Strategy’s co-founder and executive chairman, Michael Saylor, has taken to his official account on the X social media network (formerly known as Twitter) to publish a tweet, where he made a mysterious reference to the world’s flagship cryptocurrency, Bitcoin. The community has, as usual, praised him. However, the praise likely came not for the tweet
For much of this cycle, Global Liquidity has been one of the most accurate indicators for anticipating Bitcoin’s price action. The connection between money supply expansion and risk-asset growth has been well established, and Bitcoin has followed that script remarkably closely. Yet recently, we’ve been paying close attention to a couple of other data points
The blockchain analytics specialist Elliptic has released a due diligence toolset for stablecoins. According to Elliptic, the product can scrutinize wallets and track assets moving from one blockchain to another. According to James Smith, the founder of Elliptic, Companies in mainstream finance can use the tracking tools and dashboard. The tools can be used by
U.S. stocks rose as investors reacted to the softer-than-expected jobs report, with the S&P 500 and Nasdaq inching higher to lead the bounce for major gauges. Summary S&P 500 and Nasdaq rose after latest jobs report showed a labor market in slowdown. Cryptoccurrencies also gained as Bitcoin jumped above $113,000. The S&P 500 gained 0.4%
The share price of electric vehicle manufacturer Tesla (NASDAQ: TSLA) is rising after the company announced a new pay package for CEO Elon Musk. By press time, TSLA stock was trading at $354, up about 4.5% for the day. Investors appear to be reacting to the proposed compensation plan for Musk, potentially valued at about
The price of Bitcoin and other cryptocurrencies seesawed on Friday as investors weighed a weaker-than-expected jobs report against the increased likelihood of rate cuts. Nonfarm payrolls increased by 22,000 in August, the U.S. Bureau of Labor Statistics said, while economists anticipated that the U.S. economy would add 75,000 jobs last month. The unemployment rate meanwhile
BTC bounces ahead of jobs report. SEC plans to revamp crypto policies. WLFI blacklists Justin Sun’s address, freezes tokens. WLFI tokens unreasonably frozen: Sun. Nasdaq to step up scrutiny on DATs, MSTR falls. Sora Ventures to buy $1b BTC. HK’s Yungfeng Financial buys $44m ETH. DFDV buys $40m SOL. ETH ICO participant moves to stake
Gold and its digital equivalent, Bitcoin (BTC), have been dancing around each other for a while now, and both assets are starting to see some promising developments. The precious metal surged to a new all-time high this week, trading above $3,500 per ounce, while the world’s largest cryptocurrency went past the $113,000 mark again on
Crypto markets quickly sold off in mid-morning U.S. Friday hours even as August employment data argued for a quick pace of monetary easing from the Federal Reserve. At first, news that the U.S. added just 22,000 jobs last month had all markets – crypto, stocks, bonds and gold — in rally mode amid anticipation of
Chinese enterprises involved in Belt and Road investments may soon adopt RMB-denominated stablecoins to reduce exposure to volatile local currencies, a move that could accelerate the internationalization of the digital RMB. Recent remarks from Liu Jing, chief economist for Greater China at HSBC Global Investment Research, indicate that the convergence of enterprise stablecoin issuance, the