September, 2024

BlackRock calls Bitcoin a ‘unique diversifier’ in document sent to clients
Asset manager BlackRock sent a 9-page document to its clients on Sept. 18 that portrays Bitcoin (BTC) as a “unique diversifier” for portfolios. The document highlighted the characteristics that ma...

‘It’s Almost Over’ – Analyst Benjamin Cowen Predicts Ethereum Bottoming Out Against Bitcoin
Popular crypto analyst Benjamin Cowen thinks Ethereum (ETH) is close to bottoming out against Bitcoin (BTC). Cowen tells his 856,500 followers on the social media platform X that he thinks the ETH/BTC...

Ethereum in ‘Doldrums’ As Bitcoin and Solana Outperform ETH, Says Bitwise CIO Matt Hougan – Here’s Why
The chief investment officer of crypto asset management firm Bitwise says that Ethereum (ETH) appears to be in a period of stagnation after being outpaced by both Bitcoin (BTC) and Solana (SOL). In a ...

Bitcoin Taps $61,000 As Federal Reserve Slashes Interest Rates for First Time in Four Years
The Federal Reserve just cut interest rates for the first time since March of 2020, fueling volatility in global markets. The move marks the central bank’s shift from fighting inflation to respondin...

Department of the Treasury Sanctions Cambodian Senator Accused of Running Crypto Scams
The financial intelligence and enforcement agency of the U.S. Treasury Department is announcing sanctions against a Southeast Asian lawmaker and businessman. The Treasury Department’s Office of Fore...

Sui Surges Over 35% in a Week Amid Plans To Support Native USDC Stablecoin on the Layer-1 Blockchain
Layer-1 smart contract platform SUI Network (SUI) is surging after announcing plans to support the stablecoin USDC. In a new blog post, USDC issuer and payments platform Circle says that the network w...

German Central Bank: Mergers Must Yield ‘Robust’ Competition
The chief of Germany’s central bank wants bank mergers to produce robust, competitive institutions. “We need strong and robust banks so that companies can tackle and finance their future tasks,”...

UK’s FCA Cautions Banks About Lowering Savings Rates Too Quickly
At a time when the market expects interest rates to continue dropping, the United Kingdom’s Financial Conduct Authority (FCA) is cautioning banks and building societies about lowering the rates they...

Amazon Teams With PayPal as Buy With Prime Shoppers Jump 50%
Amazon launched a new integration with PayPal amid a surge in Buy with Prime use. The eCommerce giant revealed several enhancements to its merchant and shopper offerings at its Accelerate seller confe...

JPMorgan Joins BIS Cross-Border Payments Project Using Digital Currencies
Some of the world’s biggest banks and payments firms are teaming to rethink cross-border payments. As Bloomberg News reported Wednesday (Sept. 18), the Bank for International Settlements (BIS) h...

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September, 2024

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