Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
England
Bank of England Cuts Interest Rate By 25 Basis Points
The post Bank of England Cuts Interest Rate By 25 Basis Points appeared first on Coinpedia Fintech News The Bank of England has decided to cut interest rates by 25 basis points moving it from 5.25% previously to now at 5.0%. This is the first time in four years, since the onset of the COVID-19 pandemic in 2020, that the Bank of England has chosen to pivot from its monetary tightening policy amid soaring inflation. While the BoE Governor Andrew…
10 months ago
The Incoming Bank of England Governor Hints Investors Could Lose All Their Bitcoin
A stern warning by the incoming governor of the Bank of England, Andrew Bailey, has been issued against investing in Bitcoin. In a 4th March 2020 Address to the UK's members of parliament, Bailey said that Bitcoin lacks any intrinsic value. Anyone investing in Bitcoin must thus be prepared to lose all their funds. He chipped at the failure of Bitcoin to live up to its expectation of widespread adoption. The incoming governor starts his duty as the new head…
5 years ago