A recent survey by the Bank for International Settlements (BIS) reveals that 94% of central banks are investigating the creation of their own digital currencies (CBDCs). Wholesale vs. Retail CBDCs The BIS survey found that most central banks are exploring both retail and wholesale CBDCs. Retail CBDCs are designed for everyday transactions by individuals, while…
Investigation Uncovers Undisclosed Risks New York Attorney General Letitia James has reached a $50 million settlement with cryptocurrency exchange Gemini over allegations of fraud. The settlement aims to recover assets for investors who were allegedly defrauded through Gemini’s Earn program. The investigation found that Gemini knew about the risks associated with its partner, Genesis, but…
Analysts Predict Bitcoin’s Rise Bernstein analysts Gautam Chhugani and Mahika Sapra have updated their Bitcoin price targets, predicting a surge to $200,000 by 2025 and $1 million by 2033. Factors Driving Bitcoin’s Growth Institutional Demand: The launch of Spot Bitcoin ETFs is expected to increase demand, leading to a shortage of available Bitcoin. Bitcoin Halvings:…
Bitcoin has been struggling lately, with its price dropping by 4.65% in the past week. But analyst Ali Martinez says there’s a specific support zone that Bitcoin needs to hold if it wants to avoid further losses. Martinez’s Analysis Martinez used a chart called the UTXO Realized Price Distribution (URPD) to analyze Bitcoin’s price. The…
Lil Pump’s Memecoin Adventure Rapper Lil Pump has joined the memecoin craze, launching his own Solana-based token called “lil pump.” He’s been promoting it heavily on social media, even getting a “Solana” forehead tattoo. Pump and Dump Fears However, investors are cautious. Celebrity-backed memecoins have a history of crashing after the initial hype. Projects promoted…
Crypto Experts Predict Dogecoin ETF Launch Crypto experts Arthur Hayes and Raoul Pal believe a Dogecoin Exchange-Traded Fund (ETF) is on the way as meme coins gain popularity. Hayes predicts an ETF by the end of the market cycle due to Dogecoin’s growth, market cap, and cultural impact. Pal agrees, citing his advocacy with VanEck’s…
Victims Compensated New York Attorney General Letitia James has reached a $50 million settlement with crypto exchange Gemini. This settlement aims to compensate victims who lost money in Gemini’s Earn program. Over 230,000 investors, including 29,000 New Yorkers, were misled into investing in Earn, a program run with Genesis Global Capital. James accused Gemini of…
Price Action Bitcoin (BTC) has fallen below its 1-day Simple Moving Average (SMA), a technical indicator that suggests a potential downtrend. This move signals increased bearish sentiment and volatility in the market. Market Sentiment On the 4-hour chart, BTC is trading below its 100-day SMA and attempting to test the $64,515 support level. The Composite…
Allegations A class-action lawsuit has been filed against JPMorgan Chase, accusing the bank of illegally sharing sensitive customer information with Facebook. The complaint alleges that Chase installed a Facebook tracking pixel on its website that collected and transmitted social security numbers, names, birthdates, phone numbers, addresses, and financial information from customers who applied for credit…
A savvy crypto trader has raked in a massive profit after a Solana-based memecoin, Beercoin (BEER), skyrocketed over 1,200% in just three weeks. Pre-Sale Participant Pockets $1.3 Million According to blockchain tracking firm Lookonchain, a pre-sale participant in BEER has made a staggering $1.3 million in profit. The trader invested $50,000 in the pre-sale and…
