Bitcoin price struggles as investors expect Fed interest rate cuts — Why?

Bitcoin (BTC) staged a brief but promising return to $17,500 overnight on Jan. 11 as newfound strength lingered.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBitcoin fails to win over skeptical tradersData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local highs of $17,504 on Bitstamp.Almost tying with the peak from Dec. 16, the pair…

DeFi protocol Yearn has taken Pickle onboard to create new vaults and strategies. 1566 Total views 9 Total shares Decentralized finance protocol Yearn has announced a partnership with Pickle Finance to bolster yield farming incentives, and compensate victims of the recent Pickle exploit that resulted in the loss of almost $20 million in Dai.According to…

The top collectible recently sold for 6 ETH on OpenSea. 296 Total views 33 Total shares According to a new analysis posted by Reddit user u/Warfared, Reddit Avatar nonfungible tokens, or NFTs, have seen erratic price performance in the past months. The analysis tracked the exchange of NFTs on the popular NFT trading platform OpenSea.io. Among…

As artificial intelligence (AI) continues to permeate various sectors worldwide, the music industry has been receptive to its transformative capabilities while remaining cautious about the risks to artists. In a recent survey released by the private music studio house Pirate, 53% of respondents said they have “concerns about how their audience might perceive music created with the

The Central Bank of Russia (CBR) published a new set of rules for suspicious transactions, Russian finance publication RBC reported on Feb. 17. The update broadly categorizes any cryptocurrency-linked transaction as a potential money laundering risk.The bank issued an update to directive 375-P, which lists all signs of suspicious activity that may be linked to…

The proposal restricts Sam Bankman-Fried communication to a flip phone or other non-smartphone device with no internet access. 717 Total views 35 Total shares Own this piece of history Collect this article as an NFTThe United States Department of Justice has proposed new bail conditions for former FTX CEO Sam Bankman-Fried (SBF), a court filing…

Samsung SDS, the IT subsidiary of international technology giant Samsung Group, has released a new version of its enterprise blockchain platform dubbed Nexledger Universal, according to a press release on April 24.Nexledger Universal offers an application programing interface that can be applied to different blockchains like Ethereum, Hyperledger Fabric and the firm’s own Nexledger Consensus…