Social media giant Reddit has revealed that it holds Bitcoin (BTC) and Ethereum (ETH) in its treasury, according to a filing with the U.S. Securities and Exchange Commission (SEC). Treasury Investments In the S-1 registration statement submitted to the SEC on Thursday, Reddit stated that it has invested some of its cash reserves in the…
ECB’s Bitcoin Critique: Costly and Crime-Prone ECB raises concerns about Bitcoin’s high costs and susceptibility to illicit transactions. Despite positive developments like spot ETFs approval by SEC, ECB remains skeptical. X Community’s Counteroffensive: Debunking ECB’s Claims X community provides robust defense against ECB’s reservations. Chainalysis report highlights only 0.34% of cryptocurrency transactions in 2023 were…
Scammer Impersonates Chase Employee, Dupes Customer into Providing Access Code Kristal Kuhn, a JPMorgan Chase customer from San Diego, is furious with the bank after falling victim to a scam that resulted in the loss of $49,500 from her account. The incident began when Kuhn received a phone call from someone claiming to be from…
A prominent crypto strategist, Inmortal, believes that Solana (SOL) is poised for a significant rally, potentially soaring over 340% from its current value by 2025. This prediction is based on the belief that SOL could follow a similar parabolic trajectory to Ethereum (ETH) in 2021, when ETH surged from $80 to $4500. Short-Term Outlook: ETH…
Guy Turner, host of the Coin Bureau YouTube channel, predicts a 151% surge in NEAR’s price in the short term. Guy Turner, a prominent crypto analyst and host of the Coin Bureau YouTube channel, has expressed bullish sentiment toward NEAR Protocol (NEAR), an Ethereum rival that has witnessed a remarkable price increase since October 2023….
Ethereum’s Potential Price Surge Mark Yusko, CEO and founder of Morgan Creek Capital, believes Ethereum (ETH) could soar to a five-figure price. In an interview with Altcoin Daily, Yusko analyzed the historical Bitcoin-to-Ethereum ratio and projected Ethereum’s potential growth. Bitcoin-to-Ethereum Ratio Analysis Yusko explained that Ethereum could appreciate by up to 410% from its current…
Why Companies Aren’t Ready for Full AI Adoption Artificial intelligence (AI) has been a hot topic in recent years, with many people wondering if it will take over their jobs or revolutionize industries. However, despite the hype, only a small percentage of companies have actually adopted AI for business purposes. Challenges of AI Adoption There…
US banks lost nearly half a billion dollars of their customers’ money to scammers in 2023, according to a report from the Federal Trade Commission (FTC). The FTC tracked 11,950 reports of bank transfer and payment fraud last year, with banking customers losing a total of $492 million. These losses stem from scams that directly…
Global debt has surpassed a staggering $313 trillion, with some nations facing growing difficulties in repaying their obligations, according to a recent study. Debt Surges: Global debt surged by $15 trillion from Q4 2022 to Q4 2023, as reported by Reuters, citing the Institute of International Finance (IIF). Over the past decade, global debt has…
Grayscale Files for Privacy-Focused ETF Grayscale, a prominent digital asset management firm, has proposed a new exchange-traded fund (ETF) centered around privacy. This ETF, if approved, will invest primarily in data privacy solution providers, cybersecurity companies, blockchain-based privacy solutions, and network security companies. ZEC’s Reaction The privacy-focused cryptocurrency Zcash (ZEC) saw a significant surge in…
