Wealthy Coinbase clients are still ‘hodling’ Bitcoin since December 2020, data suggests
Institutions that reportedly purchased 10,939 BTC from Coinbase in December 2020 are not selling yet. Go to Source Powered by WPeMatico
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$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus
The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether’s exposure to the U.S. credit system. Go to Source Powered by WPeMatico
Erratic Bond Yields, Lockdowns, and War — 3 Reasons Why Economic Recovery Won’t Happen Quickly
The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% from $1.83 trillion to today’s $1.54 trillion. The price of gold has lost 5% in 30 days, and major stock market … Read more
Indian central securities depository to back up its monitoring of bonds by blockchain
In the future, India’s NDSL and the Securities Board division will welcome other entities to join the decentralized network. Go to Source Powered by WPeMatico
US dollar strength mimics 2020 Coronavirus crash — 5 things to know in Bitcoin this week
USD runs the show behind the scenes as the Easter weekend sparks pain for Bitcoin bulls. Go to Source Powered by WPeMatico
Altcoin Roundup: Analysts give their take on the impact of the Ethereum Merge delay
The wait for the long-awaited Ethereum Merge just got longer, leading analysts to discuss potential price outcomes for Ether. Go to Source Powered by WPeMatico
Bank of America Strategist Warns ‘Recession Shock’ Is Coming, Analyst Says Crypto Could Outperform Bonds
On Friday, Bank of America’s (BOFA) chief investment strategist Michael Hartnett explained in a weekly financial note to clients that the U.S. economy could head into a recession. The BOFA strategist’s note further detailed that cryptocurrencies could outperform bonds and stocks. BOFA Strategist Notes inflation Shock Is Worsening, Cryptocurrencies Could Outperform Bonds and Stocks Bank … Read more
Michael Saylor: Financial markets are ‘not quite ready’ for Bitcoin bonds
“Not quite ready” — MicroStrategy CEO Michael Saylor said that traditional financial markets aren’t prepared for bonds backed by Bitcoin. Go to Source Powered by WPeMatico
President Bukele hits out at Bitcoin Bond ‘FUD’ as CZ jets in to El Salvador
El Salvador’s President Nayib Bukele publicly called out Reuters for spreading “FUD” about delays in the country’s $1 billion ‘volcano bond.’ Go to Source Powered by WPeMatico
El Salvador postpones Bitcoin bonds to September: Report
Apart from delaying the issuance of Bitcoin bonds, the Salvadoran government has apparently slowed down the pace of buying new BTC as well. Go to Source Powered by WPeMatico
