Tag: Markets

JPMorgan Sees Limited Upside for Crypto Markets – Markets and Prices Bitcoin News

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JPMorgan Chase & Co. has warned that any upside for crypto markets from here would likely be more limited. Basing their prediction on the relationship between stablecoins and the rest of the crypto market, the bank’s analyst explained that stablecoins’ share of the total crypto market cap “no longer looks excessive.” JPMorgan’s Crypto Outlook Global investment bank JPMorgan reportedly warned about cryptocurrency markets having limited upside in a note published last week. JPMorgan sees stablecoins’ share of the total cryptocurrency market value as an indicator of potential for rallies or…

Low Smartphone Penetration Working Against Plan to Launch CBDC – Emerging Markets Bitcoin News

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According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya means launching a central bank digital currency (CBDC) now may be premature and could lead to many citizens being financially excluded. Central Bank Mulls Delaying CBDC Rollout The governor of the Central Bank of Kenya (CBK), Patrick Njoroge, has suggested the lack of access to smartphones of more than half of Kenya’s mobile phone users is working against its plan to launch a CBDC. He warned the central…

US Bond Markets Signal Economic Downturn, Trend Forecaster Says if War Ensues ‘Odds of Recession Increase’ – Economics Bitcoin News

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As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S. economy may be headed for a recession. This week, a myriad of financial reports have noted that the U.S. dollar’s reserve currency status could be undermined. Moreover, there’s also the possibility of crude oil prices reaching upwards of $250 per barrel, according to a top hedge fund manager. Ominous Inverted Yield Curve Sends Recession Signals, While the Dollar’s Reserve Currency Status Is Questioned On March 29, a closely…

Financial markets are ‘not quite ready’ for Bitcoin bonds

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MicroStrategy CEO and Bitcoin permabull, Michael Saylor believes that traditional financial markets aren’t quite ready for Bitcoin-backed bonds.  Saylor told Bloomberg on Tuesday, that he’d love to see the day come where Bitcoin-backed bonds are sold like mortgage-backed securities, but warned that, “the market is not quite ready for that right now. The next best idea was a term loan from a major bank.” MacroStrategy, a subsidiary of @MicroStrategy, has closed a $205 million bitcoin-collateralized loan with Silvergate Bank to purchase #bitcoin. $MSTR $SIhttps://t.co/QYw2ZgeE3U — Michael Saylor⚡️ (@saylor) March 29,…

CFTC Chief Says FTX Plan Could Make Crypto Markets ‘More Efficient’

“This proposal could end up leading to more efficient trading execution, less risk in the system,” Behnam said, adding that he’s required to cultivate “responsible innovation,” and the idea isn’t necessarily prohibited or in violation of commodities laws. Still, he considered the question worth a significant ongoing public-comment period. “As we are considering and contemplating the FTX proposal, we’re doing it cautiously,” he said. Source

Bitcoin Trades at Discount in Japanese Yen Markets

Thus, the absence of premium in the BTC/JPY market is not surprising – more so as the yen is a G-7 currency and a far stronger unit than Ukraine’s hryvnia, considering it is backed by forex reserves of $1.38 trillion, the second largest in the world. Further, according to Kobayashi, crypto forms a small portion of an average Japanese investor’s portfolio. Source

Dubai Café Accepts Cryptocurrency as Payment, Owner Hints at Paying Employee Salaries in Crypto – Emerging Markets Bitcoin News

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Bake N More, a Dubai-based cafe, has become the latest company from the region to add cryptocurrency as a payment option. According to the company’s owner, Mohammad Al Hammadi, Bake N More hinted at possible plans to pay employee salaries in cryptocurrency as well. A Hub for Crypto Users in UAE A Dubai-based cafe, Bake N More, has become the latest company to add cryptocurrency as another payment option available to customers. Despite taking this step, Bake N More will nonetheless continue to accept cash and credit card payments, the…

FINALLY GOOD NEWS!!! Raoul Pal Latest Update On Bitcoin & Ethereum

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Bitcoin investment popularity 'is a longer term story,' Coindesk editor says

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Bitcoin #Crypto #Cryptocurrency Yahoo Finance’s Zack Guzman speaks with Emily Parker, CoinDesk Global Macro Editor and Anchor, to discuss the rise in bitcoin holders in 2021 and government regulations on stablecoins. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates…

New Central Bank Document Outlines Key Motivations for Issuing the Digital Currency – Emerging Markets Bitcoin News

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In a recently released document, the Bank of Ghana (BOG) outlines some of its key reasons for developing the central bank digital currency (CBDC). Also, in the document, the bank’s governor insists the institution is open to suggestions that will help it to successfully launch the digital currency. Benefits of a CBDC The Ghanaian central bank recently released a document that outlines the key motivations behind its plan to issue a central bank digital currency (CBDC). The document also touches on the digital currency’s design as well as the benefits…