The Federal Reserve Bank of New York very quietly handed out $75 billion in cash to the banks on Wednesday in a process known as a ‘repurchase operation,’ or repo.
This emergency measure hasn’t been used at scale for a decade, since the last financial crisis.
It’s a reminder of the central Read More
Digital currency markets have dropped in value over the last three weeks, losing $25 billion since mid-August. Market prices have been creeping downward on thin global trade volume and the Read More
Due to human error and fat fingers, Tether accidentally printed $5 billion of its fiat-pegged cryptocurrency out of thin air. Oops.
The mistake occurred when the Tether team was in the process of moving tokens from the Omni Layer to the Tron blockchain. What was meant to be a $50 million Read More
The cryptosphere was rubbing its hands with glee when U.S. president Donald Trump fired off a typically cantankerous tweetstorm on June 11 in which he took aim at Bitcoin, cryptocurrencies Read More
Stablecoins, Forks, and Thin Air–The Recipe To Expanding Market Cap?
January 23, 2019 by Paul de Havilland Stablecoins, forks, and thin air seem to have replaced adoption and use as key ingredients in the market cap recipe for cryptocurrency. Despite a year-long 2018 bear market, crypto’s total capitalization is twelve percent Read More