Bank of Japan Ends Eight-Year Negative Rates Regime; Bitcoin Slides to $62.7K
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
Yen
Bitcoin-Yen Pair Hits Record High, Reflects Stress on Japan’s Fiat Currency
Bitcoin’s ongoing rally is telling of current market perceptions about fiat currencies, with sentiment being weakest for the Japanese yen.
Dollar/Yen Trading Volume Surpasses Bitcoin on DeFi Platform Gains Network
Early Thursday, a large leveraged short position in USD/JPY pair worth $8.26 million crossed the tape on Gains Network.
Japanese Exchange GMO to Offer XRP Users Yen for Delayed Songbird Airdrop
The handouts are part of a token airdrop whose snapshot took place in 2020.