Headlines

Yen Rescue Could Fuel a Bitcoin Rally

Key Takeaways Arthur Hayes published his “Yen-quake” essay on Substack on August 10. Japan and the GPIF pension fund hold a combined $1.373 trillion in U.S. Treasuries as leverage. The Fed’s FIMA repo facility caps each counterparty at $60 billion, a limit Hayes expects to rise. Three Ways to Strengthen the Yen Hayes, the BitMEX…

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Ravencoin falls 19% as consensus flaw splits network

Ravencoin disclosed on Aug. 11 that a critical consensus vulnerability had been exploited since Aug. 7, allowing vulnerable nodes to accept invalid blocks beginning at height 4,487,776.  Summary Ravencoin said invalid blocks began at height 4,487,776 after a critical consensus vulnerability was exploited. 2Miners released an emergency patch rejecting forged blocks and advised every network…

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Bitcoin may benefit if Fed expands FIMA, Hayes says

BitMEX co-founder Arthur Hayes said on Aug. 11 that a Federal Reserve facility increasingly discussed as part of Japan’s yen defense could eventually create a liquidity tailwind for Bitcoin, Ether and gold.  Summary Hayes says expanded FIMA lending could strengthen yen while adding temporary dollar liquidity to markets. Japan officially plans to use FIMA after…

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Why This Crypto Prediction Platform Just Shut Down

Prediction markets terminal Fireplace is shutting down less than seven months after launch. The company raised $1.5 million in February and is giving users until September 30 to close positions and withdraw funds. Fireplace, the prediction markets trading terminal that raised $1.5 million in February, told users on August 10 that it is shutting…

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