A new JPMorgan report warns that carry trades are losing effectiveness as global interest rates decline, urging investors to be more selective with currency risks. The Japanese yen has lost appeal after unexpected rate hikes, while the Swiss franc carries potential bullish risks. JPMorgan suggests rethinking strategies as carry trade returns are expected to diminish […] Source: https://news.bitcoin.com/jpmorgans-bold-call-why-carry-trades-may-be-facing-their-final-days/
The crypto money is coming in hard and fast ahead of next month’s election. The latest comes from Ripple’s co-founder and executive chairman, Chris Larsen, who said Monday that he has donated another $10 million in XRP, the seventh biggest digital asset by market cap, to support Vice President Kamala Harris’ campaign for U.S. president. Ripple confirmed to Decrypt that…
Coinbase’s longstanding campaign to force the U.S. government to clarify how it approaches crypto ratcheted up on Monday, with the American crypto exchange filing multiple legal requests for internal documents at the Federal Deposit Insurance Commission (FDIC). The first request pertains to documents detailing any cap or limit on the amount of digital assets allowed to be held, which the…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the recent movements by Brazil to further push de-dollarization within BRICS and how this might affect the trading framework of the entire bloc. Latam Insights Encore: Brazil Called to Lead […] Source: https://news.bitcoin.com/latam-insights-encore-brazil-can-lead-the-way-to-full-brics-de-dollarization/
Bitcoin ETFs have already made a multi-billion-dollar splash on Wall Street this year. But analysts say a new wave of institutional interest could roll in as options are added to the mix following recent regulatory approvals. On Friday, the Securities and Exchange Commission (SEC) approved the listing and trading of options for 11 spot Bitcoin ETFs. With a majority of…
Alcon Entertainment is suing Elon Musk’s Tesla for copyright infringement, claiming that the car manufacturer used images from the 2017 sci-fi film “Blade Runner 2049” without the production company’s permission. According to the lawsuit, filed today in U.S. District Court in Los Angeles, CA, Alcon alleges that Tesla used these images to generate new visuals for the unveiling of its…
Minneapolis Federal Reserve President Neel Kashkari on Monday dismissed crypto as the currency of drug deals and other criminal enterprises. Kashkari told audience members at a town hall in Wisconsin that “very few transactions are actually happening” in crypto, a video of the event hosted by the Chippewa Falls Area Chamber of Commerce shows. The comments underscore the bank regulator’s…
Bitriver, a Russian data mining company, has partnered with the Russian Direct Investment Fund (RDIF) to expand data center infrastructure and AI projects across BRICS countries. The goal is to boost Russia’s presence in AI and cryptocurrency mining. Both entities plan to build data centers and focus on enhancing their potential. This partnership aims to […] Source: https://news.bitcoin.com/russian-crypto-miner-sovereign-fund-aim-for-global-ai-leadership/
More than 18 million registered voters in the Lone Star State will decide whether to replace Senator Ted Cruz with Representative Colin Allred starting in 2025. Source: https://cointelegraph.com/news/ted-cruz-crypto-mining-pac-texas-voting?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin price saw a sharp sell-off today, but the BTC futures market is showing zero signs of fear. Source: https://cointelegraph.com/news/bitcoin-falls-under-67k-as-stocks-sell-off-but-btc-derivatives-are-stable?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
