Commentary Eric Adams, the mayor of New York City, believes schools and colleges across the land should add cryptocurrency to future curriculums. Bitcoin, in his opinion, is “the new way of paying for goods and services throughout the entire globe.” It’s not, and, in all likelihood, it never will be. Try buying a loaf of…
Chinese Universities Embrace Blockchain Technology–Should US Universities Do Likewise?
Bitcoin Holds Ground After Touching Highest This Year
LONDON—Bitcoin on Tuesday held ground just below its highest this year, touched a day earlier, with gains for the original cryptocurrency topping 27 percent since the Ukraine war. Bitcoin hit $48,234 on Monday evening, its highest since Dec. 31. It was last trading up 0.9 percent at $47,553. Its gains lifted smaller cryptocurrencies that tend…
Euro Jumps After Ukraine Offers Neutral Status, Yen Rebounds
March 29, 2022
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Business & EconomycrisiscryptocurrencyeuroEuropeForexMarketsRussiaRussia-Ukraine WarstockstalksUkraineWorld
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The euro jumped on Tuesday after some progress was reported in peace talks between Russia and Ukraine. Russia promised at the talks in Istanbul to drastically scale down its military operations around Kyiv and the northern Ukrainian city of Chernihiv, while Ukraine proposed neutral status with international guarantees. The U.S. dollar was lower, while the…
Yen at 6-year Low Versus Dollar as BOJ Moves Against Rising Bond Yields
NEW YORK—The dollar surged to a six-year high versus the yen after the Bank of Japan moved to contain rising bond yields, while U.S. Treasury yields soared to new multiyear highs, highlighting the divergence in tightening cycles between the BOJ and other major central banks. Treasury 10-year yields vaulted above 2.5 percent to three-year highs,…
Bitcoin Rises 4.4 Percent to $46,499
Bitcoin surged 4.41 percent to $46,499.29 at 22:07 GMT on Sunday, adding $1,963.64 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 41.1 percent from the year’s low of $32,950.72 on Jan. 24. Ether, the coin linked to the ethereum blockchain network, surged 3.92 percent to $3,270.67 on Sunday, adding $123.45…
Will Cryptocurrency Buy Your Next Home?
March 28, 2022
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Business & Economycrypto mortgagecryptocurrencyhousesInvestmentMarketspersonal financereal estateUSUS NewsUS Real Estate
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Bitcoin, Ethereum, Tether, Dogecoin, and Cardano are just a handful of the digital currencies that have been slowly edging their way into our financial system as the cryptocurrency craze spreads throughout the globe. People are using these forms of digital money to purchase everything from hamburgers to hotel rooms and now, apparently, even the American…
El Salvador Postpones Bitcoin Bond Issue, Expects Better Conditions
SAN SALVADOR—El Salvador postponed an unprecedented issue of a bitcoin-backed bond planned for last week, as the government decided to wait for favorable conditions in the financial market, Finance Minister Alejandro Zelaya said on Tuesday. The Central American government had scheduled the launch of the $1 billion bond between 15–20 March, but the war between…
Japanese Crypto Exchange Coincheck Targets US IPO via $1.3 Billion SPAC Merger With Thunder Bridge
March 23, 2022
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Business & EconomyCoincheckCompaniescrypto exchangecryptocurrencyeconomyJapaneseMarketsmergerSPACThunder BridgeUS IPO
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Japanese crypto exchange Coincheck Inc. looks to go public in the U.S. via a special purpose acquisition company merger with Thunder Bridge Capital Partners IV Inc. in a $1.25 billion deal. The transaction also includes an earn-out of up to 50 million shares. The deal would provide proceeds of $237 million to the combined company. The combined entity…
Australian Government To Approve Cryptocurrency Platforms
The Australian government has set its sights on the country’s cryptocurrency market in what is expected to be one of the most significant sets of reforms to the country’s payment system in over 25 years. The government is now seeking industry feedback to develop a “tick of approval” for cryptocurrency exchanges—the platforms responsible for connecting…
Possibility of 50 Basis Point Fed Hike Pushes Yen and Euro Down
March 22, 2022
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Business & EconomycommoditiescrisiscryptocurrencyCurrencieseconomic policieseconomyEuropeFedForexglobalMarketsratesRussia-Ukraine WarstocksUkraineWorld
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LONDON—The dollar rose on Tuesday as Federal Reserve Chair Jerome Powell put the possibility of 50 basis point rate hikes on the table, while the yen fell below the psychological 120 level as the Bank of Japan reiterated its support for ultra-loose monetary policy. The euro was also under pressure, sliding to an almost one-week…
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