A JPMorgan Chase customer in Brooklyn was robbed of $300,000 just after withdrawing the cash from a bank branch. The Incident The 31-year-old customer withdrew the large sum from a teller and was robbed as soon as he exited the bank’s front door, according to News 12. Suspect Description Police say the suspect “forcibly removed”…
After a prolonged downturn, venture capital (VC) investment in cryptocurrency firms is experiencing a resurgence. Rise in VC Funding According to data from PitchBook, VC investment in crypto companies surged by 41% in the first quarter of 2024, reaching $2.4 billion. This marks a significant turnaround from the seven consecutive quarters of decline. Market Context…
Accumulation Surge On-chain data reveals that Bitcoin addresses with zero sales history, known as “accumulation addresses,” made significant purchases before the recent price rally. These addresses represent long-term holders (HODLers) who have never sold their Bitcoin. To qualify as an accumulation address, it must meet specific criteria: At least two incoming transactions Last transaction within…
Triangle Pattern Signals Upside Crypto analyst Lingrid has spotted a bullish triangle pattern on Dogecoin’s chart. This pattern suggests that the price is likely to continue rising. The triangle is formed by the market consolidating below the upper border of the triangle. This often leads to a price squeeze, which is bullish. Range Zone and…
The US Department of Justice (DOJ) has cracked down on a major dark web drug operation, seizing $100 million in cryptocurrency. Incognito Market: The Dark Web Drug Bazaar In October 2020, Incognito Market emerged as a dark web marketplace for illegal narcotics. It allegedly facilitated over $100 million worth of crypto transactions in drugs, including…
Centralized Control: The Genesis Keys Justin Bons, a venture capitalist, has criticized Cardano, claiming it’s not as decentralized as it claims. He highlights the “genesis keys,” a multi-signature system that gives Input Output Global (IOG), the company behind Cardano, excessive power. IOG controls five of the seven genesis keys, which allow them to unilaterally change…
Altcoins at Risk According to analyst Benjamin Cowen, Bitcoin (BTC) is likely to continue trading near its record highs, at the expense of altcoins. Cowen believes that the only reason Bitcoin remains above $60,000 is due to traders shifting funds from altcoins into BTC. Liquidity Exhaustion Cowen warns that a larger correction in Bitcoin and…
A wealthy investor has started buying large amounts of a cryptocurrency similar to Dogecoin from the popular US crypto exchange Coinbase. Details of the Purchase According to data from the digital asset tracker Lookonchain, the investor spent $606,000 to buy almost 228,000 units of the memecoin dogwifhat (WIF). Other Whale Activity Lookonchain also reported that…
Macro strategist Jim Bianco has revealed that retail investors hold a staggering 85% of shares in spot Bitcoin exchange-traded funds (ETFs) as of the first quarter of 2024. Breaking Down Investor Types According to Bianco’s analysis of mandatory 13F filings with the SEC, investment advisors hold only a small portion of these ETFs, ranging from…
A renowned crypto strategist has predicted the timeline for Bitcoin’s next major upswing. Post-Halving Accumulation The analyst, known as Rekt Capital, suggests that Bitcoin is currently in a post-halving reaccumulation phase. Historically, this phase has lasted around 160 days before a significant upward move. Bullish Breakout Rekt Capital notes that Bitcoin has broken out of…
