Following last Friday’s strong US jobs report and the subsequent odd increase in expectations for an upcoming Fed rate hike, risk-on assets are entering the final week before the crucial FOMC meeting scheduled for September 15-16. In the coming days, inflation data is likely to determine whether BTC continues its recovery or faces another major […]
Bitcoin Layer 2 network Liquid Network has reported a security incident in which purported white-hat hackers withdrew approximately 4,000 BTC, worth $320 million, from the Liquid Federation wallet. Blockstream is attempting to contact the parties involved through a signed on-chain message. Network Bug Must Be Fixed First In an update, Liquid said the funds were […]
Given the nature of its blockchain, bitcoin was long considered to move around within a broader four-year cycle prompted by the halving, which takes place in general every four years. However, the pattern has been rejected in the past year or so, and popular on-chain analyst Willy Woo took the same approach in his latest […]
A Bank for International Settlements (BIS) working paper tests the XRP Ledger (XRPL) as a proof-of-concept for verifying official statistics on-chain, recording cryptographic fingerprints of public datasets that publish in three to five seconds and verify in one to two. The Working Paper No 1374 essentially asks how statistical agencies can give users an independent […]
The monetary landscape in the United States changed in the past week or so, first after the hawkish stance taken by the current Federal Reserve Chairman, Kevin Warsh, and then following last Friday’s strong US jobs report. As such, the expectations have changed, with investors and experts pricing in a potential rate hike for the […]
The correlation between the leading cryptocurrency and the largest financial asset, gold, has climbed to its highest level since the 2020 pandemic, while its relationship with the Nasdaq has weakened significantly. The shift comes as concerns about debt, deficits, and currency debasement return to the spotlight after the latest developments in the US. Closer to […]
Standard Chartered extended its deliverable Bitcoin (BTC) and Ether (ETH) spot trading to institutional clients in the United Arab Emirates on September 3, becoming the first Global Systemically Important Bank (G-SIB) to offer the service in the country. The offering runs through Standard Chartered DIFC, the bank’s arm in the Dubai International Financial Center (DIFC), […]
The largest meme coin by market cap has soared on Saturday evening to $0.094, hitting a two-week high. The move is rather unexpected given the typically calm nature of the weekends. However, there were certain signs about a potential rally, even though DOGE has slipped from its local high to $0.09 as of press time. […]
South Korea’s Financial Services Commission unveiled a phased roadmap on September 4 for converting stocks, bonds and investment funds into blockchain-based tokens, with the earliest phase due to start in February 2027 once an amendment to the Electronic Registration Act takes effect. The plan links the country’s securities market to a stablecoin payment system that […]
Coinbase said this week it filed notice registrations with the US Securities and Exchange Commission (SEC) to offer single-stock perpetual futures domestically, according to a post from the company’s official account. The move adds another regulated derivatives product to Coinbase’s US lineup and comes as regulators continue sorting out how perpetual contracts should be classified […]