A former bank employee in New Jersey has admitted to stealing $105,000 from a deceased customer’s account. Uncovering the Scheme Jorge Nova, a former employee at a bank in Nutley, noticed that a deceased customer’s account continued to receive Social Security benefits. The retiree had passed away in 2014, but the Social Security Administration (SSA)…
New Powers for Law Enforcement The UK government has granted police new powers to seize crypto assets from suspects even before making arrests. These powers aim to combat sophisticated criminals who use cryptocurrencies to launder money and hide their activities. Expanding Authority The National Crime Agency (NCA) and police can now seize not only crypto…
Thomas Jordan, chairman of the Swiss National Bank (SNB), has expressed skepticism about holding Bitcoin as a reserve currency. Concerns over Liquidity and Stability Jordan explained that reserve currencies should be highly liquid and stable, allowing for easy buying and selling. He believes Bitcoin may not meet these criteria due to its volatility and limited…
Bitcoin’s Price Has Reached Its Top Crypto expert Peter Brandt believes that Bitcoin’s price has already reached its peak for this market cycle. He bases this on his “exponential decay” theory, which suggests that Bitcoin’s percentage gains have been decreasing in each bull cycle. Exponential Decay Explained Exponential decay means that Bitcoin’s price increases less…
Date Announced The Shiba Inu team has announced that the Shibarium network hard fork will take place on Thursday, May 2. What is a Hard Fork? A hard fork is a major update to a blockchain network that creates a new version with improved features. Why the Hard Fork? The Shiba Inu team is committed…
Franklin Templeton’s ETF Appears on DTCC List Franklin Templeton’s proposed Ethereum Spot ETF has popped up on the Depository Trust and Clearing Corporation (DTCC) website. This could hint at a potential approval by the Securities and Exchange Commission (SEC). SEC’s Stance on Ethereum ETFs The SEC has been considering Ethereum Spot ETFs since the approval…
Price Action on the 4-Hour Chart ADA has plummeted over 30% from its peak of $0.8107. It’s currently trading around $0.4604, down 0.65% in the past 24 hours. The price has failed to cross above the trendline, pushing it further down. It’s also trading below the 100-day moving average, indicating a sustained decline. The RSI…
User Privacy in Bitcoin Samson Mow, CEO of Jan3, recently discussed the importance of user privacy in Bitcoin. He highlighted Satoshi Nakamoto’s original vision for a system that doesn’t rely on trusted third parties like banks. Bitcoin uses anonymous private keys to protect user identities while keeping transactions publicly recorded on the blockchain. Balancing Transparency…
JPMorgan Chase and Bank of America The two largest banks in the US, JPMorgan Chase and Bank of America, have reported significant losses due to unpaid debt. JPMorgan Chase Net charge-offs (unrecoverable debt) reached $2 billion in the first quarter of 2023. This is double the amount of unpaid debt compared to the same period…
A prominent crypto analyst, Benjamin Cowen, warns that altcoins are about to experience a sharp decline against Bitcoin (BTC). Altcoins Losing Ground Cowen’s analysis of the TOTAL3 chart, which tracks the market capitalization of all altcoins excluding Ethereum (ETH) and stablecoins, shows a bearish trend against Bitcoin. This suggests that altcoins may face a significant…
