Day: September 18, 2024

CME Traders Bet Big Against Bitcoin As US Fed Rate Cut Looms

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Traders on the Chicago Mercantile Exchange (CME) have been increasing their short positions on Bitcoin futures ahead of the US Federal Reserve’s interest rate decision, according to K33 analyst David Zimmerman. This move indicates a cautious approach in the market, as the Federal Open Market Committee (FOMC) is expected to announce its latest interest rate decision later today by 2 pm ET The Looming Rate Cut And The Beforemath So far, current market sentiment points towards a 50 basis-point rate cut, a significant change from the usual monetary policy. This…

Why Everyone Should Profit From the AI Boom

Fair AI is the amalgamation of technologies and economic incentives that, together, ensures AI evolves in a way that is beneficial to everyone who enables or uses it. There are some core principles to Fair AI — ownership, permission, and fair compensation. Specifically, fair compensation for the contribution of data, compute, and content to datasets. Consider this example — a user could give permission to contribute their data from their social profile – say, Twitter/X. This is not dissimilar from the process that happens when you give certain applications access…

Cencora paid $75m in Bitcoin ransomware: Bloomberg

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Cencora, a healthcare solutions provider, paid a total of $75 million to a ransomware group earlier this year, according to Bloomberg. The publicly traded drug distributor, formerly known as AmerisourceBergen, reportedly sent Bitcoin (BTC) worth $75 million to cyberattackers following a data breach in February. In the Sept. 18 report, which cited sources familiar with the matter, Bloomberg stated that Cencora sent the hackers BTC in three transactions. The attackers had initially demanded $150 million from the pharmaceutical solutions provider. Blockchain sleuth unearths more details While the Bloomberg article did…

How Companies Can Prepare the Workforce for the Blockchain-Driven Future

In the late 1990s and early 2000s, companies began moving away from outdated operational technology and embracing the benefits of the World Wide Web and email en masse. Transitioning from fax to email and filing cabinets to cloud storage, those who lived through this technological revolution can remember the arduous onboarding and clunky changeover. Over recent years, employees across all industries have been keeping up with the rapid changes taking place, such as incorporating instant messaging, generative AI, time tracking, multi-factor authentication — the list is endless. But we are…

Layer-2 Meme Coin Pepe Unchained Hits $13.5M in Presale, Analyst Says it’s the Next Crypto to Explode

Pepe Unchained (PEPU) has quickly become the crypto community’s latest focus, with its presale passing the $13.5 million mark. This meme-themed Layer-2 coin combines Pepe branding with advanced blockchain tech. And one expert believes it could be primed to explode when it launches later this year. PEPU Presale Passes $13.5M Ahead of Planned DEX Listings […] Source CryptoX Portal

Here’s What’s Driving The FTM Price Recovery

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Este artículo también está disponible en español. Fantom (FTM) is enjoying much bullish momentum at the moment, and the odds of the coin rising to as high as $2 has increased. The FTM price recovery is thanks to Fantom’s fundamentals, which have sparked a positive sentiment among investors.  What Is Driving The FTM Price Recovery Fantom’s price recovery is mainly driven by its bullish fundamentals, especially the imminent launch of the Sonic network. In a recent blog post, Sonic Labs announced that Sonic’s launch is scheduled for November/December 2024. Investors…