China’s economy is struggling, and the government is reportedly planning a massive spending spree to get things back on track. A Big Boost for the Economy China is considering a stimulus package worth a whopping $1.4 trillion, which could be approved as early as next week. This money will come from issuing new government bonds,…
Missing Climate Funds A new report claims that the World Bank can’t account for at least $24 billion in funds meant for climate change initiatives. This could be as much as 40% of all the money the World Bank received for climate projects. Where Did the Money Go? The international aid organization Oxfam conducted an…
Two prominent Ethereum researchers, Justin Drake and Dankrad Feist, have decided to step down from their advisory roles with EigenLayer. This comes after a controversy sparked by their initial appointments in May 2024. Concerns About Conflicts of Interest The crypto community expressed concerns about potential conflicts of interest arising from the researchers’ involvement with EigenLayer….
Bitcoin has been on a rollercoaster ride lately, trying to break its all-time high but then pulling back. But don’t worry, the overall vibe is still positive! Buying Pressure is Strong Data from CryptoQuant shows that more people are buying Bitcoin than selling, which is a good sign. This suggests that investors are confident about…
The US elections are upon us, and the crypto world is on edge. With everyone from former President Trump to Vice President Harris weighing in on crypto, it’s no surprise that everyone’s wondering how the election will impact Bitcoin and other cryptocurrencies. Sell-The-News? One trading firm, QCP Capital, thinks the election will be a “sell-the-news”…
A group of Thai police officers were arrested for allegedly extorting cryptocurrency from a foreign national. The Case: A Chinese-Vanuatu expat named Sai reported that a group of police officers raided his home claiming to have a search warrant. They accused him of being involved in a fake passport case and threatened to charge him…
Ethereum (ETH) could be about to bounce back, according to a popular crypto analyst. Ali Martinez, a well-known trader, believes ETH’s recent price action is signaling a potential rebound. He’s using a technical indicator called the Tom DeMark (TD) Sequential Indicator to make this call. The TD Sequential Indicator is a tool used by traders…
Apple Card users are getting a big payday after a settlement with the US government. The Consumer Financial Protection Bureau (CFPB) found that Goldman Sachs and Apple were messing up how they handled disputes from Apple Card users. What Went Wrong? The CFPB says Goldman Sachs and Apple were doing some shady stuff: Ignoring Disputes:…
Big Money Moves It seems like some Bitcoin whales have decided to shake off their long naps and cash in on their crypto holdings. A wallet that had been inactive for over 12 years recently moved 159 Bitcoin, worth about $11.75 million! This wallet originally received 759 Bitcoin back in 2012 for a total cost…
Crypto.com, the Singapore-based cryptocurrency exchange, is getting into the stock market. They’ve bought a US broker-dealer called Watchdog Capital to offer stock trading to American customers. Expanding Beyond Crypto This move is a big step for Crypto.com, as they’re trying to connect the world of crypto with traditional finance. Their CEO, Kris Marszalek, says they’re…
