Three little-known cryptocurrencies saw massive price jumps after Binance, the world’s largest crypto exchange, added them to its platform. Big Winners The biggest gainer was ChainGPT (CGPT), the token powering a web3 AI project. It exploded by over 105% in a single day, peaking at $0.41 after starting at $0.20. While it’s since dropped slightly,…
S&P Global is predicting a rough year for banks, forecasting nearly $850 billion in credit losses globally in 2025. This is despite a generally improving global economy. A Trillion-Dollar Headache? While the overall outlook for the banking sector seems stable – with most banks maintaining stable ratings – S&P Global expects a 7% increase in…
Arthur Hayes, the co-founder of BitMEX, is making a big prediction about Bitcoin. He thinks the price could surge over 950% to reach $1 million within the next three to five years. Let’s break down his reasoning. Why Hayes Sees Bitcoin Soaring Hayes’s prediction rests on a few key factors: Limited Supply, Growing Demand: Bitcoin’s…
Three Russian nationals are facing federal charges in the US for allegedly running cryptocurrency “mixing” services used to launder illicit funds. Busting the Crypto Cleaners Roman Ostapenko, Alexander Oleynik, and Anton Tarasov are accused of operating Blender.io and Sinbad.io, platforms that helped criminals hide the origins of their cryptocurrency. These services mix user funds together,…
Dogecoin’s price has been hanging around $0.33 lately, and that’s actually a pretty big deal. A crypto analyst, Trader Tardigrade, thinks we might be seeing the start of a big price turnaround. Holding Above a Key Support Line Dogecoin has stayed above a crucial support line around $0.315. This line has been important since mid-December…
Germany is seriously considering a big push into Bitcoin and blockchain technology. Recent discussions in the German Parliament show a renewed interest in integrating these digital assets into the country’s financial system. A Three-Point Plan Former Finance Minister Christian Lindner proposed a three-pronged approach: Government Bonds on the Blockchain: Issue German government bonds using blockchain…
Kenya is getting ready to officially allow cryptocurrencies. This big change comes after the International Monetary Fund (IMF) suggested Kenya update its crypto rules to match global standards. A New Approach to Crypto Regulation The Kenyan government is asking the public for their thoughts on new crypto rules. These rules are based on two main…
Bitcoin’s price has been all over the place lately, leaving many investors feeling anxious. Despite this volatility, Bitcoin has managed to stay above a key support level of $92,000, which is a good sign. New Blood in the Bitcoin Market Looking at the data, a fascinating trend emerges. A huge chunk – almost 50% –…
Kenya is taking a big step towards officially recognizing and regulating cryptocurrencies. The government recently unveiled a draft policy that lays out the groundwork for a new digital asset regulatory system. A Shift in Government Policy This marks a significant change from Kenya’s previous stance. Back in 2015, the central bank warned citizens against using…
Singapore just gave its police a powerful new weapon against scammers: the ability to freeze bank accounts. Freezing Accounts to Stop Scams This new law, passed unanimously by Parliament, lets police temporarily freeze bank accounts suspected of being involved in scams. The goal is to stop scammers from accessing their ill-gotten gains. The freeze order…
