Venture capitalist and crypto investor Chris Burniske says that a downward correction is the most likely scenario for digital assets in the next market phase. Market Conditions After a relatively long uptrend, crypto markets are probably due for a correction. Burniske says on social media that the macro situation is in a precarious spot. Positive…
Robert Kiyosaki, the bestselling author of “Rich Dad Poor Dad,” is issuing a dire warning, saying that a collapse in the stock and bond markets is close at hand. Stock Market Rally Driven by Government Dollars Kiyosaki says the stock market rally is driven by dollars coming from the US government. He specifically mentions the…
Customer’s Ordeal Jeffrey Temmer, a customer at Wells Fargo, was shocked to find that $4,000 in cash had vanished from his safe deposit box. The incident came to light when Temmer tried to withdraw money for Christmas shopping. He was dismayed to discover that the box was empty. Temmer, who had been a loyal customer…
A Solana-based altcoin, Pyth Network (PYTH), saw a significant surge in value this week, rising over 42% amid news of its addition to Binance’s spot trading platform. Pyth Network: Providing Real-Time Data to Smart Contracts Pyth Network is an oracle network that aims to provide real-time financial data to smart contracts and decentralized applications (DApps)…
Overview City National Bank, a Los Angeles-based lender, will pay a $65 million fine for violating the Bank Secrecy Act and engaging in unsafe practices. The Office of the Comptroller of the Currency (OCC) issued a cease-and-desist order requiring the bank to address systemic deficiencies. The bank has agreed to pay the fine and take…
Victoria VR (VR), a blockchain-based virtual reality metaverse, made headlines on Friday with a 24% surge in its token value. The project teased an upcoming app release on the new Apple Vision Pro headset, capturing the attention of investors. Victoria VR: A Virtual Reality Metaverse Victoria VR is a massively multiplayer online role-playing game (MMORPG)…
Lax Security Measures and Deceptive Practices Alleged New York Attorney General Letitia James has filed a lawsuit against Citibank, accusing the banking giant of failing to protect its customers from fraud, deceiving them about their rights, and refusing to reimburse fraud victims as required by law. Weak Digital Defenses The lawsuit alleges that Citibank’s digital…
Crypto analyst Justin Bennett warns that Bitcoin (BTC) may experience further price declines based on the Tether dominance chart (USDT.D). He believes the market bottom for BTC may not have been reached yet. Tether Dominance Chart Traders often monitor the USDT.D chart to assess the proportion of the crypto market cap held in the stablecoin…
Coinbase analysts believe that the crypto market may be heading towards a more favorable trading environment as downside pressures ease. Market Improvement Signs Liquidations from bankrupt crypto exchange FTX and financial troubles of crypto lender Celsius are clearing up. Net inflows into US spot Bitcoin ETFs have averaged over $200 million daily in the past…
Total Value Locked (TVL) Increases by 7% Crypto intelligence platform DappRadar reported a 7% increase in the total value locked (TVL) in the decentralized finance (DeFi) sector in January, reaching $110 billion. This marks the highest TVL since 2022. TVL represents the amount of capital deposited within a protocol’s smart contracts and is often used…
