Monthly archives: August 2023

European lending giant BNP Paribas is currently in talks with US regulators to settle probes over its employees’ use of messaging applications that may have violated rules on record keeping. According to the bank’s latest earnings report, BNP Paribas Securities Corp, the firm’s US-registered broker-dealer, is being investigated by the U.S. Securities and Exchange Commission …

Continue reading “Billion-Dollar Bank Facing US Government Investigation For Allegedly Dodging Rules on Record Keeping”

A widely followed crypto strategist says a short squeeze could materialize for an altcoin project that just suffered a $41 million hack. Pseudonymous analyst Credible Crypto tells his 343,200 Twitter followers that Curve (CRV) is experiencing a massive amount of short interest. However, the analyst says that if the native token on the decentralized finance …

Continue reading “Short Squeeze In Sight for DeFi Altcoin That Suffered $41 Million Exploit, According to Crypto Analyst”

Economists from Goldman Sachs predict that AI investment could account for up to 4% of GDP in the United States by 2025. News Join us on social networks Artificial intelligence could eventually have a bigger financial impact on the American economy than electricity and personal computers, according to economists at investment banking giant Goldman Sachs. …

Continue reading “AI boom to beat electricity and PCs, $200B investment by 2025: Goldman Sachs”

Litecoin has completed its much-anticipated halving event today, but it seems the investors have reacted by participating in a selloff. Litecoin Has Completed Its Third Halving, Block Rewards Now Down To 6.25 LTC The “halving” event is where LTC’s block rewards are permanently cut in half. This event is periodic, occurring approximately every four years …

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Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, has recently suggested that Bitcoin’s (BTC) underperformance compared to the stock market may be a warning sign for investors.  BTC’s Failure To Outshine In A Bull Market McGlone notes that Bitcoin has declined compared to the Nasdaq 100 stock index since its 2021 peak and April bounce. …

Continue reading “Why Isn’t Bitcoin Outperforming Most Risk Assets? A Market Conundrum”

Bitcoin price is nowhere near setting new all-time highs, but an important long-term price average is doing so, day after day, month after month. What is this moving average being referenced, and what does it setting new highs potentially mean? The 50-month moving average at the highest point ever| BTCUSD on TradingView.com Meet The Moving …

Continue reading “This Long-Term Bitcoin Price Average Is Setting ATHs”

KuCoin, one of the world’s largest cryptocurrency exchanges, has temporarily halted its KuCoin Pool service, effective August 15, 2023, until further notice. The move is part of KuCoin’s business strategy and aims to ensure the security and integrity of users’ assets. KuCoin Urges Users To Backup Mining Records During the suspension, users will retain complete access …

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Binance’s utility coin BNB has posted significant gains, surprising investors as the broader crypto market slumps. Bitcoin and Ethereum, including most altcoins, have gone on recess while BNB surges amid rapid expansion plans on the Binance ecosystem. BNB’s spike on Tuesday, August 1, hinged on Binance’s announcement about the asset’s debut in the Japanese market …

Continue reading “BNB Nears $250 Level As Market Suffers Volatility; What’s Driving It?”