California’s Department of Financial Protection and Innovation (DFPI) shut down 26 websites running cryptocurrency scams, uncovering losses of $4.6 million for consumers. Fighting Crypto Fraud This action is part of a larger effort to fight the rise of crypto fraud in the state. The DFPI used its “Crypto Scam Tracker,” which relies on consumer complaints,…
Spain’s second-largest bank, BBVA, is getting into the cryptocurrency game. They’ve received the green light from Spain’s securities regulator to let customers buy, sell, and manage Bitcoin (BTC) and Ethereum (ETH). Crypto Trading on the Banking App This new service will be rolled out gradually through the bank’s existing app. Initially, a small group of…
Raoul Pal, a former Goldman Sachs exec and CEO of Real Vision, is predicting a big boost for Bitcoin and other cryptocurrencies. He believes a surge in global money supply will send prices soaring. Money Supply and Bitcoin: A Historical Pattern? Pal, who boasts over 1 million followers on X (formerly Twitter), points to a…
Bitcoin’s been king of the crypto hill lately, even with prices bouncing around. But one analyst, Seth, thinks Bitcoin needs to loosen its grip for the next big bull run to happen. Bitcoin’s Dominance: Too Much of a Good Thing? Seth’s looking at Bitcoin’s dominance, specifically its Relative Strength Index (RSI). Think of RSI as…
Ethereum (ETH) prices took a dive recently, dropping below $1800. This caused some panic, especially after a report suggested the Ethereum Foundation (EF) might be facing a huge liquidation risk. The Lookonchain Report and the Initial Panic An on-chain analytics service, Lookonchain, noticed a large transaction: a wallet deposited a massive 30,098 ETH (around $56…
The US Treasury is getting serious about crypto. Apparently, they’re aiming to boost the value of their Bitcoin, XRP, and other digital assets. The Government’s Crypto Reserve President Trump signed an executive order creating a “Crypto Strategic Reserve,” a government-held stash of cryptocurrencies. This includes big names like Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL),…
Dogecoin’s price has been rollercoastering lately, with a pretty steep drop. This has worried some investors, but let’s look at the bigger picture. Dogecoin’s History of Dips and Soars This recent 66% drop from its December 2024 high isn’t actually that unusual. Looking back, Dogecoin has done this before! Dip #1 (2022-2023): A 64% drop…
Ethereum (ETH) has fallen below $2,000 for the first time this year, hitting its lowest point since October. This represents a significant drop of 57% from its December 2024 high of $4,100. A Market in Trouble The broader crypto market is down, mirroring struggles in the US stock market. Concerns about trade wars and economic…
The crypto market is tanking, and Ethereum (ETH) and Dogecoin (DOGE) are getting hit the hardest among the big players. Bitcoin (BTC) is also struggling, officially entering bear market territory. Ethereum and Dogecoin: Big Losses Ethereum, the second biggest cryptocurrency, saw its market cap plummet about 7.8% in the last 24 hours. The price dropped…
Coinbase is accusing the Federal Deposit Insurance Corporation (FDIC) of blocking efforts to uncover information about alleged attempts to stifle the cryptocurrency industry. This alleged campaign, dubbed “Operation Choke Point 2.0,” is said to involve government regulators trying to shut down crypto businesses. The Fight for Information Coinbase is using the Freedom of Information Act…
