Bitcoin remains stable near $29,000 as investors weigh interest rate increases, banking crisis, and regulatory uncertainty. Its resilience during economic turmoil showcases potential as a long-term investment and safe-haven asset amid market disruptions.
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Crackdown on AI Crypto Scams: Investors Beware of Buzzwords and False Endorsements
The Texas State Securities Board and state regulators issued cease-and-desist orders against Horatiu Charlie Caragaceanu, The Shark of Wall Street, and Hedge4.ai for promoting two fraudulent cryptocurrencies, TruthGPT Coin and Elon Musk AI Token. Amid increasing interest in AI technology, vigilant regulators and investors must identify and avoid such fraudulent schemes in the rapidly changing crypto landscape.
Bitcoin and Ethereum Range-Bound: Analyzing the Impact of Fed Rate Hikes and Market Uncertainty
Bitcoin’s price saw minimal change after the U.S. central bank’s interest rate hike, currently trading around $28,460. Despite high inflationary pressures, Fed Chair Jerome Powell did not signal further rate hikes. Crypto investors await clarity on inflation and the impact of recent bank failures and regulatory feuding on markets, influencing BTC and ETH’s range-bound behavior.
Nigeria’s SEC Flirts with Tokenized Assets: A Step Towards Crypto Acceptance or Just Teasing the Market?
Nigeria’s Securities and Exchange Commission (SEC) appears to be taking a step towards embracing the […]