Bitcoin saw a slight increase in response to the ECB's rate cut. The ECB reduced rates to moderate monetary policy restriction, addressing inflation but not growth stagnation. The rate cut aims to lower borrowing costs in the euro area.
Xu LinThe European Central Bank (ECB) is expected to cut its interest rate by 0.25% to 4.25% on June 6. This rate cut could boost investor interest in risk assets like Bitcoin. Bitfinex's derivatives head, Jag Kooner, told Cointelegraph: "The ECB is expected to cut rates next week to stimulate economic growth. Lower rates typically weaken the euro and increase liquidity, which can boost risk assets, including Bitcoin."
AlexAfter the crackdown on the OneCoin scam, the former in-house legal counsel, Irina Dilkinska, has been sentenced to four years in jail.
KikyoBitcoin has failed to live up to its promise of becoming a global decentralized digital currency and remains difficult to use for legal transfers. The approval of the ETF does not change the fact that Bitcoin is not suitable as a means of payment or investment.
JinseFinanceNigeria cracks down on crypto exchanges amid manipulation concerns, impacting Binance globally.
Huang BoSBF now explores an unexpected economy in Brooklyn's Metropolitan Detention Center. Cooling his heels while awaiting sentencing, he delves into the world of prison economics, where mackerel replaces cigarettes as the preferred currency. SBF's unique adaptation involves trading pouches of preserved fish, known as 'macks,' for services within the confines of the detention centre.
JoyBraden John Karony, the CEO of SafeMoon, has been detained in Provo, Utah, marking a significant development in the ongoing legal case against him.
AaronSpoiler alert: it hasn’t yet been determined whether he did anything criminal.
Ex-FTX CEO Sam Bankman-Fried is still in the spotlight—but not for the right reasons.
decryptMartin Shkreli, the so-called "Pharma Bro" who gained notoriety for jacking up the price of the life-saving medicine Daraprim by more ...
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