A popular crypto analyst, Inmortal, is predicting some big moves in the crypto market. They believe that Solana (SOL), a major Ethereum competitor, is likely to see a price drop before a significant rally. Solana’s Price Dip Predicted Inmortal, who boasts over 200,000 followers on X (formerly Twitter), suggests that SOL could fall further before…
A popular crypto trader, Kevin Svenson, is predicting a significant Bitcoin price increase. He’s basing his bullish outlook on a key technical indicator. The RSI Indicator Points Up Svenson, who boasts a large YouTube following, is focusing on the weekly Relative Strength Index (RSI). He considers this indicator a reliable predictor of Bitcoin price movements….
Bitcoin’s price has been a bit of a rollercoaster lately. Let’s break down what’s happening. February’s Wobbly Bitcoin February wasn’t kind to Bitcoin. It dipped about 8.6% over the month, leaving investors a little nervous. Last week alone saw a 2.24% drop. One crypto analysis group, More Crypto Online, offered some insights into what might…
Binance’s former CEO, Changpeng Zhao (CZ), recently declared that Bitcoin is inescapable, sparking a lively debate in the crypto world. This statement follows news of another US state joining the growing movement to establish its own Bitcoin reserve. States Embrace Bitcoin Reserves Several US states are pushing forward with legislation to create their own Strategic…
The SEC is dropping its lawsuit against Coinbase, marking a major win for the cryptocurrency exchange and the entire crypto industry. This decision signals a potential shift in the SEC’s approach to crypto regulation. The SEC Backs Down After a 20-month legal battle, the SEC’s staff has agreed to withdraw its case against Coinbase. Coinbase…
A former Bybit employee is heading to prison for almost a decade after a massive crypto scam. The Crime Ho Kai Xin, a payroll worker, was sentenced to nine years and eleven months for defrauding her employer, Bybit, a cryptocurrency exchange based in Seychelles. Her crimes included cheating, money laundering, and lying to authorities. Between…
Societe Generale, a major French bank, just launched a new euro-backed stablecoin called $EURCV on the Stellar network. This could seriously change how we do stablecoin transactions. Why is $EURCV a Big Deal? $EURCV offers several key advantages: Better Compliance: It’s designed to meet stricter regulations. Lower Costs: Transactions should be cheaper. Better Scalability: It…
Bitcoin’s price recently climbed above $99,000, but experts are raising concerns about how long this upward trend will last. One key indicator points to potential trouble. Open Interest: A Warning Sign? A recent analysis of Bitcoin’s “Open Interest” – the total number of open derivative contracts – reveals a significant spike coinciding with the price…
Three banking giants—JPMorgan Chase, Bank of America, and Wells Fargo—announced significant losses totaling $5.188 billion in the fourth quarter of the year. These losses represent loans deemed uncollectible after all attempts to recover the funds from customers failed. Credit Card Debt Drives Losses The majority of these losses stemmed from credit card debt. JPMorgan Chase…
A new cryptocurrency, Story, focused on intellectual property (IP) rights, has exploded in value. Meteoric Rise Launched on February 13th at $2.26, Story’s price has jumped a whopping 164% in just one week, reaching $5.98. This makes it the 71st largest cryptocurrency by market cap, with a particularly impressive 120% surge in the last 24…
