Could Dogecoin be about to hit new record highs? Several crypto analysts think so, but there’s a key hurdle to overcome first. The $0.57 Hurdle Crypto analyst Crypto Jack sees $0.5696 as the major resistance level for Dogecoin. He points to an ascending price channel with Fibonacci levels acting as support and resistance. He believes…
Wells Fargo will be paying a hefty price for allegedly mishandling a trust fund. A Florida jury found the bank guilty of mismanagement and unauthorized fees, ordering it to pay a staggering $832 million in damages. Millions in Damages and Fees The lawsuit, filed on behalf of the Seminole Minors Per Capita Payment Trust, involved…
Malta’s financial watchdog has fined the cryptocurrency exchange OKX a hefty €1.054 million ($1.155 million) for serious anti-money laundering (AML) violations. Failing Compliance Checks The Financial Intelligence Analysis Unit (FIAU) found OKX lacking in several key areas. The investigation, conducted in 2023, revealed that OKX failed to properly assess money laundering and terrorist financing risks…
A sophisticated scam targeting victims through fake emails and phone calls resulted in a $30,000 loss. The criminals cleverly impersonated both JPMorgan Chase and PayPal to trick their victims. How the Scam Worked Victims received emails seemingly from PayPal, warning them about a large, unauthorized Bitcoin purchase. When they called the number in the email,…
A popular crypto analyst, known as Altcoin Sherpa, is very optimistic about Grass (GRASS), a Solana-based altcoin. After a 25% surge in a single day, reversing recent losses, Sherpa calls GRASS “extremely strong.” GRASS’s Impressive Reversal Sherpa, who boasts over 240,000 followers on X (formerly Twitter), believes GRASS is a top performer. He notes that…
Bitcoin mining is about to get a whole lot harder. A significant difficulty adjustment is coming. Difficulty Adjustment Explained The “difficulty” in Bitcoin mining refers to how hard it is for miners to solve complex mathematical problems to add new blocks to the blockchain. This difficulty adjusts roughly every two weeks to keep the average…
Illinois is taking a serious look at regulating the cryptocurrency market within its borders. A new bill, aiming to protect consumers from scams and shady practices, is making its way through the state legislature. Protecting Consumers from Crypto Scams Senate Bill 1797, also known as the Digital Assets and Consumer Protection Act, aims to curb…
The stock market’s tanking, but the crypto world? It’s surprisingly chill. Bitcoin holders are staying strong, and savvy investors are taking notice. Here are three exciting new crypto projects worth checking out: Three Crypto Projects to Watch 1. BTC Bull Token ($BTCBULL): The Bitcoin-Riding Meme Coin This meme coin is all about the bullish Bitcoin…
A Singaporean AI company, Genius Group, is in a legal battle that’s forcing it to sell off its Bitcoin. A US court slapped them with a restraining order, putting a stop to some major financial moves. What Happened? It all started with a merger between Genius Group and Fatbrain AI in March 2024. Things went…
A serious security flaw has been found in a widely used coding library called “elliptic,” which could let hackers steal cryptocurrency from users’ wallets. This affects many crypto projects and applications. How the Vulnerability Works The elliptic library helps developers build crypto apps faster by providing pre-written code. Unfortunately, a bug in this library allows…
