Institutional demand for bitcoin-backed loans is increasing as lenders like Coinbase Credit and Two Prime Lending are offering larger collateral amounts and more flexible terms.
Category: Global Economy
Bitcoin Hits New August High as US Inflation Reports Near
The Japanese yen remained close to the key 160 level against the US dollar, according to recent market indicators. Bitcoin closed at new monthly highs
Crypto Market Watch – A Look Ahead to the Week
Crypto markets enter the week with the near-term direction tied to whether easing U.S. inflation can keep the Federal Reserve’s interest-rate policy on hold and
US Job Growth Falls, Reducing Expectations for September Fed Rate Hike; Bitcoin Jumps Post-Data
July 2023 saw US non-farm payrolls fall by 23,000 in July, undershooting market forecasts and diminishing expectations for a September Federal Reserve rate hike. According
Bitcoin Surges Above $65,000 as US Nonfarm Payrolls Data Aids Risk Assets
The cryptocurrency market saw a significant rally above $65,000 following weaker-than-expected nonfarm payrolls data released by the Bureau of Labor Statistics (BLS). The drop in
US-listed Spot Crypto ETFs See Net Inflows Amid Tepid Market Sentiment
Big money continues to pour into Bitcoin and other cryptocurrency ETFs, despite market fears. Net inflows into US-based spot exchange-traded funds (ETFs) tracking various cryptocurrencies
Joint Yen Intervention Signals Shift in Monetary Policy
The United States and Japan have undertaken a coordinated intervention in the foreign exchange market for the first time in twenty-eight years, aiming to curb
Japan and U.S. Joint Yen Intervention May Influence Bitcoin and Risk Assets
Japan and the U.S. conducted a rare joint intervention to prop up the yen, which had fallen to 40-year lows of 164 per dollar, marking
Coldcard Hack Sparks Debate Over Hardware Wallet Security and Network Activity
A multimillion-dollar hack of the Coldcard hardware wallet, which began on July 30, has intensified scrutiny over the security of long-term cryptocurrency storage solutions. The
Bitdeer Shares Surge After Disclosing AI Data Center Agreement Details
Bitdeer shares rose in premarket trading after the company disclosed financial details and identified the tenant for a 16-year, $4.7 billion AI data center lease
