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
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
Bank of America (BAC) sees tokenization, the creation of a virtual investment vehicle on the blockchain linked to a tangible asset, as the next phase in the evolution of investment products, describing it as “mutual fund 3.0,” the Wall Street bank said in a Friday report. Just as mutual funds first emerged in 1924 and
Tether, the world’s largest stablecoin issuer, has reportedly been in discussions with mining and investment groups to deploy billions into the gold industry, according to a Financial Times report late Thursday. The talks reportedly span mining, refining, trading, and royalty companies, following chief executive Paolo Ardoino’s view of gold as “the natural Bitcoin.” “I prefer
The cryptocurrency world is buzzing with news of Tron founder Justin Sun’s latest move: a significant plan to invest $20 million in what he believes are undervalued US crypto stocks. This bold declaration has sent ripples across the market, signaling a strong vote of confidence from a prominent industry figure. Investors are now keenly watching
Trump Media and Technology Group (DJT), the parent of Truth Social linked to U.S. President Donal Trump, closed a purchase agreement with crypto exchange Crypto.com that gives it 684.4 million Cronos CRO$0.2732 tokens. The $105 million transaction, split between cash and stock, amounts to about 2% of the circulating supply of the token, the firms
Monex Group has increased its ownership in Canadian digital asset manager 3iQ Digital Holdings to 97.8%, with the aim to grow its institutional crypto asset business. Summary The acquisition consolidates 3iQ as a key part of Monex’s global digital asset strategy, with AUM growing 39% to CAD 1.51 billion. Monex aims to drive revenue growth
We have entered September, historically seen as a bearish month, as Bitcoin (BTC), Ethereum (ETH), and altcoins are experiencing a general correction. At this point, analysts expect September to be a downward month, while the FED interest rate decision, which could change the balances in September, will be announced. While it was stated that the