3 Reasons Ethereum’s Future Hangs in Balance Over EIP 1559 Reform
If there’s one thing this summer’s DeFi boom taught us, it’s that the Ethereum gas fee structure needs
Read MoreIf there’s one thing this summer’s DeFi boom taught us, it’s that the Ethereum gas fee structure needs
Read MoreIn a surprise move, Square announced the acquisition of 4,709 Bitcoin (BTC) worth roughly $50 million at time of publication. The company’s co-founder Jack Dorsey has been a long-term proponent of Bitcoin and crypto, while the company’s CashApp allows its users to invest in Bitcoin.This news comes months after another
Read MoreMore than 57,000 BTC have been withdrawn from BitMEX since Sept. 30. Source
Read MoreThere’s a degree of transparency in cryptocurrencies that doesn’t exist in traditional markets like stocks and bonds: Thanks to data that’s easily extracted from blockchains, everyone can see everyone else moving their money around. That means traders can keep an eye on exchange wallets to gauge whether investors and crypto miners
Read MoreThe U.S. Federal Reserve’s balance sheet is contracting, but despite popular opinion, that’s not necessarily bad news for bitcoin. The central bank’s balance sheet declined by $88 billion to $6.97 trillion (-1.5%) in the week ending July 8, having hit a record high of $7.16 trillion in early June, according to
Read MoreBitcoin plunged back towards $9,000 despite showing signs of upside correction in the early Friday session.The latest price correction coincided with the Federal Reserve’s balance sheet contraction that strengthened the US dollar.S&P 500 remained closed on Friday for the Independence Day holiday.The past 24 hours saw Bitcoin breaking its short-term
Read MoreThe U.S. stock market fell over 6% after the Fed’s balance sheet started to contract. The correlation leaves equities vulnerable to a steep correction if the Fed slows down its asset purchases. The addition of 30,000 new virus cases in the U.S. on a single day may put even more pressure on
Read MoreByrne Hobart, a CryptoX columnist, is an investor, consultant and writer in New York. His newsletter, The Diff (diff.substack.com), covers inflection points in finance and technology. The bull case for bitcoin as a store of value is simple: at first nobody owns it. Then it’s owned by people who are some
Read MoreBoth the crypto market and the stock market have recovered strongly since the March lows, but capital markets remain tight. So tight that to save individuals and corporations across weight classes, so to say, the Federal Reserve has stepped in with trillions of dollars worth of stimulus.It’s a trend that
Read MoreAn unlikely alliance between Syria and Libya could usher a new paradigm in the Middle East against Turkey’s wishes. Once again, oil prices hang in the balance. Gulf Arab producers are having a hard time keeping oil prices from falling now that Russia has reportedly backed away from production
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