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Binance launches a new promotion for its Fixed Rate Loans, offering users the chance to win up to 799 USDC. The campaign runs from September 19 to October 11, 2024. (Read More)
The collaboration aims to provide a secure, stable investment option, mitigating traditional market volatility and risks for lenders.
OKX unveils its Simple Earn Fixed product, available from May 30, 2024, supporting USDT, USDC, BTC, and ETH. (Read More)
The rating agency will provide its perspective on risk mitigation in tokenized fixed income transactions.
Amid market turbulence, tokenised fixed income assets offer clarity and opportunity. Discover how blockchain technology is transforming traditional bonds into accessible, transparent investment options. (Read More)
Losses from hacks and scams reached their lowest level since 2022 when CertiK first started recording the data, with flash loan attacks and private key hacks decreasing.
The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark bank rate to 5%, marking a significant 0.5 percentage point increase. This decision catapults the central bank’s rate to its highest level since 2008 and represents the most substantial surge in three months. Coinciding with this development, [...]
The post Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency appeared first on Crypto Breaking News.
After experiencing a disruption while attempting to upgrade the Dash blockchain, the network has now resumed block production. As of the time of writing, 552 blocks have been confirmed since the incident. Despite the onchain resolution provided by Dash Core 19.1.0, individuals have expressed complaints regarding mining on a different chain. Complaints Arise as Dash [...]
The post Dash Block Production Resumes After Disruption Amidst Miner Complaints appeared first on Crypto Breaking News.
The Nvidia System Management Interface (nvidia-smi) is a command line utility, based on top of the Nvidia Management Library (NVML), intended to aid in the management and monitoring of Nvidia GPU devices. It has a number of useful commands for mostly monitoring the status of your Nvidia GPUs, but there are some commands that can […]
Cross-chain exchange Fixed Float has frozen 112 ether ($200,000) stolen in a front-end attack on the decentralized exchange Curve Finance.
Curve Finance’s front end was compromised on Tuesday through a Domain Name Service (DNS) attack. The attackers had redirected users asking them to approve a malicious contract.
The DNS attack resulted in a loss of stablecoins worth $612,000, which according to security firm CertiK were swapped to ether (ETH).
Transferring the swapped ETH to Fixed FloatAfter swapping the stablecoins to ether, the attackers then tried transferring the ETH tokens to the Fixed Float exchange where the funds were seized.
Fixed Float is a decentralized Lightning Network-based exchange that allows users to swap between ether and bitcoin and it is believed the attacker wanted to launder the ether for bitcoin.
After freezing the funds, Fixed Float commented on Twitter saying:
“Our security department has frozen part of the funds in the amount of 112 ETH.”
The Curve Finance hack was unique in that the attackers avoided funneling all the stolen funds through Tornado Cash, a popular mixer on Ethereum that hackers use to obfuscate transfers of stolen tokens. Only a small amount was sent to Tornado Cash.
In recent days, Tornado Cash has been in the limelight after it was sanctioned by the US treasury.
According to Ryan Wegner, a lead security engineer at Polygon, the attacker transferred 242 ETH to Fixed Float, about 26 ETH to Tornado Cash, and 23 ETH to SideShift, a none-KYC crypto exchange.
The post Cross-chain exchange Fixed Float seizes 112 ETH ($200,000) stolen from Curve appeared first on Invezz.
As one of the most loved sports in the world, hockey offers a lot of betting opportunities. Fans of NHL hockey love its physicality and fast pace, which makes it one of the most exciting sports to watch. With a few well-researched and legal wagers, things only get better. How Does NHL Betting Work? You […]
Let Fidelity take the wheel and drive you through the wonderful world of volatility. Bitcoin critics wield one of the asset’s main characteristics as an unsolvable failure, but, is it? According to Fidelity, “bitcoin is fundamentally volatile.” That doesn’t deter it from fulfilling “its ultimate investment objective of preserving wealth over long time periods.” Related Reading | Fidelity Says What We’ve Been Thinking: Countries & Central Banks Will Buy BTC The company said all that in Fidelity ‘s latest edition of “The Research Round-Up.” In their longer explanation, they use oil and gold as examples to explain the whole volatility process. We’re in the summarizing business, though. Here at NewsBTC, we will distill their article, state the main points, and briefly comment on them. Fidelity Explains Bitcoin’s Fixed Supply “Bitcoin is unique in that it is a good whose supply is completely inelastic to changes in price. In other words, supply does not (and cannot) change in response to price.” There will only ever be 21 million bitcoin and that’s that. With other goods, there’s a cycle. “Going back to economic principles, we know that when demand increases for a good, in the short-term the price will rise. However, the higher price then incentivizes suppliers to produce more. More supply will then bring down the price.” This doesn’t happen in bitcoin. “With bitcoin, supply cannot change regardless of what price does. Therefore, any change in demand, short-term as well as long-term, will have to be reflected by changes in price.” It’s only logical. The laws of supply and demand can only affect the price, and so they do. “There is no change in supply to dampen the effect of price moves, even over the longer-term.” Mix that with an ever-decreasing supply of new coins, due to the halvings, and you have a perfect recipe for what bitcoiners call “number go up technology.” Fidelity summarizes the phenomenon with a quote from Parker Lewis: “Bitcoin is valuable because it has a fixed supply and it is also volatile for the same reason.” Those two characteristics come in a package. BTC price chart for 03/09/2022 on FX | Source: BTC/USD on TradingView.com Bitcoin As A Store Of Value “Something that has low volatility is not necessarily a good store of value in the long run, while something that has high volatility does not mean that it can’t be a good store of value in the long run.” It’s easy to get scared by volatility. Investors, traders, and even true believers let their feeling get in the way and exit the market with every little bump in the road. However, there’s no one that has holded bitcoin for more than four years and is in the red. Literally no one. Related Reading | Bitcoin Volatility Drops To 15 Month Low; What This Could Mean Let’s get an obvious example from Fidelity, “The U.S. dollar is not volatile but has also not been a good store of value in terms of purchasing power, while bitcoin is considered very volatile, but has been a much better store of value over the past ten and even five years.” “Volatility is a byproduct of price discovery, and there is no other way for price discovery to happen in a free market.” Even though bitcoin is 13 years old, it’s still going through price discovery. How much is bitcoin really worth? We won’t know for years, even decades. “This process of individuals all coming to adopt bitcoin in different ways and timeframes necessarily must produce volatility,” completes Fidelity. Fidelity Thinks Bitcoin’s Volatility Is Decreasing “The limited historical evidence we do have so far appears to be showing volatility declining over the long-term.” Bitcoin Volatility decreasing | Source: Fidelity The graph clearly shows that volatility is slowly fading. This is only logical. Fidelity explains, “as gold went through a major price discovery process in the 70’s, which then resulted in amassing a larger base of investors, volatility naturally declined.” We’re still early, though. This is not financial advice, but, for now, you should learn how to ride volatility and use it in your favor. Featured Image by Chris de Tempe on Unsplash | Charts by TradingView and Fidelity
A Fix-income investment management giant PIMCO began to get involved in the cryptocurrency field and gradually increased the amount of investment. (Read More)
Portfolio Insurance? I thought Bitcoin was too ‘speculative’? Key Points Bond market conditions worsen, giving BTC power Bonds market suffering from lack of liquidity Fixed-income market moving towards Bitcoin Famous high-Yield Bond trader turned BTC bull calls bonds ‘a ponzi’ Experts expect a ‘Bitcoin standard’ is coming, in the face of decrepit fiat monetary policy […]
The post Forbes Labels Bitcoin ‘Portfolio Insurance’ appeared first on CryptosRus.
DeFi’s Latest Innovation in Fixed Income with Treehouse CEO Brandon Goh The world of decentralized finance (DeFi) continues to push boundaries and explore new frontiers. One area that has been lacking in the DeFi ecosystem is fixed income opportunities. However, this missing link is now being addressed by Treehouse, a DeFi platform led by CEO [...]
The post Treehouse CEO Identifies Fixed Income as DeFi’s Key Puzzle Piece appeared first on Crypto Breaking News.
Fixedfloat, an automatic cryptocurrency exchange, has been hacked by an unknown attacker who siphoned almost $26 million worth of BTC and ETH. The exchange, which has already acknowledged the attack, is investigating the event and working to eliminate all possible vulnerabilities. Meanwhile, Fixedfloat’s platform remains closed until further notice. Fixedfloat Loses $26 Million in ETH [...]
The post Cryptocurrency Exchange Fixedfloat Hacked, Close to $26 Million Lost in BTC and ETH appeared first on Crypto Breaking News.
Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that “we’re going to have a 4ish floor in inflation.” [...]
The post Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023 appeared first on Crypto Breaking News.
Binance introduces a promotional offer for Fixed Rate Loans, giving suppliers up to a 50% yield boost in USDC during the promotion period from November 12 to November 30, 2024. (Read More)
MicroStrategy may decide not to move forward with the perpetual preferred stock offering if market conditions aren't favorable this quarter.
According to Bank of America analysts, the Nigerian currency is currently undervalued and will likely end the year trading at around NGN680 per dollar. The analysts assert that higher oil revenues and a liberalized import regime will likely see Nigeria record current account surpluses in the medium term. Freely Floating Naira Just under a month [...]
The post Nigeria Currency Presently Undervalued Says Bank of America Analysts appeared first on Crypto Breaking News.
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