Goldman Sachs, a leader in global investment banking and securities solutions, predicts that the U.S. Federal Reserve (Fed) may begin reducing interest rates by the third quarter (Q3) of 2024. This forecast hinges on forthcoming inflation and job market data, signaling a potential shift from the Fed’s recent cautious stance on rate hikes. Fed’s Rate Reduction Timeline: While the exact […]

El Salvador’s long-anticipated Bitcoin bonds, also known as “Volcano Bonds” have received the regulatory nod, and are expected to launch early 2024. The Volcano Bond was approved by El Salvador’s Digital Assets Commission and is anticipated to launch during the first quarter of 2024, according to a Dec. 11 statement from The National Bitcoin Office (ONBTC) of El Salvador. The […]

Goldman Sachs, the second-largest investment bank in the world, has predicted that the United States Federal Reserve could cut interest rates twice in the next two years, starting as early as the third quarter of 2024.  Interest rates have a strong correlation to investors’ risk appetite. Goldman Sachs predicted the first Fed rate cut by December 2024, but this forecast […]

The Bitcoin (BTC) price recorded a sharp correction on Dec. 11, dipping 7% and wiping out the gains of the past seven days. The strong price correction pushed BTC to a four-month low of $41,329. A decline in prices of altcoins followed the Bitcoin price correction, many of which recorded double-digit drops. However, market pundits and analysts believe the recent price crash is […]

A “hands-on” tech demo of Google’s new artificial intelligence model Gemini has gone from being the talk of the town to being accused by critics of being “basically entirely fake.” The six-minute video, which garnered 2.1 million views on YouTube since its release on Dec. 7, shows it seamlessly interacting with a human operator in seemingly real-time, including analyzing a […]

In the latest Cardano weekly development report released on 8 December 2023, IOG shared a comprehensive overview of its recent advancements and ongoing projects, reflecting a robust and dynamic growth trajectory. The report encapsulates both key highlights and cumulative statistics to date, illustrating the significant strides made by the blockchain platform. The development team successfully implemented the initial version of […]

On November 20, the cryptocurrency exchange Bittrex Global, based in Liechtenstein, abruptly announced that it would cease all its operations worldwide starting Monday, December 4, 2023. According to the statement posted on its website, Bittrex Global will halt all trading activities on its platform and will only allow fund withdrawals after December 4, urging users to withdraw their funds in […]

Blockchain security firm Cyvers detected a movement of $50 million in HXA tokens, the native utility token of the Herencia Artifex NFT project, linked to the KyberSwap exploiter.  The KyberSwap exploiter’s address got these tokens from an Ethereum address using the “transfer from function.” Decentralized application (DApp) users commonly use the “transfer from” function. It refers to a mechanism by […]

The United States government has eliminated two provisions from the National Defense Authorization Act (NDAA) that were designed to address anti-money laundering (AML) concerns involving cryptocurrency. The NDAA is a legislation that authorizes how the country’s defense department can use federal funding. Among the extensive list of provisions removed from the NDAA, two specifically outlined a thorough review system and […]