A major US bank is facing a lawsuit for allegedly stealing millions from its customers. The lawsuit claims the bank engaged in shady practices that worsened a financial crisis affecting thousands of people. The Allegations Yotta Technologies, a financial tech company, is suing Evolve Bank & Trust, accusing them of fraud, conspiracy, and negligence. Yotta…
Bank of America predicts that Generation Z (born roughly 1997-2012) is poised to become the wealthiest generation in history by 2035. Their projected wealth increase is nothing short of staggering. A $74 Trillion Future? According to Bank of America Global Research, Gen Z’s wealth is expected to explode by a massive 720% between 2023 and…
Former President Donald Trump has reportedly pardoned the three co-founders of the cryptocurrency exchange BitMEX. This includes well-known crypto investor Arthur Hayes. BitMEX Founders Cleared The CNBC report states that Trump pardoned Hayes, Benjamin Delo, and Samuel Reed. This comes nearly three years after they pleaded guilty to violating the Bank Secrecy Act. Their crime?…
Bitcoin’s been on a wild ride lately, hitting record highs and then crashing back down. Now, it’s approaching a crucial point: the CME gap close, which analysts predict could send it towards $83,000. But what happens next? The CME Gap Close Explained The CME (Chicago Mercantile Exchange) gap close is a thing in the Bitcoin…
Gemini, the crypto exchange run by the Winklevoss twins, is boosting its XRP cashback program. This means you can earn XRP cryptocurrency just by using their credit card! How the Gemini XRP Cashback Works Tyler Winklevoss recently reminded everyone on X (formerly Twitter) about this awesome perk. The Gemini credit card (available in the US…
Bitcoin’s price is falling, and it’s looking pretty bearish. After failing to hold onto its recent gains, Bitcoin has broken through some important support levels. This could mean a significant price drop towards $73,919. Whether this is just a temporary setback or the beginning of a much larger decline remains to be seen. Bearish Signals…
Ethereum’s price has been a rollercoaster lately. After briefly hitting $2,000, it dipped again following recent US inflation news. This shows Ethereum’s struggles, underperforming even during a broader market upswing. But a key indicator suggests a potential turnaround. A Key Indicator Points to a Possible Bottom A market expert, Tony Severino, noticed something interesting: Ethereum’s…
Trump’s recent actions have sparked debate within the crypto community. He pardoned the three co-founders of the cryptocurrency exchange BitMEX, along with another executive, wiping away their convictions and penalties. The BitMEX Case: A Quick Recap In 2020, the Department of Justice (DOJ) accused BitMEX of breaking the Bank Secrecy Act. They argued that BitMEX…
Ethereum’s recent attempt to climb back up to $2,160 failed, leaving many bullish investors disappointed. The price hit a wall of resistance and couldn’t break through. Bearish Signals Dominate This failed breakout is a strong sign that the bears are still in charge. Several key indicators point to a bearish trend: Weak Volume: The recovery…
A massive scam is targeting iPhone and Android users across the US, leading to significant bank account losses. The FBI’s Internet Crime Complaint Center (IC3) has received over 2,000 reports in the past year alone. How the Scam Works The scam uses “smishing,” a combination of SMS messaging and phishing. Victims receive fake text messages…
