Customers in Kentucky were left shocked and frustrated after receiving fake $100 bills from an ATM. Movie Money, Not Real Money Several people, including Tiffany Vaugh, withdrew money from an Independence Bank ATM in Providence, Kentucky, only to discover the bills were fake. These bills were marked “for motion picture purposes” and “in props we…
American companies are borrowing a record amount of money, and it’s all because they’re worried about what’s coming next. A Big Week for Borrowing In the first week of September, companies issued a record-breaking amount of debt. This is the most ever in a single day, and the second-highest amount ever in a single week….
The crypto world is a wild west right now, with different government agencies pulling in different directions. A new bill, called the “BRIDGE Digital Assets Act,” aims to bring some order to the chaos. A Bridge Between Agencies The bill proposes a new committee made up of representatives from the Securities and Exchange Commission (SEC)…
Bitcoin has been on a roll lately, gaining almost 13% in the past week. Analysts are buzzing about a potential bull run, and one key indicator is pointing in that direction. New Bitcoin Addresses: A Key Indicator Crypto analyst Burak Kesmeci has identified a crucial factor in Bitcoin’s price movements: the number of new Bitcoin…
Ethereum remains the king of decentralized exchanges (DEXs), controlling a whopping 35% of the market. This means that most of the trading of cryptocurrencies without using traditional exchanges happens on Ethereum. This is good news for Ethereum investors, as it shows the network is still very active and popular. However, Ethereum isn’t alone in the…
Kraken, a popular cryptocurrency exchange, is taking on the US Securities and Exchange Commission (SEC) in a legal battle over the definition of digital assets. Kraken vs. SEC: A Battle of Definitions The SEC has accused Kraken of operating an unregistered exchange for digital assets, claiming these assets qualify as securities. Kraken strongly disagrees, arguing…
The US banking system is facing some challenges, according to the Federal Deposit Insurance Corporation (FDIC). The number of banks considered “problem banks” is on the rise, and banks are still dealing with billions of dollars in losses on investments. More Banks on the “Problem List” The FDIC’s latest report shows that 66 banks are…
Crypto experts at Santiment are keeping a close eye on three altcoins: Aave, Decentraland, and The Graph. They’re seeing a lot of short positions on Binance, which could lead to a sudden price jump. Short Squeeze Potential Santiment says that these altcoins have a high “short ratio” on Binance, meaning there are a lot of…
Stablecoin giant Circle, the company behind the popular USDC cryptocurrency, is moving its headquarters from Boston to New York City. Big Plans for Wall Street Circle CEO Jeremy Allaire says the move is about getting closer to the heart of the financial world. He believes that blockchain technology is becoming increasingly important in finance, and…
A US judge is questioning the honesty of former FTX executive Ryan Salame’s guilty plea last year. Judge Lewis A. Kaplan believes Salame might have lied during his plea hearing and is considering potential sanctions. Judge Suspects False Testimony Kaplan expressed concern that Salame’s guilty plea was based on false statements. He specifically mentioned that…
