Arkham Intelligence, a blockchain data company backed by OpenAI founder Sam Altman, is getting ready to launch a new crypto derivatives exchange next month. A New Exchange for Retail Investors The exchange will be located in Punta Cana, Dominican Republic, and will be aimed at retail investors. However, US investors won’t be able to use…
Market chaos is good news for hedge funds. The stock market has been on a roller coaster ride lately, thanks to a lot of uncertainty. The Federal Reserve is trying to control inflation, but it’s causing a lot of ups and downs. Hedge funds, which are known for their ability to profit in volatile markets,…
A woman named Maddie had a wild night out and was shocked to find her Chase bank account had been wiped out. Not only that, but her balance was in the negative by a whopping $49,999,999,697! A Viral TikTok Story Maddie’s friend, Gabe Flores, shared her story on TikTok, showing videos of her drained account…
The SEC is taking action against Cumberland, a major crypto trading firm, for allegedly operating as an unregistered securities dealer. The agency claims Cumberland has been buying and selling crypto assets that qualify as securities since 2018, generating over $2 billion in transactions. SEC’s Claims The SEC alleges that Cumberland, which boasts of being a…
Tezos founder Josh Jarrett and his wife are going head-to-head with the IRS once more, this time over how the agency treats staked XTZ tokens. The Argument: Staked Tokens Shouldn’t Be Taxed Until Sold The Jarretts argue that new tokens earned through staking should only be considered taxable income when they are sold. They believe…
Bitcoin is back above $62,000, and that’s got crypto folks excited. Analysts are saying the bull market isn’t over yet, and there’s a lot of good news for Bitcoin holders. Why Analysts Think the Bull Run Continues Crypto analyst Crypto Dan sees a lot of similarities between Bitcoin’s current movement and past bull runs. He…
Bitcoin is currently hanging on by a thread, just above a key support level. Any small dip could trigger a huge wave of selling, sending the price crashing down. Big Money Moving: Data from Santiment, a company that tracks Bitcoin activity, shows that over 30,000 Bitcoins, worth around $1.83 billion, have been moved to crypto…
A well-known trader, Peter Brandt, is raising concerns about Bitcoin’s future. He thinks the cryptocurrency could be in for a major crash, potentially dropping by 75%. Why a Crash Could Be Coming Brandt points to a historical pattern in Bitcoin’s price movements. He noticed that whenever Bitcoin fails to reach a new all-time high within…
Bitcoin has been struggling lately, with prices dropping from around $66,000 in October. While it’s bounced back a bit, buyers need to show some serious strength to push prices higher. Whales Are Buying Big One interesting thing happening is that big Bitcoin investors, called whales, are accumulating a lot of coins. In the last six…
Former FTX executive Ryan Salame is about to start his 7.5-year prison sentence, and his way of preparing has the crypto community buzzing. A LinkedIn Update for the Ages Salame took to LinkedIn to announce his new “position” as an inmate at FCI Cumberland. He even updated his profile to include “cleaning and whittling” as…
