Indictment and Charges Kalien Frazier, a California resident, has been indicted by the US Attorney’s Office for the Eastern District of Pennsylvania. He faces six counts of wire fraud and one count of aggravated identity theft. Employee’s Actions As a customer service representative at an unnamed FDIC-insured bank, Frazier allegedly: Collected sensitive customer data, including…
A Boston hedge fund has snapped up $363 million worth of Bitcoin exchange-traded funds (ETFs). Holdings Breakdown According to Bloomberg analyst Eric Balchunas, Bracebridge Capital owns: $262 million in ARK 21Shares Bitcoin ETF (ARKB) $81 million in BlackRock’s iShares Bitcoin Trust (IBIT) $20 million in Grayscale Bitcoin Trust ETF (GBTC) Bracebridge’s Investments Bracebridge manages around…
Cryptocurrency expert Michaël van de Poppe believes Bitcoin is at a critical juncture, facing a choice between a surge to new highs or a significant sell-off. Bitcoin’s Key Support According to van de Poppe, Bitcoin must hold its current support level of $60,500 to maintain its momentum towards all-time highs. If this support breaks, he…
Crypto analyst Inmortal predicts a second wave of the bull market, with Bitcoin (BTC) mirroring a 2020 pattern before a significant surge. Bitcoin’s Bullish Outlook Despite a bearish market appearance, Inmortal believes Bitcoin remains within a trading range and is poised for a breakout. He advises holding positions as the market prepares for a surge….
Analyst’s Insight CryptoCon, a crypto analyst, has identified a crucial price point for Bitcoin: $57,938. He believes a drop to this level could be beneficial for Bitcoin’s long-term growth. Why $57,938 Matters This price represents the 20-week Exponential Moving Average (EMA). A decline to this level would provide a “boredom and sideways price action” that…
Ric Edelman, a financial expert with $291 billion under management, predicts that Bitcoin will reach a staggering $420,000. Here’s why: Reasons for the Surge Edelman believes that a modest global allocation of just 1% of assets to Bitcoin could result in a market cap of $7.4 trillion. This would drive the price up significantly. Advantages…
Cramer’s Bold Claim CNBC’s Jim Cramer has made waves by saying that Bitcoin is a better investment than MicroStrategy stock. Despite MicroStrategy’s impressive 85% gain this year, Cramer thinks Bitcoin’s 125% rise is more promising. MicroStrategy’s Bitcoin Love MicroStrategy remains a strong supporter of Bitcoin. CEO Michael Saylor is a huge fan and has personally…
Miners Feeling the Pinch Bitcoin has been hovering above $60,000, but miners’ recent actions could shake things up. The halving, which reduced the block reward by half, has put miners in a tight spot. Revenue Drop and Increased Pressure Miners rely on rewards and transaction fees for income. The halving has slashed their revenue, and…
SEC Classification Conundrum The Securities and Exchange Commission (SEC) views Ethereum (ETH) as a security, not a commodity. This distinction is crucial because commodity ETFs are easier to approve than security ETFs. Slim Chances of Approval Bloomberg analysts believe the SEC’s recent inquiries about whether Ethereum ETF proposals qualify as commodities indicate that the SEC…
Background: Vitalik Buterin’s SHIB Burn In 2021, Ethereum co-founder Vitalik Buterin burned 410 trillion SHIB tokens, sparking a surge in the token’s value. This act was seen as a sign of his belief in the project and a gesture of decentralization. K9 Finance’s Burn Inspired by Buterin’s burn, K9 Finance, a liquid staking platform for…
