The chances of a December interest rate cut by the U. S. Federal Reserve are looking shaky. Right now, less than half of the investors think it's going to happen. This drop in confidence is making waves in the crypto market, which is already feeling the heat. Just a few weeks ago, the odds were much better, with nearly 67% betting on a cut. But things change fast. B...
The stock market had a wild ride on Friday. It started with a big drop but then bounced back. The S&P 500, which tracks a big chunk of the market, ended the day with a tiny loss. The Nasdaq, home to many tech giants, actually finished in the green. The Dow Jones, however, took a bigger hit, though not as bad as it looked earlier. Nvidia, the star of the AI world, wa...
NiceHash has introduced a new tool called Hashrate TradeView. It lets people trade computing power, or hashrate, used in mining cryptocurrencies like Bitcoin. This tool makes hashrate trading more like trading stocks. Hashrate TradeView shows price charts, trading volumes, and other market data. These features help users understand the market better. It also lets th...
Bitcoin's value has taken a hit, dropping to about $103, 000 this week. This drop has sparked worries that the largest cryptocurrency might be heading into a rough patch. Morgan Stanley, a big finance company, has warned that Bitcoin is now in its "fall season, " a time they say usually brings slower growth. Other major cryptocurrencies like Ethereum, XRP, and Solan...
In a surprising turn of events, a trial involving two brothers from MIT ended without a clear answer. The case was about a huge sum of money, $25 million, linked to cryptocurrency. The brothers, James and Anton Peraire-Bueno, were accused of fraud and money laundering. But after three days, the jury couldn't agree on a verdict. This is not the first time this year th...
Brazil is stepping up its game in the crypto world. The central bank has just rolled out new rules for trading virtual assets, including cryptocurrencies. These rules aim to tackle money laundering and terrorism financing, extending existing regulations to virtual-asset service providers. Crypto has been booming in Brazil, and the central bank is taking notice. Gove...
AI is growing fast, but it's facing some big problems. It's using too much power, keeping things secret, and making it hard for small players to compete. Crypto might just be the solution. By using blockchain, we can make data more open, share computing power, and even fight bias in AI. Right now, a few big companies control most of the AI world. They own the cloud ...
Strategy has been on a shopping spree, snapping up more Bitcoin. This time, they grabbed 487 coins, dropping around $50 million. That's a lot of digital cash! Now, they're sitting on a massive 641, 692 Bitcoins. That's worth over $67 billion. Not too shabby, right? Last week, they bought 397 Bitcoins. That's a tiny 1. 8% more than the week before. Some big players a...
October saw a massive influx of money into US exchange-traded funds (ETFs), with a record-breaking $166 billion in net new assets. This surge was led by Vanguard, which had its best month ever, pulling in over $50 billion. The largest share of these inflows went into US stock ETFs, with large-blend ETFs capturing the most attention. Vanguard's S&P 500 ETF, VOO, was ...
A big shake-up happened in the crypto world. The boss of Samourai Wallet, Keonne Rodriguez, got a five-year prison sentence. Why? He ran a service that mixed up Bitcoin to hide where the money came from. Prosecutors say this service laundered a huge amount of money—over $237 million. Rodriguez and his partner, William Lonergan Hill, were arrested last year. They wer...