The Federal Reserve Banks of Boston and New York published a staff report on Sep. 26 comparing stablecoins, such as USDT and USDC, to money market funds. Key findings in the report include the observation that stablecoins and money market funds follow similar patterns during runs and that stablecoins could inject instability into the broader financial system. The report, titled…
The relationship between Bitcoin’s price and U.S. Treasury yields has long been considered a strong indicator due to historical data and the underlying rationale. Bitcoin halvings vs. 10-year Treasury yields In essence, when investors turn to government-issued bonds for safety, assets like Bitcoin (BTC), which are considered risk-on, tend to perform poorly. A noteworthy chart shared by TXMC on X…
The announcement of yet another top figure departing Binance coincided with an increased outflow of funds from the crypto platform. But can one executive resign… Source: https://cointelegraph.com/public/index.php/news/binance-exit-aftershock-can-one-resignation-tip-the-crypto-trust-scales
Max and Reza dive into conversations about the current memecoin meta, the rising popularity of SocialFi and social tokens, and discuss lessons learned from big wins and big losses. Source: https://decrypt.co/videos/interviews/RnMigbJP/maximilian-talks-memecoins-and-socialfi-this-time-will-be-different
The world of distributed ledgers runs on a distributed workforce—but their likely obsession with crypto doesn’t extend to how they’re paid. Crypto fund Pantera Capital released a sweeping report on compensation in the Web3 ecosystem today, revealing some striking findings. Nearly 9 out of every ten digital asset workers are remote, for example, and that a meager 3% accept their…
Bahrain-based Bank ABC will use JPMorgan’s Onyx Coin Systems for blockchain-based cross-border payments in a soft, or limited, launch. The new service will be more cost effective and reduce settlement times relative to traditional solutions. Bank ABC will at first use the U.S. dollar in transactions involving Bahrain, the United States, United Kingdom, Singapore and Hong Kong. The partners are…
A crypto exchange claiming $1.7 billion in daily trades on its website and $1.4 billion in daily trading volume on CoinMarketCap had reportedly displayed false … Source: https://cointelegraph.com/public/index.php/news/coinmarketcap-listed-platform-hides-license-after-inquiry
Investment marketplaces — particularly the volatile cryptocurrency market — move at lightning speed and operate around the clock. It’s not surprising that crypto traders would consider leveraging trading bots, which can monitor the market 24/7, analyze ever-inflowing and changing data and follow established instructions to automatically buy and sell crypto. Bots don’t need sleep and won’t make mistakes due to…
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has added a crypto wallet allegedly connected to a major international crime syndicate as part of its list of Specially Designated Nationals. In a Sept. 26 announcement, the U.S. Treasury said it had sanctioned 10 individuals, including many tied to the Sinaloa Cartel. Among those…
Bitcoin spot exchange trading volumes have disintegrated since March, while BTC price action has gone barely anywhere, research shows. Source: https://cointelegraph.com/public/index.php/news/bitcoin-exchange-volume-5-year-lows-fed-btc-hodling
