The recent announcement by the Federal Reserve regarding interest rate cuts has sent shockwaves through the financial markets. Powell’s speech in Jackson Hole, Wyoming, indicated a clear shift towards a regime of interest rate cutting, with an explicit endorsement of rate cuts in the near future. This change in policy direction has the potential to
Bitcoin ETFs have been grabbing headlines recently with a staggering influx of over $500 million in the last trading week alone. This surge comes after a rough start earlier in the month, where losses amounted to more than $550 million in just three days. The steep decline in Bitcoin’s price, plummeting from over $65,000 to
Shan Hanes, the former CEO of Heartland Tri-State Bank, was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. This scheme, known as “pig butchering,” involved luring unsuspecting investors into fraudulent digital asset investments through unauthorized wire transfers. Hanes executed 11 of these transfers between May and July
Samuel Edyme, also known by his intriguing nickname HIM-buktu, is a multifaceted individual with a diverse skill set that knows no bounds. As a web3 content writer, journalist, and aspiring trader, he navigates the complexities of the crypto universe with finesse. Despite facing the adversity of falling victim to a Ponzi scheme early on in
The Cardano (ADA) community is buzzing with excitement as the anticipated Chang hard fork approaches its launch date. There has been a surge of over 52% in ADA, the native token of the Cardano ecosystem, leading up to this significant event. Intersect, a member-based organization for the Cardano community, has been actively sharing updates and
Indian cryptocurrency exchange WazirX recently announced a comprehensive restructuring plan after experiencing a major security breach on July 18. The platform revealed that external parties not invested in the exchange may be attempting to prolong the restructuring process for their own gains. These parties are said to be creating and maintaining uncertainty rather than seeking
Shibarium is a layer-2 blockchain solution that operates on the Ethereum network, specifically catering to the needs of the Shiba Inu ecosystem. The primary objective of Shibarium is to reduce transaction costs, enhance speed, and boost scalability within the network. Launched a year ago, Shibarium has achieved significant milestones, processing over 418 million transactions to
Opeyemi is not just an ordinary writer; he is a passionate enthusiast of the cryptocurrency realm. Despite not initially choosing the digital asset industry, he has been captivated by it for over two years now. His dedication to unraveling the complexities of blockchain technology and sharing insights on the latest trends in cryptocurrencies sets him
The joint statement released by Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek highlights the challenges posed by the European Union’s fragmented regulatory structure on artificial intelligence (AI) innovation. They pointed out that the current regulatory framework in the EU is hindering the growth and development of AI technologies by creating inconsistent and overlapping
German authorities recently conducted a large-scale operation to seize nearly 250,000 euros and 13 crypto ATMs as part of a crackdown on unlicensed cryptocurrency activities. Led by the Federal Financial Supervisory Authority (BaFin), the operation targeted 35 locations across the country where crypto ATMs were allegedly operating without proper licensing. This initiative, carried out in
