BTCB2, a cryptocurrency created through a Bitcoin fork that replaced the SHA-256d proof-of-work algorithm with BLAKE2b, is trading at approximately $82 on Neoxa Exchange. This price sits roughly 99.9% below Bitcoin’s value of about $77,000 at the same time, according to data shared by Bitcoin News. The order book on Neoxa Exchange reveals a wide
Former U.K. Prime Minister Liz Truss said surging global bond yields reflect mounting government debt and currency debasement, with Britain among the most exposed major economies. “Global bond yields are spiking due to mountains of debt and the U.K. is one of the worst examples, Truss said in an interview. “The Bank of England has
Strategy CEO Phong Le said Bitcoin is entering a strong bull market and the company has no plans to sell its $BTC holdings. Speaking in an interview with Bloomberg, Le stated that Strategy will continue its Bitcoin accumulation strategy and may continue buying even if the price rises. Le stated that the company would continue
U.S. spot $XRP exchange-traded funds have taken in fresh money for eleven straight trading sessions, extending a run that has added about $170 million even as $XRP has given back part of its late-August rally. The funds pulled in another $14.38 million on Tuesday, taking cumulative net inflows since their launch last November to about
Back in early April 2023, when bitcoin traded near $30,000, CoinDesk flagged China’s credit impulse as a bullish tailwind for risk assets, including bitcoin $BTC$77,495.83. The same indicator is now telling a different story. Credit impulse, invented by economist Michael Biggs in 2008, measures the change in the flow of new credit relative to gross
Federal Reserve Board member Michael Barr said he is prepared to support interest rate hikes if inflation does not fall sufficiently. Speaking at a banking forum in Washington, Barr stated that inflation remaining above the Fed’s 2 percent target for nearly five and a half years increases the risk of broader price pressures becoming permanent
Figure Technology Solutions closed its $717 million acquisition of Kiavi on Tuesday, bringing one of the largest US lenders to residential real-estate investors onto blockchain rails. The September 1 closing was confirmed in both Figure’s acquisition announcement and its Form 8-K filed with the SEC. The arrangement represents a chance for the crypto sector to
The headwinds hitting bitcoin aren’t landing, even as they inflict damage on major traditional assets. That relative strength, however, may still get challenged by the resilient Dollar Index. Futures tied to WTI oil have topped $90 and are up nearly 9% for the week, as of this writing, according to data from TradingView. A higher
Nancy Beaton, President of the US for digital asset platform Uphold, said traditional banking is in the middle of a structural move toward blockchain infrastructure, and argued that partnerships between companies like Ripple and Uphold are what will actually carry the financial system there. “There’s no question that the traditional banking system and financial system
Robinhood Chain revenue from applications totaled between $2.66 million and $2.82 million over a rolling 24-hour window early on Sept. 1, creating an eye-catching measure of network activity with no disclosed bridge to Robinhood’s corporate accounts. DefiLlama tracks application revenue, chain revenue and chain fees as separate layers. Its dashboard showed $963,612 of chain revenue