Bitcoin News and Finance: What You Need to Know

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Emerging markets investors are being attracted by local currency-denominated bond instruments while leaving dollar-denominated debt, according to data provided by EPFR Global, a fund flow and allocation data insights company. These markets have outperformed dollar-denominated debt due to the behavior of currencies like the Brazilian real and the Mexican peso, which have appreciated against their U.S. counterpart. Emerging Market Debt Investors Flee to Local Currency Bonds Investors in emerging market debt have taken interest in local currency-denominated instruments, while abandoning dollar-based bonds, according to data provided by EPFR Global, a fund flow and allocation data provider. Numbers indicate that monetary flows have moved from bonds denominated in hard currency to local currency bonds, given that these have outperformed their dollar-denominated counterparts. EPFR Global found that during the first four months of the year, investors withdrew $2.65 billion from emerging m...

Sleeping Bitcoin Wallet Awakens: $3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy  JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.” The billionaire banker also discussed the potential for commercial real estate to sour following concerns raised by Berkshire Hathaway’s Charlie Munger about the sector. JPMorgan’s Jamie Dimon Discusses Souring Commercial Real Estate Sector This week Jamie Dimon, the CEO and chairman of JPMorgan Chase, along with some of his colleagues, discussed the state of the U.S. economy during the bank’s investor day event. According to JPMorgan, the economy is “doing fine,” but a “mild recession” is still expected. In line with Charlie Munger’s warning to the Financial Times, Dimon expresse...

Sleeping Bitcoin Wallet Awakens: $3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy My Applets Explore Developers Upgrade Create Bitcoin News-GA4 Activity Error Applet failed May 23 - 4:18 PM RSS Feed Bitcoin News-GA4 Action failure message: This Applet has reached its daily rate limit and was skipped. RSS Feed icon RSS Feed New feed item Trigger ran, 4:18 PM Blogger icon Blogger Create a post Action failed, 4:18 PM Error Applet failed May 23 - 2:17 PM RSS Feed Bitcoin News-GA4 Action failure message: This Applet has reached its daily rate limit and was skipped. RSS Feed icon RSS Feed New feed item Trigger ran, 2:17 PM Blogger icon Blogger Create a post Action failed, 2:17 PM Error Applet failed May 23 - 1:16 PM RSS Feed Bitcoin News-GA4 Action failure message: This Applet has reached its daily rate limit and was skipped. RSS Feed icon RSS Feed New feed item Trigger ran, 1:16 PM Blogger icon Blogger Create a post Action failed, 1:16 PM Check Applet ran May 23...

Sleeping Bitcoin Wallet Awakens: $3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy  The European Union (EU) has no intention of allowing Russian banks to be reconnected to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) banking system anytime soon. Peter Stano, spokesperson for external affairs of the EU, stated that these restrictions can only be lifted or softened when the Russia-Ukraine conflict ends. EU Has No Intention of Lifting SWIFT Sanctions on Russian Banks The European Union (EU) has denied the possibility of allowing Russian banks to be interconnected to the financial system using the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system, which allows the realization of cross-border payments using local bank accounts. In a recent interview with Inveztia magazine, EU spokesperson for external affairs Peter Stano remarked these sanctions could not be lifted or softened until the Russia-Ukraine conflic...

Sleeping Bitcoin Wallet Awakens: $3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy  Bitcoin rebounded on Tuesday, as a result of weakness in the U.S. dollar, following failed talks to tackle the debt ceiling crisis. President Biden stated, “We reiterated once again that default is off the table and the only way to move forward is in good faith toward a bipartisan agreement.” Bitcoin Bitcoin ( BTC ) rose above $27,000 on Tuesday, as a result of weakness in the greenback, following failed talks to increase the U.S. debt ceiling. After dropping to a low of $26,714.18 to start the week, BTC /USD surged to a peak of $27,434.68 earlier today. Tuesday’s gains saw bitcoin marginally break out of a resistance level at the $27,300 mark. This coincided with the relative strength index (RSI) climbing above a ceiling of its own, at 44.00. At the time of writing, the index is now tracking at 47.10, with an upcoming zone of 50.00 a likely target for bulls. Should they...

PRESS RELEASE. Undeads Metaverse, AAA survival Web3 game, proudly announces the completion of its first mint amidst the prevailing crypto winter market. This achievement underscores the resilience of high-quality projects backed by experienced teams, demonstrating their ability to thrive even in adverse market conditions. Despite encountering external hurdles within the broader market, the exceptional calibre of the Undeads project, its team, and the unwavering support of the community became evident. “The Undeads team has exhibited remarkable success during a challenging market environment. The completion of this mint marks just the beginning of our journey. As production continues on the Undeads Metaverse, we are poised to accelerate our efforts,” stated Leo Kahn, CEO of Undeads Metaverse. At the time of publication, Undeads Zombies NFT collection increased in value to reach a floor price of 0.20ETH, a 150% increase from the original mint price of 0.08ETH. Undeads Metaverse ext...

In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may extend “forbearance” to DCG in order to prevent a default. DCG’s Alleged Missed Payment Adds Fuel to Gemini-DCG Dispute On May 19, 2023, Gemini announced an update for the company’s Earn customers, which explains the “process of finding a resolution for all Earn users to redeem their assets.” When the collapse of FTX spread to Genesis Global Capital’s lending arm, it affected Gemini’s Earn program, and Gemini paused the program . Following that issue, Gemini co-founder Cameron Winklevoss shared an open letter on Twitter in hopes of getting Digital Currency Group (DCG) CEO Barry Silbert’s attention . In the aftermath of the dispute, it has come to light that Genesis’ parent company, DCG, has allegedly failed to make a payment to its credit...