Market expert Tom Lee believes that financial markets are placing their bets on a Donald Trump victory in the upcoming election. Lee, a well-known analyst from Fundstrat, says that the markets are seeing a higher chance of Trump winning than what traditional polls are showing. Lee explains that if the markets become more convinced of…
Anthony Scaramucci, founder of SkyBridge Capital, doesn’t think Bitcoin is a reliable store of value right now. He sees it as a technology still in its early stages. Bitcoin’s Future Potential While Scaramucci doesn’t see Bitcoin as a store of value today, he believes it could become one in the future, especially if it gains…
A British bank, Starling Bank, has apologized to a customer after wrongly accusing him of being involved in a scam and freezing his account. A Kafkaesque Experience Professor John MacInnes was trying to send $16,789 to a friend in Austria, someone he’s known for over 20 years. Starling immediately flagged the transfer as “suspicious” and…
The U.S. Department of Justice (DOJ) has recovered almost $5 million in stolen cryptocurrency, thanks in part to the help of stablecoin issuer Tether. This money was taken from victims of a common crypto investment scam known as “pig butchering.” How the Scam Works These scams target people romantically, building trust before leading them into…
Vitalik Buterin, the co-founder of Ethereum, has raised some serious concerns about the future of technology and its impact on our freedoms. He’s worried about a few key issues that could have a big impact on the crypto community and everyone else. The Attack on Privacy Buterin is really concerned about the increasing attacks on…
Telegram founder and CEO, Pavel Durov, was recently detained in France. The arrest came after French authorities issued a search warrant alleging violations of the encrypted messaging platform. What’s the Deal? French authorities are investigating Telegram for a range of alleged crimes, including fraud, drug trafficking, cyberbullying, and organized crime. They’re concerned about the platform’s…
Last week, the crypto market saw a big jump, making many short-term investors happy. Bitcoin led the way, going above $64,000. But things have calmed down since then. Bitcoin’s Dominance Continues While other cryptocurrencies like TRON, Avalanche, and Chainlink saw gains of 20% to 30% in just a week, Bitcoin still holds the most power…
The Ethereum Foundation, a big player in the Ethereum world, recently sent a whopping 35,000 ETH (worth about $94 million) to the crypto exchange Kraken. This move has some people worried, especially since it happened during a slight uptick in the crypto market. What’s the Deal with the Transfer? The Ethereum Foundation manages a huge…
A bunch of big-name Wall Street firms are facing a hefty fine for messing up their record-keeping. The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are slapping these firms with a collective $470 million fine. What Went Wrong? The firms admitted to using “off-channel” communication, like private emails and…
Arkham, a company that specializes in uncovering the identities behind anonymous crypto wallets, is offering a hefty reward to anyone who can expose the people behind a fraudulent memecoin project. The memecoin in question, Restore the Republic (RTR), was themed around former President Donald Trump and saw a meteoric rise in price before crashing dramatically….
