JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market weakens. While some other Wall Street firms have adjusted their outlooks… » …Read More
Kamala Harris has done nothing to confirm she will support or protect the industry so far, while her political opponent is going above and beyond for it… » …Read More
A milestone has been reached in Bitcoin’s supply schedule – 94% of the total Bitcoin supply has now been issued through mining. Out of a hard-capped total of 21 million BTC, over 19.74 million have been mined so far. Bitcoin’s supply is issued through mining, where computers validate transactions and receive Bitcoin as a reward. The initial mining…
Invest Hong Kong, the government department responsible for attracting foreign direct investment, has announced the 7th edition of the Global Fast Track (GFT) 2024, a program designed to empower business connectivity among fintech startups, corporates, and investors. The program, open for applications until September 20, offers fintech companies worldwide the opportunity to pitch their cases…
QCP Capital notes that the highly anticipated debate between former President Donald Trump and current Vice President Kamala Harris may have a significant impact on the crypto market. Both figures, who are among the most polarizing in recent U.S. political history, are expected to influence price action in the days leading up to the debate……
Pantera Capital, an institutional asset manager focused on blockchain technology, has called Solana the “Mac OS of blockchains” in its latest blockchain letter. The firm details that the rise of Solana over Ethereum is reminiscent of what Microsoft experienced when Apple entered the market, highlighting Solana’s growing retail adoption and architectural advantages… » …Read More
U.S. prosecutors are requesting a reduced sentence for Ilya Lichtenstein, the mastermind behind the 2016 Bitfinex bitcoin heist, citing his significant cooperation in recovering stolen assets. Lichtenstein faces sentencing for stealing 120,000 bitcoin, worth $71 million at the time. U.S. Government Recommends Lighter Sentence for Bitfinex Hacker Due to Cooperation Prosecutors are recommending a lighter…
At 9:35 a.m. EDT on Tuesday, bitcoin reached a peak of $67,922. By 10:20 a.m., it was still riding high, trading between $66,905 and $67,101, marking a nearly 3% increase. This uptick pushed bitcoin’s seven-day gains to 6.7% against the U.S. dollar. According to recent data… » …Read More
The SEC approved the first leveraged single-stock ETF targeting MicroStrategy, which offers amplified Bitcoin exposure due to its large holdings. The 175% daily leveraged MSTX ETF is issued by Defiance ETFs… » …Read More
Chivo Wallet, the official Bitcoin wallet of the Salvadoran government, has been operating without presenting any of its financial balances to the National Registry Center (CNR). While Chivo is a private company managed by El Salvador’s government and is not legally required to disclose its activities… » …Read More