Interest – DIGIT INFO

Gemini creditors revolt over ‘brutal’ Bitcoin slashing reorg plan

DIGIT — Thu, 14 Dec 2023 05:04:50 +0000

Under the proposed plan, Gemini Earn users may only recover 61% of their lost funds in a worst-case scenario.

ByBit joins crypto exchanges offering crypto lending services

DIGIT — Tue, 02 May 2023 10:18:04 +0000

Dubai-based cryptocurrency exchange ByBit rolls out cryptocurrency lending service, joining a handful of major exchanges that offer interest-bearing lending facilities.

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No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again

DIGIT — Sat, 29 Apr 2023 16:34:58 +0000

Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of […]

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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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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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How the Federal Reserve Is Now Competing With Banks for Deposits: Enter the Reverse Repo Facility

DIGIT — Tue, 04 Apr 2023 10:00:01 +0000

The U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion in deposits. According to analysts, this has affected bank deposits, as investors run to grab the higher yields it offers compared to traditional banks. The […]

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Study Finds El Salvador Remains One of the Countries Most Interested in Bitcoin

DIGIT — Wed, 15 Mar 2023 11:30:33 +0000

A recent study that examined the interest of several countries in bitcoin and crypto ranked El Salvador as second for having the most interest in the issue. While the U.S. was still ranked first, El Salvador’s high rank comes amidst criticism President Nayib Bukele has drawn from Salvadorans for his push for bitcoin adoption. El […]

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Artificial Intelligence and Cryptocurrency: The Rise of AI-Focused Projects in 2023

DIGIT — Sun, 29 Jan 2023 23:04:51 +0000

Trends show that artificial intelligence (AI) will be a major topic in 2023, as data indicates a surge in interest. Since interest peaked and Microsoft invested billions into Chatgpt, demand for AI-focused cryptocurrency projects has risen dramatically. For example, the crypto project Fetch.ai has seen its native token FET rise 212% in the past 30 […]

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Nearly $13 Billion in Sales: Breaking Down 5 NFT Collections by Sales Volume

DIGIT — Sun, 29 Jan 2023 15:30:26 +0000

Non-fungible token (NFT) assets have existed since at least 2014, but interest in them began to rise in January 2021, according to Google Trends data. Approximately one year later, the search term “NFT” reached its highest score on Google Trends. During that time the top five NFT collections, in terms of all-time sales volume, have […]

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