Google is taking legal action against two Chinese nationals, Yunfeng Sun and Hongnam Cheung, for allegedly using fake Android apps to scam victims out of tens of thousands of dollars in digital assets. Social Engineering and Fake Apps The scammers lured victims through text messages, pretending to be from wrong numbers but later striking up…
SEC Commissioner Hester Peirce has criticized the agency for its poor engagement with the public. Limited Interactions Peirce stated that individuals and organizations seeking feedback or addressing concerns often face silence from the SEC. She noted that “productive interactions are fewer and further between than they were in the past.” Discouraging Staff Engagement Peirce believes…
Crypto analyst PlanB believes Bitcoin will reach $100,000 this year, despite the current market dip. Reasons for Optimism Stock-to-Flow Indicator: PlanB uses this indicator to suggest that $100,000 is just the starting point, with an average price of $500,000 possible. High Demand: PlanB argues that Bitcoin’s limited supply and growing demand will drive up its…
Despite a recent dip from its peak of $74,000, analysts are encouraging investors to remain calm and view it as a buying opportunity. Historical Parallels Some analysts draw parallels between the current market conditions and the Bitcoin bull run of 2020. During that time, a retracement preceded a surge that pushed Bitcoin to new highs….
Bitcoin’s on-chain data reveals that “accumulation addresses” have been making significant purchases of the cryptocurrency this month. Accumulation Addresses: A Closer Look Accumulation addresses are wallets belonging to long-term Bitcoin holders (HODLers). To qualify as an accumulation address, a wallet must: Have no outgoing transactions, indicating only incoming purchases Have received at least two inflow…
Ripple’s Entry into the Stablecoin Market Ripple, the payment company, is jumping into the stablecoin market with its own digital currency pegged to the US dollar. This move puts Ripple in direct competition with stablecoin giants like Tether and Circle. Why Ripple is Launching a Stablecoin Ripple’s CEO says the company decided to launch a…
Case Adjourned Binance’s financial crime compliance head, Tigran Gambaryan, has had his tax evasion case postponed until April 19. This came after his first court appearance, where he was charged with non-payment of taxes and aiding customers in tax evasion. Delay Due to Lack of Notice The prosecution explained that they couldn’t serve Gambaryan the…
Morgan Stanley and UBS Join the Competition After the approval of spot Bitcoin ETFs in the US, institutional interest in crypto has skyrocketed. Morgan Stanley and UBS are now vying to be the first to offer these products to their clients. Morgan Stanley’s Salty Response According to crypto commentator Andrew from Arch Public, Morgan Stanley…
Crypto analyst TechDev believes Bitcoin (BTC) is on the cusp of a significant surge based on several technical indicators. Wyckoff Accumulation Schematic According to TechDev, the Wyckoff accumulation schematic, which predicts price movements, is currently in Phase E, indicating a period of price increases. Gaussian Channel The Gaussian channel, a momentum indicator, suggests that Bitcoin…
Analyst Rekt Capital has issued a warning about Bitcoin (BTC), citing the recent price pullback and the upcoming halving event. Danger Zone According to Rekt Capital, Bitcoin is currently in a “danger zone” ahead of the halving, which is scheduled to occur in two weeks. This zone ranges from $73,800 to the mid-$60,000s. Potential Pullback…
