Bitcoin [BTC] was trading around the $64.6k mark on Thursday, July 30. The US Federal Reserve announced its decision to keep interest rates unchanged at 3.50%-3.75% on Wednesday, July 29. Energy-related supply disruptions have kept inflation rates elevated above the target 2%, but economic activity was expanding at a solid pace, and operational interest rates
In brief IBM says it demonstrated “trusted quantum advantage” using 70 logical qubits and a new error-correction method. The experiment completed a computation beyond the reach of leading classical simulation methods while providing statistical evidence the result was accurate. The announcement marks another milestone in IBM’s quantum roadmap, though the hardware remains well below what’s
A day before the Bank of Japan (BoJ) announces its interest rate decision, the Japanese yen gained nearly 3% against the dollar. The sharp movement in the currency market fueled speculation that the Japanese government may have intervened again to support the yen. The USD/JPY pair fell by over 400 points during the day, dropping
Publicly traded AI operating system Vida Global (NYSE American: VIDA) has said it has started paying employees in Bitcoin using the Lightning network — but in a way where the company does not have the leading crypto on its balance sheet. The Austin, Texas-based company said Thursday that after a worker in Argentina asked to
Bitcoin ($BTC) shook off volatility on Thursday as US stocks rebounded on the back of inflation-data relief. Key points: Bitcoin avoids a snap reaction to US personal consumption expenditures (PCE) inflation data, which reverses a local uptrend. Analysis remains wary of inflationary tendencies despite PCE conforming to expectations. Bitwise predicts that going forward, Bitcoin will
As of July 30, BitcoinTreasuries ranked Bitcoin Standard Treasury Company fifth among public companies, displaying 30,021 $BTC worth about $1.9 billion. Its live profile labels the amount “$BTC Holdings” and “Bitcoin Reserve,” although the transaction documents describe the coins as contributions intended for a corporate treasury that has not closed on its announced terms. The
Tokenized asset specialist Ondo Finance is evaluating a potential acquisition of between $250 million and $500 million, according to a person with knowledge of the matter. The New York-based company is considering wealthtech targets, among other subsectors, said the person, who spoke on condition of anonymity because the matter is private. Ondo has not yet
A growing number of readers are turning to educational crypto books that explain Bitcoin’s fundamentals, moving beyond price charts and market speculation. Bitcoin hit an all-time high near $69,000 in November 2021, then fell below $16,000 by November 2022, a roughly 77% drop in exactly a year. Most people who watched that swing on a
Bitcoin spot volume hit its lowest level since 2019 as Treasuries out-yielded the crypto carry trade for the second time on record, according to Glassnode’s weekly report. Why Institutions Are Sitting In Cash Instead Of Bitcoin? Glassnode analyst Frederik Theissen said in the report that three-month futures basis has paid less than a two-year Treasury
Lightning Labs, the company behind Lightning Network developer tools, announced a dedicated website for L402 on Wednesday, positioning the protocol as a rail for AI agents to pay in bitcoin. “With L402, agents can pay with bitcoin and natively authenticate. No accounts, no intermediaries, no humans involved,” the company said in the post, describing L402