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The FBI has seized millions of dollars worth of cryptocurrency from scammers in Southeast Asia who were targeting American citizens. Crypto Confidence Schemes: How They Work These scammers use a variety of tactics to lure their victims, including: Dating apps: They build trust with their victims through online dating before suggesting “investment opportunities.” Text messages:…
A fake crypto wallet app on the Google Play Store has been caught stealing tens of thousands of dollars from unsuspecting users. The app, downloaded a whopping 10,000 times, was disguised as a legitimate app associated with WalletConnect, a popular protocol for connecting crypto wallets to online apps. The Scam: The fake app, cleverly named…
Bitcoin is looking strong and many analysts believe it’s about to surge past its all-time high. With a lot of money flowing into the cryptocurrency and its recent price performance, everyone’s expecting a big jump in the coming months. The $100,000 Goal The big target for investors is $100,000, which would put Bitcoin into six-figure…
Mark Zuckerberg’s big bet on the metaverse has been a rollercoaster ride. After losing billions, he’s now seeing a huge payoff. His net worth has skyrocketed to over $200 billion, making him the fourth richest person in the world. The Metaverse: A Rollercoaster Ride The rise in Meta’s stock price, which has gone up by…
The US Department of Justice (DOJ) is taking on Visa, accusing the payment giant of illegally controlling the debit card market. Visa’s Grip on Debit Cards The DOJ claims Visa’s dominance is stifling competition and innovation in the debit card industry. They say Visa’s control over more than half of US debit card transactions allows…
Goldman Sachs, a big name in banking, thinks the US dollar is going to weaken. Why? Because the Federal Reserve (the US central bank) is cutting interest rates. Lower Rates, Weaker Dollar? Lower interest rates make it less attractive to hold US dollars, so Goldman Sachs expects the dollar to lose value against other major…
A well-known crypto analyst, known as Bluntz, is predicting big things for Pepe (PEPE), a memecoin based on the popular internet frog. He believes PEPE could more than double in price, reaching a new all-time high of $0.22. Why Pepe? Bluntz, who has a massive following on social media, compares his crypto investments to a…
Coinbase, the popular US crypto exchange, has added EigenLayer (EIGEN) to its listing roadmap. This means that the exchange is considering listing the project, which aims to provide restaking services for Ethereum (ETH) stakers. What is EigenLayer? EigenLayer allows users who have staked their ETH to “rehypothecate” their coins. This means they can use their…
Bitcoin started the year strong, hitting a new all-time high in the first quarter. But things cooled down in the summer months, with Bitcoin trading sideways. September was expected to be a downer for Bitcoin, but instead, it saw a nice 10% gain! A Green September, A Bullish Future? Crypto analyst Ali Martinez noticed a…
Bitcoin has been on a roll lately, hitting prices not seen since July. But some experts are worried that this rally might not last. Why Bitcoin’s Rally Could Be Short-Lived One analyst, known as Wenry, has pointed out some concerning signs: Lack of Retail Interest: Retail investors in Korea and the US, who usually play…
