Goldman Sachs, the second-largest investment bank in the world, has predicted that the United States Federal Reserve could cut interest rates twice in the next two years, starting as early as the third quarter of 2024. Interest rates have a strong correlation to investors’ risk appetite. Goldman Sachs predicted the first Fed rate cut by…

Nonfungible token (NFT) platform Enjin recently migrated over 200 million NFTs from Ethereum and a sidechain to its own Enjin Blockchain. In an announcement received by Cointelegraph, Enjin noted that over 118 million NFTs hosted on Ethereum, along with over 101 million NFTs hosted in an Ethereum sidechain called JumpNet, have been transferred to its…

Bitcoin price is down 5% over the last 24 hours to trade at $41,645 on Dec. 11. Despite the sharp price correction, technical indicators and on-chain data show that Bitcoin still displays strength as bulls strive to push the price back above $44,000. On-chain data shows Bitcoin price “over-extended” Bitcoin dropped as much as 7.2%, falling…

What is block size, and why is it important? Block size is important for maximizing storage efficiency and transaction throughput in file systems and blockchain contexts.  The amount of data processed or transferred in a single block within a computer system or storage device is referred to as the block size. It represents the basic…

Crypto investors have been moving their assets away from crypto exchange HTX (formerly known as Huobi) following a Nov. 22 exploit that saw the exchange pause its services and lose a total of $30 million. Between Nov. 25 — the day that HTX resumed its services — and Dec. 10, the exchange witnessed some $258 million in…

The price of Bitcoin briefly fell below $41,000 on Dec. 11 at 2:15 am UTC, following a sudden 6.5% drawdown from $43,357 to as low as $40,659 in a span of 20 minutes. At the time of publication, Bitcoin was trading slightly up from the local low at $41,960 per TradingView data. Ether, the second-largest cryptocurrency by…