Circle CEO Jeremy Allaire revealed four of the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before. Source: https://cointelegraph.com/news/stablecoins-capture-10-percent-world-money-2034-and-beyond
Month: June 2024
IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East
The International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia, including Bahrain, Georgia, Saudi Arabia, and the UAE, are in the advanced “proof-of concept” stage for central bank digital currencies (CBDCs). “We support policymakers evaluating the need to issue a CBDC and help them craft strong policies and regulatory frameworks […] Source: https://news.bitcoin.com/imf-cbdcs-can-boost-financial-inclusion-and-payment-efficiency-in-middle-east/
Bitcoin Treasury Firm DeFi Technologies Claps Back at Report That Tanked Its Stock
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports One of the most high-flying crypto stocks came crashing back to Earth this week after a report argued that it wasn’t rising “for the right reasons.”…
Central Banks Plan Increased Gold Reserves Amid Global Uncertainty: 2024 World Gold Council Survey
The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to boost their own reserves. Motivations include strategic rebalancing, domestic production, and market concerns like crisis risks and inflation. […] Source: https://news.bitcoin.com/central-banks-plan-increased-gold-reserves-amid-global-uncertainty-2024-world-gold-council-survey/
FOMO HOUR 141 – SEC DROPS ETH PROBE
FOMO HOUR 141 – SEC DROPS ETH PROBE BTC: 65.4k (0%), ETH: 3545 (+3%), SOL: 139 (+2%). Top Gainers: LDO, BRETT, PEPE, AR. ETH & beta lead gains after SEC headline. SEC drops probe into ETH as a security. BTC ETFs see another $152m outflow. Pantera show $100m buying interest in ETH ETF. Pantera aims to raise new $1bn fund.…
Bank of America: Younger Wealthy Investors Prefer Crypto Over Traditional Investments
Bank of America report shows younger affluent individuals favor crypto and alternative investments, differing from older generations’ traditional focus. “In fact, the most ‘conservative’ group is holding the highest average exposure to crypto,” the bank said. ‘Younger Groups Hold More Crypto and More Alternative Investments’ Bank of America released a report titled “2024 Bank of […] Source: https://news.bitcoin.com/bank-of-america-younger-wealthy-investors-prefer-crypto-over-traditional-investments/
Bitcoin exchange reserve metric hits 3-year low
Low exchange balances indicate low selling pressure and could trigger a supply shock as institutional investors continue to accumulate Bitcoin. Source: https://cointelegraph.com/news/bitcoin-exchange-reserve-metric-hits-3-year-low
Ethereum (ETH) price fails to rally in the face of good news — Here is why
Ether’s failure to respond to good news could be rooted in investors’ perception that macroeconomic conditions are worsening. Source: https://cointelegraph.com/news/ethereum-eth-price-fails-to-rally-in-the-face-of-good-news-here-is-why
Ex-OpenAI chief scientist Ilya Sutskever launches SSI to focus on AI safety
The new company will develop AI safety and capabilities in tandem. Source: https://cointelegraph.com/news/safe-superintelligence-inc-ai-safety-artificial-intelligence
Is Certik Extorting Kraken for Millions? Here’s What’s Going On
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The blockchain security firm CertiK stepped forward Wednesday as the entity behind a white-hat hack that the cryptocurrency exchange Kraken has slammed as “extortion.” Kraken CSO…