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Bitcoin investors are bullish on the US Fed’s $100B loss
18.9.2023
The debt ceiling is unlikely to hold as the government faces increased pressure from interest rate payments, a potential catalyst for Bitcoin and cryptocurrencies
Russian Banks Say Digital Ruble Will Drive up Loan Rates – New CBDC Dangers?
15.9.2023
A major Russian banking association has warned that the digital ruble will drive up loan rates as banks struggle to cope with the soon-to-be-issued CBDC.
The Central Bank last month launched an 11-city “real-world” CBDC pilot in conjunction with 13 commercial banks.
But banking organizations have...
Crypto’s Interest in Rates
13.9.2023
Todd Groth of CoinDesk Indices explores the relationship between interest rates and bitcoin
Dormant Bitcoin Awakenings: $958 Million in ‘Sleeping Coins’ Stir in 2023
11.9.2023
In 2023, a notable wave of dormant ‘sleeping bitcoin’ transactions resurfaced, totaling a staggering 37,330 BTC valued at $958 million based on current BTC exchange rates. Throughout the year, analysis revealed that these inactive bitcoin wallets from 2010 and 2011 are becoming...
SEC Greenlights Nasdaq’s First AI-Powered Order Type
9.9.2023
The U.S. Securities and Exchange Commission (SEC) has approved a new artificial intelligence (AI)-powered order type for Nasdaq’s stock exchange. This marks the first AI order type approved for an exchange. Nasdaq says the latest technology aims to improve efficiency and performance on...
U.S. Interest Rates High Enough to Tame Inflation, Avoid Recession: Chicago Fed
8.9.2023
Federal Reserve Bank of Chicago economists predict low inflation and a resilient economy, a potential goldilocks scenario for risk assets, including cryptocurrencies
The Relationship Between Bitcoin and Interest Rates Is Breaking Down: Arthur Hayes
5.9.2023
The steepest Fed rate hike cycle in decades should have killed bitcoin and other risk assets, but a new relationship between the two are forming, Hayes argued in a Tuesday keynote at the ongoing Korea Blockchain Week
Economist Peter Schiff Warns Bidenomics Will Soon Be Exposed for Fraud
2.9.2023
Economist Peter Schiff has warned that Bidenomics “will soon be exposed for the fraud that it is, as inflation and unemployment heat up while the economy cools down.” He cautioned: “If Americans think the economy is bad now, just wait until they see what’s coming. Once...
U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%
1.9.2023
With spot bitcoin ETF aspirations sidelined after the SEC yesterday pushed off decisions on a raft of new applications, crypto bulls are hoping an employment slowdown and lower interest rates could provide a positive catalyst
September 'crash' to $22K? — 5 things to know in Bitcoin this week
28.8.2023
BTC price is looking frail as August comes to an end, and with Bitcoin bulls out of ammo, traders are preparing for more pain to come
Powell: More Rate Hikes May Be Needed to Curb Inflation
25.8.2023
The chairman of the U.S. Federal Reserve, Jerome Powell, warned on Friday that inflation remains too high and signaled the central bank may continue raising interest rates to get it under control. In remarks at the Jackson Hole symposium, Powell acknowledged recent progress in lowering inflation...
Fed's Powell at Jackson Hole: Prepared to Raise Rates Further if Appropriate
25.8.2023
Market participants were looking to Friday morning's speech to gauge the future direction of the U.S. central bank's monetary policy
S&P Downgrades 5 Regional US Banks Amid Challenging Banking Environment
24.8.2023
On Monday, S&P Global Ratings slashed ratings for five U.S. regional banks, pointing to the strenuous operating atmosphere plaguing the sector since the year’s outset. The impacted banks include Associated Banc Corp., Comerica Inc., KeyCorp, UMB Financial Corp., and Valley National...
Bitcoin Dreams Are Coming True in Argentina and Turkey
23.8.2023
It’s no surprise a BTC-backing candidate just won a primary election in Argentina
Bitcoin Bulls Mull the Meaning of New Fed Messaging on Inflation and Interest Rates
21.8.2023
Instruments tied to interest rates compete with Bitcoin for investor dollars
Mining Bitcoin on Household Electricity Most Profitable in Asia, Study Finds
21.8.2023
Despite significant variations in electricity rates and regulations, the Asian region as a whole has the lowest average cost of bitcoin mining for solo miners, new research shows. At the same time, the surge of energy prices due to Covid, heatwaves, and the war in Ukraine render bitcoin mining...
Legendary Investor Jeremy Grantham Predicts Inevitable US Recession, Challenges Fed’s Forecast
20.8.2023
A significant portion of investors and financial organizations surmise that the U.S. could avert a recession, but Jeremy Grantham, the co-founder of investment firm Grantham Mayo Van Otterloo (GMO), deems it inescapable. Grantham contends that the Federal Reserve’s optimistic prognosis...
Bitcoin Perpetual Funding Rates Crash as Price Slide Puts Short Volatility Bets at Risk
18.8.2023
Funding rates tanked on several exchanges, indicating a steep discount in bitcoin perpetual futures
CME Group to launch BTC, ETH reference rates aimed at Asia's investors
17.8.2023
CME reported nearly half of its crypto volume year to date came from non-U.S. trading hours and around 11% from the Asia Pacific region
Increased Interest Rates Drive Maker Protocol's Revenues to 2-Year High of $165 Million
15.8.2023
The annualized revenue generated by the popular decentralized finance (DeFi) protocol Maker has risen to over $165 million, representing a 2-year high.
The strong development in revenue could be seen in data from Makerburn.com, which at the time of writing also showed that revenue had surpassed...