Tether, the company behind the USDT stablecoin, is actively involved in shaping new US laws for cryptocurrencies pegged to the dollar. Tether’s Proactive Approach Paolo Ardoino, Tether’s CEO, is reportedly working closely with US government officials to influence upcoming stablecoin regulations. He’s stated that Tether intends to provide input on proposed bills and will comply…
Senator Ron Wyden, the top Democrat on the Senate Finance Committee, is investigating Dan Morehead, founder of Pantera Capital, a major cryptocurrency investment firm, over potential tax violations. Puerto Rico Tax Break Under Scrutiny The investigation centers around Morehead’s move to Puerto Rico in 2020 and subsequent massive capital gains. The Senator’s letter alleges that…
A Texas cleaning service owner is accusing JPMorgan Chase of refusing to reimburse her after $80,000 vanished from her business account. Hacked Facebook, Emptied Account Marisel Ballard, owner of Trustworthy Cleaning Service, says hackers accessed her Facebook account, which was linked to her JPMorgan Chase business account. The thieves used this access to make unauthorized…
Bitcoin’s price has been pretty flat lately, only dipping slightly (0.37%). It’s stuck in a tight range between $95,000 and $98,000, leaving traders wondering what’s next. A Crypto Analyst’s Prediction Crypto analyst Cryptododo7 has weighed in on Bitcoin’s short-term future, pointing out some key price levels. Bitcoin hit a record high of $109,114 earlier this…
Bitcoin’s price has been bouncing around between $95,000 and $98,600 lately, but some worrying signs are emerging. Could a big price drop be on the horizon? A Billion Dollars Flowing Into Exchanges Last week saw a massive $1.4 billion influx of Bitcoin into cryptocurrency exchanges. This is a significant shift, wiping out the outflows seen…
A Las Vegas businessman is in hot water for allegedly running a massive cryptocurrency Ponzi scheme. Brent C. Kovar faces serious charges and a potential life sentence. The Scheme Kovar allegedly ran a company called Profit Connect, promising investors huge returns (15-30% APR!) on their cryptocurrency investments, even guaranteeing 100% cashback. He used slick marketing…
A crypto analyst, Gert van Lagen, is predicting a huge price jump for Bitcoin. He thinks we’re about to see a massive surge. Two Bullish Chart Patterns Van Lagen’s prediction is based on two chart patterns: Bullish Megaphone (Broadening Wedge): This pattern shows higher highs and lower lows over time, widening like a megaphone. It…
Bitcoin’s been stuck in a rut lately, especially on weekends. While Friday night saw a promising jump, it’s back to its usual weekend sluggishness. This has put Bitcoin in a tight price range between $97,000 and $98,000. Key Price Levels to Watch Crypto analyst Ali Martinez highlighted some interesting on-chain data showing Bitcoin trapped between…
Warren Buffett’s Berkshire Hathaway made some major investment changes in the final quarter of 2024. The company significantly reduced its holdings in one giant, while adding big positions in others. Bank of America Sell-Off Berkshire Hathaway dumped a massive $5.5 billion worth of Bank of America stock, selling off 117.4 million shares. This leaves Berkshire…
A memecoin briefly backed by Argentinian President Javier Milei spectacularly crashed, leaving insiders with a massive $107 million profit. The Libra Coin Debacle Milei initially tweeted support for LIBRA, a new cryptocurrency supposedly designed to boost Argentina’s economy. He later deleted the tweet and distanced himself from the project, stating he wasn’t aware of the…
