Yen stablecoin issuer JPYC’s Series B reaches $38M
JPYC said it plans to use the new capital to expand its financial and Web3 ecosystem and accelerate adoption of its yen-pegged token. Japanese yen...
Tag : yen
US yen intervention puts Bitcoin, risk assets on notice for liquidity flux
Joint currency interventions in the yen by Japan and the US could ultimately benefit Bitcoin (BTC) and risk assets. Key points: The first joint intervention...
US hints at more yen intervention: Five things to know in Bitcoin this week
Bitcoin (BTC) starts the first full week of August circling $63,000 as traders weigh the impact of the ongoing Coldcard wallet hack. Key points: US...
BOJ intervenes to defend yen near 160, holds rates steady
Japan’s central bank held interest rates steady at 1.0% on Friday after a reported major intervention in the yen. Key points: Japan holds interest rates...
BoJ Holds at 1% as Yen Intervention Fades: Bitcoin’s Carry Trade Risk Grows
Japan’s Ministry of Finance confirmed yen buying, dollar selling intervention on July 30, sending USD/JPY sharply lower before the pair recovered later. However, the rebound...
Markets eye Bank of Japan meeting on Friday as yen repeats 40-year US dollar lows
Japan’s central bank is in focus this week as its next interest-rate meeting comes amid new 40-year yen lows against the US dollar. Key points: ...
Japan’s SBI to launch yen stablecoin lending with 3% yield
Tokyo-based SBI VC Trade will begin accepting applications Thursday for a Japanese yen-denominated stablecoin lending service offering an initial annualized rate of 3% on JPYSC...
Bitcoin price risks drop below $58K as US dollar hits 40-year high against yen
Bitcoin (BTC) fell toward $58,000 around Tuesday’s Wall Street open as the clock ticked down to a brutal quarterly close. Key points: US stocks’ Q2...
SBI Group Launches JPYSC, Japan’s First Trust Bank-Backed Yen Stablecoin
JPYSC has officially launched today, Japan’s first trust bank-backed yen stablecoin, issued by SBI Shinsei Trust Bank and distributed exclusively through SBI VC Trade. The...
Bitcoin Price Prediction: Bank of Japan Rate Hike and Piling Yen Shorts Threaten BTC
Bitcoin price is back above $65,000, gaining more than $3,000 in a day, although Washington helps, news from the other side of the world threatens...