.BankofAmerica says digital assets continue to act as risk assets, falling as global interest rates rise. willcanny99 reports.
Digital assets continue to act as risk assets, falling as global interest rates rise, Bank of America said in a research report Friday.are a type of cryptocurrency whose value is pegged to another asset, such as the U.S. dollar or gold.
Last week these inflows jumped to $490 million, 58% higher than the previous week, the report said, as “real world use cases like payments/remittances are adopted and real-world data providers like decentralized oracle networks increase functionality.” The four largest stablecoins witnessed exchange net inflows for the third week in a row, the report said, noting that large Binance USD inflows/USD Coin outflows could be the result of investors “preemptively rotating” into BUSD from USDC to avoid disruptions followingBank of America expects regulatory clarity to support decentralized finance adoption.
The jump in ether’s price from mid-July to mid-August continues to reverse as investors digest that the Ethereum blockchain’s switch to does not fix scalability concerns or high fees, and these investors shift to a “wait-and-see approach regarding future upgrades,” the note said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Cryptoverse: After Merge, ether heads for a $20 billion Shanghai splurgeICYMI: The Merge finally happened. Ether moved to a new, more eco-friendly version of its underlying Ethereum blockchain. Here are more of this week's big stories from the world of virtual money
Lire la suite »
Bitcoin and ether sink lower, Fed fights inflation with new rate hike: This week in marketsA weekly report on some of the biggest moves in crypto markets, with commentary from industry experts.
Lire la suite »
MEVbots backdoor drains users’ Ethereum funds via arbitrage trading botHACK ALERT: Backdoor found Ethereum arbitrage bot by MEVbots. Six accounts using this service have lost $ETH holdings. Spread the word!
Lire la suite »
First Mover Asia: Bitcoin Sticks Near $19K; the Most ‘Profitable’ Mining GPU Makes You Back Your Money in 3 YearsBitcoin inches downward in weekend trading to cap a turbulent week, while ether and other major cryptos also fall; mining GPUs won't generate a quick windfall. JPRubin23 and TheSamReynolds report
Lire la suite »
Bank of America Says Cryptocurrencies Continue to Act as Risk AssetsEther continues to slide as investors shift to a wait-and-see approach regarding future upgrades, the bank said in a research report.
Lire la suite »