How the Bank of Japan wrecked the yen carry trade — and crypto markets
Why did the crypto market lose 15% of its value in one weekend? Thank the Bank of Japan for playing a starring role.
Related Posts
Bitcoin price struggles to defend $21K as Coinbase faces new SEC wrath
Bitcoin (BTC) fell to $21,000 on July 26 after it emerged that major United States cryptocurrency exchange Coinbase was under investigation.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$21,000 now "super critical" for BTC bullsData from Cointelegraph Markets Pro and TradingView showed a swift reversion to lower levels for BTC/USD as reports emerged of fresh legal problems…
Polygon and others extend helping hand to Terra blockchain projects
These efforts are sure to help get many Terra projects back on their feet following last week's devastating events. 934 Total views 3 Total shares Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to…
Securities regulators oppose special treatment of crypto in Coinbase case
Digital assets should not be seen as “somehow special,” nor should action against Coinbase be seen as “novel or extraordinary,” argues an association of North American securities regulators.In an Oct. 10 filing in the United States District Court for the Southern District of New York supporting the U.S. Securities and Exchange Commission (SEC), the North
Luxembourg University Postdoc: Central Bank Digital Currencies Too Attractive to Ignore
The idea of issuing a central bank digital currency (CBDC) is too attractive to ignore, a postdoctoral researcher from the University of Luxembourg wrote in a study. The research was shared by the Oxford Business Law Blog on Friday, Feb. 22.Hossein Nabilou, a postdoctoral researcher at the Faculty of Law, Economics, and Finance of the…
Bitcoin treads water at $43.5k as interest rate concerns weigh heavily on global asset prices
Bitcoin price consolidates near $43,500 as analysts predict a possible breakout to $50,000 if support can hold above $43,100. 321 Total views 31 Total shares Global financial markets continued to face an uphill battle on April 7 following recent hawkish comments from the United States Federal Reserve hinting at a rapid rise in interest rates…
Nigeria central bank missed opportunity for blockchain regulation in 2021 — Convexity CEO
Adedeji Owonibi stated that the Central Bank of Nigeria should have created a blockchain regulation strategy in 2021 instead of cutting ties between cryptocurrency exchange firms and local banks. 56 Total views 8 Total shares A group of Nigerian digital asset professionals took to the stage at the Stakeholders in Blockchain Technology Association of Nigeria
Crypto ad deals for Super Bowl LVII fell apart after FTX collapse: Report
There had reportedly been a few deals for crypto commercials in this year's Super Bowl that fell apart following the collapse of FTX, but at least one project is giving away NFTs. 167 Total views 1 Total shares Own this piece of history Collect this article as an NFTFans watching the Kansas City Chiefs face…
North American Seafood Firm to Use Blockchain Tech in Supply Chain
North America’s largest branded shelf-stable seafood firm Bumble Bee Foods has launched a blockchain platform for seafood traceability. The project was created in collaboration with German tech company SAP specializing in enterprise software, according to a press release on March 8.Based on SAP Cloud Platform Blockchain service, the new platform can purportedly monitor the supply…