Category: Featured
-
Ethereum’s Vitalik Buterin Explores AI’s Role in Decentralized Applications
The Potential of AI in Different Roles Ethereum co-founder Vitalik Buterin recently delved into the possibilities of incorporating artificial intelligence (AI) in various aspects of cryptocurrency. In a thought-provoking blog post published on Tuesday, Buterin examined how AI could function as an actor, an interface, the rules themselves, and even serve as an end objective. […]
-
Treasury Yields Retreat as Fed’s Rate Cut Chances Decrease
Market Focus on Treasury’s Refunding Statement The Treasury’s refunding statement, set to be released tomorrow, is anticipated to provide crucial details regarding coupon auction sizes. Jim Reid, a strategist at Deutsche Bank, commented that the market awaits these specifics with great interest. Fed’s Monetary Policy Meeting Takes Center Stage The pullback in benchmark borrowing costs […]
-
Enhanced Security Measures: Hong Kong Exchanges Exceed New Insurance Requirements
OSL Exchange Leads the Way OSL Exchange, a licensed virtual asset trading platform in Hong Kong, quickly adapted to the new requirement. Through a strategic partnership, OSL now offers insurance coverage for 95% of its users’ assets, exceeding the mandated 50% minimum. HashKey Exchange Ensures Comprehensive Protection HashKey Exchange, another licensed cryptocurrency exchange in Hong […]
-
European Securities and Markets Authority Prioritizes Crypto Firms in EU, Drafts Guidelines
Guidelines Seek Clarity for Crypto Asset Firms The European Securities and Markets Authority (ESMA) has issued draft guidelines that prioritize crypto firms within the European Union (EU) over those based outside the bloc. These guidelines, published on Monday in a consultation paper, aim to provide clarity under the Markets in Crypto Asset (MiCA) rules enacted […]
-
Red Sea Disruptions Drive Freight Costs Soaring, Inflation Impact Remains Muted
Goldman Sachs Discusses Impact on Inflation According to Goldman Sachs, while the spike in international shipping costs has raised concerns about inflation, the impact is expected to remain moderate. Inflation in the US has cooled down from its four-decade highs, but there are apprehensions that prices could tick higher due to attacks by Iran-linked militants. […]
-
Democratic Senators Push Fed Chief for Lower Interest Rates to Boost Affordable Housing
Democratic Senators Advocate for Lower Interest Rates Senator Elizabeth Warren of Massachusetts, along with three other Democratic lawmakers, is urging Federal Reserve Chairman Jerome Powell to lower interest rates at the upcoming Fed meeting to enhance housing affordability. In a letter addressed to Powell on Sunday, the senators highlighted the impact of interest rate decisions […]
-
South Korean Cryptocurrency Hack Targets $11.58M in SSX Tokens
Security Breaches and Stolen Tokens In an official statement released by Somesing, the platform confirmed that it had experienced a security breach, resulting in the theft of 730 million SSX tokens. The severity of the situation becomes apparent when considering that 504 million of the stolen tokens had not yet been circulated. These tokens were […]
-
Big Tech, Fed Meeting, and Jobs Report: A Pivotal Week for the Stock Market
A week to remember Three trends in the stock market are expected to propel equities higher in 2024, according to Wall Street strategists. Although we’re barely a month into the year, this week’s events could have a significant impact on the market’s direction for the remainder of the year. Investors will have plenty of data […]
-
Treasury Yields Decline as Markets Await Fed Decision and Middle East Tensions Escalate
Yield Movements The yield on the 2-year Treasury note BX:TMUBMUSD02Y, which closed the previous week at 4.365%, experienced a decline. The 10-year Treasury note BX:TMUBMUSD10Y saw its yield decrease to 4.104% from 4.159% at 3 p.m. The yield on the 30-year Treasury bond BX:TMUBMUSD30Y also declined, reaching 4.343% compared to the late Friday figure of […]
-
Cautionary CFTC: Beware AI Crypto Scams Promising High Profits
Understanding the Risks and Limitations The CFTC’s advisory not only underscores the need for investor caution but also sheds light on the risks and limitations associated with AI-powered trading bots. While these bots are designed to leverage artificial intelligence for making trading decisions, they are not infallible. It is important for investors to recognize that […]