Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the biggest climbers, with solana also moving higher during the session. Monero (XMR) XMR was one of Monday’s biggest gainers, as prices rose by almost $20 from lows during Sunday’s session. Following a low of $128.00 on Sunday,…
Fabio Panetta, an executive board member of the European Central Bank, or ECB, has said that a digital euro could come within four years, potentially designed with a person-to-person payment solution. In a Monday speech at the National College of Ireland, Panetta said the ECB could start development and testing of solutions toward providing a digital euro for members of…
Watch This Video On YouTube or Rumble Listen To The Episode Here: In this episode of the “Fed Watch” podcast, Christian Keroles and I, along with the livestream crew, discuss macro developments relevant to bitcoin. Topics include the recent 50 bps rate hike from the Fed, a consumer price index (CPI) preview — the episode was recorded live on Tuesday,…
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 save their communities and projects by migrating to other networks. In a move that is expected to benefit both the Polygon (MATIC) community and Terra projects, Polygon Studios’ CEO Ryan…
Coinsource is installing 800 bitcoin ATMs across midwestern Kwik Trip gas stations. Coinsource charges a flat 11% fee and offers a discount to Kwik Trip rewards members. Kwik Trip employs over 32,000 employees and is one the largest, family-owned and top rated gas stations brands. Coinsource, one of the largest bitcoin ATM providers in the U.S., has announced a partnership…
Nonfungible tokens, or NFTs, are turning out to be a treasure store with prices striding into the millions of dollars. Instances of an NFT garnering more than $69 million or a tweet fetching $2.9 million are not a fantasy, but an incredible reality. In 2021, an NFT by digital artist Beeple, or Mike Winkelmann, sold for a whopping $69 million,…
Binance CEO Changpeng Zhao said Monday that the cryptocurrency exchange never sold the 15.4 million LUNA it received in return for a $3 million investment made in the Terra ecosystem in 2018. Binance’s holdings in the Terra blockchain’s governance token were at one point worth $1.6 billion. Now it’s worth just $2,461, and still sitting in the wallet that it…
Japanese brokerage Nomura will reportedly launch a subsidiary to offer bitcoin and other cryptocurrency services to institutional clients.The wholly-owned unit will have a staff of 100 by 2023, a report said.Nomura executed some of its first trades with bitcoin derivatives last week. Nomura Holdings Inc., Japan’s largest investment banking group, is launching a new subsidiary focused on institutional client services…
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on the Entire Stablecoin Economy For…
Over-the-counter, or OTC, trading refers to any trading that is not done via an automated exchange. What exactly is OTC trading? Who does it, and why? To learn more about what an OTC desk is and how these “under the radar” exchanges operate, Magazine spoke to a few insiders to get the scoop. The most popular conception of OTC trading…
