In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction is currently viewed as more probable than …
Continue reading “CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting”
NFT sales saw a solid increase this week, climbing 4.87% from the previous period to reach a total of $79.38 million. According to cryptoslam.io, the number of NFT buyers jumped by 34.13%, while sellers grew by 28.72%. Top NFT Collections See Gains This Week, Bitcoin-Based Nodemonkes Leads the Pack Throughout the last seven days, Ethereum-based …
Continue reading “NFT Sales Climb 4.87% as Ethereum and Bitcoin Collectibles Dominate”
Binance founder and former CEO Changpeng Zhao (CZ) has been released from U.S. custody after serving a four-month sentence for his role in compliance failures at Binance. His sentence followed a plea deal that included a $50 million fine and stepping down as Binance’s CEO. Despite his prison sentence, Zhao remains incredibly wealthy, with plans …
Continue reading “Binance Founder CZ Released From US Custody After Serving 4-Month Sentence”
Albert Castellana, co-founder and CEO of Yeager.ai, believes artificial intelligence (AI) can propel blockchain-based applications beyond simple, static contracts. AI integration unlocks “much more subjective decision-making,” opening doors to entirely new use cases, he argues in written responses to Bitcoin.com News questions. Risks Associated With Centralized AI Models Castellana said he envisions developers creating applications …
Continue reading “Crypto Veteran Says Decentralized AI Reduces Bias and Manipulation Risks”
China has announced it will allow institutional investors to use central bank financing to make stock purchases. The Chinese government is now looking at creating a market stabilization fund starting with an initial pool of 800 billion yuan – $113 billion – to be injected into equities markets, Bloomberg reports. Governor Pan Gongsheng said Beijing …
A closely followed crypto strategist and trader says one enterprise solutions project may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that Zilliqa (ZIL) may continue its breakout on the weekly chart. He suggests that the altcoin may be following the lead of dog-themed memecoin …
Bitcoin has surged past $65,000, boosted by China’s stimulus measures and stablecoin inflows.
A widely followed crypto analyst known for making timely altcoin predictions is turning bullish on memecoins. Pseudonymous trader Bluntz tells his 276,300 followers on the social media platform X that multiple meme tokens are witnessing big breakouts, leading him to believe that memecoin season is here. One altcoin on his radar is the Solana (SOL)-based …
According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates that exchanges and trading platforms are preparing to accommodate a large demand for …
Continue reading “Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD”
Vladimir Putin highlighted that Russia is examining the use of national digital currencies to implement an independent and supranational alternative payment system. However, he also outlined the intricacies of building such a platform, given the level of integration of major trading partners with the current financial system. Russian President Acknowledges Relevance of Digital Currencies for …
Continue reading “Putin: Russia Examining Digital Currencies for Independent Payments”
Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) and altcoins will witness big upside bursts for the rest of the year. In a new video, Svenson tells his 79,800 YouTube subscribers that Bitcoin and altcoins are poised for more gains over the coming weeks and months. According to Svenson, the altcoin market cap appears to be …
Suze Orman, a well-known financial advisor, advocates for bitcoin exposure, despite contrasting views from other prominent investors like Dave Ramsey and Warren Buffett. She underscores the potential gains for those who can manage its volatility. “Everybody should absolutely have exposure to bitcoin,” she said. Suze Orman Encourages Bitcoin Investment With Caution Financial advisor Suze Orman …
Continue reading “Suze Orman Recommends BTC: ‘Everybody Should Absolutely Have Exposure to Bitcoin’”
U.S. authorities have seized over $6 million worth of cryptocurrency linked to a fraudulent investment scheme organized by Southeast Asian criminals. Targeting U.S. individuals, the criminals manipulated victims through fake cryptocurrency platforms. The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) recovered the funds using blockchain tracing. DOJ Seizes $6 Million in …
Continue reading “FBI Seizes $6M in Crypto From Southeast Asian Scammers”
Crypto exchange Bybit has secured a major license in Kazakhstan, marking its expansion in the Commonwealth of Independent States (CIS) region. With its new regulatory approval, Bybit plans to offer a broad range of services including digital asset trading and crypto loans, while emphasizing Kazakhstan’s growing influence in the global crypto ecosystem. Bybit Secures Key …
Continue reading “Bybit Expands in CIS Region With Kazakhstan License for Crypto Services”
Crypto platform Zort’s CEO has been arrested on multiple charges. Allegations against Iza include paying large sums to Los Angeles County deputies for illegal activities, such as unlawful searches, extortion schemes, and even a failed kidnapping attempt. “Iza boasted about paying ‘active duty’ law enforcement $280,000 per month,” according to the authorities. Crypto Platform CEO …
Continue reading “Crypto Platform CEO Arrested for Allegedly Paying Deputies in Extortion Scheme”
