Japanese authorities intervene as USD/JPY surpasses 160, yen stabilizes around 154.5. BOJ faces dilemma: intervene or raise rates? Debt-to-GDP ratio exceeds 260%. Yen's decline may impact global currencies, Fed's stance crucial.
Xu LinWOOFi on the Arbitrum chain suffered an attack and lost approximately US$9 million. The attack exploited contract vulnerabilities to raise the price of WOO and then redeemed a large amount of WOO at a low price, ultimately resulting in heavy losses. Officials communicated with the attackers and proposed white hats.
JinseFinanceOn the morning of February 15, 2024, we monitored that the DualPools project was attacked by hackers. The details are as follows.
JinseFinanceWithin the ever-evolving cryptocurrency landscape, GYEN crypto emerges as a significant innovation reshaping decentralised finance. Developed by GYEN Labs and launched in 2018, this stablecoin operates on the Ethereum blockchain, offering users a secure alternative for financial transactions, bypassing the traditional banking system.
JoyEthereum's current price stands at $1638.2, with a 10-day Exponential Moving Average (EMA) of $1649.6 and a 10-day Simple Moving Average (SMA) of $1646.1.
AlexReported by Reuters on July 20, this move aligns with the increasing global trend among central banks to delve into the development of digital versions of their currencies for retail use.
Coinlive The Mitsubishi UFJ Financial Group, Datachain, and Solamitsu are working on making the Progmat Coin, a Yen-backed stablecoin, interoperable.
BeincryptoSeveral banks will stress test a digital yen for more than two years.
OthersInvestors need a plan to cater for every eventuality, as analysts still focus on $16,000 as a downside target.
CointelegraphThe Bank of Japan’s executive director announced that the eagerly-awaited digital yen won’t be used to attain negative interest rates.
Cointelegraph