The United States inflation rate has slowed down, with May recording a 4% rate–the lowest yearly figure since March 2021. The drop in inflation may prompt the U.S. Federal Reserve to avoid raising interest rates during its upcoming Wednesday conference, prompting market observers to closely monitor the situation. With the current economic situation in mind,…
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SAND, the native token that powers The Sandbox’s decentralized crypto, non-fungible token (NFT) and blockchain-powered metaverse, took an absolute beating last week. When it hit fresh lows for the year just above $0.33 per token, the crypto token had lost a stunning nearly 50% of its value in less than seven days. Ultimately, SAND ended…
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Investors are asking whether it might be too late to buy Solana (SOL) in wake of its 14% bounce from weekend lows. Did investors miss their opportunity to buy the SOL dip? Solana, the cryptocurrency that powers the high-performance, smart-contract-enabled Solana layer-1 blockchain, saw a cascade of sell pressure that week in wake of the…
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The regulation of the financial markets in the United States could undergo a significant shift in the coming days as Republican congressmen propose a radical alteration of the Securities and Exchange Commission’s (SEC) governance structure through the “SEC Stabilization Act.”… Read More: Best Crypto to Buy Now 12 June – Polygon, Aptos, ApeCoin Read more…
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The cryptocurrency industry is in turmoil, with Coinbase and Binance experiencing a massive outflow of over $4 billion in recent days. This is due to the allegations by the SEC of federal securities law violations, leading to a significant number of users leaving these exchanges. Given these circumstances, how might this impact the selection of…
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The U.S. House Financial Services Committee will hold a hearing on June 13 on the topic of cryptocurrencies, potentially giving more clarity to the markets. The committee oversees matters like the Federal Reserve Board, the US Treasury, and currency. How might this affect the cryptocurrency market and the selection of the best cryptos to buy…
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Coinbase, one of the leading cryptocurrency exchanges globally, faces a lawsuit from US regulators, hot on the heels of similar legal action against Binance, another industry heavyweight. The Securities and Exchange Commission (SEC) accused Coinbase of operating illegally without prior registration, a mandatory requirement for securities trading firms in the US. Considering this recent macroeconomic…
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SOL, the cryptocurrency that powers the smart-contract-enabled, high-performance Solana layer-1 blockchain protocol, has just been deemed as a security by the US Securities and Exchange Commission (SEC). In the past two days, the SEC has sued both Binance and Coinbase, two of the world’s largest cryptocurrency exchanges in terms of trading volumes, for operating as…
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Artificial intelligence (AI) has taken a giant leap forward in the last six months. OpenAI stunned the world with the release of its generative AI chatbot ChatGPT last November. ChatGPT quickly became the fastest platform in the world to reach 100 million users, with users shocked at the AI-powered bot’s ability to process information, problem-solve and…
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Conservative Republicans are opposing the bipartisan agreement to raise the U.S. debt ceiling, which could result in a U.S. default if it doesn’t pass its first test in Congress. Both President Joe Biden, a Democrat, and the leading Republican figure in Congress, House Speaker Kevin McCarthy, anticipate the requisite votes to enact the bill before…
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