Big banks in the US are facing a major financial headache: customers are struggling to pay back their loans. Big Losses for Big Banks Bank of America, Citigroup, and Goldman Sachs have all reported billions of dollars in losses due to unpaid debts. Citigroup, for example, saw a whopping $2.28 billion in bad debts in…
Telegram, the popular messaging app, is getting a major upgrade with a new mini-app store and support for Web3 pages. This means you’ll be able to access a variety of apps and services directly within Telegram, making it even more versatile. A Web3 Hub Telegram founder Pavel Durov sees 2024 as the year blockchain technology…
A former Wells Fargo executive, Cindy Flores, has been banned from the banking industry after stealing tens of thousands of dollars from customer accounts. A Year of Fraud The Office of the Comptroller of the Currency (OCC) found that Flores, a former operations associate manager, stole at least $47,646.52 from customer accounts between September 2022…
Dogecoin and Shiba Inu, the popular meme coins, have been on a roll lately, seeing significant price increases. This surge is closely tied to the performance of Bitcoin, the king of cryptocurrencies. Riding the Bitcoin Wave Bitcoin has been on a tear recently, gaining over 15% in the past week. This upward trend has directly…
Ethereum ETFs: Hype vs. Reality Crypto analyst Crypto Kaleo thinks Bitcoin will keep beating Ethereum in the short term. He doesn’t believe the upcoming launch of Spot Ethereum ETFs will cause Ethereum to suddenly skyrocket. He thinks the hype around these ETFs is real, but it won’t actually make Ethereum outperform Bitcoin until a couple…
Ethereum (ETH) is looking strong right now. It’s been steadily climbing above its trendline, which suggests it’s ready for a big move. Ethereum’s Bullish Momentum The price of ETH is currently trading around $3,500 and has been gaining value. It’s already broken through the $3,360 resistance level and is now aiming for the $3,659 mark….
Microsoft’s Big Problem Microsoft had a huge IT problem recently, causing a global shutdown that affected businesses and people all over the world. This happened because of a glitch in a cybersecurity platform called CrowdStrike. The outage impacted important things like the London Stock Exchange, airlines, banks, and even doctors’ offices. The Decentralized Advantage This…
Investors are ditching traditional bank accounts for higher-yielding money market funds, causing a big headache for major banks like Wells Fargo, Bank of America, and Citi. The Great Money Market Migration People are tired of their savings accounts earning next to nothing. They’re now pouring their money into money market funds, which are currently offering…
A popular crypto analyst, Michaël van de Poppe, is predicting a major surge for the little-known altcoin, Omni Network (OMNI). OMNI on the Rise Van de Poppe, who has over 700,000 followers on X (formerly Twitter), believes OMNI is poised for a significant breakout. He’s particularly interested in newer coins listed on Binance, and OMNI…
A popular crypto analyst, known as Credible Crypto, is predicting a big jump for an Ethereum-based altcoin called CRV. He thinks it could rise by over 24% to reach $0.37. CRV Could Soar Credible Crypto says several factors point to a breakout for CRV, including its recent price action and technical indicators. He believes the…
