Bitcoin ETFs had been seeing a lot of interest since they were first given the green light by the Securities and Exchanges Commission (SEC) last year, and while some of them have waned, they still remain a good option for institutional investors wanting to bet on the digital asset but not hold any of it themselves. Following the success of the futures bitcoin ETFs have come the short bitcoin ETFs which have now begun to dominate the market.
FOMC Chair Jerome Powell assured investors that the Fed is ‘not trying to induce a recession’ in the United States.
The Federal Open Markets Committee (FOMC) raised its target interest rates by 75 basis points on Wednesday, the largest rate hike since 1994.
The raise came in line with market expectations that foresaw a more hawkish committee in action as latest inflation figures came above expectations, marking a new 40-year high at 8.6%. FOMC Chair Jerome Powell, who also serves as chair of the Federal Reserve, had said in the beginning of May that the committee would enact a 50 basis point raise in June had market data such as the consumer prices index (CPI) come as expected.
By 2020, a large group of West African countries plan to adopt a single fiat currency called the eco. After a meeting in Abuja held on June 29 between the 15 member-country regional bloc, the implementation of a new single currency, after debating the monetary unit for years, was agreed. Despite the eco discussion and economic uncertainty within the massive continent, Africans still have a deep interest in digital currencies.
Binance’s initial exchange offering (IEO) platform, the Binance Launchpad, has quickly caught on in the wake of several successful offerings, helping drive the price of Binance Coin (BNB) to new all-time highs. The Launchpad enables select projects to stage token sales, where qualifying investors are able to purchase the tokens before they are available to the […]
With crypto markets rising, hodling seems to be a sound investment strategy once again. If you have coins you want to keep, you can earn some interest on your digital assets thanks to platforms such as Celsius Network. Its mobile wallet allows you to also use the cryptocurrency as collateral in case you need to borrow fiat cash instead of selling crypto.
New York-based crypto loan startup BlockFi announced on Tuesday that it is now available to investors in India, bringing the company’s total country count to 65. Additionally, BlockFi has retroactively lowered the minimum account holding requirement for investors to earn interest on their Bitcoin (BTC) holdings. The BlockFI Interest Account is now over $ 53MM in deposits! […]
The price of Bitcoin (BTC) has seen a sharp increase in the past week, up over 30% — this has led to increased interest from investors all around the globe, including Wall Street. Aside from the price increase, the bitcoin network has been growing at a steady pace with approximately 400,000 daily Bitcoin transactions compared […]
Dharma, a startup developing borderless lending products on the blockchain, now offers interest to investors who hold Ethereum (ETH) or Dai (DAI) on the lending platform. 1/ Today, Dharma is officially open to the public. Now, anyone can earn interest or take out a line of credit against their crypto from anywhere in the world. […]
Cred (LBA), a decentralized lending startup formerly known as Libra Credit, has partnered with TrustToken, the team behind dollar-pegged stablecoin TrueUSD (TUSD) to offer 8% interest when the token is stored on the Cred platform. We are pleased to announce that we’ve partnered with @TrustToken to offer 8% interest on #TrueUSD on #CredEarn!https://t.co/1xISsZBtD5 — Cred (@ihaveCred) March […]
Nexo (NEXO), a cryptocurrency-backed loan platform, revealed on Friday that investors can now earn up to 6.5% interest on major stablecoins stored on the platform. Earn Interest on DAI, PAX, USDC, USDT & TUSD: – 6.5% p.a. compounding interest, paid out daily – Fully automated & available for all Nexo Wallets – No minimum amounts […]
On March 20, the Federal Reserve’s Open Market Committee (FOMC) unanimously decided to keep federal interest rates unchanged. Critics believe that the central bank’s policy of near-zero interest rates and quantitative easing (QE) has corrupted the U.S. economy for nearly a decade and spawned a generation of socialists.
On March 4, cryptocurrency-backed USD lending platform Blockfi announced the launch of a new savings program called the Blockfi Interest Account (BIA). Having started as a private beta service, BIAs are now available to the public who can store bitcoin core (BTC) and ethereum (ETH) and receive 6 percent annual interest, paid monthly in cryptocurrency.
In a late December video that was just posted on YouTube this week, TD Ameritrade Manager of Trading Strategy Shawn Cruz told Nasdaq TradeTalks that TDA clients had regained interest in Bitcoin following its dive below $ 4,000. TD Ameritrade Says Clients are Growing More Interested in Trading Bitcoin Cruz said: I’d say that whole space is really in its infancy right now. It makes sense you’re going to see a lot of volatility there. It’s really driven by sentiment. There’s a lot of players coming into this space experimenting with different use cases. But right now I think Bitcoin
Plair (PLA), a decentralized gaming platform built on the VeChain (VET) blockchain, recently revealed that interest in its first alpha test blew away expectations, with around 6-times as many signups as the startup anticipated. Alpha test registrations was in huge demand and we ended up with over 1200 signups! As a show of our appreciation we allowing all […]
Hong Kong-based OKEx has announced that its OK PiggyBank functionality, which allows users to lend their crypto holdings to margin traders, is officially live. OK PiggyBank is out of beta and now officially available to all users! Simply transfer your spare tokens into the PiggyBank and you’ll get daily rewards. Learn more: https://t.co/NyO1RH8cOe pic.twitter.com/b9fSbUw0sT — […]
Bitwise Asset Management has launched two new cryptocurrency funds, one of which only invests in BTC. The launch “is driven by inbound client interest and investor dissatisfaction with existing options,” the company says. The market downturn has also given investors “a unique opportunity to enter the market at prices many thought we’d never see again.”
Two New Funds
Bitwise Asset Management announced on Wednesday that it has launched two new funds: the Bitwise Bitcoin Fund and the Bitwise Ethereum Fund. The former only holds BTC and the latter only ETH, in addition to “any meaningful hard forks and air drops,” the company states. According to the announcement:
The Bitcoin Cash (BCH) short interest on Bitfinex has surged more than 300% in November to an all-time high leading up to the November 15 hard fork. According to data from TradingView, the short contracts total 104,531 BCH, equalling $ 54,704,208 at current prices. This is a significant hike from the roughly 25,000 BCH sold short on […]
Short-sellers have started to scale back their positions against Bitcoin (BTC) on Bitfinex. According to the latest data, total short interest on Bitfinex is currently at 21,917 BTC, or roughly $ 141,364,650, which stands at nearly 45% of recent highs. This drop in short interest corresponds with a recent increase in price. Since hitting a low of $ 6,250 […]
Most cryptocurrency markets still remain stuck in the dirt for the time being. More specifically, Bitcoin remains in the red and most altcoins will not see any major changes as long as this situation remains in place. Nano is one notable exception in this regard, as it is well underway to hit $ 2 once again.
Nano Price Momentum Becomes Interesting
It is always interesting to see how different cryptocurrency markets respond to new challenges. Although it is evident a lot of currencies heavily rely on Bitcoin first and foremost, Nano shows things can be done slightly differently. Its current momentum is rather promising first and foremost right now, although the low trading volume might effectively cause some issues along the way.
Nexo (NEXO), a cryptocurrency-backed loan platform, announced Monday that it will soon offer 6.5% interest on major stablecoins stored on their platform. Earn 6.5% interest on your stablecoins! Nexo is introducing the only protection for stablecoins on the market by guaranteeing a 1-to-1 conversion to U.S. Dollars on any stablecoin for all Nexo Liquidity Providers @Tether_to […]