Grayscale’s GBTC Discount to NAV Breaks Records as Spread Widens by More Than 35% â Bitcoin News
[ad_1] Grayscale Investmentâs Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTCâs discount to spot has been underwater for a total of 577 consecutive days. GBTC Discount to NAV Widens by 35% â Fund Reaches an All-Time Low Against […]
Nicolas Maduro Tempts West With an Abundance of Oil and Gas, Venezuelan President Wants Sanctions Lifted â Economics Bitcoin News
[ad_1] Amid the economic rumblings across the world and the energy crisis in Europe, Venezuelan president Nicolas Maduro has said his country is ready to step up and help with oil. Despite the fact that Venezuela has the largest supply of crude oil in the world, U.S. economic sanctions imposed in 2019 by the Trump […]
Fed Chair Jerome Powell Says a ‘Difficult Correction’ Should Balance US Housing Market â Economics Bitcoin News
[ad_1] Following the Covid-19 pandemic, real estate investors did extremely well, despite the millions of Americans that were put out of work and faced evictions during the lockdowns in 2020. Stimulus put a bandage on the financial wounds inflicted by Mainstreet business shutdowns and deadlocked supply chains. In fact, after the pandemic, Americaâs housing market […]
While Known Mining Pools Currently Dominate, Unknown Miners Discovered the Most Bitcoin Blocks During the Last 13 Years â Mining Bitcoin News
[ad_1] The Bitcoin network has been operational for 5,012 days and so far, more than 755,000 blocks have been mined into existence. During the last year, Foundry USA and Antpool were the top two miners as the combined pools collectively mined 18,229 blocks out of the 53,510 blocks mined this year. Foundry is the leader […]
Github Partially Reinstates Tornado Cash Codebase, Open Source Code Set to Read-Only Mode â Bitcoin News
[ad_1] The internet hosting and software development subsidiary of Microsoft, Github, has partially unbanned the Tornado Cash repositories following the recent sanctions enforced by the U.S. Treasury Departmentâs Office of Foreign Asset Control (OFAC). Githubâs decision follows the U.S. Treasury updating the public, noting that U.S. persons can copy, view, and discuss the open-source code. […]
Uniswap Foundation to Distribute $1.8 Million in Grants to 14 Recipients â Defi Bitcoin News
[ad_1] The Uniswap Foundation (UF), the group behind the decentralized exchange (dex) Uniswap, announced the first wave of foundation grants on Wednesday as it plans to distribute $1.8 million total, awarded across 14 grants. The UF announcement details that a touch more than $800K will be awarded to Uniswap Diamond, a project being constructed by […]
âInvestors Are Running out of Havensâ â Erratic Behavior in US Bond Markets Points to Deep Recession, Elevated Sovereign Risk â Economics Bitcoin News
[ad_1] Yields on long-dated U.S. Treasuries have been erratic this year and this week, the 10-year Treasury yield crossed 3.5% for the first time in a decade. Following the Fedâs 75bps (basis points) rate hike, 10-year notes reached 3.642% and two-year Treasury notes jumped to a 15-year high at 4.090%. The curve between the two- […]
This Weekâs NFT Sales Slide, Bored Ape Market Cap Drops 21%, Floor Prices Sink Lower â Markets and Prices Bitcoin News
[ad_1] Non-fungible token (NFT) sales this week dropped 10.88% lower than the week prior. Roughly $118.02 million worth of NFTs were sold this week compared to last weekâs $132.43 million. Further, the top two NFT collections with the largest market capitalizations shed significant value during the past seven days. While Bored Ape Yacht Clubâs market […]
Boba Network Partners With Avalanche, Boba AVAX L2 to Provide ‘Faster Transactions and Lower Fees’ â Blockchain Bitcoin News
[ad_1] On Wednesday, the layer two scaling solution that leverages optimistic rollup technology, Boba Network has revealed it now supports the proof-of-stake (PoS) network Avalanche. According to the Boba Network team, the new Avalanche support will produce âfaster transactions and lower fees.â Boba Network Integrates With the Avalanche PoS Blockchain Boba Network, the layer two […]
Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation â Economics Bitcoin News
[ad_1] The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bankâs move follows the consumer price index (CPI) report last week that showed U.S. inflation jumped last month by 8.3% per annum. Fed Raises Federal Funds Rate by 75bps anticipates âOngoing Increasesâ On September […]