved the iShares spot bitcoin ETF caused bitcoin to briefly spike above $30,000 on Monday morning….
