$14M Capital Infusion Catapults Ethena Labs’ Valuation; Stablecoin Ranks 9th Largest
On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key investors. Following this...
Finance
Blackrock’s Bitcoin ETF Rockets to Top Five in 2024 ETF Inflows After Just 17 Days
Blackrock’s Ishares Bitcoin Trust (IBIT) has rapidly ascended to the upper ranks of the exchange-traded funds (ETFs) market, landing among...
Umoja Launches Beta Hedging Service to Bolster Crypto Investment Safety
On Tuesday, the crypto platform Umoja unveiled its beta version of hedging-as-a-service, designed to shield users from crypto losses. Umoja’s...
Billionaire Peter Thiel’s VC Firm Bought BTC and ETH Worth $200 Million in Latter Half of 2023
Founders Fund, a venture capital (VC) firm founded by the billionaire Peter Thiel, is believed to have acquired bitcoin and...
Ark Invest and 21shares Amend Spot Ether ETF Filing, Now More Aligned With SEC Preferences
In a move to possibly align more with the SEC regulatory framework, Ark Invest and 21shares have amended their filing...
Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says – Finance Bitcoin News
Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank...
‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says – Finance Bitcoin News
Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official...
Warren Buffett Sees ‘No Option’ Other Than US Dollar as Reserve Currency, but Warns Fed Can’t ‘Just Print Money Indefinitely’ – Finance Bitcoin News
Warren Buffett, CEO of Berkshire Hathaway and one of the most renowned investors in the market, stated that he saw...
India, Russia Mull Payment System Integration in Face of US Sanctions – Finance Bitcoin News
The governments of India and Russia are considering integrating part of their payment systems, in order to counter the possible...
Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says – Finance Bitcoin News
Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according...
A Comprehensive Look at the ‘Great Consolidation’ and Largest Bank Failures of 2023 – Finance Bitcoin News
2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves...
ECB Raises Interest Rates by 25bps Amid ‘Too High’ Inflation, ‘No Pause,’ Lagarde Says – Finance Bitcoin News
The European Central Bank (ECB) raised its key interest rates by 25 basis points, slowing the pace from previous increases....
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say – Finance Bitcoin News
Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the...
Analysts Warn of More Bank Failures, Possible Recession and Global Repercussions Caused by First Republic Bank Collapse – Finance Bitcoin News
The recent takeover of First Republic Bank, the fourth U.S. bank to fail this year, has awakened concerns about the...
China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks – Finance Bitcoin News
Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports,...
BRICS to Promote National Currencies Before Issuing Common One – Finance Bitcoin News
The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative...
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts – Finance Bitcoin News
A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend...
World’s Largest Regional Organization to Switch to Settlements in National Currencies – Finance Bitcoin News
A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of...
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says – Finance Bitcoin News
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist...
BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds – Finance Bitcoin News
The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD)....
Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance – Finance Bitcoin News
According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure...
Russia to Work With Digital Currencies of Other Nations – Finance Bitcoin News
The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of...
