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A former JPMorgan Chase employee, Roberto Garcia, has been accused of stealing thousands of dollars from both customers and the bank itself. ATM Heist Garcia, who worked as a personal banker and ATM custodian in Miami, Florida, admitted to taking $12,732 from ATMs. The bank discovered the missing cash after conducting an audit in September…
The world of decentralized finance (DeFi) and non-fungible tokens (NFTs) saw some rough times in August, according to data from DappRadar. DeFi Takes a Hit The total value locked (TVL) in DeFi, which basically measures how much money is invested in DeFi projects, dropped by 14% in August. This decline is partly due to the…
The Dogecoin Foundation is giving us a sneak peek at their plan to make Dogecoin (DOGE) even bigger and better. They’ve released a “trail map” that shows off their progress so far and what they’re aiming for in the future. What’s on the Map? The Dogecoin Foundation has already made a lot of progress on…
Robinhood, the popular trading app, has agreed to pay $3.9 million to California to settle a lawsuit alleging it blocked users from withdrawing their cryptocurrency. The California Department of Justice (DOJ) investigated Robinhood and found that the company was breaking the law by: Not delivering crypto assets to customers after selling them. Forcing customers to…
Bitcoin is struggling to maintain its recent gains, with experts pointing to a decline in demand as the main culprit. Demand is Drying Up CryptoQuant’s head of research, Julio Moreno, has been tracking the situation closely. He says that various market indicators are showing a weakening demand for Bitcoin, with the 30-day sum of demand…
The Fed’s Interest Rate Cut: A Potential Catalyst for Bitcoin? With the Federal Reserve (Fed) getting ready to cut interest rates, everyone’s talking about what this could mean for Bitcoin. One crypto expert, Apsk32, thinks Bitcoin might act like it did back in 2019 after the Fed cut rates then. A Peek into the Past:…
Short-Term Holders Feeling the Heat Bitcoin’s recent price drop has been tough on people who bought Bitcoin recently. A report by Glassnode, a crypto data company, shows that many of these short-term holders are now losing money. What’s Happening? Short-term holders are losing money: They bought Bitcoin when the price was higher, and now it’s…
Ethereum has been taking a beating lately, but some analysts think it’s about to bounce back in a big way. Oversold and Ready to Fly? One crypto analyst, Titan of Crypto, says Ethereum is in “oversold territory.” This means it’s been dropping for a while and could be due for a rebound. Historically, Ethereum has…
The US government is losing a ton of money to fraud, according to a new report. The Government Accountability Office (GAO) says the feds are losing somewhere between $233 billion and $521 billion each year. How Did They Figure That Out? The GAO looked at data from 2018 to 2022 and used a fancy statistical…
Hold onto your hats, folks, because some early Bitcoin investors are making a killing! A Bitcoin address that hadn’t been touched since 2012 just woke up and moved $1.8 million worth of Bitcoin. That’s a whopping 487,122% profit! This lucky investor bought the Bitcoin for less than $12 back in the day. This isn’t the…
