Bank of America has reported $131.6 billion in unrealized losses on securities in Q3, but analysts say it is unlikely to sell the securities at a loss due to strong liquidity and higher capital. The post Bank of America Unrealized Losses Top Record $131B; High Interest Rates a Saving Grace? appeared first on BeInCrypto.
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Twitter, now known as X, is testing a $1 subscription fee for new users in New Zealand and the Philippines to combat bots and spam, while also increasing revenue. The post X (Twitter) to Test Charging $1 in Battle Against Spam & Scam Bots appeared first on BeInCrypto.
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Ethereum layer-2 protocol Scroll has launched to mainnet after two years of development, offering a zero-knowledge Ethereum Virtual Machine platform for the Ethereum network. The post Ethereum L2 zkEVM Protocol Scroll Launches to Mainnet appeared first on BeInCrypto.
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Diva, a new liquid staking platform, is attempting a 'vampire attack' on Lido by offering better incentives, resulting in a 600% surge in total value locked. Meanwhile, Lido plans to sunset its protocol on Solana. The post Liquid Staking Protocol Diva TVL Surges 600% in Lido ‘Vampire Attack’ appeared first on BeInCrypto.
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Trading volumes on centralized crypto exchanges have fallen to a three-year low, with a 19.3% decrease in September alone, according to a report by Wu Blockchain. The post Crypto Exchange Trading Volumes Sink to 3-Year Low While HODLers Sit on Sidelines appeared first on BeInCrypto.
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Uniswap, a leading decentralized exchange, has introduced a 0.15% swap fee on certain tokens, drawing criticism from the crypto community. The new fee, applicable to 11 assets, is in addition to the protocol fee. The post Crypto Community Irked as Uniswap DEX Introduces Swap Fees appeared first on BeInCrypto.
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Economists predict permanently high interest rates in the US, with markets factoring in rates not returning to the central bank's target. High national debt may push the Federal Reserve to lower rates quicker. The post Why Permanently High US Interest Rates Could Be Here to Stay appeared first on BeInCrypto.
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The US government, holding around $5.4 billion worth of seized Bitcoin, shows no urgency to liquidate its stash, as the process involves lengthy investigations and legal proceedings. The post US Gov Holds Big Bitcoin Stash, But No Rush to Liquidate appeared first on BeInCrypto.
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This week's economic events, including US retail sales data and Fed Chairman Jerome Powell's speech, are not expected to impact the flat crypto markets, despite escalating geopolitical tensions. The post Weekly Economic Calendar: Fed Chair Speech, Retail Data and Geopolitical Tensions appeared first on BeInCrypto.
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Around 24,000 Bitcoin options contracts worth approximately $640 million are set to expire on October 13, potentially impacting the crypto markets. The post How Will $640 Million Bitcoin Options Expiry Impact Crypto Markets? appeared first on BeInCrypto.