NYC police are warning seniors about a trio of scammers targeting major banks. Between May and June, these criminals—two men and a woman—stole at least $70,000 from elderly customers of JPMorgan Chase, Bank of America, Citibank, and Capital One. How the Scam Works The scammers use a simple but effective tactic: They pretend to be…
Fidelity’s Jurrien Timmer predicts Bitcoin (BTC) is about to surge to new all-time highs. He bases this on several factors. A Perfect Storm for Bitcoin? Timmer, a global macro director at Fidelity, points to a strengthening relationship between Bitcoin and the global money supply. With both liquidity improving and the stock market hitting new highs,…
A bank employee has been banned by the Federal Reserve for allegedly stealing money from a charity. The Case Against Kendall Hickman Kendall Hickman, a former employee of Jonah Bank in Wyoming, is accused of embezzling $33,212 from a nonprofit where she worked as a bookkeeper. She held both jobs from July 2021 to June…
Ethereum’s price has been pretty flat lately, hinting that its recent surge might be slowing down. It’s only dropped a little over the past day or two, but the overall picture is one of consolidation. Big Money Flows Into Ethereum ETFs But here’s the interesting part: despite the price wobble, a lot of money is…
Bitcoin’s price is rising, but some technical indicators are raising eyebrows. Let’s dive into what’s happening. Weakening Momentum? A crypto analyst, TrendPro, noticed something interesting: Bitcoin’s price is making new highs, but a key indicator called the Relative Strength Index (RSI) isn’t keeping pace. This “bearish divergence” is similar to what happened after the 2020…
Crypto analysts are buzzing about XRP’s potential for a massive price increase. One analyst, Crypto Michael, predicts a parabolic upswing is imminent. XRP’s Consolidation Period Ends Crypto Michael’s analysis shows XRP completing a long consolidation period. He uses a chart showing XRP’s price action from 2017 to 2026, highlighting a symmetrical triangle pattern. This pattern,…
Bitcoin’s price is getting close to its all-time high, and some analysts think a big price increase is coming soon. Bitcoin: One Candle Away From New Highs? One analyst, CrypFlow, noticed Bitcoin’s resilience and strong chart patterns. After bouncing back from support, Bitcoin successfully reclaimed a key level around $104,400. However, it hit resistance around…
Congress is grilling Zelle and some major banks over massive losses from payment scams. Senators Elizabeth Warren and Richard Blumenthal, along with Representative Maxine Waters, are demanding answers. Millions Lost to Scams The lawmakers are particularly focused on JPMorgan Chase, Bank of America, and Wells Fargo, which handle the lion’s share of Zelle transactions. They’re…
General Motors (GM) is shelling out $150 million to settle a class-action lawsuit over faulty engines. The settlement covers customers in California, Idaho, and North Carolina. Who’s Getting Paid? The lawsuit targets certain 2011-2014 models with LC9 engines, including popular vehicles like the Chevrolet Silverado, Tahoe, Suburban, Avalanche, and GMC Sierra and Yukon models. Owners…
Investors are freaking out about the US economy, dumping over $10 billion in US bonds in just three months. This massive selloff marks a huge shift, ending a five-year trend of investors buying up these bonds. What’s Going On? The Financial Times reports this bond exodus is driven by worries about rising inflation and a…
