Indian authorities have seized a whopping $190 million in cryptocurrency linked to the infamous BitConnect Ponzi scheme. This massive bust is a significant blow to the perpetrators of the scheme that collapsed in 2018, leaving many investors with heavy losses. The Bust The Enforcement Directorate (ED), India’s financial crime fighting agency, made the seizure. In…
XRP’s price might be about to skyrocket, according to a recent analysis. A bullish “Cup and Handle” pattern has formed on the charts, suggesting a significant price increase is on the horizon. The Cup and Handle Pattern Explained The Cup and Handle is a classic chart pattern that often signals a price surge. It looks…
Big Dogecoin investors, often called “whales,” have significantly reduced their activity. This could be a bad sign for the cryptocurrency’s price. Whale Activity Plummets Data shows a massive drop in large Dogecoin transactions – those worth over $1 million. This is a key indicator of whale activity, tracked by analytics firm Santiment. Since mid-November, the…
Jerome Powell, the head of the Federal Reserve, recently changed his tune on Bitcoin, giving crypto investors a little boost of hope. Speaking at the New York Times DealBook Summit, he compared Bitcoin to gold, calling it a “speculative asset” but not a threat to the US dollar. This is a big shift from his…
Dogecoin’s price has been struggling lately, but a new technical analysis suggests a massive price surge is on the horizon. One analyst believes a specific chart pattern points to a potential price target of $11.16. The Setup: An “Adam and Eve” Pattern The analysis focuses on a “macro breakout setup,” specifically an “Adam and Eve”…
MasterCard’s crypto and blockchain head, Raj Dhamodharan, predicts a change in how central banks approach digital currencies in 2025. He believes they’ll shift focus from consumer-facing digital currencies (retail CBDCs) to digital assets designed for banks and financial institutions (wholesale CBDCs). A Change in Direction Dhamodharan suggests this shift is partly due to President Trump’s…
A Federal Reserve governor is pushing for new laws to let banks create and manage stablecoins – digital currencies pegged to the US dollar. Stablecoins: Good and Bad Governor Christopher Waller believes stablecoins could be great for the financial system. He sees them boosting access to US dollars, making international payments easier, and improving everyday…
A cryptocurrency analyst, known for accurately predicting the 2023 Bitcoin surge, believes the current price consolidation is a prelude to a significant price increase. Weak Sell-Offs Fuel Bullish Outlook DonAlt, a popular analyst with over 65,000 YouTube subscribers, points to the relatively muted market reaction to recent negative news as a key indicator. He notes…
A crypto analyst is reporting a massive influx of Ethereum (ETH) into the hands of individual investors. This suggests strong confidence in the cryptocurrency. Nearly a Million ETH Vanishes From Exchanges Over 900,000 ETH tokens were withdrawn from cryptocurrency exchanges in just ten days. With ETH trading around $2,731 at the time of this report,…
Tether, the company behind the USDT stablecoin, is actively involved in shaping new US laws for cryptocurrencies pegged to the dollar. Tether’s Proactive Approach Paolo Ardoino, Tether’s CEO, is reportedly working closely with US government officials to influence upcoming stablecoin regulations. He’s stated that Tether intends to provide input on proposed bills and will comply…
