The post Why Weather Concerns Just Sent Coffee And Chocolate Prices Soaring appeared on BitcoinEthereumNews.com.
Topline Coffee and chocolate, two of the world’s most widely consumed and traded commodities, soared in value as investors appeared concerned El Niño weather patterns could disrupt harvests across Brazil and West Africa, with analysts warning that coffee has approached “meme-stock territory.” Arabica coffee futures soared toward “meme-stock territory” after their largest one-day move in decades, analysts said. AFP via Getty Images Key Facts Coffee futures jumped as much as 18.5% on Monday, hitting $3.57 per pound in the commodity’s largest intraday gain since 2000, and extending a 48% rally since June 10, before stumbling by more than 7% in early trading Tuesday. Monday’s “historic session” pushed coffee futures into “meme-stock territory,” according to the financial services group StoneX, which said aggressive buying by institutional investors and computer-driven trading fu
Bitcoin futures demand flips positive as CryptoQuant flags a bull setup, but exchange stablecoin reserves near $63.2B say the cash to fund it keeps leaving. The cash sitting on exchanges keeps thinning out. That would normally end the conversation. Bitcoin futures demand apparently decided otherwise. Futures positioning for BTC has flipped positive, according to a […]
The post Bitcoin Futures Demand Turns Positive While a $63B Cash Problem Won’t Budge appeared first on Live Bitcoin News.
Strategy's Bitcoin sale aims for a credit rating boost, potentially lowering borrowing costs and signaling financial discipline to investors.
The post Strategy sells 3,588 Bitcoin to chase S&P credit rating upgrade appeared first on Crypto Briefing.
The post Ripple Partner Secures Funding From Tether appeared on BitcoinEthereumNews.com.
Stablecoin issuer Tether has announced a $20 million investment in Mercado Bitcoin, one of Latin America’s largest digital asset exchanges and on-chain financial platforms. The financing round is meant to speed up the expansion of Mercado Bitcoin’s blockchain-based infrastructure across tokenization, digital payments, and credit markets in Brazil and the broader region. Notably, Mercado Bitcoin is a key regional partner for San Francisco-headquartered enterprise blockchain firm Ripple. The two firms previously partnered to deploy Ripple Payments to facilitate cross-border treasury operations between Brazil and Portugal. Ripple Exec: Washington Can’t Ignore Crypto Dogecoin (DOGE) Uptrend Attempt Is Fuelless, XRP Paints Severe RSI Divergence, Bitcoin (BTC) Recovery Rally Is Premature: Crypto Market Review Additionally, Ripple has supported Mercado Bitcoin’s massive tokenization efforts, which inclu
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The post Tether Invests $20M in Mercado Bitcoin appeared first on Coinpedia Fintech News Tether, the issuer of the world’s largest stablecoin, USDT, is making another major expansion move. The company has announced a $20 million investment in Brazil-based Mercado Bitcoin, one of Latin America’s biggest regulated crypto platforms. Could this deal position Brazil as the next major crypto innovation hub? Why Is Tether Investing in Mercado Bitcoin? Tether’s … Source: https://coinpedia.org/news/tether-invests-20m-in-mercado-bitcoin/
The elimination of the developer gas rebate on NEAR Protocol could enhance token scarcity, potentially boosting long-term value for investors.
The post NEAR Protocol governance votes to eliminate developer gas rebate appeared first on Crypto Briefing.
Brazil's intervention in its bond market highlights the challenges of managing sovereign debt amid rising yields, impacting global investor confidence.
The post Brazil’s Treasury plans to intervene in $447B inflation-linked bond market appeared first on Crypto Briefing.
The post Tether Invests $20M in Brazil’s Mercado Bitcoin appeared on BitcoinEthereumNews.com.
Tether has invested $20 million in a strategic growth financing round for Mercado Bitcoin, Brazil’s largest crypto exchange, the stablecoin issuer announced Tuesday. The deal backs Mercado Bitcoin’s push into tokenization, payments, credit and capital markets across Latin America. Mercado Bitcoin,… Tether has invested $20 million in a strategic growth financing round for Mercado Bitcoin, Brazil’s largest crypto exchange, the stablecoin issuer announced Tuesday. The deal backs Mercado Bitcoin’s push into tokenization, payments, credit and capital markets across Latin America. Mercado Bitcoin, founded in 2013, has grown from a digital asset exchange into a full-stack regulated platform, according to Tether’s release. It now serves 4.5 million users, has issued more than R$2 billion ($370 million) in tokenized assets, and holds more than 10 licenses across Brazil and Europe, including a Payment I
Tether has invested $20 million in a strategic growth financing round for Mercado Bitcoin, Brazil's largest crypto exchange, the stablecoin issuer announced Tuesday. The deal backs Mercado Bitcoin's push into tokenization, payments, credit and capital markets across Latin America. Mercado Bitcoin,…
