The Securities and Exchange Commission (SEC) has appointed a former crypto executive to a top position. Jamie Selway, a veteran in financial services, will become the SEC’s new Director of Trading and Markets, starting June 17th. A Shift in Approach? SEC Chairman Paul Atkins stated that Selway will help ensure the agency’s regulations find a…
Bitcoin is struggling to break through a major resistance level, according to the analytics platform Swissblock. Bitcoin Stuck Below $110,000 Currently trading around $104,000, Bitcoin is facing a tough time climbing above its all-time high of nearly $112,000. Swissblock sees Bitcoin “stalling” below $110,000, creating a trading range between $100,000 and $110,000. They believe a…
Investing legend Ray Dalio is warning investors about the dangers of meme stock trading. He says people are getting caught up in the hype and ignoring a crucial factor: price. The Meme Stock Trap Dalio points out that every so often, a particular meme stock becomes incredibly popular. Everyone piles in, believing it will keep…
Shaquille O’Neal is paying $1.8 million to settle a lawsuit stemming from his endorsement of the now-defunct cryptocurrency exchange, FTX. The FTX Fallout The lawsuit accused O’Neal, along with other big-name celebrities, of promoting FTX without properly investigating the company. FTX went bankrupt in 2022 after its CEO, Sam Bankman-Fried, was revealed to have defrauded…
Bitcoin’s been hanging around $105,000 for a week, Ethereum’s trying to stay above $2,500, and XRP’s holding steady above $2.10. While some analysts are still bullish, others are sounding the alarm. A Bearish Prediction Crypto analyst Warren Muppet recently issued a pretty gloomy forecast, predicting a significant market correction. His prediction, shared on X (formerly…
The ongoing legal fight between Ripple and the SEC is taking another turn, this time focusing on a $125 million escrow fund. While things have calmed down a bit recently, both sides are back in court trying to change the terms of the original agreement. A Long and Winding Road This whole thing started in…
India’s tax authorities are getting serious about crypto. They’re sending out thousands of notices to taxpayers who haven’t properly reported their crypto income. This is part of a larger effort to catch people hiding profits and potentially laundering money through cryptocurrencies. Crypto Traders Under the Microscope The Central Board of Direct Taxes (CBDT) is checking…
An analyst known as Plan D on X (formerly Twitter) is predicting a huge price jump for Bitcoin, all the way to $167,000! This prediction is based on two bullish chart patterns. Two Bullish Patterns Pointing Up Plan D’s analysis focuses on two key chart patterns: a falling wedge and a bullish pennant. Both are…
The US Treasury recently made headlines by spending a whopping $20 billion in two weeks to buy back its own bonds. This massive buyback, the largest in history, involved repurchasing securities maturing between May and July. Is This Secret Money Printing? The move sparked online chatter about “stealth quantitative easing” (QE). Some believe the Treasury…
Several large banks have recently reported data breaches affecting customer information. Here’s a summary of the incidents: JPMorgan Chase Data Breaches JPMorgan Chase reported at least four data breaches in Massachusetts affecting several customers. Two incidents involved employee misconduct, leading to fraudulent transactions on customers’ credit and debit cards. The bank closed the affected accounts,…
