Cash

Circle discloses $55.7 billion worth of cash, Treasury reserves

Circle discloses $55.7 billion worth of cash, Treasury reserves

Circle issued its first monthly report closely detailing reserves for its US-dollar backed stablecoin, showing $55.7 billion in cash and three-month US Treasury securities at the end of June.  The fintech company, best known for its dollar-pegged stablecoin, USDC, disclosed in the unaudited report that it is holding $13.58 billion in cash at regulated …

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Tornado Cash governance rejects plan to diversify treasury holdings

Tornado Cash governance rejects plan to diversify treasury holdings

A vote for Tornado Cash (TORN) — a coin mixing protocol for obscuring blockchain transaction history — to diversify its treasury holdings into ether (ETH) has failed. This comes as a lot of governance platforms continue to wrestle with the fact that their treasuries are declining rapidly. The governance vote, which concluded on July …

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Buffett extols importance of cash over ‘new form of money’: reports

Buffett extols importance of cash over ‘new form of money’: reports

advertisement Legendary investor Warren Buffett championed cash over “new forms of money” and said Berkshire Hathaway would “always have a lot of cash on hand,” as CNBC, CNN and others published live updates of him addressing the company’s annual shareholder meeting today in Omaha, Nebraska. Buffett, 91, didn’t specify bitcoin or other cryptocurrencies, though in …

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Avalanche, Bitcoin Cash, Flow Price Analysis: 17 March

Avalanche, Bitcoin Cash, Flow Price Analysis: 17 March

With Bitcoin’s 4-hour 20 EMA jumping above its 50 EMA, Avalanche, Bitcoin Cash, and FLOW projected bullish technicals in the near term. The latter two of these cryptos saw a patterned breakout as the bulls countered the selling pressure. Avalanche (AVAX) Source: TradingView, AVAX/USDT As the bulls finally stalled the January sell-off, AVAX saw a …

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Bitcoin Cash could climb to this level before its next leg downward

Bitcoin Cash could climb to this level before its next leg downward

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin Cash has been in a strong downtrend since mid-November. Selling pressure has been relentless and the market structure continued to remain bearish. Bitcoin was also not in a pretty spot on the chart as …

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Saudi Central Bank Mulls Blockchain for Finance, Rejects Phasing Out Cash: Report

Saudi Central Bank Mulls Blockchain for Finance, Rejects Phasing Out Cash: Report

Saudi Arabia’s central bank is experimenting with emerging technologies like blockchain for the finance sector, but doesn’t intend to phase out cash in favor of digital payments, according to an interview with local newspaper Al Eqtisadiah. Central bank digital currencies (CBDCs) are one of the most important financial technologies under development, but the kingdom does …

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Bitcoin Futures ETFs May Boost Cash and Carry Yields

Bitcoin Futures ETFs May Boost Cash and Carry Yields

Assuming Wall Street embraces these ETFs, the futures premium, or the spread between futures prices and spot prices, would rise significantly, boosting yields from cash and carry strategy, which involves buying the asset in the spot market and simultaneously selling futures contracts. Carry trades are direction-neutral and profit from an eventual convergence of the two …

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Bitcoin Cash, Tezos, Chiliz, NEM Price Analysis: 27 April

Bitcoin Cash, Tezos, Chiliz, NEM Price Analysis: 27 April

The market’s altcoins, including the likes of Bitcoin Cash, Tezos, Chiliz, and NEM, have closely mimicked the price action of the world’s largest cryptocurrency over the last few days. At the time of writing, however, it was still unclear whether BTC, and by extension, the rest of the market, would sustain its uptrend. Bitcoin Cash …

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