Bitcoin (BTC) faces potential price volatility this week as the Federal Reserve (Fed) is likely to cut the US interest rate by at least 25 basis points (bps), according to the latest “Bitfinex Alpha” report. However, the movement depends on whether the Fed will cut 25 bps or 50 bps, as a smaller cut could …
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Bloomberg senior ETF analyst Eric Balchunas refuted recent allegations against Coinbase that claimed the exchange was not using BlackRock’s funds to buy actual Bitcoins (BTC). The rumors surfaced on social media on Sept. 16 and alleged that Coinbase was issuing letters of debt instead of backing IBIT ETF with Bitcoin. The speculators further alleged that the …
The Royal Government of Bhutan holds 13,029 Bitcoin (BTC), worth roughly $755 million at current prices, according to on-chain data gathered by Arkham Intelligence. Additionally, wallets tied to the Himalayan kingdom hold 656.013 Ethereum (ETH), worth approximately $1.5 million. Fourth among governments According to CoinGecko data, governments held 2.2% of Bitcoin’s supply as of August. …
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Congressman Ritchie Torres has called on the Commodity Futures Trading Commission (CFTC) to regulate election-related prediction markets rather than blocking them. In a letter addressed to CFTC Chair Rostin Behnam, Torres urged the regulator to focus on promoting responsible innovation and working with platforms like Kalshi and Polymarket to ensure such markets are regulated rather …
On Monday, U.S.-based Microstrategy, the publicly traded business intelligence (BI) company, unveiled plans for a private offering of $700 million in convertible senior notes. The BI firm plans to raise capital to pay off existing debt and purchase more bitcoin. Microstrategy Reveals Another Private Offering According to Microstrategy’s (Nasdaq: MSTR) announcement, the notes, set to …
BOB (Build on Bitcoin), a hybrid layer two (L2) solution integrating Bitcoin and Ethereum, has launched BOB Stake, a new one-click bitcoin staking product. The platform allows users to stake bitcoin (BTC) and utilize Liquid Staking Tokens (LSTs) across decentralized finance (defi) applications. BOB Introduces One-Click Bitcoin Staking Portal and SDK According to the announcement …
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Qatar Financial Center (QFC) has launched its Digital Assets Lab, selecting 24 participants to develop innovative digital solutions using distributed ledger technology. Key partners include Google Cloud, Masraf Al Rayan, The Hashgraph Association, and R3. Lab Participants to Lead Digital Transformation In a move signaling Qatar’s embrace of digital assets, the QFC, the region’s leading …
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Jan Nieuwenhuijs, a gold market analyst, claims that Saudi Arabia has been covertly buying gold since 2022, trying to get its hands on physical gold due to its neutral and sanction-proof traits. According to his figures, 160 tonnes have been acquired without disclosure, likely to avoid upsetting the U.S. government for these actions. Analyst Alleges …
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As the U.S. central bank members prepare for their meeting on Wednesday, just a day ago, the likelihood of a 25-basis point (bps) rate cut versus a 50bps cut was evenly split at 50-50. Fast forward to today, and the odds are now tipping in favor of a larger 50bps reduction. Predictions from betting market …
Continue reading “CME Futures and Polymarket Predict Jumbo 50bps Rate Cut – Will the Fed Deliver?”
PRESS RELEASE. Singapore – September 16 — The Open Art, hosted by Blum, TONX, and TON Society and co-hosted by CoinGecko, All At Once, TonBit, and Google Cloud during Token2049 Singapore, is set to be an evening where innovation meets freedom of expression. With over 7000+ registered attendees, the event will take place on September …
US House lawmakers will hear from a former SEC commissioner and crypto industry leaders at their “Dazed and Confused” digital assets hearing on Sept. 18.
The proceeds will be used to pay off $500 million in existing debt and to purchase more Bitcoin. MicroStrategy currently holds 244,800 BTC.
Fantom price flashes a classic bullish trading pattern which could extend its month-long double-digit rally.
US crypto giant Coinbase has successfully gone live with the launch of its wrapped Bitcoin token at a $100 million market cap. The firm’s Coinbase Wrapped BTC (cbBTC) is a Bitcoin (BTC)-backed, Ethereum (ETH)-based token that aims to help users streamline their decentralized finance (DeFi) experience. Data from CoinGecko shows that cbBTC started trading on …
The CEO of analytics firm CryptoQuant says he’s concerned about the direction that the digital asset industry is heading. Posting to the social media platform X, Ki Young Ju says that the builders who used to create things that traders loved have disappeared, largely due to overzealous regulations, being imprisoned, or making too much money …
