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Bitcoin had a rough start to October, dipping below $60,000. This was likely due to tensions in the Middle East. However, the coin has bounced back, trading above $62,000. Liquidations: A Sign of Hope? Analysts are pointing to a recent wave of liquidations in the Bitcoin futures market as a positive sign. Liquidations happen when…
Bitcoin’s big players are acting differently this time around. They’re not cashing out as much as they usually do during bull markets, which has some people wondering what’s going on. Whales Are Holding Back on Profits According to CryptoQuant founder Ki Young Ju, Bitcoin whales are taking much smaller profits than they have in previous…
David Carmona, the mastermind behind a cryptocurrency Ponzi scheme called IcomTech, is going to jail for 10 years. How the Scam Worked Carmona and his crew started IcomTech in 2018, pretending it was a legit crypto mining and trading company. They promised investors big returns on their investments, saying they could double their money in…
Shiba Inu (SHIB) has been on a roll lately, gaining over 5% in the past day and leaving Dogecoin (DOGE) in the dust. Why Shiba Inu Is Winning Whale Power: Big investors, known as whales, are buying up SHIB like crazy. They’ve been piling on for the past week, and the number of SHIB they’re…
The founders of Tornado Cash, a cryptocurrency mixing service, are facing serious accusations of helping criminals launder money. The US Department of Justice (DOJ) claims they helped launder over $1 billion, including money stolen by notorious hackers like the Lazarus Group from North Korea. The DOJ’s Case Against Tornado Cash The DOJ argues that Tornado…
Good News for Bitcoin Bitcoin took a tumble last week, dropping below $60,000. But things are looking up! The crypto market has bounced back in the last day, fueled by positive news from the US economy. Jobs Report: A Positive Sign The US Bureau of Labor Statistics released its latest jobs report, showing a surprising…
Ethereum has been taking a hit lately, dropping over 10% in the past week. This follows a general downturn in the crypto market, fueled by things like the situation in the Middle East and investors pulling out of risky investments. While Ethereum has bounced back a little in the last day, there’s still a lot…
A woman in Atlanta is out $17,900 after falling victim to a scam involving both JPMorgan Chase and Wells Fargo. The Scam Marina Camplone received a call from someone claiming to be a Chase fraud representative. The scammer used the same phone number printed on the back of her debit card, making the call seem…
The US national debt just hit a new record, climbing over $800 billion in just three months. That’s a lot of money! Debt Spiral Threatens Americans Fidelity Investments, a giant financial firm, is sounding the alarm. They say this massive debt is a serious threat to our economy and our future. They’re worried that the…
Crypto analyst Justin Bennett thinks Bitcoin could skyrocket to $70,000, but only if it can break through a few key levels first. A Potential Path to $70,000 Bennett says if Bitcoin can climb back above $63,000-$64,000, it could be on its way to $70,000. He explains that this would mean overcoming a lot of “short”…
