Tether’s ‘new era for capital raises’ Bitfinex bond flops

Bitfinex’s recently launched Tether (USDT) tokenized bond, hailed as a “new era for capital raises,” appears to have failed to garner the investment and interest the firm anticipated.Bitfinex Securities, a platform focused on listing tokenized real-world assets (RWA), ann ...

Philippines to sell $179M in tokenized treasury bonds for the first time

The Philippines Bureau of the Treasury announced it would offer 10 billion pesos ($179 million) of one-year tokenized treasury bonds for the first time after canceling the traditional auction scheduled for Nov. 20.The Bureau of the Treasury will offer these tokenized bonds to institutional ...

Bitfinex Securities announces tokenized bond

Bitfinex Securities, a platform focused on listing real-world tokenized securities has announced its first tokenized bond that will be listed later in November this year. The new tokenized bond called ALT2611 is a 36-month, 10% coupon bond, denominated in USDT and issued by Mikro Kapital, one of ...

Just how bullish is the Bitcoin halving for BTC price? Experts debate

A recent panel at the Swan Pacific Bitcoin festival was cleverly titled, “Are halving price cycles bullshit?” Throughout the discussion, host and founder of the Bitcoin Layer Nik Bhatia asked Marathon Digital CEO Fred Thiel, Swan CIO Ralph Zagury and Swan product manager Andy Edstrom ...

CPI report may show uptick in US inflation — How will Bitcoin price react?

The S&P 500 index is currently trading only 6% below its all-time high, which was reached in January 202. Traditionally, such a situation would be seen as a bullish sign for risk-on assets, including commodities and cryptocurrencies, but this time, it appears that investors have been using th ...

3 reasons why Bitcoin’s price is primed to hold the $30,000 level as support

Bitcoin’s price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward.Bitcoin (BTC) remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 rang ...

Bitcoin futures premium hits 18-month high — Time to flip bullish?

The Bitcoin futures premium reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate “excessive excitement” or a “return to the mean” after a prolonged bear market.BTC price gains capped by regulators, macroeconomicsBit ...

US Treasury yields are rising — What does it mean for Bitcoin price?

United States Government bonds, or Treasurys, have a tremendous influence across all tradeable markets, including Bitcoin (BTC) and Ether (ETH). In that sense, risk calculation in finance is relative, so every loan, mortgage and even cryptocurrency derivatives depend on the cost of capital attrib ...

Circle Rebalances USDC Collateral with $8.7 Billion Repo Deal, Involving Major Banks

This highly liquid position serves to protect reserves The deal involves major banks, including Goldman Sachs Circle has rebalanced the USDC token collateral again. The Black Rock Fund, which manages the asset reserves, has entered into several repurchase transac ...

Peter Schiff Praises ChatGPT’s Investment Recommendation of Gold over Bitcoin

Peter Schiff, a well-known critic of cryptocurrencies, recently shared his thoughts on the investment recommendations provided by the ChatGPT neural network. According to Schiff, ChatGPT is "intelligent enough to prefer gold over bitcoin." Recently, the Gold IRA Guide published a report on the ...

Tether Transfers Funds to Bahamas using Signature Bank’s Payment Platform, Signet

Tether Uses Signet to Transfer US Dollar Funds to Bahamas Banking Partner. According to recent reports, Tether, the issuer of USDT stablecoin, used Signet, the payment platform of Signature Bank, to transfer US dollar funds to its banking partner, Capital Union Bank, in the Bahamas. The transf ...

Tether CTO Reveals $1.6B Excess Reserves to Back USDT Stablecoin

During an interview, Paolo Ardoino, the CTO of Tether, made a significant announcement regarding the company's excess reserves. According to Ardoino, Tether currently has approximately $1.6 billion in reserves to support its stablecoin, USDT. Tether's USDT is backed by a variety of real assets, i ...