Arthur Hayes, co-founder and former CEO of BitMEX, who now manages a family office called Maelstrom, said the cryptocurrency bull market is “reawakening” this week due to interest rate cuts from the Bank of Canada and the European Central Bank.On Wednesday, the Bank of Canada became the first major central bank to cut interest rates by a quarter of a point this year, to 4.75 per cent. The European Central Bank followed suit yesterday, cutting interest rates to 4.25%.Hayes added in a June 6 Substack post that the “fireworks” from central banks set off by this decision will “kick cryptocurrencies…
Author: Crypto Flexs
Read More
HyperBitcoinization is the belief that eventually all goods and services will be priced in Bitcoin instead of dollars. If you are a Bitcoin maximalist, you may have already taken this for granted. But what does this process actually look like over time? What are the key milestones that could indicate that hyperbitcoinization is underway? In this post, we look at current Bitcoin financial products, the geopolitical reasons why governments are adopting Bitcoin, why central banks are adopting Bitcoin, and more. Combination of Bitcoin and traditional financeAs adoption continues, more companies will offer Bitcoin financial products and integrate Bitcoin into the…
OKX, a famous cryptocurrency exchange, has confirmed the listing of Aethir (ATH) on the spot trading market. According to OKX, the move aims to provide traders with a wider range of investment options. Listing Schedule OKX has outlined the next timeline for listing Aethir (ATH). ATH deposits will be available starting at 11:00 AM (UTC) on June 7, 2024. Spot trading for the ATH/USDT pair will begin at 10:00 AM (UTC) on June 12, 2024. ATH withdrawals will begin at 10:00 AM (UTC) on June 13, 2024. About Athir (ATH) Aethir is a cloud…
The West Reading, Pennsylvania-based company, owned by Customers Bancorp (CUBI), trades only in U.S. dollars and does not accept cryptocurrencies or provide loans to support cryptocurrency activities. It offers its customers, estimated to be more than 100 digital asset companies, a real-time blockchain-based payment platform called Customer Bank Instant Token (CBIT), which allows cryptocurrency customers to make U.S. dollar payments 24/7.
interest rate determinationThe Hong Kong Monetary Authority (HKMA), which represents the Hong Kong Special Administrative Region government, announced the annual interest rate for the sixth installment of the iBond series, which matures in 2024. According to HKMA, the sixth interest payment will be made. It will be issued on June 24, 2024, subject to the terms and conditions outlined in the issuance circular dated May 12, 2021.The sixth payment interest rate is determined by the higher interest rate between the current variable interest rate and the fixed interest rate. On June 7, 2024, these rates…
tonekeeper wallet dominate Google Play store. that much telegram-Compatible wallets include a variety of innovative features. characteristic to provide something better user experience. ton Apparently it’s at UNStopfable ascent. Telegram Open Network (TON) suffered a major setback in 2020 when the U.S. Securities and Exchange Commission (SEC) forced it to return $1.2 billion to investors for allegedly offering unregistered securities. Today, following a post-SEC community takeover, TON has rebounded strongly to become a top 10 cryptocurrency. TON continues to secure key partnerships to expand its reach and appeal. Most notably, it has partnered with Tether to offer USDT and XAUT…
An increase in the number of active addresses and trading volume can have a significant impact on Litecoin’s market performance. Analysts predict a positive trajectory for LTC prices. Litecoin (LTC) was initially introduced as an alternative to Bitcoin (BTC) and has recently seen significant growth. As observed, active addresses surpassed those on Ethereum, indicating a surge in user interest and network activity. According to the latest on-chain data, Litecoin’s active addresses have increased by 75%, surpassing Ethereum’s active addresses by over 100,000. Dynamic Litecoin Ecosystem The change in activity is highlighted by the significant increase in daily transactions for Litecoin,…
The non-fungible token market has finally returned to its initial positive trend after more than two months of decline. The global NFT market began to plummet in early March after the initial market hype that fueled its revival died down. The NFT market surged 1.75% this week. NFT sales have increased 1.75% over the past seven days. The non-fungible token market has finally broken resistance levels and recorded some positive growth this week, according to data collected by cryptoslam.io, an on-chain cryptocurrency market data aggregator and multi-chain non-fungible token explorer. Over the past seven days, the NFT market has recorded…
Bitcoin (BTC) saw sharp downward volatility heading into the Wall Street open on June 7 as U.S. payroll data surprised the market.BTC/USD 1-hour chart. Source: TradingViewBitcoin stumbles due to highly mixed US jobs data.Data from Cointelegraph Markets Pro and TradingView showed that the BTC price fell $1,300 within an hourly candle before the rebound began.Bitcoin joined the merciless reaction to U.S. non-farm payrolls data, which beat expectations by a wide margin suggesting the labor market is coping better with tighter fiscal policies than expected.This in turn lowers the probability that the Federal Reserve will cut interest rates, a key prerequisite…
Semler Scientific Inc. (Nasdaq: SMLR), a developer of medical technologies aimed at fighting chronic diseases, expanded its Bitcoin portfolio by acquiring an additional 247 Bitcoins for $17 million, including fees and expenses. As of June 6, the company’s total Bitcoin holdings were 828 BTC, purchased for a total of $57 million. CEO Doug (…)