JPMorgan Chase CEO Jamie Dimon has expressed concerns about the potential economic consequences of excessive government spending. At a recent conference, Dimon stated that he believes the current level of fiscal stimulus could lead to stagflation, a combination of high inflation, unemployment, and low growth. He emphasized that the unprecedented level of spending in recent…
Render (RNDR): A Promising AI Altcoin Crypto analyst Altcoin Sherpa believes Render, an AI-focused blockchain, is poised for a strong performance. He suggests that RNDR is consolidating within a trading range and is ready to break out to the upside. Lido DAO (LDO): Retesting Support Altcoin Sherpa warns that LDO, an Ethereum staking project, may…
Boxing icon Manny Pacquiao has extended his heartfelt thanks to the Shiba Inu (SHIB) community for their generous donations to his charitable foundation. Shibarium Integration In a recent video message, Pacquiao acknowledged the SHIB Army’s contributions and expressed excitement for the implementation of Shibarium, a layer-2 scaling solution for SHIB. Shibarium aims to enhance transaction…
Forgotten Password Cracked In a remarkable feat, two hackers have recovered $3 million worth of Bitcoin from a digital wallet that had been locked for 11 years. The owner, known as “Michael,” had lost access to the wallet after forgetting the password. Reverse-Engineering the Password The hackers, Grand and Bruno, spent months studying the password-generating…
Losses Decline in May 2024 Despite the ongoing crypto bull run, the industry has faced increased losses from hacks and rug pulls. However, the first five months of 2024 saw a 20% decrease in losses compared to the same period in 2023. In May 2024 alone, losses reached $52 million, a 12% decrease from May…
Babylon, a crypto startup led by Stanford professor David Tse, has raised $70 million to bridge the gap between Bitcoin (BTC) and Ethereum (ETH). Bitcoin as a Staking Asset Babylon aims to enable Bitcoin holders to earn rewards by using their BTC to validate transactions on other blockchains. This process, known as staking, allows users…
Major Operation On Thursday, Turkey’s Minister of Interior announced a major operation against a crypto scamming platform in Ankara. The operation, codenamed “CYBERGÖZ-42,” targeted the Smart Trade Coin (STC) platform. Ponzi Scheme Exposed The investigation revealed that STC was a Ponzi scheme that promised investors high profits with no risk. The platform claimed to use…
Recent Bull Run Comes to an End PEPE has had a rough few days, with a 15% drop that has pushed it out of the top 20 cryptocurrencies by market cap. PEPE’s Price Plummets After a strong May, PEPE has taken a hit in the last week. From a high of $0.0000170 on Monday, it…
Interest in Crypto Soars A recent survey by Grayscale reveals a surge in interest in Bitcoin (BTC) and cryptocurrency among US voters. Geopolitical and Economic Factors Driving Interest Geopolitical tensions, inflation, and concerns about the US dollar have prompted 41% of voters to pay more attention to Bitcoin in the past six months. Inflation remains…
Chainlink co-founder Sergey Nazarov believes the crypto industry is still in its early stages and poised for significant growth. He predicts the total market cap could quadruple to over $10 trillion. Traditional Finance to Drive Growth Nazarov believes the traditional finance industry is key to unlocking the crypto market’s full potential. He says that once…
