Allegations of Predatory Lending A lawsuit filed against Wells Fargo alleges that the bank overcharged thousands of military members on credit card interest rates and fees for more than a decade. The lawsuit claims that Wells Fargo violated the Servicemembers Civil Relief Act (SCRA), which limits interest rates for active-duty service members to 6%. Concealment…
CFTC Complaint On Tuesday, the US Commodity Futures Trading Commission (CFTC) and Department of Justice (DOJ) charged crypto exchange KuCoin and its founders with various violations, including illegally dealing in commodity futures. In the complaint, the CFTC referred to certain digital assets, including Bitcoin (BTC), Ether (ETH), and Litecoin (LTC), as commodities. SEC vs. CFTC…
Privacy Initiatives Worldcoin offers digital identity and cryptocurrency in exchange for iris scans. This unique approach aims to enhance privacy by avoiding traditional signup methods like name and address. Ethereum Founder’s Support Ethereum co-founder Vitalik Buterin praises Worldcoin’s efforts to address privacy concerns. He believes their “data-minimal” approach outperforms centralized authentication solutions. Regulatory Concerns Despite…
Rising Demand The Bitcoin market is buzzing with excitement as demand for the cryptocurrency skyrockets. In the past month, monthly demand has jumped from 40,000 to a staggering 213,000 Bitcoin. This surge is driven by the launch of Bitcoin ETFs and aggressive buying by wealthy investors. Shrinking Supply On the other hand, the total supply…
Bitcoin’s Trajectory Bullish Predictions: Samson Mow: $1 million Tom Dunleavy: $100,000 Tom Lee: $150,000 Bearish Predictions: JPMorgan: $42,000 Rekt Capital: Multi-month re-accumulation Altcoins to Watch Solana (SOL): Price surge due to meme coin frenzy Predictions of up to $750 Cardano (ADA): Historically lags but has potential for a bull run Predicted to reach $11 after…
A former JPMorgan Chase executive, Kevin Chiu, has been sentenced to 48 months in prison for stealing $2.4 million from bank clients. Unauthorized Transfers According to court documents, Chiu used his position to transfer funds out of client accounts without their knowledge or consent. He stole from at least six accounts belonging to five different…
A savvy trader has made a whopping 27,600% profit after investing in a memecoin built on Ethereum’s layer-2 scaling solution, Base. According to blockchain tracker Lookonchain, the trader bought $18,000 worth of Degen (DEGEN) in January and sold a portion of it for $5 million. Massive Ethereum Sale In a separate move, a large Ethereum…
Crypto analyst Altcoin Sherpa believes Dogecoin (DOGE) is poised for a significant rally, potentially doubling or even tripling in value. Long-Term Potential Altcoin Sherpa views DOGE as a long-term investment, predicting it could surge by over 200% in the coming months. He cites its strong fundamentals, including its high market cap, liquidity, and status as…
Analyst Benjamin Cowen predicts an eventful April for the crypto market. Bitcoin Dominance and Volatility Cowen expects high volatility, particularly in altcoin pairs against Bitcoin. If Bitcoin dominance rises by 5 percentage points from its current level of 49.6%, it could signal a bearish market where altcoins lose value faster than Bitcoin. Peak Timing and…
SEC’s Challenge to XRP Ruling Fox Business journalist Charles Gasparino warns XRP investors that the SEC may overturn the previous ruling that favored Ripple. If SEC Chair Gary Gensler classifies Ethereum as a security, it could lead to a reversal of the XRP ruling. Impact on XRP Investors Gasparino believes that if the SEC overturns…
