A New York-based bank has seen a massive exodus of deposits, totaling over $4 billion, as the Federal Reserve Chair warns of potential bank failures. Declining Deposits at New York Community Bank New York Community Bank’s (NYCB) latest earnings report reveals a sharp decline in deposits. From the start of the year to March 6th,…
Binance, the world’s largest cryptocurrency exchange, is reportedly separating itself from its investment arm, Binance Labs. Separate Company According to Bloomberg, Binance CEO Richard Teng has moved Binance Labs into a separate company since taking over from former co-founder Changpeng Zhao. Binance Labs’ website now states that it is an independent venture and not part…
The U.S. Federal Reserve (Fed) has listed a central bank digital currency (CBDC) as one of its “key duties” in a document presented to Congress. Congressman Tom Emmer Raises Concerns Republican Congressman Tom Emmer of Minnesota shared a document titled “Key Duties of the Fed – Payment Systems” that he received from Fed officials. He…
Google’s AI, Gemini, has given us some insights into what the future holds for Shiba Inu (SHIB). Potential Price Targets Gemini predicts three possible price targets for SHIB by the end of 2024: $0.0002: A massive surge, shedding one zero from its current price and representing a 410% increase. $0.0001: A rally of at least…
Analysts’ Confidence Soars Analysts at Bernstein, a private wealth management firm, have doubled down on their prediction that Bitcoin will reach $150,000 by 2025. Gautam Chhugani and Mahika Sapra believe the cryptocurrency has a high probability of hitting this milestone. Factors Driving the Surge Spot Bitcoin ETFs: The success and demand for Spot Bitcoin Exchange…
Crypto expert Scott Melker, known as the “Wolf of All Streets,” predicts that mainstream demand for crypto will return when Dogecoin (DOGE) reaches a new all-time high (ATH). Dogecoin’s Role in Attracting Newcomers Melker believes that the last bull market’s “mainstream fervor” was driven by meme coins like DOGE and NFTs. He notes that many…
The crypto industry in the US has sent a clear message to political candidates: back us, or risk losing at the polls. Industry Influence on Elections The industry has shown its financial muscle by contributing $10 million to efforts that helped defeat Democratic Representative Katie Porter in California’s Senate primary. This paved the way for…
Bybit’s Regulatory Challenges Hong Kong’s Securities and Futures Commission (SFC) has flagged Bybit as a “suspicious” crypto exchange. This move comes as Hong Kong tightens regulations on the crypto market. The SFC has identified 11 investment products offered by Bybit as potential risks for investors. Despite Bybit’s efforts to comply with local regulations, the SFC’s…
A renowned crypto analyst predicts that Bitcoin is approaching a market phase that has historically triggered significant price drops. The “Danger Zone” According to Rekt Capital, Bitcoin is just a week away from entering a “theoretical technical danger zone.” This period typically precedes a halving event, when miner rewards are reduced by half. The next…
Binance Coin (BNB) Crypto analyst Altcoin Sherpa believes Binance Coin (BNB) is set to break its all-time high. He predicts a pullback before a surge in the coming months. Aave (AAVE) Aave, a DeFi lending platform, is showing signs of a breakout from its trading range. Sherpa sees potential for further gains, but advises caution….
