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Last week, Bitcoin (BTC) concluded at approximately $37,350, posting an increase of 0.8% compared to the preceding week’s closing value of $37,000. It commenced with notable volatility, witnessing BTC’s price dropping to as low as $34,800 on Tuesday, followed by a robust recovery, nearly reaching $38,000 on Wednesday. Subsequently, BTC
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Strategists at UBS Investment Bank are forecasting massive interest rate cuts by the U.S. central bank, and this is seen as bullish for Bitcoin. The decreasing inflation, according to UBS, makes it possible for the U.S. central bank (Federal Reserve) to begin reducing interest rates as early as March. This
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Last week, Bitcoin (BTC) closed at around $37,000, up by 5.9% compared to the previous week’s closing value of $35,000. The week showcased robust price action, witnessing BTC’s fluctuations with consecutive daily price increases from Monday to Friday. The highest trading price was observed on Thursday, nearly reaching $38,000. Following
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The conviction of Sam Bankman-Fried, the founder of FTX, who was charged with seven counts of fraud and conspiracy, has now capitvated the interest of Hollywood. The verdict came after a trial that lasted just over a month in federal court in New York City. Bankman-Fried had cheated investors and
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Despite the potential negative impacts of AI, Musk also believes that AI would be a force for good and could even serve as a great friend and companion to users. During a recent AI Safety Summit in London, Elon Musk had a one-on-one discussion with UK Prime Minister Rishi Sunak about
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As investors and analysts await the official jobs report for October, the 2-year and 10-year Treasury yields moved in opposite directions. US Treasury yields came in varied on Friday as investors wait on the jobs report for October for an indication of the labor market and the effect of interest rates.
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The United Kingdom’s global summit on artificial intelligence safety, the AI Safety Summit, concluded on Nov. 2 with a one-on-one chat between U.K. Prime Minister Rishi Sunak and billionaire Elon Musk. Musk was one of the many big names to attend the summit, including heads of OpenAI, Meta, Google and its
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Injective, a Cosmos Layer-1 blockchain designed to power next-generation DeFi applications, has selected the Kava Chain’s Native USDT for their Perps trading. The Kava Chain is
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As Johnson takes the gavel, it frees up Rep. Patrick McHenry (R-N.C.) to return to the House Financial Services Committee he leads, where he can focus more attention on the two crypto bills that haven't yet received floor votes. However, more urgent priorities are likely to include the funding of
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Bitcoin (BTC) experienced a remarkable surge last night, briefly hitting $35,200. This surge can be attributed to several compelling factors. Among these factors are the eagerly
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