Ethereum Foundation sells 5,000 ether to Tom Lee’s BitMine in $10.2 million deal
The funds will support the EF’s core operations, including protocol R&D and ecosystem grants, as part of a treasury strategy to balance ETH and fiat-like assets.
Finance
Boris Johnson calling Bitcoin a ‘Ponzi’ draws rebuttal from Michael Saylor and others
The cryptocurrency community pushed back, with Michael Saylor saying Bitcoin has no issuer, promoter, or guaranteed return, and is instead driven by code and market demand.
Wall Street pushes tokenized stocks, but institutions aren’t eager to trade them
Exchanges are racing toward blockchain-based equities and 24/7 trading. Institutions, however, fear liquidity and funding risks.
Brazil industry giants representing 850 companies decry stablecoin tax threat
They argue the tax would be illegal, violating Brazil’s Constitution and Virtual Assets Law, as stablecoins are not considered fiat currency.
Expect a ‘nasty’ economic collapse similar to 2008, warns trading veteran
Trading veteran Todd Horwitz is warning that the United States economy could be heading toward a severe downturn reminiscent of … Continue reading
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Stablecoins, bitcoin could reshape finance, Stanley Druckenmiller says
The billionaire investor said stablecoins could become the whole payment system in 10-15 years, and reiterated that crypto might replace the U.S. dollar as the global reserve currency.
U.S. sanctions 6 people, 2 companies that laundered $800 million in crypto for North Korea
The Treasury Department said North Korea infiltrated IT workers into U.S. businesses and channeled their wages back to the country to fund weapons of mass destruction programs.
Ripple’s share buyback program values the firm at $50 billion: Bloomberg
Despite the bear market, today’s report suggests a higher valuation than the $40 billion at which the firm raised funds in November.
March Fed rate cut odds collapse to near zero as recession fears fade
The odds that the Federal Reserve will cut its benchmark interest rate on March 18 have dropped to near zero … Continue reading
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Prepare for an ‘extreme’ stock rally, banking giant warns
American banking giant Goldman Sachs’ trading desk has stated that hedge fund positioning in U.S. equities could set the stage … Continue reading
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