CBDCs could have a negative effect on interest rates – Wall Street Journal
Central bank digital currencies (CBDCs), according to the Wall Street Journal, might have a detrimental impact on interest rates by providing the central bank more power over interest rate adjustments. Senior columnist James Mackintosh suggested in his Sept. 8 article, ‘Digital Currencies Pave Way for Deeply Negative Interest Rates,’ that the distinction between a CBDC […]
Bond investors in El Salvador suffer as Bitcoin Law takes effect
El Salvador’s decision to embrace Bitcoin has ruffled bond investors’ feathers. Although, the Bitcoin law seems to be the main reason, other factors need to be taken into account. According to a Bloomberg story published on Sept. 8, the yield curve on El Salvador’s bonds has just inverted, indicating short-term bonds are now yielding more […]
Galaxy Digital provides Argo Blockchain with a $25 million Bitcoin-backed loan
The Bitcoin mining behemoth has entered into another financing deal with Galaxy Digital, this time backed by bitcoin, as it seeks to expand its operations even further. With the help of Galaxy Digital LP, Argo Blockchain has acquired yet another loan deal, this time with the mining firm’s Bitcoin (BTC) as collateral. As announced on […]
SEC charges Rivetz over $18M for an illegal securities offering
Rivetz has been charged by the US Securities and Exchange Commission (SEC) with an alleged $18 million illegal securities offering. Rivetz was created in 2013, and the now-defunct blockchain hardware company is accused of raising $18 million from more than 7,200 investors through an unregistered securities offering between July and September 2017. Rivetz Corp., its […]