Jamie Dimon, the big boss at JPMorgan Chase, thinks the government should give low-income Americans a big tax break. He wants to change the Earned Income Tax Credit (EITC) so that it’s available to everyone who works, not just those with kids. A Big Boost for Families Dimon wants to make the EITC a $10,000…
Bitcoin (BTC) is struggling to gain ground, and a leading crypto analyst is pointing to a lack of demand as the culprit. Julio Moreno, head of research at CryptoQuant, says that demand for BTC is declining and “all valuation metrics are looking bearish.” Key Price Levels and Bearish Indicators Moreno highlights $55,000 as a key…
The US national debt has just exploded by a whopping $684 billion in just three months! That’s right, the amount of money America owes has skyrocketed, reaching a staggering $35.3 trillion. This comes just a month after the debt crossed the $35 trillion mark. Fitch Sounds the Alarm Fitch, a major credit rating agency, is…
Solana (SOL) is showing signs of life after a recent slump. The coin is on the rise, aiming for the $137 mark. This upward movement suggests that buyers are back in the game, and the market is feeling more optimistic. Bullish Signs on the Charts Looking at the 4-hour chart, Solana is on a strong…
Bitcoin took a tumble on September 6th, falling below $54,000 after hitting a high of $57,000 earlier in the day. This sudden drop was triggered by a disappointing US jobs report, which showed the economy added only 142,000 jobs in August, much lower than expected. Crypto Market in Turmoil The weak jobs data sent shockwaves…
The legal fight between Ripple and the SEC is far from finished, even though a judge’s ruling in August seemed to wrap things up. Here’s the latest: Ripple’s Request for a Stay Ripple recently asked the court to put a hold on the $125 million fine they were ordered to pay the SEC. The judge…
The crypto market has been struggling lately, with Bitcoin and Ethereum taking a hit. But even though both are down, Bitcoin has been doing better than Ethereum. Ethereum’s Underperformance Since the “Merge” in 2022, where Ethereum switched to a new system, it’s been trailing behind Bitcoin. In fact, Ethereum is down 44% against Bitcoin since…
A popular crypto analyst, known as Sherpa, is predicting a rough patch for Bitcoin. He thinks the price could drop by 20% to around $45,000. This level is important because it’s a key support zone on the weekly chart. Sui: A Short-Term Play While Bitcoin might be headed down, Sherpa is optimistic about Sui (SUI),…
A Massachusetts hospital is suing JPMorgan Chase, claiming the bank allowed a scammer to withdraw hundreds of thousands of dollars even after being warned about the fraudulent activity. Hospital Loses $700,000 to Email Scam Baystate Health says they fell victim to an email scam in November 2022, wiring $700,000 to a fraudulent account at JPMorgan…
A popular crypto analyst is predicting a wild ride for Solana (SOL), a major competitor to Ethereum (ETH). Solana’s Rollercoaster Ride The analyst, known as Kaleo, believes Solana could drop by over 36% from its current price before launching into a massive rally, potentially reaching new all-time highs. He suggests Solana could dip to around…
