Binance’s Legal Troubles Binance, the world’s largest cryptocurrency exchange, is facing a legal battle in Nigeria over allegations of money laundering, tax evasion, and currency speculation. Two executives, Tigran Gambaryan and Nadeem Anjarwalla, have been charged. Gambaryan Denied Bail Gambaryan was arrested in Nigeria earlier this year. A court has now denied him bail, citing…
Analyst’s Prediction A crypto expert named Yoddha has made a bold prediction: Ethereum (ETH) will embark on a massive rally to $10,000 by the end of 2024. Historical Trends Yoddha’s prediction is based on historical data from 2016 to 2024. Ethereum has experienced periods of accumulation, volatility, and sharp rises in the past. Current Accumulation…
Bank of America is facing a class-action lawsuit from a customer who claims the bank illegally refused to reimburse her for unauthorized transactions. Accusations of Illegal Practices Kimberly Dennie alleges that her Bank of America debit card was stolen in February, and unauthorized transactions were made on her account. She promptly reported the card as…
Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) is exhibiting bullish signs similar to those seen before its surge to record highs earlier this year. Bullish Signals Svenson points to a reversal bottom pattern and a breakout above the Relative Strength Index (RSI) downtrend line as indicators of Bitcoin’s bullish momentum. He notes that this pattern…
A renowned crypto trader, DonAlt, has issued a warning to investors, predicting the imminent collapse of memecoins. Memecoin Collapse DonAlt believes that memecoins, such as those featuring dog or cat motifs, are on the verge of a massive sell-off. He warns that these projects could experience a “giga rug” (a large-scale scam). Specific Targets DonAlt…
A crypto analyst, Rekt Capital, believes Bitcoin (BTC) has escaped the risk of a market correction. Post-Halving Danger Zone Over Rekt Capital explained that Bitcoin has exited the “danger zone,” a three-week period after a halving event where a price dip below the current range low is possible. He believes the correction bottom has likely…
Understanding what drives Bitcoin’s price is crucial for investors. Cryptocurrency expert Ali Martinez has shed light on this by using the basic economic principles of supply and demand. Supply and Demand Basics Like any asset, Bitcoin’s price is influenced by the relationship between supply and demand. When supply exceeds demand, prices tend to fall. Conversely,…
Crypto analyst Crypto Jebb has spotted an inverse head and shoulders pattern on the Bitcoin chart, signaling a potential surge in price. The Pattern and Its Implications The inverse head and shoulders pattern suggests that Bitcoin could break out and reach $70,000. The pattern’s target price is $75,000, indicating a new all-time high. Likelihood of…
The Quiet and Trending Phase Bitcoin has been facing a lot of selling pressure lately, with over 1.5 million BTC being sold. But despite this, the price has only dropped by about 20%. This shows that Bitcoin has strong support levels. Volatility: Not Always a Bad Thing Bitcoin’s volatility has been decreasing lately. This is…
Crypto Surge Amid Re-election Speculation Former President Donald Trump has become a crypto millionaire, thanks to a 4,000% surge in his cryptocurrency portfolio. This windfall is largely driven by the meteoric rise of the “Save America” meme coin, dubbed “TRUMP.” From Humble Beginnings to Crypto Dominance Trump’s crypto journey started modestly with $142,500 worth of…
