Allegations of Interest Rate Rigging Eight major financial institutions, including JPMorgan Chase and Bank of America, have agreed to pay $70 million to settle a decade-long lawsuit alleging widespread fraud and collusion. The whistleblower, Edelweiss Fund LLC, accused the banks of inflating interest rates on municipal bonds to generate millions in illicit profits. The bonds,…
Hackers who stole millions of dollars from the Heco Bridge have been laundering their ill-gotten gains through Tornado Cash, a crypto mixer. Laundering Millions Blockchain security firm PeckShield reports that the hackers have transferred over $145 million worth of Ethereum (ETH) to Tornado Cash in the past eight days. Heco Bridge Heist In November, hackers…
New Deadline: May 30, 2024 The SEC has pushed back the deadline for its decision on Grayscale’s Ethereum Futures ETF. The original deadline was March 31, but it has been extended to May 30. Reasons for the Delay: The SEC says it needs more time to review the proposed rule change and the issues it…
As Sam Bankman-Fried, the former head of FTX, prepares for his prison sentence, the US government has requested permission to sell two jets linked to him. Prosecutors Seek Jet Sale Prosecutors have asked the court to authorize the sale of two luxury jets, a Bombardier Global 5000 and an Embraer Legacy. They argue that selling…
Ethereum’s network has been buzzing with activity lately, with more people using it and more transactions happening every day. But despite this, the price of Ethereum (ETH) has been going down. Surge in Network Activity More activity on a network usually means more demand, which is good for the price. And Ethereum has seen a…
Despite a strong start to the month, Ethereum’s price has struggled to hold its ground. Concerns over regulation have added to the bearish sentiment surrounding the cryptocurrency. Ethereum Flowing to Exchanges Data from CryptoQuant reveals that over $913 million worth of Ethereum has been transferred to centralized exchanges in March. This is the highest monthly…
Crypto analyst Rekt Capital warns that Ethereum (ETH) could face a value collapse if it fails to hold a crucial level. Key Support Level According to Rekt Capital, ETH needs to maintain support around $3,342. If it fails to do so, it could drop further to $2,700. Historical Precedence The analyst points to historical data…
Crypto analyst Inmortal predicts that Floki (FLOKI), a rival to Shiba Inu (SHIB), will be a major player in the current bull market. Key Project Announcements Floki has announced several significant developments: Partnership with the World Table Tennis Championship, reaching an audience of 450 million viewers. Release of a project roadmap that includes a regulated…
A respected crypto analyst who correctly predicted the bottom of Bitcoin’s 2018 price crash believes that Dogecoin (DOGE) is poised for a major rally. Dogecoin (DOGE) According to the analyst, known as Bluntz, DOGE has completed a three-wave correction and is now ready to surge higher against both the US dollar and Bitcoin. Bluntz believes…
Cryptocurrency analyst Kevin Svenson predicts that Bitcoin (BTC) is on the verge of a wild ride. Volatility to Skyrocket According to Svenson, Bitcoin is about to enter the fourth stage of a parabolic curve pattern. This stage typically precedes a breakout to a higher level, known as the “sell point” or correction zone. “If we…
