The Israel Capital Markets Authority has approved a shekel-pegged stablecoin for the first time. Tel Aviv-based cryptocurrency exchange Bits of Gold received permission to issue the token after a two-year evaluation and piloting process, the authority said in a LinkedIn post. The token, BILS, was developed in collaboration with the Solana network and crypto custodian […]
Israel approves its first ever regulated stablecoin Read More »
Bitcoin BTC$76,155.65 returned to $76,500 from $79,000 earlier this week, stalling recovery from late March lows below $65,000. Those expecting a quick return to form may want to note that recent economic releases do not support a significant upward move. The biggest is the University of Michigan consumer survey, which showed the consumer confidence index
Crypto market fell for a second day Tuesday with bitcoin BTC$76,583.35 and ether (ETH) have both lost around 0.75% since midnight UTC. This decline comes after Bitcoin twice failed to move above the $80,000 resistance level over the past week, with the most recent attempt occurring during Asian hours on Monday. Jubilation over last week’s
Block (XYZ) said it added 114 bitcoins BTC$76,521.28 in the first quarter, bringing its corporate holdings to nearly 9,000 BTC, worth about $691 million, according to a public proof of reserves dashboard. He held 8,883 BTC at the end of last year. Adding in the 19,357 BTC held on behalf of clients, the payments company
Jack Dorsey Block Nears 9,000 BTC in Cash After Q1 Addition Read More »
Oil prices continued to rise Tuesday as peace talks between the United States and Iran appeared to be at an impasse, with negotiators deadlocked over proposals to reopen the Strait of Hormuz to tanker traffic and restrict Iran’s nuclear program. The price of crude oil has risen steadily over the past week as talks stalled
Oil prices jump again as US-Iran talks appear to be deadlocked Read More »
A second corporate cryptocurrency accumulator is starting to look a lot like the first. Bitmine Immersion Technologies (BMNR), the treasury company chaired by Tom Lee of Fundstrat, purchased 101,901 ether (ETH) last week worth approximately $234 million. This is close to regular weekly purchases of Strategy (MSTR), the bitcoin run by Michael Saylor. BTC$76,968.77 digital
Bitmine’s ETH (BMNR) Purchases Follow Strategy’s Bitcoin (BTC) Accumulation Pace Read More »
Ondo Finance brings tokenized stocks closer to their traditional counterparts, providing investors with a way to participate in corporate governance. The feature, built with Broadridge Financial Solutions (BR), allows holders of more than 250 tokenized securities on Ondo’s platform to review company filings and submit their voting preferences through Broadridge’s ProxyVote system. Investors can log
Ondo Finance adds proxy voting for holders of its $700 million tokenized shares Read More »
The Bank of Japan’s (BoJ) monetary policy decision on Tuesday reinforced expectations of higher borrowing costs by the end of the second quarter. The yen loves it, while bitcoin remains under pressure. The central bank kept its benchmark interest rate unchanged at 0.75%, as expected. The decision was not unanimous, however, since three members of
BTC remains under pressure after three Bank of Japan (BoJ) members called for rate hikes Read More »
XRP finally gave way to $1.40, and how it broke matters more than the move itself. It wasn’t a slow drift downward. This is a high volume surge that broke through a level that buyers had been defending for weeks. Once this type of support disappears, it usually does not return quickly. It tends to
What’s Next as Ripple-Linked Token Falls Below $1.40 Read More »
Bitcoin has been rejected at $79,000 three times in eight sessions. The level now defines the range. Bitcoin traded at $76,923 on Tuesday morning, down 2.4% over 24 hours after climbing to $79,399 on Monday and reversing during the day. Ether fell 3.7% to $2,290, XRP fell 3.2% to $1.39, Solana fell 3.9% to $84.10,
