A Brazilian cryptocurrency Ponzi scheme, Braiscompany, has resulted in lengthy prison sentences for its masterminds. The scheme defrauded investors out of a staggering $190 million. The Sentences The ringleader, Joel Ferreira de Souza, received a 128-year sentence. Two accomplices, Gesana Rayane Silva and Victor Augusto Veronez de Souza, were sentenced to 28 and 15 years,…
The SEC has given the go-ahead for a new exchange-traded fund (ETF) focused on the crypto sector, developed by investment firm VanEck. This ETF, called the “Onchain Economy ETF,” will be a game-changer for investors looking for exposure to the digital asset space. What’s in the ETF? Managed by VanEck’s head of digital assets research,…
Bitcoin’s recently entered oversold territory, but don’t get too excited. One analyst, Dr. Cat, argues this is actually a bearish signal, not a bullish one, contrary to popular belief. Why Oversold Doesn’t Always Mean Bullish Dr. Cat explains that while oversold conditions might seem like a buying opportunity, the context is crucial. Oscillators, which measure…
Michael Saylor, a huge Bitcoin fan and the chairman of Strategy, sent a cryptic tweet that’s got the crypto world buzzing. His simple message, “Bitcoin is Calling,” has everyone wondering if another massive Bitcoin purchase is on the horizon. Strategy’s Bitcoin Buying Spree Continues Strategy recently bought another 3,450 Bitcoin for $285 million. This follows…
Will XRP ETFs trigger a massive price jump for XRP? Let’s explore the possibility. The ETF Effect: A “Giant Vacuum Cleaner” for XRP A crypto analyst, known as “Good Morning Crypto,” suggests that XRP ETFs could act like “giant vacuum cleaners,” sucking up XRP from the market. Every ETF investment removes XRP from circulation, reducing…
IOG, the company behind Cardano, wants to secure $13.4 million to fund a year-long research program. They say this is crucial for Cardano to stay competitive in the long run. The Funding Request The proposal, called “Cardano Vision – Work Program 2025,” aims to fund 56 full-time researchers and their work. This includes research into…
eXch, a cryptocurrency exchange, announced it’s closing its doors on May 1st. The reason? They’re facing serious heat from law enforcement over allegations of money laundering. Accusations of Laundering Millions eXch is accused of helping North Korea’s Lazarus Group launder roughly $35 million. This money was part of a massive $1.4 billion heist from Bybit,…
Dogecoin Updates Things are heating up in the Dogecoin world! A big development is the launch of a Dogecoin ETP (Exchange Traded Product) in Europe, backed by the official Dogecoin Foundation. This is a first for them! They’re also working on a Dogecoin ETF (Exchange Traded Fund) in the US, joining other companies trying to…
Lyn Alden, a well-known macroeconomics expert, is predicting a positive outlook for Bitcoin (BTC) in the coming months. However, she also cautions about potential risks. A Positive Outlook, With Conditions Alden recently stated that she expects Bitcoin to continue its upward trend for another year or two. She believes the fundamentals currently look strong. However,…
Swissblock, a crypto analytics firm, is predicting a bullish future for Bitcoin (BTC). They believe the current bearish trend is weakening. A Bullish Breakout? According to Swissblock, Bitcoin has broken out of a bearish pattern, entering a price zone that historically suggests upward momentum. Even a small dip shouldn’t derail this, they claim. A Perfect…
