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…
A crypto analyst, Altcoin Sherpa, predicts a significant rally for Solana (SOL) later this year. He believes SOL could reach $500 or more, a potential increase of 267% from its current price. Key Fibonacci Levels for SOL Altcoin Sherpa identifies key Fibonacci levels at $138 and $116 as potential areas for a retest. At the…
Cryptocurrency analyst Bluntz has identified NEAR Protocol (NEAR) as a standout performer in the current market. NEAR’s Market Dominance Bluntz believes NEAR has outperformed its competitors and is poised to make significant gains. He notes that the altcoin has continued to reach new highs while others have stalled. Target Price and Elliott Wave Analysis Based…
Legalizing Crypto Mining Russia is considering a bill to legalize and regulate crypto mining. The bill aims to encourage the industry while minimizing risks. Tiered Approach The bill proposes a licensing system for miners. Large-scale operations will require licenses, while individuals with low energy consumption can mine without one. Balancing Innovation and Security The bill…
Key Targets and Analysis Crypto analyst Kevin believes Dogecoin (DOGE) could rally an impressive 2,500% during this bull cycle. He highlights several key price targets: $3.80: This level represents the 1.1618 Fibonacci extension, which DOGE has historically surpassed. $0.95 and $1.35: These are notable targets based on previous performance. Kevin acknowledges that reaching these heights…
A Unique Approach to Conservation Chimpzee is making waves with its NFT Passports, designed to rekindle interest in wildlife conservation among the youth. The project is set to transform climate action through its unique approach. Key Pillars of the Chimpzee Ecosystem Three pillars support the Chimpzee ecosystem, fostering a community centered around sustainability: Shop-to-Earn: An…
Legal Battle with the Fed Custodia Bank is appealing a court ruling that denied its request for a master account with the Federal Reserve Bank of Kansas City. The bank believes this account is essential for its growth and access to the federal financial system. Custodia filed a lawsuit in 2022 after experiencing delays in…
Lack of Awareness Among Ultra-Wealthy Investors Despite their immense wealth, many crypto millionaires lack essential knowledge about safeguarding their assets. A survey by Owner.One revealed that only 7% of ultra-rich investors conduct due diligence before investing in crypto, putting their assets at risk. Indifference to Loss Alarmingly, 87.2% of the surveyed investors believe they won’t…
Ethereum Liquid Staking Project A crypto trader, Ali Martinez, has spotted a bullish sign for Lido DAO (LDO), a liquid staking service for Ethereum. According to the Tom DeMark (TD) Sequential indicator, LDO could surge to $3 if it holds above $1.85. Bitcoin Sell Signals Martinez also warns of two sell signals for Bitcoin (BTC)….
