Since 2007, the 10-year Treasury Yield has struggled to reach its long-term average of 4.5%. The 10-year US Treasury yield, a critical indicator of economic health, has reached a significant milestone. For the first time since the Global Financial Crisis (GFC) of 2008-09, it has risen back to the 4.5% yield. This development has brought optimism to long-term Treasury investors, offering the prospect of positive annual real yields, especially with inflation moderating. A Return to...
Read More »Gemini Bows Out of Netherlands Due to Regulatory Challenges
The Netherlands took the lead among European Union member states by mandating that crypto companies adhere to the 5th Anti-Money Laundering Directive (5AMLD). Leading cryptocurrency exchange Gemini has decided to halt its operations in the Netherlands, citing mounting regulatory hurdles imposed by the Dutch central bank De Nederlandsche Bank (DNB). The move follows the footsteps of Binance, another digital asset trading platform that withdrew from the market earlier this year due to...
Read More »Former Crypto Exec Sam Bankman-Fried Heading to Prison
Sam Bankman-Fried – the now disgraced former executive of the fallen crypto exchange FTX – is heading to jail. The judge overseeing his case has stated he is guilty of violating the terms of his bail too often. It’s also believed that Bankman-Fried has attempted to tamper with witnesses while away from prison. It’s Jail Time for Sam Bankman-Fried The judge in question is District Judge Lewis Kaplan. At a hearing in New York, he commented that Sam Bankman-Fried has...
Read More »Valkyrie Receives Permission to Start Buying ETH Futures for Its Bitcoin ETF
The news of the new Valkyrie ETF caused a spike in Ether price. Asset manager Valkyrie has received approval to convert its Bitcoin futures exchange-traded fund (ETF) to a two two-for-one investment vehicle by combining Bitcoin and Ether futures contracts into one contract. The firm has already started buying Ether futures contracts. In a statement to CoinDesk, a company spokesperson wrote: “Today, the Valkyrie Bitcoin Strategy ETF (Nasdaq: $BTF) began adding exposure to Ether futures...
Read More »Euro Zone Inflation for September Falls to 4.3% Lowest Level Since October 2021
Euro zone inflation has reduced to its lowest point in nearly 2 years after the European Central Bank hiked rates for the 10th time. The euro zone annual inflation level fell to its lowest this month, since October 2021. Annual inflation fell to 4.3%, down from 5.2% in August. Also, core inflation fell from 5.3% in August to 4.5% in September. Core inflation excludes energy, food, alcohol, and tobacco. The reduction in inflation comes after the European Central Bank (ECB) decided to...
Read More »Circle Intervenes in SEC Case against Binance, Defends Stablecoins’ Regulatory Status
The SEC’s case against Binance centers on its claim that BUSD was sold as an investment contract, primarily because Binance marketed it as offering yield through reward programs. In a recent development, renowned stablecoin issuer Circle has intervened in the US Securities and Exchange Commission’s (SEC) case against Binance, arguing that stablecoins should not be classified as securities. Circle Defends Binance via Stablecoins The crux of Circle’s argument is that financial trading laws...
Read More »Musée d’Orsay Embraces Crypto to Attract New Audiences
Musée d’Orsay will also collaborate with the Tezos Foundation on a series of conferences and educational programs over the next year. The Musée d’Orsay, home to the world’s most extensive collection of impressionist and post-impressionist masterpieces, has embarked on an innovative journey to engage a broader and younger audience by delving into the world of non-fungible tokens (NFTs) and blockchain technology. The move comes after the museum faced challenges in attracting visitors during...
Read More »Crypto Analysts Remain Bullish SEC Postpones Spot Bitcoin ETF Verdict for BlackRock, Invesco, Bitwise
Eric Balchuna claims that by the end of 2024, there is a 95% chance that a spot Bitcoin ETF will be approved, up from a 75% likelihood this year. The United States Securities and Exchange Commission (SEC) has once again postponed its decision on multiple proposals for spot Bitcoin exchange-traded funds (ETFs). This move, affecting applications from major crypto players such as BlackRock and Invesco, has caused serious discussions among analysts. The unexpected turn of events happened two...
Read More »Web3 Startup IYK Raised $16.8M in Recent Funding Round Led by A16z
The core concept of IYK revolves around the integration of NFC (near-field communication) chips into merchandise and apparel. Besides, the platform is also popular among musicians and artists. IYK, a Web3 startup whose clientele includes Adidas, Billionaire Boys Club, and Atlantic Records, has successfully raised over $16.8 million in a seed round. Founder Ryan Ouyang announced this milestone on his official X (formerly Twitter) account, emphasizing that a16z Crypto, also known as...
Read More »Uptober: Oktober generell ein guter Monat für Bitcoin-Investoren?
Seit dem Aufkommen von Bitcoin im Jahr 2009 haben sich Kryptowährungsmärkte entwickelt und stetig verändert. Es gibt viele Gründe, warum der Oktober in der Vergangenheit häufig ein vorteilhafter Monat für Bitcoin-Investoren war. Obwohl die Märkte unberechenbar und von vielen Faktoren beeinflusst werden, lassen sich dennoch einige wiederkehrende Trends und Muster erkennen. Is #Uptober coming?????? pic.twitter.com/tafBiAluWT — CoinGecko (@coingecko) September 29, 2023 1. Historische...
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