Crypto Biz: DID you see what Africa is doing with Web3?
Decentralized identity services could play a vital role in promoting Web3 payments in emerging markets like Africa. This week’s Crypto Biz has the latest. Go to Source Powered by WPeMatico
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‘Investors Are Running out of Havens’ — Erratic Behavior in US Bond Markets Points to Deep Recession, Elevated Sovereign Risk
Yields on long-dated U.S. Treasuries have been erratic this year and this week, the 10-year Treasury yield crossed 3.5% for the first time in a decade. Following the Fed’s 75bps (basis points) rate hike, 10-year notes reached 3.642% and two-year Treasury notes jumped to a 15-year high at 4.090%. The curve between the two- and … Read more
Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over ‘Intentional Breach’ of a Merger Agreement
According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional breach of its merger agreement” caused the lawsuit. Bitgo Seeks Damages From … Read more
Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause ‘Multiple Black Swans’
Wall Street’s major indexes closed the day in red on Tuesday, alongside cryptocurrencies, and precious metals like gold and silver taking some percentage losses. The leading crypto asset bitcoin dropped 5.87% under the $19K region, while the second largest crypto asset ethereum shed 8.7%. Gold’s nominal U.S. dollar value per troy ounce slipped by 0.50%, … Read more
Publicly-Listed Miner Hive Plans to Transfer ETH Hashrate to Other GPU Mineable Coins Ahead of Merge
While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company’s August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.” Hive’s Technical Team Researches Other GPU Mineable Coins On September 6, Hive Blockchain Technologies (Nasdaq: HIVE) published the company’s … Read more
Surge or purge? Why the Merge may not save Ethereum price from ‘Septembear’
Options data, macroeconomic catalysts and technical signals suggest a decline in Ethereum price is on the table despite the Merge. Go to Source Powered by WPeMatico
Bitcoin’s in a bear market, but there are plenty of good reasons to keep investing
Higher volatility, equity offerings and resistance to regulatory sanctions are just a few reasons why investors should keep an eye on BTC. Go to Source Powered by WPeMatico
Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’
Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the crypto market and the Crypto Fear and Greed Index continues to slide lower, edging toward “extreme fear.” Furthermore, the chief strategist at bubbatrading.com, Todd ‘Bubba’ … Read more
World’s Largest Crypto ATM Company Bitcoin Depot to Go Public via SPAC Deal
The largest cryptocurrency automated teller machine (ATM) operator, Bitcoin Depot, has revealed it has plans to go public via a special purpose acquisition company (SPAC) deal. The $885 million acquisition deal with GSR II Meteora (GSRM) will make Bitcoin Depot a publicly-traded company listed on Nasdaq. Bitcoin Depot Reveals SPAC Deal With GSRM, Post-Transaction BTM … Read more
Crypto ATM firm Bitcoin Depot aims to go public in 2023 via $885M SPAC deal
One of the largest crypto ATM providers in North America, Bitcoin Depot, plans to list its stock on Nasdaq in the first quarter of 2023. Go to Source Powered by WPeMatico