Binance, a leading cryptocurrency exchange, has announced plans to support a new Ethereum-based project called Ethena (ENA) through its Launchpool platform. Ethena: A Synthetic Dollar Solution Ethena aims to provide a crypto-based alternative to traditional banking systems by introducing a synthetic dollar called USDe. It also offers a dollar-denominated savings instrument known as the “Internet…
Cryptocurrencies are becoming a popular payment method for pirated online streaming content, according to a report by blockchain analysis firm Chainalysis. Tracking the Illicit Flow Chainalysis partnered with Nordic Content Protection (NCP) to track crypto addresses linked to illegal streaming. Between 2019 and 2023, these addresses received approximately $24 million in crypto. The surge accelerated…
Allegations of Predatory Lending A lawsuit filed against Wells Fargo alleges that the bank overcharged thousands of military members on credit card interest rates and fees for more than a decade. The lawsuit claims that Wells Fargo violated the Servicemembers Civil Relief Act (SCRA), which limits interest rates for active-duty service members to 6%. Concealment…
Bitcoin investors are buzzing with anticipation as the cryptocurrency hovers around $70,000. And it’s not just individual investors driving the surge. Shark Accumulation “Sharks,” or addresses holding 100-1,000 BTC, have been making waves. In the past 30 days, they’ve accumulated a whopping 268,441 BTC, equivalent to $18 billion. This is the biggest net position change…
CFTC Complaint On Tuesday, the US Commodity Futures Trading Commission (CFTC) and Department of Justice (DOJ) charged crypto exchange KuCoin and its founders with various violations, including illegally dealing in commodity futures. In the complaint, the CFTC referred to certain digital assets, including Bitcoin (BTC), Ether (ETH), and Litecoin (LTC), as commodities. SEC vs. CFTC…
Privacy Initiatives Worldcoin offers digital identity and cryptocurrency in exchange for iris scans. This unique approach aims to enhance privacy by avoiding traditional signup methods like name and address. Ethereum Founder’s Support Ethereum co-founder Vitalik Buterin praises Worldcoin’s efforts to address privacy concerns. He believes their “data-minimal” approach outperforms centralized authentication solutions. Regulatory Concerns Despite…
Rising Demand The Bitcoin market is buzzing with excitement as demand for the cryptocurrency skyrockets. In the past month, monthly demand has jumped from 40,000 to a staggering 213,000 Bitcoin. This surge is driven by the launch of Bitcoin ETFs and aggressive buying by wealthy investors. Shrinking Supply On the other hand, the total supply…
Bitcoin’s Trajectory Bullish Predictions: Samson Mow: $1 million Tom Dunleavy: $100,000 Tom Lee: $150,000 Bearish Predictions: JPMorgan: $42,000 Rekt Capital: Multi-month re-accumulation Altcoins to Watch Solana (SOL): Price surge due to meme coin frenzy Predictions of up to $750 Cardano (ADA): Historically lags but has potential for a bull run Predicted to reach $11 after…
A former JPMorgan Chase executive, Kevin Chiu, has been sentenced to 48 months in prison for stealing $2.4 million from bank clients. Unauthorized Transfers According to court documents, Chiu used his position to transfer funds out of client accounts without their knowledge or consent. He stole from at least six accounts belonging to five different…
A savvy trader has made a whopping 27,600% profit after investing in a memecoin built on Ethereum’s layer-2 scaling solution, Base. According to blockchain tracker Lookonchain, the trader bought $18,000 worth of Degen (DEGEN) in January and sold a portion of it for $5 million. Massive Ethereum Sale In a separate move, a large Ethereum…
