Restaking is a new trend in decentralized finance (DeFi) that’s gaining a lot of attention. It’s essentially a way to earn extra rewards on top of your regular crypto staking. What is Restaking? Imagine you’re already staking your crypto, like Ethereum (ETH), to help secure the network and earn rewards. Restaking takes this a step…
Bank Blunder Leaves Customer Stranded A Wells Fargo customer in Sacramento, California, found himself in a financial bind after the bank mistakenly withdrew $4,000 from his account. The customer, Gerald Monroe Mann, had written a check for $400, but Wells Fargo accidentally added an extra zero when processing it. A $400 Check Turns into a…
MultiversX, a blockchain network formerly known as Elrond, is leading the pack in crypto gaming development, according to analytics firm Santiment. More Development, More Trust? Santiment tracked GitHub activity over the past month and found MultiversX had a whopping 228.73 “notable” events. That’s more than Decentraland (MANA), a virtual reality platform on Ethereum, and Wrapped…
Former FTX executive Ryan Salame has withdrawn his claims that the US government broke its word about not prosecuting his partner, Michelle Bond. However, a judge has scheduled a hearing anyway to investigate the situation. The Backstory: Salame, the former co-CEO of FTX Digital Markets, pleaded guilty last year to charges related to illegal campaign…
Dogecoin has a history of going on wild rides during bull markets. It’s a favorite among investors, and many believe it’s about to do it again. A Familiar Pattern Crypto analyst Dima James Potts has noticed a recurring pattern in Dogecoin’s price chart. He’s looking at how the coin performed in the 2017 and 2021…
Ethereum has been a bit of a disappointment this year. While everyone expected it to soar alongside Bitcoin, it’s been stuck in the mud, failing to even reach $4,000. And it looks like things might get worse before they get better. Summertime Blues for Ethereum Historically, the third quarter (July, August, September) has been a…
Several major US banks are facing lawsuits for allegedly ripping off customers with sneaky tactics. The Big Bank Scam The accusations center around a practice called “cash sweep programs.” These programs quietly move customers’ idle money into accounts with almost no interest, allowing the banks to rake in huge profits. JPMorgan in the Hot Seat…
A well-known economist thinks the upcoming US presidential election could have a big impact on the crypto market. Trump or Harris? Different Crypto Winners? Alex Krüger believes that altcoins, like Solana, could do well if Donald Trump wins. But if Kamala Harris takes the presidency, he thinks Bitcoin will be the top performer. Krüger says,…
Investors are betting big on the Federal Reserve cutting interest rates soon, and they’re putting their money where their mouth is. Last week, a whopping $17.69 billion was poured into global bond funds, with a huge chunk of that, $9.58 billion, going into US bond funds. This is the highest amount in six weeks. US…
Crypto analyst Jason Pizzino is predicting a surge in altcoin prices in the fourth quarter of this year. He believes this “altcoin bounce” could happen after the US presidential election on November 5th. Tether Dominance: A Key Indicator Pizzino points to the declining market share of Tether (USDT), a stablecoin pegged to the US dollar….
