JPMorgan Chase CEO Jamie Dimon has expressed concerns about several “significant uncertain forces” that could impact the global economy. Inflation and Conflicts Dimon highlighted persistent inflation and ongoing violent conflicts as major worries. He noted that geopolitical tensions and the ongoing war in Ukraine could further strain the economy. Quantitative Tightening Dimon also expressed uncertainty…
Customers Seek $5 Million in Damages A billion-dollar bank in the US is facing a class-action lawsuit for allegedly charging customers excessive overdraft fees. Overdraft Fee Practices Customers LaNita Criswell and LaSheena Neal claim that Frost Bank imposed $35 overdraft fees on transactions that did not exceed account balances. They allege that this practice violates…
Unauthorized Mining Operation Australian authorities have confiscated over $41 million worth of cryptocurrency from a blockchain mining group operating without a license. The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against NGS Crypto, NGS Digital, and NGS Group, along with their directors. Protecting Investors ASIC alleges that the companies’ operations violated the…
An altcoin project centered around artificial intelligence (AI) and digital commodities has made waves after a surprise listing on Binance, the world’s largest cryptocurrency exchange. Binance Adds Bittensor (TAO) Binance announced the official launch of trading services for Bittensor (TAO), triggering a 9% surge in the asset’s value. However, the coin later retreated due to…
Former security engineer Shakeeb Ahmed has been sentenced to three years in prison for hacking two decentralized cryptocurrency exchanges and stealing over $12 million. Exploiting Crypto Vulnerabilities Ahmed manipulated fake pricing data to steal $9 million from one exchange. He then targeted Nirvana Finance, exploiting a vulnerability to buy and resell crypto assets at inflated…
The Australian Securities and Investments Commission (ASIC) is taking legal action against two crypto companies and their directors for operating without a license. NGS Group Companies Targeted Investors The NGS Group, including NGS Crypto, NGS Digital, and NGS Group, allegedly offered fixed-rate returns on blockchain mining packages to Australian investors. ASIC claims they encouraged investors…
Long-Term Holders Reach Record High According to IntoTheBlock, Litecoin’s long-term holders (LTHs) have hit a new milestone. Over 62.5% of all LTC investors now qualify as LTHs, meaning they’ve held their coins for over a year. Significance of LTHs LTHs are considered to have a strong resolve and are less likely to sell their coins,…
Bitcoin Maximalist’s Perspective Max Keiser, a well-known Bitcoin supporter, has criticized the Ethereum (ETH) spot Exchange-Traded Fund (ETF) proposal. He calls it a “proof-of-stake scam” and believes it doesn’t meet the SEC’s approval requirements. SEC’s Silence and Uncertainty The SEC has yet to make a decision on the ETH spot ETF, leaving investors and enthusiasts…
Crypto analyst Altcoin Sherpa believes that Beam (BEAM), a gaming-focused cryptocurrency, has significant upside potential. He highlights BEAM’s potential to rally to $0.036 and $0.040. Arbitrum and Render Outlook The analyst predicts a potential decline of over 15% for Arbitrum (ARB), suggesting a drop to $1.20 or lower. He also anticipates a decline of nearly…
A prominent crypto analyst known as Bluntz is optimistic about Solana (SOL), an Ethereum competitor that has surged over 700% in the past six months. Technical Analysis Bluntz believes Solana has completed a bearish phase against the US dollar and has bottomed out at around $162. He expects the price to rise from here based…
