An 81-year-old woman, Gladys Baxley, lost her entire life savings to a Social Security scam. She received a call from someone claiming to be from the Social Security Administration, who told her her Social Security number was compromised. Fake Certificate and Large Transfers The caller sent Baxley a fake certificate claiming to be from the…
A Binance executive, Tigran Gambaryan, has been released from prison in Nigeria after spending seven months behind bars. The Nigerian government dropped all money laundering charges against him, leaving Binance as the sole defendant in the case. A Sudden Turnaround The judge in the case, Emeka Nwite, ordered Gambaryan’s release just two days before his…
Ripple co-founder Chris Larsen is throwing his weight behind Vice President Kamala Harris in the upcoming US presidential election. He’s pledging a whopping $10 million worth of XRP, Ripple’s cryptocurrency, to support her campaign. Larsen says he believes Harris will be the best leader to drive American tech innovation, including crypto, to dominate the world….
Bitcoin’s recent price action has some analysts worried. After a failed attempt to break through a key resistance level, things are looking a bit bearish. A Bearish Pattern Emerges One analyst, RLinda, has identified a bearish engulfing pattern on the daily chart. This pattern, where a new candle completely swallows the previous day’s candle, is…
Bitcoin has been on a roll since early September, climbing over 30% from its low point. However, after hitting a high of around $69,500, it’s facing some selling pressure. Despite this, Bitcoin is holding strong above a crucial level of $66,000, which will determine its next move. Bitcoin Buyers Are Gaining Strength New data from…
A Binance executive, Tigran Gambaryan, has been released from detention in Nigeria after all charges against him were dropped. The Economic and Financial Crimes Commission (EFCC) withdrew the case against Gambaryan in a court session on October 23rd. Gambaryan, who is the chief of financial crime compliance at Binance and a US citizen, was accused…
Ethereum, the biggest platform for smart contracts, is getting better at handling lots of transactions. But it’s not doing it in a way that everyone agrees with. To handle all the traffic, Ethereum is using off-chain solutions called “roll-ups” to process transactions faster. This has led to a boom in Layer-2 platforms, like Arbitrum and…
Bitcoin has been on a rollercoaster ride lately, but it’s generally been heading upwards. Experts are now wondering if we’re about to see a big jump in price, or if investors will start taking profits. A Key Indicator: The Profitability Index A recent analysis by CryptoQuant shows that the Bitcoin Average Profitability Index is currently…
The cryptocurrency world is buzzing about a recent statement by Michael Saylor, CEO of MicroStrategy, regarding Bitcoin custody. Saylor, a well-known Bitcoin advocate, suggested that large banks should hold Bitcoin instead of individuals. This sparked a fiery debate, with many in the crypto community strongly disagreeing with his stance. Saylor’s Controversial Idea Saylor argued that…
Seasoned trader Peter Brandt is bullish on Bitcoin (BTC) and two other cryptocurrencies: Ethereum (ETH) and Solana (SOL). Bitcoin: Still in Consolidation, But Showing Strength Brandt believes Bitcoin is still consolidating, meaning it’s trading within a range. However, he sees signs of strength. He shared a chart suggesting Bitcoin has broken above a resistance level….
