BlackRock’s Focus on Bitcoin and Ethereum BlackRock, the world’s largest asset manager, isn’t likely to be filing for spot ETFs for altcoins like Solana and XRP anytime soon. Their digital assets head, Robert Mitchnick, has stated that they see “very little interest” in crypto beyond Bitcoin and Ethereum. So, it looks like they’ll stick to…
Crypto Gets a Boost from a Powerful Politician Senator Tim Scott, a Republican from South Carolina, made a big splash at the Bitcoin 2024 conference. He’s a powerful figure in the Senate, and he’s pushing hard for the government to support the crypto industry. He even called out the SEC Chair, Gary Gensler, saying he’s…
Big banks are preparing for a potential wave of customer defaults as economic uncertainty grows. JPMorgan Chase, Bank of America, and Wells Fargo are all increasing their financial reserves to cover potential losses from credit card and loan defaults. JPMorgan Chase is leading the charge, increasing its reserves by a whopping $1.17 billion. The bank…
Crypto investor Chris Burniske thinks Ethereum (ETH) could see a sudden price jump this year. He says that traditional investors might suddenly realize how good Ethereum is and start buying it up, leading to a big rally. Ethereum’s Potential: Growth Asset with a Dividend? Burniske thinks Ethereum’s fundamentals are strong, comparing it to a “growth…
A massive data breach has affected over 7.6 million customers of Evolve Bank & Trust, exposing their personal information. The hack, carried out by the notorious Russian group LockBit, has also impacted several other financial companies that work with Evolve. What Data Was Stolen? The stolen data includes sensitive information like: Names Social Security numbers…
A popular crypto analyst is sounding the alarm for altcoin investors. Bitcoin Could Take a Dive The analyst, known as Credible Crypto, believes Bitcoin could drop by as much as 22% from its current price. If this happens, it could spell trouble for altcoins. “If Bitcoin starts to fall and hits $53,000, expect a big…
Solana (SOL) has been on a tear lately, and everyone’s talking about its potential. But will it actually reach new highs? A recent survey by CoinGecko suggests that most crypto investors are pretty cautious about Solana’s future. Most Investors Think $300 is the Limit The survey asked over 2,500 people about their price predictions for…
Two Hong Kong crypto influencers are now on the run after Interpol issued a Red Notice for their arrest. The influencers, known as “Coin Young Master” (Wong Ching Kit) and Mok Tsun Ting, are accused of theft, fraud, and money laundering. A History of Fraud These influencers have a history of shady dealings. Wong gained…
Kamala Harris, the Democratic presidential candidate, is rumored to be warming up to crypto. While she didn’t attend the Bitcoin 2024 conference, the fact that her team even considered it is a big deal. It suggests a potential shift in the Democratic Party’s stance on digital assets, which has been pretty chilly under Biden. A…
Terrorist Funding: Old School is Still Cool Even though cryptocurrencies are becoming more popular, terrorists are still sticking to the tried and true methods of funding their operations: cash. Singapore’s latest terrorism threat assessment report highlights this trend. While there’s been a slight increase in crypto use by terrorist groups since 2020, it’s still a…
