The Securities and Exchange Commission (SEC) just handed down a hefty $63.1 million fine to twelve major financial firms for violating recordkeeping rules. These firms, including big names like Charles Schwab and Santander, were caught using unauthorized communication methods for business. Off-Channel Communication Leads to Big Trouble The SEC says these firms—nine investment advisors and…
Bitcoin’s price has bounced back nicely, trading above $100,000. This has many investors feeling optimistic, especially since it’s been hovering around this level for a while. But what about the long-term picture? Let’s explore some predictions. A Look Ahead to 2025 and Beyond Many analysts believe Bitcoin still has significant upside potential. Some are even…
The European Union’s new Digital Operational Resilience Act (DORA) went into effect on January 17th, significantly impacting how crypto firms operate within the EU. This comprehensive regulation aims to boost cybersecurity and risk management across the financial sector, including crypto. What is DORA and Who Does it Affect? DORA isn’t just for banks. It applies…
Dogecoin is making headlines, and not just because of its meme-status. A recent breakout from a technical chart pattern has analysts buzzing about a potential price surge. A Bullish Breakout? One analyst, Master Kenobi, spotted Dogecoin breaking out of a “Symmetrical Triangle” – a pattern often seen before a price jump. Their analysis suggests Dogecoin…
Bitcoin’s price recently dipped below the $104,268 mark, surprising some who expected its upward trend to continue. This correction is happening for a few reasons: Why the Dip? Profit-Taking: Some investors are cashing in on their gains. Institutional Caution: Big investors are getting a bit wary. Economic Worries: Broader economic concerns are impacting riskier investments…
Indian cryptocurrency exchange WazirX announced a significant step in recovering funds lost during last year’s massive hack. They’ve frozen $3 million worth of USDT, a stablecoin, linked to the $230 million heist. A Milestone in Recovery WazirX calls this a major breakthrough in their efforts to return stolen assets to users. Freezing these funds prevents…
Bank of America could be hit with a whopping $111 billion in unrealized losses by the end of 2024. This is according to a recent report, which highlights the impact of rising bond yields on the bank’s balance sheet. Unrealized Losses on the Rise The bank’s losses, primarily stemming from US agency mortgage-backed securities, are…
A popular crypto analyst, known as Sherpa, has shared his predictions for several cryptocurrencies. Hyperliquid (HYPE) to the Moon? Sherpa is particularly bullish on Hyperliquid (HYPE), predicting a price increase of at least 116%. He believes HYPE, currently trading around $23.16, could reach over $50 before the end of the current market cycle. While he’s…
A crypto analyst is predicting a huge price jump for Ethereum (ETH), fueled by major investors. Whale Watching: Big Money Moves into ETH Ali Martinez, a well-known crypto trader with a large social media following, says that so-called “whales” – very wealthy crypto investors – have been buying up massive amounts of ETH. He claims…
A Meteoric Rise The crypto world is buzzing about MIND of Pepe ($MIND), an AI-powered token that raised a whopping $1.8 million in just 48 hours during its presale. That’s seriously fast! Think of it like selling thousands of PS5s in a weekend. What’s the secret to its success? What Makes $MIND Different? In a…
