Bitcoin Holds Above $58K as Odds of Big Fed Rate Cuts Jump to 67%
Markets are seeing a nearly 70% probability of a bigger 50 bps rate cut to the 4.7%-5% range, up from 25% a month ago.
Posts published on September 17, 2024 go to media archive 4/4
Police Warn of Bitcoin Scam Threatening to Expose Private Information
Hillsborough and Campbell, California, residents have been alerted to a new email scam, according to local police departments. Scammers are sending emails containing personal details and photos of victims’ homes, threatening to release…
Solana Price (SOL) Consolidates: Time for a Fresh Comeback?
Solana declined and tested the $128 support zone. SOL price is consolidating losses and might aim for a fresh increase above the $132 resistance. SOL price started a consolidation phase from the $128 zone against the US Dollar. The price is now…
Blockchain could help UK’s $14.5T payments sector, says trade group
Trade group UK Finance hailed experiments on the Regulated Liability Network as a success but called for further talks with regulators to develop the system.
Bhutan has twice as much Bitcoin as El Salvador, says Arkham
Bhutan’s investment arm, Druk Holdings, holds more than 13,000 BTC, which is more than double El Salvador’s stash.
Intel shares jump 6% after plan to spin off AI chip-making arm
Intel shares closed higher following a new plan to spin off its AI-focused foundry business into an independent subsidiary capable of raising outside funding.
Latam Insights Encore: Brazil Shows How States Should Keep an Eye on Crypto Usage for Nefarious Purposes
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we discuss how Brazil is becoming an example of how states should enforce crypto compliance by…
XRP Price Restarts Climb: Will Bulls Push It Past $0.60?
XRP price found support near the $0.5600 zone. The price is again rising and might aim for a break above the $0.60 resistance zone. XRP price remained supported near the $0.560 zone. The price is now trading above $0.5750 and the 100-hourly Simple…
Latam’s Giant Mercado Libre Announces Expansion of Its Stablecoin Project
Mercado Libre, Latin America’s e-commerce and financial services giant, has announced that it will expand its previously launched Meli Dólar, an in-house developed dollar-pegged stablecoin, to other countries. The token, developed in…
Bitcoin Investors Succumb To Fear As BTC Erases $60,000 Weekend Recovery
AI scientists urge ‘contingency plan’ in case humans lose control of AI
In an open letter, scientists shared worry that the loss of human control or malicious use of AI systems could lead to catastrophic outcomes for all of humanity.
UN Chief: Unregulated AI Threatens Democratic Systems
UN Secretary-General António Guterres warned that unregulated artificial intelligence (AI) poses a risk to democratic systems, exacerbating disinformation and gender inequality. He urged countries to establish AI governance guidelines and promote…
Ethereum Price Struggles to Recover: Short-Term Outlook Weak
Ethereum price gained bearish momentum and traded below $2,350. ETH is consolidating losses and might struggle to recover above $2,350. Ethereum started another decline below $2,350 and $2,320. The price is trading below $2,310 and the 100-hourly…
SEC commissioners slam agency after $750K FlyFish Club NFT settlement
SEC commissioners Hester Peirce and Mark Uyeda didn’t believe any US securities laws were triggered and urged the commission to give NFT firms more room to experiment.
Donald Trump silent on World Liberty Financial, team unveils WLFI token
Donald Trump didn’t share any details about his family’s new crypto platform during his 45-minute talk on X, but the team later revealed that a token would be launched.
Is Ethereum Primed For Surge? Analyst Reveals Key Levels to Watch For A $8,100 Rally
Regardless of the Ethereum (ETH) price’s unappealing performance, the latest analysis from top crypto analysts in the space predicts that the asset might be on the verge of a parabolic rise. In a recent post uploaded on X, renowned crypto…
Crypto Project World Liberty Financial, Promoted by Trump Family, Confirms Plan for Token
The team confirms that the governance token will be available under an SEC Regulation D exemption.
Bitcoin Price at Risk of Further Downside: Will Bears Tighten Grip?
Bitcoin price started another decline from the $60,650 resistance. BTC is now at risk of more downsides below the $57,500 support zone. Bitcoin is correcting gains and gaining bearish pace below the $59,000 level. The price is trading below $58,500…
Russian Central Bank Eyes Digital Currency to Overcome Cross-Border Payment Obstacles
Elvira Nabiullina, head of Russia’s central bank, has highlighted challenges in cross-border settlements, including payment issues and falling trade volumes. She emphasized the importance of finding new solutions, such as using digital…
Bitcoin price action ‘tough to call’ after Fed rate decision — Zerocap
Bitcoin could rally as high as $65,000 following expected rate cuts later this week but analysts fear US election uncertainty could keep crypto asset prices lower for longer.
BRICS Payment Platforms Gain Momentum as US Dollar Alternatives, Says Russian Official
BRICS’ new payment platforms, which offer alternatives to the U.S. dollar and euro, are attracting global attention, according to Russian Foreign Minister Sergey Lavrov. These systems enable countries to conduct economic activities without…
DeFi Platform Delta Primes Loses $6 Million In Security Breach, Is North Korea Involved?
Decentralized Finance (DeFi) platform Delta Primes suffered a security breach on Monday, affecting the protocol’s users. The attack took $6 million from the project’s pools and is under investigation. However, on-chain investigators suspect it…
Cathedra Bitcoin cools off mining to tap MicroStrategy playbook
Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in strategy.
Peter Schiff: Fed Is About to Make Major Policy Mistake That Will Crush US Dollar, Reignite Inflation
Economist and gold advocate Peter Schiff has issued a strong warning that the Federal Reserve is on the verge of repeating its past policy errors. He explained that the Fed’s anticipated actions, particularly interest rate cuts, “will be…
Bitcoin Alert: Analyst Predicts New ‘Blood Monday’ With 0.50% Fed Rate Cut Looming
As Bitcoin (BTC) grapples with a challenging market environment, it has struggled to regain momentum, hovering around the $53,000 and $60,000 levels for six consecutive weeks. After losing the crucial $70,000 threshold on August 1, the largest…