Citigroup, a major US bank, is facing a hefty $135.6 million fine from regulators for failing to fix long-standing issues with its risk management, compliance, data handling, and internal controls. Citigroup’s Repeated Failures This isn’t the first time Citigroup has been in hot water for these issues. Back in 2020, regulators flagged deficiencies and the…
Bitcoin’s price took a tumble on Sunday after President Biden announced he’s bowing out of the 2024 presidential race. The news sent BTC plummeting from $67,453 to $65,884 in a matter of seconds. It eventually recovered slightly, settling around $66,893. This latest price swing comes after a recent rally fueled by former President Trump’s support…
Bitcoin is making headlines, and one expert thinks it could become a national asset. Andrew Kang, a well-known crypto expert, believes that some governments are considering adding Bitcoin to their treasury reserves. While this is still just speculation, it’s a big deal because it could have a huge impact on the crypto world. Bitcoin’s Potential…
Recently, some big players in the crypto world moved a lot of Dogecoin (DOGE) and Shiba Inu (SHIB) tokens. Let’s break down what happened. Millions of DOGE and SHIB Moved A crypto tracker called Whale Alert noticed a huge transfer of 800 million DOGE and 2.7 trillion SHIB tokens from the popular crypto exchange Robinhood…
Senator Richard Blumenthal is accusing major banks of turning a blind eye to fraud on the popular payment network Zelle. He claims that banks like JPMorgan Chase, Wells Fargo, and Bank of America are putting profits over customer protection. Zelle Fraud is Costing Customers Millions Blumenthal, who chairs the Senate Subcommittee on Investigations, says that…
A well-known crypto analyst, known as Capo, is predicting a big rally for Bitcoin and altcoins. He believes the market has bottomed out and is ready to surge. Bitcoin to Soar? Capo, who correctly predicted the 2022 crypto crash, is bullish on Bitcoin. He thinks Bitcoin will break through $73,200 after it surpasses the $65,000…
The US government is facing a major financial challenge: interest payments on the national debt are skyrocketing. Debt Interest Eats Up Most Income Taxes According to economist E.J. Antoni, in June alone, interest payments on the national debt consumed a whopping 76% of all personal income taxes collected. This means that a huge chunk of…
Crypto investor Chris Burniske thinks the crypto market is about to take off, with Bitcoin, Ethereum, and Solana leading the charge. Why is he so bullish? Burniske, a former crypto head at ARK Invest, points to several factors: Ethereum ETFs: The approval of Ethereum-based exchange-traded funds (ETFs) is expected to bring in new investors. Trump…
Bitcoin exchange-traded funds (ETFs) are seeing a huge surge in popularity, with investors pouring billions of dollars into them. Big Money is Flowing In In just a few days, Bitcoin ETFs saw a record-breaking $18 billion in inflows. This massive amount of money came from both big institutions and individual investors who are excited about…
Big-time Bitcoin investors, known as “whales,” have been scooping up Bitcoin like crazy since the start of the year. This has been happening alongside a lot of positive news for the crypto world, and it’s a big sign that people are feeling optimistic about Bitcoin’s future. Whale Holdings Hit a Two-Year High These whales have…
