Crypto News 

Dash Aims to Become a Payment Currency…

“The cannabis industry, for example, can benefit tremendously from the cryptocurrency payment industry” writes Jp Buntinx for livebitcoinnews.com. Does Dash have the potential to transition to a viable payment currency?. This creates new business opportunities for any cryptocurrency targeting the payment industry.Unlike Bitcoin and Ethereum, Dash is not content with being a speculative cryptocurrency. Source: livebitcoinnews.com Share This:

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Finance Chiefs Keep Borrowing, Resulting in Higher Debt Levels

“In the U.S., speculative grade ratings represent 67% of issues and 38% of outstanding debt, higher than in other regions” writes Nina Trentmann Wsj for wsj.com. The default rate for speculative grade companies was 3% at the end of April, down from 3.2% in the prior month.In some sectors, including retail and high-tech industries, around 70% or more of companies are rated speculative grade instead of investment grade.This is also reflected in the rise in number of so-called fallen angels, companies that were downgraded to speculative grade from investment grade.Finance…

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Moody’s warns of ‘particularly large’ wave of junk bond defaults ahead

“The level of speculative grade issuance peaked in the U.S. in 2013, at $334.5 billion, according to the Securities Industry and Financial Markets Association” writes Francisco Leong for cnbc.com. “This extended period of benign credit conditions has helped many weak, highly leveraged companies to avoid default,” she wrote.”The record number of highly leveraged companies has set the stage for a particularly large wave of defaults when the next period of broad economic stress eventually arrives.”. “Strong investor demand for higher yields continues to allow all but the weakest issuers to…

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Crypto Futures Markets News Regulators 

Bitcoin Plunge from $20K Due to Futures, Says Fed

“Before the futures market opened to bitcoin, investors who were pessimistic about the future of bitcoin had no way to gain financially from a decline” writes Rebecca Mcclay for investopedia.com. Bitcoin’s dramatic plunge from near $20,000 per U.S. dollar was linked to the launch of the futures market that allowed investors to short the digital currency, according to a report from the San Francisco Federal Reserve.But, the futures markets allowed those bitcoin skeptics to find a financial way to benefit.But when the Chicago Mercantile Exchange (CME) launched futures trading on…

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Futures News 

Hedge fund net bearish bets on 10-year Treasury notes hit record high

“The number of speculative bets on falling 10-year Treasury futures exceeded bets for rising futures by 462,133 contracts for the week ending April 24, an all-time record, according to the Commodity Futures Trading Commission” writes Sunny Oh for marketwatch.com. Bond prices rise when yields fall.This week saw the 10-year Treasury yield TMUBMUSD10Y, -0.81% hit a more than four-year high of 3.035% on Wednesday, before pulling back to 2.959% on Friday. Source: marketwatch.com Share This:

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The economy could be more unstable than any other time over the past couple of decades

“This should be worrisome to investors and even more so to those managing monetary policy because it suggests that financial instability within the economy may be greater than any other time over the past couple of decades” writes Thefelderreport Com for businessinsider.com. The second theorem of the financial instability hypothesis is that over periods of prolonged prosperity, the economy transits from financial relations that make for a stable system to financial relations that make for an unstable system. Source: businessinsider.com Share This:

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Crypto News 

Speculative bubble is bursting and has a long way to fall, economists warn

“Bitcoin has all the hallmarks of a classic speculative bubble and even after almost halving in value in a matter of weeks it still has further to fall, according to a leading team of economists” writes Martin Farrer for theguardian.com. The currency’s volatility has alarmed regulators around the world and suggestions that it could be banned triggered the latest falls.As regulators in South Korea again signalled on Thursday that they were considering a ban on cryptocurrency exchanges, Capital Economics also dismissed claims that bitcoin and its imitators could replace established…

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The Clever Engineering Behind Intel’s Chipocalypse

“Google found three possible exploits that take advantage of speculative execution and they aren’t exclusive to Intel” reports vice.com. “During speculative execution, the processor is verifying these assumptions; if they are valid, then the execution continues.And part of what makes threading work so well and so invisibly is something called “speculative execution.”. In speculative execution, the system makes informed guesses as to which branch is most likely to be chosen.It is possible for this speculative execution to have side effects which are not restored when the CPU state is unwound,…

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Crypto News 

FiREapps CEO says bitcoin is ‘too speculative’ for big companies

“Companies “are waiting for governments to issue those digital currencies, so they can take advantage,” he added” writes unknown author for cnbc.com. FiREapps provides currency analytics and foreign exchange exposure management technology solutions for multinational companies.”They are saying we can’t get involved with bitcoin, but we like the idea of bitcoin and others.The executive predicted countries will eventually come out with their own digital currencies.FiREapps CEO Wolfgang Koester said current cryptocurrencies are not suitable for companies. Source: cnbc.com Share This:

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Crypto News Regulators 

Janet Yellen says bitcoin is a highly speculative asset — but the Fed played a key role in its rise

“She said bitcoin ” is a highly speculative asset” that “at this time plays a very small role in the payment system.”” writes Pedro Nicolaci Da for businessinsider.com. Yet for better or worse, the Federal Reserve has played an important, two-part role in the emergence of the bitcoin phenomenon.If you have a million bucks in bitcoin trying to do it in an exchange you’re going to crash the price,” Chorzempa said.”It looks less like a currency every day because the price is just skyrocketing like a speculative asset,” he told…

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