A former employee of Truist Bank, Derrick Alan Smith, has been accused of stealing over $24,000 from customer accounts. Embezzlement Scheme According to the Federal Deposit Insurance Corporation (FDIC), Smith used blank checks to withdraw funds from four different customer accounts without their knowledge or consent. The transactions occurred between April 23, 2019, and October…
According to Ki Young Ju, CEO of CryptoQuant, the US Bitcoin (BTC) market is poised to lead the next leg up in crypto prices. Stablecoins and Offshore Liquidity Ju notes that while stablecoins are often seen as a source of global liquidity, their market cap growth is not keeping pace with BTC and ETH. He…
First Attack On June 10th, UwU Lend was hit by a $19.3 million attack. The attacker used flash loans to manipulate the price of USDe and borrow more than expected. Reimbursement Process After the first attack, UwU Lend promised to repay users. However, during the reimbursement process, a second attack occurred. Second Attack The second…
SEC’s Partial Approval The Securities and Exchange Commission (SEC) has given a green light to Ethereum ETF filings from major asset managers like BlackRock and Grayscale. Timeline for Full Approval SEC Chairman Gary Gensler hinted that full approval for these ETFs could be granted by the end of summer, potentially around September 22nd. Regulatory Challenges…
Regulatory Roadblocks The US has been losing its grip on crypto development due to strict regulations from the SEC under Gary Gensler. A recent Coinbase report shows a 26% drop in US-based crypto developers since 2018. Industry Concerns Experts like Bill Morgan and Paul Grewal have raised concerns about the stifling effects of these regulations…
Generational Bottom Dogecoin is at a crucial point, and analysts believe it’s forming a “generational bottom.” This means it’s a historically low point that could lead to a significant rally. Past Performance In previous bull cycles, Dogecoin has experienced similar generational bottoms. After these bottoms, the price has soared dramatically. For example, in 2021, Dogecoin…
A Fidelity analyst has cautioned that a significant increase in money supply is crucial for Bitcoin and gold to prove their worth as hedges against inflation. Sustained Money Supply Growth Jurrien Timmer, Fidelity’s global macro director, believes that sustained increases in money supply typically lead to inflation. This supports the idea that gold and Bitcoin…
A prominent crypto trader, Altcoin Sherpa, predicts that Bitcoin (BTC) could reach $100,000 or more later this year, representing a potential gain of at least 48%. Price Range and Indicators Altcoin Sherpa believes Bitcoin is currently trading within a range of $56,000 to $73,600. He suggests that the 200 exponential moving average (EMA) on Bitcoin’s…
Solana at a Crossroads Crypto analyst Credible Crypto warns that Solana (SOL) faces a make-or-break moment. If it loses support at $140, it could plummet to $115. However, if it holds, it could rally to $230. Bitcoin’s Bull Run in Jeopardy Bitcoin’s (BTC) bullish trend could end if it falls below $60,000. The analyst predicts…
Crypto analyst Nicholas Merten believes Bitcoin (BTC) is poised for a significant decline. Resistance at $71,500-$72,500 Merten highlights that Bitcoin has repeatedly failed to break above the $71,500-$72,500 resistance level. This suggests the presence of strong selling pressure. Extended Consolidation at All-Time High The analyst notes that Bitcoin has been consolidating at its previous all-time…
