The US government has paid a staggering $514 billion in interest on its national debt in just seven months, according to a report by the Committee for a Responsible Federal Budget (CRFB). Exceeding Defense and Medicare This massive interest payment surpasses the combined spending on national defense and Medicare. It also exceeds the total amount…
Account Locked Without Explanation A 92-year-old man named Frank Pfluger faced an eight-month ordeal after Wells Fargo abruptly froze his bank account following the loss of his wife. Frank attempted to withdraw funds from the joint account but was met with an “Insufficient Funds” message. Legal Confusion Frank questioned the bank’s actions, as joint accounts…
A popular crypto trader believes that a rising memecoin called Pepe (PEPE) is poised for a massive surge, potentially dethroning Shiba Inu (SHIB) as the 13th-largest cryptocurrency by market capitalization. Pepe’s Rapid Rise Last week, analyst Hsaka predicted that PEPE would soar in value. Since then, the Ethereum-based memecoin has rallied by an impressive 71%….
New data reveals that hedge funds are betting against Bitcoin (BTC) and Ethereum (ETH) on the Chicago Mercantile Exchange (CME). Not Necessarily Bearish However, this doesn’t mean they’re pessimistic about crypto. Instead, they’re likely engaging in a strategy called “basis trading.” Basis Trading Explained Basis trading involves exploiting price differences between two similar assets, in…
A renowned trader, Bluntz, predicts a significant surge in Ethereum (ETH) compared to Bitcoin (BTC). He also identifies a memecoin, Pepe (PEPE), as a potential breakout candidate. Ethereum’s Bullish Divergence Bluntz analyzed the ETH/BTC chart and observed a bullish divergence forming. This pattern suggests that ETH is poised to outperform BTC. The trader predicts a…
Analyst TechDev believes the altcoin market is on the verge of a significant surge, similar to the rallies witnessed in 2016 and 2021. Bullish Patterns Emerge TechDev has been tracking the OTHERS chart, which excludes the top 10 digital assets and stablecoins. He notes that OTHERS has formed a “textbook” bullish pattern, breaking out from…
Crypto analyst Credible believes Bitcoin (BTC) is on the cusp of a breakout rally that could push it to new all-time highs. Elliott Wave Theory Analysis Credible uses Elliott Wave theory, which suggests that bullish assets often experience five-wave rallies. He believes Bitcoin has just completed the first wave, which saw it rise from $60,000…
Whale Appetite Returns Bitcoin whales, individuals or organizations with massive Bitcoin holdings, have been buying up BTC in recent days. This surge in buying activity suggests that whales believe current prices are attractive. Indicators of Whale Activity Two key indicators track whale activity: Total whale holdings: The total amount of BTC held by whale addresses….
Former President Donald Trump made a surprise appearance at the Libertarian Party convention, where he called for the release of Ross Ulbricht, the founder of the Silk Road online marketplace. Trump’s Pro-Cryptocurrency Stance Trump emphasized his support for cryptocurrency companies and the potential for the US to lead in the field. He promised to appoint…
Distinguishing Bitcoin from Other Cryptocurrencies Samson Mow, a prominent Bitcoin advocate, warns that politicians’ recent embrace of cryptocurrencies could be problematic if they fail to differentiate between Bitcoin and other digital assets. Bitcoin, with its decentralized and censorship-resistant nature, stands apart from many other crypto projects. Need for Bitcoin-Specific Regulations Mow emphasizes the need for…
