hike – DIGIT INFO

Closure of Bitcoin Mining Center Causes Spike in Power Bills for Citizens in Norwegian Municipality

DIGIT — Sun, 15 Sep 2024 07:56:09 +0000

The recent closure of a Bitcoin data center in the Norwegian municipality of Hadsel has resulted in power hikes for citizens due to the inability to allocate the energy used by the operation to other purposes. While citizens and Hadsel’s mayor celebrated this development because of the noise emitted by the site, they now face […]

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‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says

DIGIT — Thu, 27 Apr 2023 13:15:01 +0000

Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has to bring inflation back to the 2% […]

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Gold Slides on Higher US Treasury Yields, Dollar

DIGIT — Wed, 19 Apr 2023 17:45:09 +0000

Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors Bet on Another Rate Hike in May […]

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Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate

DIGIT — Fri, 14 Apr 2023 07:50:06 +0000

Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank should be, nevertheless agree that more increases of key interest rates are yet to come. ECB Has Some Hikes Left to […]

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Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say

DIGIT — Fri, 07 Apr 2023 17:30:28 +0000

Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. At the same time, the cycle with the highest hikes may soon be over, the officials indicated. End of Most Aggressive Rate Hikes in Sight Despite Inflation, but More to Come Before It’s […]

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Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says

DIGIT — Thu, 22 Dec 2022 15:30:17 +0000

Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate increase announced by the monetary authority last week and revised projections showing higher than previously expected inflation in Europe ahead. ‘We Have No Choice But […]

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Bitcoin sees worst monthly close in 2 years as traders watch $16.7K

DIGIT — Thu, 01 Dec 2022 11:08:36 +0000

BTC price action strengthens into the November monthly candle close, but traders are already warning over getting too “cocky” on Bitcoin.

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Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7%

DIGIT — Thu, 03 Nov 2022 17:30:59 +0000

On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 basis points (bps). The increase brings the United Kingdom’s main lending rate to 3%, after a majority of the Monetary Policy Committee (MPC) members voted in favor of the 75bps increase. […]

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9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate Hike

DIGIT — Sun, 13 Jan 2019 16:00:19 +0000

A major utility in the U.S. state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges that they “acted inappropriately in creating and approving a new rate that raises electricity costs” for cryptocurrency miners. Also read: Indian Supreme Court Moves Crypto Hearing, Community […]

The post 9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate Hike appeared first on Bitcoin News.

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