Crypto analyst Sherlock suggested that the probability of the Fed raising interest rates next week has risen to approximately 90%, which could create significant selling pressure on Bitcoin ($BTC). According to data shared by Sherlock, the probability of the Fed raising interest rates increased from 58.4% to 86.4% in just seven days. Following this development,
India’s Maharashtra state has begun preparing policies to tokenize up to 50% of selected electricity transmission assets to finance new power lines and solar energy storage facilities. Maharashtra considers tokens tied to power revenue Praveen Pardeshi, chief economic adviser to Maharashtra Chief Minister Devendra Fadnavis and CEO of the Maharashtra Institution for Transformation, outlined the
Bitcoin experienced another small blockchain reorganization on Sept. 11. The latest incident occurred at block height 966,500. Two different mining pools produced valid competing blocks built on the same parent block. SpiderPool’s version was treated as the tip of the Bitcoin blockchain after reaching Galaxy Research’s node. However, AntPool had independently produced another valid block
The UK’s largest listed Bitcoin treasury holder, The Smarter Web Company (LON: SWC), announced plans this Friday to launch a new class of preferred shares, the first of its kind by a British corporate Bitcoin holder, on the main London Stock Exchange. The preferred share, “MORE,” will be listed with a nominal value of £0.001
The best-performing ETF in America isn’t in the crypto, AI, or any tech sector. It is, in fact, the Breakwave Tanker Shipping ETF (BWET), up 5,100% over the past year. After a renewed war in Iran, military conflict in the straits of Hormuz and Bab el-Mandeb, and logistical threats such as this week’s attack on
Tokenized stock transfers have climbed to $29.5 billion as new products extend market access, but Tessera PE founder Chan Ahn says investors could receive anything from direct share ownership to a contractual claim carrying no shareholder rights. Tessera PE founder Chan Ahn told crypto.news that similar marketing terms often conceal substantial differences in what token
Circle is offering $400 million in stock for Tazapay because a stablecoin can cross a blockchain in seconds and still fail as a payment if the recipient cannot receive usable local money. The proposed acquisition, announced Sept. 8, would bring a cross-border payments operator inside the company that issues $USDC. Circle said Tazapay connects to
India and Russia have begun working on a digital currency settlement mechanism for bilateral trade as their central banks examine how state-issued currencies could be used for cross-border payments. Sberbank Chief Executive Officer Herman Gref said the Bank of Russia and the Reserve Bank of India are working on the mechanism, with Russia’s largest lender
CoinShares stated that the latest US consumer price index (CPI) data was not supportive for Bitcoin, adding that the persistence of inflation could limit the upside potential of the cryptocurrency market in the short term. In an assessment shared by CoinShares Head of Research James Butterfill, it was stated that headline inflation was generally in