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 Nearly a Million ETH Vanishes From Exchanges Over 900,000 ETH tokens were withdrawn from cryptocurrency exchanges in just ten days.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…
Senator Ron Wyden, the top Democrat on the Senate Finance Committee, is investigating Dan Morehead, founder of Pantera Capital, a major cryptocurrency investment firm, over potential tax violations. Puerto Rico Tax Break Under Scrutiny The investigation centers around Morehead’s move to Puerto Rico in 2020 and subsequent massive capital gains. The Senator’s letter alleges that…
A Texas cleaning service owner is accusing JPMorgan Chase of refusing to reimburse her after $80,000 vanished from her business account. Hacked Facebook, Emptied Account Marisel Ballard, owner of Trustworthy Cleaning Service, says hackers accessed her Facebook account, which was linked to her JPMorgan Chase business account. The thieves used this access to make unauthorized…
A Las Vegas businessman is in hot water for allegedly running a massive cryptocurrency Ponzi scheme. Brent C. Kovar faces serious charges and a potential life sentence. The Scheme Kovar allegedly ran a company called Profit Connect, promising investors huge returns (15-30% APR!) on their cryptocurrency investments, even guaranteeing 100% cashback. He used slick marketing…
Bitcoin’s price has been bouncing around between $95,000 and $98,600 lately, but some worrying signs are emerging. Could a big price drop be on the horizon? A Billion Dollars Flowing Into Exchanges Last week saw a massive $1.4 billion influx of Bitcoin into cryptocurrency exchanges. This is a significant shift, wiping out the outflows seen…
