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Fed Expected to Take Dovish Stance in 2024 with Over 100 Basis Points of Cuts
27.11.2023
The Fed is expected to cut interest rates by over 100 basis points in 2024 as inflation rates fall, adopting a more dovish monetary policy stance. Image by Monster Ztudio, Adobe Stock. The U.S. Federal Reserve is likely to adopt a dovish monetary policy stance in 2024, according to projections...
The Collision of AI and Crypto Attracts Scammers – What’s Going On?
27.11.2023
Source: Adobe / ZayNyi As the crypto industry continues to evolve, a new wave of scams is emerging, blending the hype of artificial intelligence (AI) with crypto, Kathleen Breitman, co-founder of the Tezos blockchain, has warned. Writing in a commentary piece for Fortune on Sunday, warned of...
New Ethereum L2 Protocol Blast Faces Scrutiny as Paradigm Raises Concerns – Here’s What You Need to Know
27.11.2023
Source: Adobe / lumerb Blast, the newly announced Ethereum (ETH) layer-2 scaling network led by the founder of top NFT marketplace Blur, has faced some controversy despite gaining notable traction. For one, Paradigm, a prominent venture capital firm in the crypto space, has outlined numerous...
SEC Faces Difficulty in Serving Lawsuit to Richard Heart, Hex and PulseChain Founder – What’s Going On?
27.11.2023
Source: Adobe The United States Securities and Exchange Commission (SEC) is encountering difficulties in serving a lawsuit against Richard Schueler, also known as Richard Heart, the founder of Pulsechain, PulseX, and the controversial project Hex. On July 31st, the SEC filed a lawsuit against Heart...
China Links Digital Yuan to ‘World’s Biggest Commodities Market’
27.11.2023
Source: kitti/Adobe A state-owned Chinese bank will link the digital yuan to the “world’s biggest small commodities market” via the latter’s payment platform. Per the People’s Daily, the new “cross-border” CBDC drive is the brainchild of the Bank of China and the city of Yiwu. Not to be confused...
Japanese Tax Agency Investigates Hundreds of Crypto Tax Violations
27.11.2023
Source: umaruchan4678/Adobe The Japanese National Tax Agency (NTA) has revealed it has recently investigated hundreds of crypto tax violations. The NTA released its annual report on tax investigations ahead of the weekend, including a section on crypto taxation. The data in the report, and also...
MicroStrategy’s Bitcoin Holdings Drive Stock to Two-Year High – Here’s the Latest
26.11.2023
Source: Adobe/monticellllo MicroStrategy, the enterprise business firm known for its bullish stance on Bitcoin (BTC), has seen its stock soar to a two-year high. The technology company’s shares closed above $500 on Black Friday, a level not seen since December 2021, according to data from...
Bitcoin as Legal Tender: El Salvador’s Risky Financial Maneuver Struggles to Pay Off
24.11.2023
El Salvador Bitcoin. Source: RawBeautyPixels/Adobe More than two years after implementing Bitcoin (BTC) as legal tender, El Salvador’s big crypto bet is still struggling to bear fruit. That includes the government’s own BTC investments, which still appear to be underwater due to...
CoinFLEX Crypto Exchange Creditors Accuse Other Exchange OPNX of Wrongful Use of Assets
24.11.2023
Source: Adobe / pathdoc Creditors of the crypto derivatives exchange CoinFLEX are alleging that the newly established creditor claims marketplace OPNX, founded by bankrupt crypto hedge fund Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, wrongfully used CoinFLEX assets without their...
Coinbase COIN Rallies 49.7% in 24 Hours Reaching Highest Level Since May 2022 – Bull Market Starting?
24.11.2023
Source: Adobe Coinbase is experiencing a swift turnaround in its fortunes following a significant rally in its stock price. Listed on the Nasdaq trading floor, the COIN stock price has rallied over 49%, according to data from TradingView. The crypto-backed stock started November at $77 but...
Bitcoin Price Punches Through $38,000 Resistance as Bulls Eye Test of $40K – Where Next for BTC?
24.11.2023
Bitcoin Logo / Source: Adobe Bitcoin (BTC) just punched through $38,000 to hit new highs for the year, with a near-term retest of $40,000 looking increasingly likely. The world’s largest cryptocurrency by market capitalisation was last trading around $37,800 and with gains of around 1.5% on...
Bitcoin Lightning Wallet Vanishes: Wallet of Satoshi Removed From Apple and Google’s US Stores
24.11.2023
Wallet of Satoshi removed its app from US stores, puzzling Bitcoin Lightning users. Image by Lukas Gojda, Adobe Stock. Popular Bitcoin Lightning wallet app Wallet of Satoshi has suddenly vanished from Apple and Google’s app stores in the United States. The disappearance was first noticed...
DeFi Users Seek Clarity as Australia’s Tax Office Fails to Explain New Capital Gains Tax Rules
24.11.2023
The ATO’s opaque DeFi tax guidance perplexes Australian crypto investors. Image by Vadym, Adobe Stock. The Australian Taxation Office (ATO) released new guidance on November 9, stating that capital gains tax (CGT) applies to certain decentralized finance (DeFi) transactions. The tax agency...
Bitcoin’s Path to a Supercycle: Will 2024 Mark the End of Dramatic Downturns?
24.11.2023
Source: Adobe / Simon The idea of a Bitcoin supercycle, first introduced by Bitcoin educator Dan Held in 2020, is once again gaining traction in the community as Bitcoin is entering what some believe could be another long-term bullish phase. The key driver behind this potential supercycle is...
100,000 South Koreans Will Start Using CBDC Next Year
24.11.2023
Source: tktktk/Adobe The Bank of Korea (BOK) has announced that 100,000 South Korean citizens will start making “real-world” CBDC transactions next year. The central bank said that the digital won will be tested in the “fourth quarter of the next financial year.” Per the media outlet Newsway,...
Russian Bailiffs Will Get More Powers to Seize CBDC & Crypto
24.11.2023
Source: evgris/Adobe Moscow will give Russian bailiffs more new powers to seize digital rubles and cryptoassets in bankruptcy cases. Per Comnews, the plan is the brainchild of the Ministry of Justice and the Russian Federal Bailiff Service (FSSP). The ministry wants to give bailiffs a range of...
Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading
23.11.2023
Raiffeisen Bank. Source: Adobe / Cristi Austria’s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks breaking into the digital asset custody business. The 130-year-old bank announced plans for the service in April upon signing a letter of intent...
Unidentified Whale Deposits 10,000 ETH Worth $20 Million in New Blast L2 Project
23.11.2023
Source: Adobe / 2ragon Blast, a newly launched Ethereum-based layer 2 network, is already gaining traction in the market after one unidentified whale deposited a massive 10,000 ETH to the network. The deposit was made on Wednesday this week, just two days after Blast went live in “early access”...
Trader Cashes In $12M as Blur NFT Platform Airdrops 300M Tokens to Users
23.11.2023
A cryptocurrency trader scored big with a $12.1 million haul from Blur’s NFT token airdrop. Image by Vladimir Kazakov, Adobe Stock. The popular NFT marketplace Blur recently concluded an end-of-season airdrop, distributing 300 million reward tokens worth around $160 million to traders on...
Grayscale Updates Bitcoin ETF Prospectus After Discussing with SEC
23.11.2023
Grayscale continues efforts to secure regulatory approval for a Bitcoin ETF. Image by Ascannio, Adobe Stock. On Wednesday, digital asset manager Grayscale submitted an updated prospectus to the Securities and Exchange Commission (SEC) for converting its Grayscale Bitcoin Trust into a spot bitcoin...