The Japanese yen’s exchange rate versus the U.S. dollar recently plunged to its lowest rate in 32 years — 147.66 JPY per dollar. The yen’s latest fall comes less than a month after its slip in September prompted authorities to enter foreign exchange markets for the first time since 1998. Gap Between US Treasuries and
Bitcoin News
Complying with the latest EU sanctions targeting Russia, well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have started to restrict or terminate services for Russian accounts. The moves follow the adoption of new European penalties in response to Moscow’s military escalation in Ukraine. Major Crypto Platforms Conform to EU Measures, Restrict Services for Russian Users
Bank of America has found that younger wealthy Americans are 7.5 times more likely to hold crypto in their portfolios than investors aged 43 and older. “If the youngest cohort isn’t confident in stocks, where do they see opportunities for investment growth? Alternatives, including cryptocurrencies, which are their No. 1 choice,” the bank wrote. Young
Former Morgan Stanley CEO John Mack has confirmed that he still owns bitcoin. While admitting that it is hard for him to understand why crypto has value, the former executive believes that 50 years from now, crypto could be “a huge way that monetary transactions take place.” Former Morgan Stanley CEO John Mack on Bitcoin
A U.S. senator has called on the Securities and Exchange Commission (SEC) to issue crypto regulations now “through a transparent notice-and-comment regulatory process.” He stressed that “some digital assets are securities, others may be commodities, and others may subject to a completely different regulatory regime.” US Senator Calls for ‘Transparent Notice-and-Comment Regulatory Process’ to Regulating
Experts from an economic institute in China have circulated the idea of creating a blockchain-powered digital currency that could lower Asia’s reliance on the greenback. The initiative comes against the backdrop of an expanding digital yuan pilot, and after recent trials of cross-border payments with state-issued digital currencies in the region. China Suggests Minting Asia-Wide
According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they were “stunned” to hear the news, and they now have “one less way [to collect donations].” Paypal Reportedly Stops Servicing Hong Kong’s League of
Well over a decade ago, on January 3, 2009, the size of the Bitcoin blockchain was 0.285 kilobytes (kB) or around 285 bytes. Today, however, the blockchain’s ledger is nearly half a terabyte, or roughly 432 gigabytes. Bitcoin’s Blockchain Nears 500 Gigabytes in Size On October 15, 2022, the Bitcoin (BTC) blockchain is getting closer
For a couple of years now, MEV-Boost relays or Flashbots have become popular tools in order to gather the maximum value that can be extracted from Ethereum’s block production. However, in recent times, Flashbots have been controversial as people believe the technology threatens Ethereum’s censorship-resistance. This is because Flashbots account for 48% of blocks that
Bearish sentiment returned to cryptocurrency markets on Saturday, as bitcoin was once again in the red. The world’s largest token moved lower to start the weekend, following yesterday’s surge towards $20,000. Ethereum was also down today, falling below $1,300 in the process. Bitcoin Bitcoin (BTC) was in the red to start the weekend, as bearish
Bitcoin (BTC) is showing textbook macro bottom signs in a “business as usual” bear market, data suggests. In fresh findings published on Oct. 13, popular Twitter trader Alan revealed that BTC price action is closely mimicking prior cycles. Trader on Stoch data: “Don’t be shaken out” While some are concerned about the current state of
This week researchers from the Bank of Canada published the central bank’s Financial System Review which highlights five key statistics tethered to Canadian bitcoin owners. According to the Bank of Canada’s metrics, 13% of Canadians own the leading crypto asset bitcoin, and “most Canadians are aware of bitcoin.” Bank of Canada’s Financial System Review Highlights
Konami, one of the most influential Japanese game development and publishing companies, has announced it will be introducing Web3 and metaverse technologies into its games. The company opened 13 different job openings for three departments that will be responsible for developing the new projects to spearhead Konami’s latest business strategy. Konami to Enter Metaverse and
An investment strategist at Southeast Asia’s largest bank, DBS, says bitcoin is unique whether the price changes or not. “If we just look purely on a price basis, you will see a lot of volatility and that doesn’t inform you a lot about what benefits it actually brings,” the DBS strategist emphasized. DBS Strategist on
Data from blockchain analytics firm Chainalysis shows that October is “the biggest month in the biggest year ever for hacking activity.” The firm added that crypto hackers have grossed over $3 billion across 125 hacks so far this year. Crypto-Hacking Activity Soars in October Chainalysis shared some crypto-related hacking statistics Wednesday. The blockchain data analytics
The government of Argentina, which is currently applying dollar exchange controls, has added two new dollar exchange rates into its arsenal: the “Qatar” and “Coldplay” dollars. However, Kristalina Georgieva, managing director of the International Monetary Fund (IMF) has made declarations against these measures, stating they are not a substitute for “sound macroeconomic policies.” Argentina Introduces
Tesla and Spacex CEO Elon Musk is under federal investigation for his conduct in connection with the $44 billion acquisition of Twitter, according to a court filing by the social media giant. Twitter claims that “Through counsel, he has exchanged substantive correspondence with those authorities concerning their investigations.” Federal Authorities Are Investigating Elon Musk, Says
Turkey’s gold imports of just over 39,000 kilograms in September 2022 are more than 16 times the quantity that was brought into the country in September 2021. The surge in Turkey’s gold imports is reportedly being spurred by the rise in demand for the precious metal by individuals and entities using it in foreign currency
This week, Bitcoin’s (BTC) price took a tumble as a hotter-than-expected consumer price index (CPI) report showed high inflation remains a persistent challenge despite a wave of interest rate hikes from the United States Federal Reserve. Interestingly, the market’s negative reaction to a high CPI print seemed priced in by investors, and BTC’s and Ether’s
After a Manhattan federal judge blasted Roche Freedman LLP founding partner Kyle Roche’s public statements, the judge has removed the crypto boutique law firm from the market manipulation lawsuit against Tether and Bitfinex. The recent hearing has shown that U.S. district judge, Katherine Polk Failla, believes the litigation process could be derailed. She further stressed