Author name: Peter

Bitwise Unveils 10 Crypto Predictions for 2024: Bitcoin to Reach New All-Time High

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Prediction 1: Bitcoin Trading Above $80,000 Crypto asset manager Bitwise has made 10 predictions for the crypto market in 2024. The first prediction states that Bitcoin will trade above $80,000, setting a new all-time high. Bitwise believes that two major factors will contribute to this price surge. The anticipated launch of a spot Bitcoin ETF […]

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Ledger Library Exploit Alert: Users Warned Against Interacting With Dapp Front Ends Amid Wallet Drainer Risk

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Ledger Library Breach: Experts Advise Halting Dapp Usage to Dodge Wallet Drainer According to multiple reports, there has been an alleged exploit in the Ledger Connectkit Library, prompting a warning for users to avoid interacting with decentralized application (dapp) front ends. It has been revealed that the library, which supports various dapps, now contains a

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U.S. Inflation Rate Holds Steady: Minor CPI Rise Amid Falling Energy Costs

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Overview of November's CPI Data In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, recorded a modest increase of 0.1%. This consistent annual rise of 3.1% reflects subtle economic shifts, with energy costs experiencing a significant decline while expenses for housing and food continue to gradually rise. Falling Energy Prices Play

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Federal Reserve Holds Interest Rates as Market Reacts Positively

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Financial Benchmarks Display Bullish Trend After FOMC Announcement The most recent session of the Federal Open Market Committee (FOMC) concluded with the Federal Reserve maintaining current interest rates. The market, anticipating rate reductions in 2024 and influenced by Fed Chair Jerome Powell's dovish stance, responded positively. This positive sentiment was evident in the surge of

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Anthony Scaramucci Predicts Multi-Trillion-Dollar Future for Bitcoin, Urges Elizabeth Warren to Learn About Crypto

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Skybridge Capital Founder Sees Bitcoin as a Multi-Trillion-Dollar Asset During an interview with Bloomberg, Anthony Scaramucci, the founder of Skybridge Capital, discussed various topics, including the future of bitcoin and the potential impact of the U.S. Securities and Exchange Commission (SEC) on the cryptocurrency market. Despite the SEC's decision on the spot bitcoin exchange-traded fund

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Saudi Aramco Partners With SBI Holdings to Potentially Invest in Digital Assets

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Saudi Aramco Explores Collaboration for Investing in Digital Assets Saudi Aramco, the largest oil and gas company by market cap, has partnered with SBI Holdings, a financial services group in Japan, to explore a potential collaboration for investing in digital assets. With a market capitalization of over $2 trillion, Saudi Aramco is considering venturing into

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Bitcoin Technical Analysis: Indicators Suggest Consolidation Phase

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Analyzing Bitcoin's Market Stance As of December 13, 2023, the price of bitcoin stands at $41,197, showcasing a dynamic interplay between various technical indicators. Over the past 24 hours, bitcoin's trading journey has oscillated between $40,712 and $41,957, highlighting a state of cautious optimism among traders. Oscillators and Their Significance Bitcoin's oscillators, including the relative

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IMF Official Warns of Cold War II: Implications for the Global Economy

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Introduction The first deputy managing director of the International Monetary Fund (IMF), Gita Gopinath, recently issued a warning about the potential risks of a new Cold War. Drawing parallels between the previous Cold War between the United States and the Soviet Union and the current tensions between the United States and China, she emphasized the

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