Ex-Banker’s Fraud Scheme Rashawn Russell, a former investment banker, has been sentenced to 41 months in federal prison for his role in a cryptocurrency fraud scheme that resulted in $1.5 million in investor losses. The Scheme Russell targeted friends, former classmates, and co-workers, promising them high returns on investments in his R3 Crypto Fund. He…
Hackers have unleashed a revamped version of the Grandoreiro banking trojan, targeting over 1,500 banks and their customers in 60 countries. How the Malware Works The malware sends email notices that appear to be urgent government requests for payments. Clicking the link in the email downloads a malicious file that interacts with banking apps, facilitating…
Cryptocurrency analyst Altcoin Sherpa predicts two memecoins, Pepe (PEPE) and PepeCoin (PEPECOIN), are set to soar in the coming months. Pepe and PepeCoin According to Sherpa, both coins may experience a slight dip in the short term before rebounding. He suggests that Pepe could retest support at $0.00001084, while PepeCoin may face resistance at $5.50….
A popular trader claims that new retail investors are shunning the crypto market. However, he believes a significant event could entice them. Bitcoin’s Six-Figure Milestone According to the trader, known as The Flow Horse, Bitcoin (BTC) must reach six figures before new retail investors flock to the market. He argues that memecoins, despite their hype,…
Guy Turner, host of the popular Coin Bureau channel, believes Sui (SUI) has significant long-term potential. Reasons for Optimism According to Turner, Sui has several factors that make it appealing to retail investors: Low price point, offering the illusion of large gains Relatively small market cap, allowing for easier price movement Accessibility on major exchanges…
Confidence on the Rise Crypto investors are showing renewed faith in Bitcoin, as evidenced by a surge in accumulation by large-scale investors. Despite Bitcoin’s recent price struggles, investors remain optimistic about its long-term prospects. Bitcoin Leaves Exchanges Crypto analyst Ali Martinez reports a significant outflow of Bitcoin from centralized exchanges. Over $2.5 billion worth of…
Bitcoin’s big players, the “sharks” and “whales,” have been quietly accumulating the cryptocurrency despite its recent lackluster performance. Whales and Sharks Buy 154,560 BTC in 5 Months According to Santiment, a crypto analytics firm, Bitcoin wallets holding at least 10 BTC have added 154,560 BTC to their holdings in the past five months. This is…
Unlicensed Exchanges Ordered to Close Hong Kong, a major financial hub, has tightened regulations for cryptocurrency exchanges. The Securities and Futures Commission (SFC) has given unlicensed businesses until May 31st to close or leave the region. This move aims to protect investors from scams and fraud. Stricter Licensing Requirements The SFC has implemented a licensing…
Bearish Sentiment: A Blessing in Disguise? Despite Dogecoin’s recent price surge, on-chain data shows investors are still pessimistic. This bearish sentiment, however, could be a sign of future gains. Historical Precedent The last time Dogecoin’s sentiment was this negative was in February, which preceded a 200% price increase. Historically, investor fear has often been a…
Biden’s Reasons for Veto Vetoed H.J. Res.109, which sought to repeal the SEC’s SAB 121. Argued that repealing SAB 121 would weaken the SEC’s ability to regulate crypto. Believes the rule protects investors from potential risks associated with crypto. SAB 121: A Controversial Rule SAB 121 requires financial institutions to list cryptocurrencies on their balance…
