A popular trader claims that new retail investors are shunning the crypto market. However, he believes a significant event could entice them. Bitcoin’s Six-Figure Milestone According to the trader, known as The Flow Horse, Bitcoin (BTC) must reach six figures before new retail investors flock to the market. He argues that memecoins, despite their hype,…
Guy Turner, host of the popular Coin Bureau channel, believes Sui (SUI) has significant long-term potential. Reasons for Optimism According to Turner, Sui has several factors that make it appealing to retail investors: Low price point, offering the illusion of large gains Relatively small market cap, allowing for easier price movement Accessibility on major exchanges…
Bitcoin’s big players, the “sharks” and “whales,” have been quietly accumulating the cryptocurrency despite its recent lackluster performance. Whales and Sharks Buy 154,560 BTC in 5 Months According to Santiment, a crypto analytics firm, Bitcoin wallets holding at least 10 BTC have added 154,560 BTC to their holdings in the past five months. This is…
Unlicensed Exchanges Ordered to Close Hong Kong, a major financial hub, has tightened regulations for cryptocurrency exchanges. The Securities and Futures Commission (SFC) has given unlicensed businesses until May 31st to close or leave the region. This move aims to protect investors from scams and fraud. Stricter Licensing Requirements The SFC has implemented a licensing…
Biden’s Reasons for Veto Vetoed H.J. Res.109, which sought to repeal the SEC’s SAB 121. Argued that repealing SAB 121 would weaken the SEC’s ability to regulate crypto. Believes the rule protects investors from potential risks associated with crypto. SAB 121: A Controversial Rule SAB 121 requires financial institutions to list cryptocurrencies on their balance…
Bearish Sentiment: A Blessing in Disguise? Despite Dogecoin’s recent price surge, on-chain data shows investors are still pessimistic. This bearish sentiment, however, could be a sign of future gains. Historical Precedent The last time Dogecoin’s sentiment was this negative was in February, which preceded a 200% price increase. Historically, investor fear has often been a…
President Biden has vetoed a bill that would have overturned a controversial SEC policy requiring certain companies to classify crypto assets as liabilities on their balance sheets. Biden’s Concerns In a letter to the House of Representatives, Biden expressed concerns that removing the guidance would hinder the SEC’s ability to protect investors and implement safeguards….
Unauthorized Transfers A California couple, Ron and Jan Scott, alleges that Wells Fargo failed to protect their account from hackers who stole $30,000 in a matter of seconds. The Scotts claim that the hackers gained access to their account after compromising one of their email passwords. Despite the large amount of money being transferred, the…
A new cryptocurrency linked to a popular Telegram game has reached new heights this week, soaring by nearly 160%. What is NOT? NOT is the token for Notcoin, a “tap-to-earn” mining game on Telegram. It launched on Binance’s Launchpool platform in May and has quickly gained traction. Impressive Growth With over 1.6 million on-chain holders,…
A former investment banker and registered broker, Rashawn Russell, has been sentenced to three years and five months in prison for orchestrating a $1.5 million crypto fraud scheme. Scheme Details From November 2020 to August 2022, Russell lured investors with promises of high returns. However, he misappropriated their funds for personal use, including gambling and…
