Fed’s ‘sugar high’ may propel Bitcoin surge: Arthur Hayes
Arthur Hayes connects Federal Reserve actions to a short-lived economic boost with ripple effects on Bitcoin and broader crypto markets, underscoring risks from yen carry trade unwinds.
Related Posts
Bitcoin ASIC manufacturer Bitmain pauses employee salary payments: Report
The firm cited difficulty in achieving "net positive cash flow," in making the decision. 108 Total views 1 Total shares Bitcoin application-specific integrated circuit (ASIC) manufacturer Bitmain has paused employee salary payments for September and beyond.According to recent local news reports, citing multiple Bitmain employees familiar with the matter, the firm has allegedly cut all
CoinMarketCap Launches Crypto Indices on Nasdaq, Bloomberg, Others
CoinMarketCap announced that it will launch two cryptocurrency benchmark indices on Nasdaq Global Index Data Service, Bloomberg Terminal, Thomson Reuters Eikon and Börse Stuttgart. The news was revealed in a post on the crypto data firm’s blog, published on March 20.The two indices are calculated and administered by German index provider Solactive, the post notes.Per…
Moonbirds fly into NFT top spot with $290M sold in four days
After selling for a mint price of 2.5 ETH on April 16, the floor price of Moonbirds has also quickly risen to 18.45 ETH. The freshly launched Ethereum-based Moonbirds NFT project is soaring to the top of the trade volume charts after generating $290 million worth of sales in just four days. There are 10,000…
Shanghai PBoC Warns Chinese Public Against Blockchain Investment Schemes
A social media account for the People’s Bank of China is warning citizens against illegal fundraising schemes that involve virtual currencies and blockchain. 867 Total views 21 Total shares The Shanghai branch of the People’s Bank of China (PBoC) published an article detailing the signs of a financial scam, mentioning virtual currency and blockchain as…
GameFi would become the onboarding point for Metaverse: Animoca Brands CEO
Siu noted that the Metaverse won’t be a single or central entity but a combination of several metaverses. 564 Total views 5 Total shares
Venmo enables users to automatically buy crypto with ‘cash back’ rewards
Paypal-owned payments firm Venmo has expanded its crypto support by enabling credit cardholders to convert their cash back rewards into four digital assets hosted on the platform. 82 Total views 1 Total shares Paypal-owned payments firm Venmo has launched a new crypto 'cash back' feature that includes zero transactions on crypto purchases. According to an…
Toshi Goes Native to Become ‘Coinbase Wallet’
Toshi, the open source decentralized app (DApp) browser and wallet developed by Coinbase, is now going native to become “Coinbase Wallet,” according to an official Medium post published August 15. The exchange presents the move as more than just a rebranding exercise, suggesting that the wallet will develop over time to offer more functionality than…
Bitcoin returns to $42K as markets await potential 7.9% CPI inflation data
Bitcoin (BTC) hit $42,000 on March 9 as an impressive overnight candle saw bulls reclaim support levels.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: Market “still fragile”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly “squeeze” through previous resistance at $39,600, going on to deliver 24-hour gains of 11.3%.Amid local highs of $42,438 on Bitstamp, the…