The crypto market was pretty quiet last week, with Bitcoin and Ethereum struggling to gain any ground. Solana was also stuck in the doldrums. But things changed on Friday, October 11th, when Bitcoin broke through $62,000 and Solana jumped back above $140. Apple Rumors Ignite Solana’s Bullish Sentiment What sparked this sudden surge? Well, rumors…
A German man accused of running a massive crypto scam has disappeared, leaving behind a trail of missing money and angry investors. The Case of the Missing Crypto King Horst Jicha, a German national, was facing trial in Brooklyn for allegedly orchestrating a $150 million crypto fraud scheme. He was supposed to appear in court…
Arkham Intelligence, a blockchain data company backed by OpenAI founder Sam Altman, is getting ready to launch a new crypto derivatives exchange next month. A New Exchange for Retail Investors The exchange will be located in Punta Cana, Dominican Republic, and will be aimed at retail investors. However, US investors won’t be able to use…
Market chaos is good news for hedge funds. The stock market has been on a roller coaster ride lately, thanks to a lot of uncertainty. The Federal Reserve is trying to control inflation, but it’s causing a lot of ups and downs. Hedge funds, which are known for their ability to profit in volatile markets,…
A woman named Maddie had a wild night out and was shocked to find her Chase bank account had been wiped out. Not only that, but her balance was in the negative by a whopping $49,999,999,697! A Viral TikTok Story Maddie’s friend, Gabe Flores, shared her story on TikTok, showing videos of her drained account…
The SEC is taking action against Cumberland, a major crypto trading firm, for allegedly operating as an unregistered securities dealer. The agency claims Cumberland has been buying and selling crypto assets that qualify as securities since 2018, generating over $2 billion in transactions. SEC’s Claims The SEC alleges that Cumberland, which boasts of being a…
Tezos founder Josh Jarrett and his wife are going head-to-head with the IRS once more, this time over how the agency treats staked XTZ tokens. The Argument: Staked Tokens Shouldn’t Be Taxed Until Sold The Jarretts argue that new tokens earned through staking should only be considered taxable income when they are sold. They believe…
Bitcoin is back above $62,000, and that’s got crypto folks excited. Analysts are saying the bull market isn’t over yet, and there’s a lot of good news for Bitcoin holders. Why Analysts Think the Bull Run Continues Crypto analyst Crypto Dan sees a lot of similarities between Bitcoin’s current movement and past bull runs. He…
A well-known trader, Peter Brandt, is raising concerns about Bitcoin’s future. He thinks the cryptocurrency could be in for a major crash, potentially dropping by 75%. Why a Crash Could Be Coming Brandt points to a historical pattern in Bitcoin’s price movements. He noticed that whenever Bitcoin fails to reach a new all-time high within…
Bitcoin is currently hanging on by a thread, just above a key support level. Any small dip could trigger a huge wave of selling, sending the price crashing down. Big Money Moving: Data from Santiment, a company that tracks Bitcoin activity, shows that over 30,000 Bitcoins, worth around $1.83 billion, have been moved to crypto…
