Sending Crypto Should Be as Simple as Sending a Text
Sending Crypto Should Be as Simple as Sending a Text: The Road to Simpler Crypto Wallets The world of cryptocurrency may be constantly evolving, but one thing that remains a challenge is how complicated it can be to send crypto. Even for the technically savvy, setting up a crypto wallet and sending digital assets can […]
SpankChain Shuts SpankPay, Blames Negative Banking Scenario
SpankChain Shuts SpankPay – Blames Negative Banking Scenario for Crypto Payment Processor’s Closure SpankPay, a crypto payment processor that has been operating under the umbrella of Ethereum-based adult entertainment platform SpankChain, has stopped operating. The closure was the result of the platform’s service provider Wyre terminating its agreement to provide payment services to SpankPay. In […]
1-month T-bill rate falls below 4% after $12 billion 20-year bond auction
On Tuesday, the US Treasury Department conducted a $12 billion 20-year bond auction, which marked the first term auction to be held since the banking sector took a hit due to recent market meltdowns. The auction results were closely watched and were seen as a barometer of how the market would react to the current […]
FDA close to a decision on whether to authorize a second round of updated omicron-targeting COVID booster: WSJ
The Food and Drug Administration (FDA) is considering authorizing a second round of updated booster shots tailored specifically to target the omicron variant of COVID-19. This latest news has come as no surprise as we’ve seen a surge in cases globally due to the highly transmissible omicron strain of the virus. The proposed booster shot […]
Crypto Market Liquidity Improved Significantly as USDC Regains Dollar Peg
The cryptocurrency market has seen a significant improvement in liquidity recently, following USDC (USD Coin) regaining its dollar peg, which led to a rally in crypto prices over the past few days. The recovery came after the collapse of Silicon Valley Bank and several other US banks caused market panic, leading to a de-peg of […]
Silicon Valley Bank’s collapse is not a 2008 moment – UBS
The recent collapse of Silicon Valley Bank has created waves in the US banking system, leading many to compare the current situation with the global financial crisis of 2008. However, economists at UBS advise against getting carried away and view the recent bank failures and government action as isolated incidents, rather than precursors to a […]
2-year Treasury jumps back above 4% as selloff in bonds gains steam
On Tuesday, the 2-year Treasury yield took a significant jump of 23 basis points in New York morning trading, reaching 4.15% and marking the highest level it has seen in six years. This surge was caused by a widespread selloff of government debt in anticipation of the Federal Reserve’s highly anticipated policy decision set to […]
Florida Governor Calls for Ban on CBDC in the State
Florida Governor Ron DeSantis, a potential presidential candidate for the 2024 United States presidential election, recently made headlines when he called for a ban on digital dollars in the state. During a press conference on March 20th, DeSantis stood in front of a podium with the words: “Big Brother’s digital dollars” emblazoned across it and […]
NODX moderated the decline in February – UOB
According to senior economist Alvin Liew at UOB Group, the non-oil domestic exports (NODX) in Singapore have continued to decrease, with a 15.6% year-over-year drop in February, marking five consecutive months of contraction after 22 months of growth. The value of NODX has also declined to S$13.0bn, the lowest it has been since June 2019. […]
OKX latest proof-of-reserves reveal $8.9B in assets
Global cryptocurrency exchange OKX has released its fifth edition of its proof-of-reserves (PoR) report, which it began releasing in November 2022, in an effort to increase transparency in the industry. According to the latest edition, OKX holds $8.9 billion across Bitcoin (BTC), Ethereum (ETH) and the Tether stablecoin (USDT). This puts the reserve ratios of […]