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Hidden Risks of Lesser-Known Coins South Korean investors in the cryptocurrency market are reeling from the news that a whopping 70% of closed crypto exchanges have left their customers high and dry. Unlike their international counterparts, Korean investors often venture into riskier, lesser-known cryptocurrencies. The Grim Reality The report reveals that many defunct exchanges simply…
Jobs Report Enigma A confusing US jobs report initially boosted Bitcoin’s value, but a surprising rise in unemployment dampened the mood. The mixed signals raised concerns about a “growth-stagflation” scenario, where economic growth coexists with high unemployment and inflation. This uncertainty spooked investors and led to a sell-off in Bitcoin. Central Bank Confusion The European…
Bullish Inverse Head and Shoulders Pattern Despite recent price dips, Dogecoin has formed a bullish inverse head and shoulders pattern, indicating a potential rally. This pattern often precedes significant price increases. Ordinals on the Rise Ordinals have gained popularity on the Dogecoin network, similar to their counterparts on Bitcoin. The MyDogeWallet team has announced support…
Employee Misappropriates Customer Information A former Wells Fargo employee, Bathia Greene, has been banned from the banking industry by a US regulator for allegedly selling confidential customer information. The breach resulted in fraudulent transactions totaling $688,000. Greene worked as an associate operations processor at Wells Fargo’s lockbox facility in Philadelphia. Between October 2021 and January…
Whale activity has surged in several cryptocurrencies, including Cardano (ADA), Shiba Inu (SHIB), and Jasmy (JASMY), according to analytics firm Santiment. Whale Activity Spikes Santiment reports that the number of transactions worth over $100,000 in these networks has more than doubled compared to average levels in 2024. This indicates that whales are accumulating these assets….
Data Collection Concerns In March, Spanish regulators ordered Worldcoin to stop collecting data due to complaints about its invasive data-gathering process. Worldcoin claimed it complied with all Spanish laws and planned to take legal action. User Survey Worldcoin conducted a survey of 21,000 Spanish users and found that 87% support its return. The survey also…
Binance, the world’s largest crypto exchange, has added io.net (IO) to its Launchpool platform. IO is a Solana-based decentralized artificial intelligence (AI) computing network. Farming IO Tokens Users can stake BNB and FDUSD in separate pools to earn IO tokens from June 7th to June 11th. IO will be listed on June 11th. Enterprise-Grade Computing…
After hitting $71,000, Bitcoin has been stuck in limbo. But what’s next? Crypto analyst Alan Santana has some insights. Bitcoin’s Bullish Run Coming to an End? Santana believes Bitcoin’s bullish trend, which started in November 2022, is nearing its end. Bullish waves typically last around a year, and Bitcoin’s has been going for 16 months….
Why Is Bitcoin Stuck Below $100k? Despite recent developments like Bitcoin ETFs, the highly anticipated surge to $100,000 remains elusive. Here’s why: Long-Term Holders Selling: Investors who have held Bitcoin for over two years are selling, reducing the supply and putting downward pressure on the price. Impact of Halving Not Yet Felt: The recent halving…
Global Liquidity: The Key Indicator According to Philip Swift, founder of LookIntoBitcoin, global liquidity has reached an all-time high of $94 trillion, approaching $100 trillion. Swift believes this is a crucial indicator for Bitcoin’s potential growth in this bull run. Bitcoin’s Inevitable Rise Swift suggests that Bitcoin’s rise is inevitable as long as global liquidity…
