Bitcoin hash rate, or the computing power that secures the Bitcoin network, is becoming a unique commodity with compelling investment potential, said KPMG UK senior manager of financial services and partner at KPMG Canada’s Digital Assets Centre of Excellence.
JinseFinanceFormer BOJ official Makoto Sakurai suggests no more rate hikes in 2024, prioritizing market stability amid challenges in the bank's communication strategy.
EdmundThe Bank of Japan is unlikely to raise interest rates again for the rest of the year, but whether it will do so before March remains an open question.
JinseFinanceThe unexpected outage of Microsoft 365 Cloud services on Thursday night sent ripples across various industries, causing notable disruptions. In true internet fashion, the outage quickly sparked a wave of memes on X (formerly Twitter). Users, ever ready to find humor in adversity, shared their creative takes on the situation.
WilfredThe FDIC said early estimates showed that Silicon Valley Bank's failure cost its Deposit Insurance Fund around $20 billion.
CryptoSlateSignature Bank has found a buyer after a week long financial odyssey, the New York Community Bancorp, Inc.
CryptoSlateThe Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and would continue to “respond forcefully, as necessary” to inflation.
OthersGMEX has acquired ING’s Pyctor business to connect CeFi and Defi amid the increasing demand for hybrid finance.
CointelegraphWhat the central bank directly adjusts is the policy interest rate (such as the interest rate of MLF), which indirectly affects rather than directly determines the market interest rate (such as LPR). It should be avoided to say that the increase or decrease of LPR is "the central bank raises or lowers the benchmark lending rate".
FtftxBlockchain analytics firm Chainalysis introduced a new tool to help monitor transactions and tokens across DeFi protocols and multiple blockchains.
Cointelegraph