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Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank detailed that
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A crypto coin, that many labeled as a “meme currency”, may soon become part of the future of traveling worldwide. In a recent announcement, the Shiba Inu coin stated that you can now use SHIB (Shiba Token) to book flights and hotels globally. Using SHIB in the traveling industry can
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The crypto bloodbath continues to rage on, as bitcoin drops 13%, although to a lesser degree than what was experienced last week. Due to this, there have been several migration patterns recorded in crypto investors as they look for the best safe haven. The first had been the flight to
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Annual percentage yields, or APY, on crypto borrowing and lending platform Aave have surged to record levels after capital withdrawals sent the decentralized finance, or DeFi, protocol into a liquidity crunch. At the time of writing, variable APY on borrowing stablecoin Dai via Aave has surged to 24.88%, compared to
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Cryptocurrencies — and Tether (USDT) in particular — could be playing a key role in recent capital flight from China, according to a new report from blockchain analytics firm Chainalysis.The report states that over 44% of crypto transactions in East Asia are conducted with counter-parties within the region, making it
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In an interview with Morgan Creek Digital founder, Anthony Pompliano, Chamath Palihapitiya, billionaire CEO of venture capital firm, Social Capital, said that now could be Bitcoin’s time to shine.“I think Bitcoin needed a moment like this for it to be relevant,” Palihapitiya said. “It’s still a speculative instrument, and
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Bitcoin (BTC) suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies. This came despite a new European Central Bank pledge to pump more cash into panicky markets. Prices for the largest cryptocurrency
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