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Dogecoin rallied this week after ATM operators adds the coin to the network

The dogecoin price rose 4% in the past 24 hours, hitting $0.141 at one point during the day, its highest price since Feb. 21. At press time, DOGE was changing hands at $0.136.

Different ATM’s operators based on US registered as a money services business with the U.S. Treasury Department or Europe said it "recognized the growing popularity of Dogecoin and decided it was time to include it."

With the ATMS, customers can buy certain kinds of cryptocurrencies with cash or...

The Federal Reserve raises interest rate to 0.50%, as expected

US indicators of economic activity and employment have continued to strengthen. Job gains have been strong in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. 

The invasion of Ukraine by Russia is causing tremendous human and economic hardship. The implications for the U.S. economy are highly uncertain, but...

Biggest Drop in the ZEW Economic Expectations in the last 30 years

A recession is becoming more and more likely. The war in Ukraine and the sanctions against Russia are significantly dampening the economic outlook for Germany. The collapsing economic expectations are...

Fitch has downgraded Russia's sovereign rating to C, says a default is imminent

The C rating in Fitch's assessment is only one step above default, bringing it in line with the Moody's current equivalent score of Ca.

"Further ratcheting up of sanctions and proposals that could limit trade in energy increase probability of a policy response by Russia that includes at least selective non-payment of its sovereign debt obligations," the ratings agency said.

On March 16, Russia is due to pay $US107 million in coupons across two bonds, though it has a 30-day...

The economy in Europe collapses dramatically due to the Ukraine crisis - Sentix

The economy in Europe collapses dramatically due to the Ukraine crisis. The overall index falls to its lowest value since November 2020. The expectations, which drop by -34.75 points, are eroding particularly severely. 

This has never happened before in the 20-year history of the sentix economic index!. 

A comparable picture emerges in Germany. The Eastern Europe region is suffering particularly badly and is falling into a deep recession. <...

Fear of collateral damage override the idea of cutting Russia off from the global financial system for now

According to WSJ, Russia's overnight assault on Ukraine triggered a surge of calls Thursday for Western allies to completely cut Russia off from the global financial system, but fear of collateral damage is quashing the idea for now.

President Biden joined other allies including Germany and Italy in ruling out the move -- at least for now. Instead, the U.S. rolled out fresh sanctions on Russian banks, including two of the country's biggest. Those actions hit 80% of the bank...

Russia's demand for cryptocurrencies could increase as a result of heavy economic sanctions

The European Union will impose "massive and targeted" sanctions on Russia over its aggression in Ukraine.
 

The sanctions will hit Russian financial sector, freezing Russian assets and banning the export of technology to Russia, European Commission President Ursula von der Leyen said Thursday morning. 

"These sanctions are designed to take a heavy toll on the Kremlin's interests and their ability to finance war," she said. Russian President Vladimir Putin "should...

Federal Reserve officials are open to the possibility of faster interest-rate increases later this year - FOMC

According to Dow Jones, Federal Reserve officials are open to the possibility of faster interest-rate increases later this year, as well as other policy-tightening measures, if inflation continues to run high, minutes from the central bank's January meeting show. 

The minutes, released on Wednesday afternoon, offer insight into the Jan. 25-26 meeting following which Fed Chairman Jerome Powell reinforced expectations that the central bank would begin raising interes...

The economic outlook for Germany continues to improve in February despite growing economic and political uncertainties

The ZEW Indicator of Economic Sentiment for Germany increased in the current February 2022 survey, climbing 2.6 points to a new reading of 54.3 points. The assessment of the economic situation in Germany also improved in the current survey. The corresponding indicator rose 2.1 points to a level of minus 8.1 points.

“The economic outlook for Germany continues to improve in February despite growing economic and political uncertainties. Financial market experts expect an e...

US inflation up 0.6% in January. Crypto and stocks trading lower on the news

The Consumer Price Index (CPI) increased 0.6 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 7.5 percent before seasonal adjustment.

Increases in the indexes for food, electricity, and shelter were the largest  contributors to the seasonally adjusted all items increase. The food index rose 0.9 percent in January following a 0.5-percent increase in December. The e...