Digital assets platform Nexo reported a 72% year-over-year rise in crypto-backed borrowing through the Nexo Card as users choose to hold their assets instead of selling, as per the information shared with Finbold on July 10. Nexo’s 2024 Card Report shows that over 100,000 Bitcoin (BTC) and 750,000 Ethereum (ETH) avoided being sold through users
The Bank of Korea (BOK) Governor Lee Chang-yong has expressed concern about the issuance of won-denominated stablecoins by non-bank entities. He shared his concerns during a press conference after the BOK’s Monetary Policy Committee decided to maintain the base interest rate at 2.50%. BOK Governor is worried about future confusion The topic of stablecoins has
With tech stocks soaring and Bitcoin hitting fresh highs, President Trump is renewing pressure on the central bank to ease monetary policy, framing market performance as a sign of economic strength. Bitcoin reached a new all-time high above $112,000 on Wednesday amid increasing global demand for digital assets. The surge also pushed the overall crypto
Bitcoin broke new records last night after a long period. While talk of a rally intensified with the new ATH, veteran analyst Peter Brandt issued a warning to investors. 50-year analyst Peter Brandt claimed that although he expects a long-term rise in Bitcoin, the rise is not yet guaranteed. At this point, Brandt stated that
SkyBridge Capital Founder Anthony Scaramucci frames Bitcoin as a once-in-a-lifetime real estate deal, akin to Peter Minuit’s legendary purchase of Manhattan Island. Speaking in a recent interview, Scaramucci suggested that investors in BTC will encounter risks just like early pioneers of any new asset. In his view, these challenges, which come in the form of
Nansen built tools to track blockchain activity. Now, it’s helping secure one. By validating Caldera’s Metalayer, the analytics leader is putting its reputation and rewards on the line for a more connected modular future. According to a press release shared with crypto.news on July 10, Nansen will operate as a validator on Caldera’s Metalayer, an
Probably the loudest Bitcoin critic, Peter Schiff, called out the corporate crypto rush in a recent post, saying these companies are essentially “fools looking to take advantage of other fools” who do not have real business models. The timing of his comments is perfect as this week has been quite crazy for corporate crypto purchases.
Bitcoin jumped to a fresh all-time high price for the second day in a row Thursday, after crypto-friendly President Trump renewed his push to urge the Federal Reserve to cut interest rates. The price of Bitcoin jumped to $112,599 on Thursday, per data from CoinGecko, setting a new record for the leading cryptocurrency. Bitcoin is