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Monthly archives: August 2023
JPMorgan Chase Issues Market Update, Says One Stock Could Soar 116%: Report
JPMorgan Chase just issued an update on the firm’s financial outlook. In a new note to clients, global investment strategist Madison Faller says JPMorgan has a “glass half-full” view after a month-long stock market dip, reports the financial technology firm TipRanks. “In any given year, there are good things and bad things that impact the …
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Cardano (ADA) Likely Entering ‘The Depression Phase’, According to Analyst Benjamin Cowen
A widely followed crypto analyst says that smart contract platform Cardano (ADA) is likely entering into a “depression” phase that could see its price dip significantly. In a new strategy session, crypto analyst Benjamin Cowen tells his 786,000 YouTube subscribers that the Ethereum (ETH) competitor will likely go into a deeper correction period and reach …
Friend.tech pronounced ‘dead’ after activity and fees tank
Buyers, sellers, inflows and transactions have all taken significant dives on the Friend.tech platform after its launch just over two weeks ago, prompting some critics to herald its death. News Join us on social networks Less than three weeks after its launch, the decentralized social network Friend.tech has already been declared “dead” by critics, following …
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Worldcoin Meltdown: 50% Crash Caused By Mounting Data Privacy Paranoia
The Worldcoin cryptocurrency project, led by Sam Altman, the brains behind ChatGPT, is facing increased scrutiny from regulators worldwide. The project’s use of eye-ball scanning orbs for user enrollment has raised concerns about potential violations of data protection laws. The unique method of collecting biometric data without clear consent has prompted discussions on legality and …
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Toncoin Up Over 8% In The Last Week – How Far Can It Climb?
In the rapidly evolving world of cryptocurrencies, Toncoin (TON) has recently emerged as a focal point of discussion due to its notable price surge of over 8% within the past week. This increase has ignited renewed interest in cryptocurrency and sparked inquiries regarding the coin’s potential for sustained growth in the foreseeable future. At the …
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PEPE Price Spikes 10% Following Community Address On Rumored Rug Pull
The value of PEPE, one of the most promising assets in the second quarter of 2023, has been faltering in recent weeks. According to CoinGecko data, the meme coin has been in a 33.6% price decline in the last 14 days. The PEPE price took a significant hit in the past week, tumbling by more …
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PEPE Whale Exits After Making Over 54,000x Gain And $1.73 Million In Profit
One of PEPE’s early adopters is officially out after making over $1.7 million in profit, translating to a 54,725x gain in less than six months. In a tweet shared by Lookonchain on August 26, the meme coin trader bought 1.69 trillion tokens, spending roughly $36, minutes after the project was launched in late April 2023. …
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OnlyFans’ parent company bought $20M of Ethereum as revenue surged
Fenix International, the parent company of OnlyFans purchased the cryptocurrency between 2021 and 2022. News Join us on social networks The parent company of subscription platform OnlyFans has become the latest firm to reveal its cryptocurrency holdings, showing it invested nearly $20 million into Ether (ETH) in 2022. According to an Aug. 24 financial filing …
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While Friend.tech booms, decentralized social has a retention problem — Execs
Decentralized social network Friend.tech may be booming right now, but execs say decentralized social media apps still have an onboarding and retention issue to fix. Interview Join us on social networks Despite the recent hype around riend.tech, some decentralized social networks are still having a tough time getting users to sign up and stay on …
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Balancer exploited in nearly $900k after vulnerability warning
DeFi protocol Balancer was exploited just a few days after disclosing a vulnerability affecting its boosted pools. News Join us on social networks Ethereum automated market maker and decentralized finance protocol Balancer was exploited for nearly $900,000, the protocol confirmed on X (formerly Twitter) on Aug. 27, just days after disclosing a vulnerability that affected …
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Decentralized social networks have a retention problem, say execs
Decentralized social network Friend.tech may have been booming, but execs argue decentralized social media apps still have an onboarding and retention issue to fix. Interview Join us on social networks Despite the recent bloom of the decentralized social media app Friend.tech, executives from the industry argue there’s still much more work to be done — …
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Stablecoin settlements were on par with payments giant Visa during 2022
Stablecoins are making significant waves in the payments sphere, primarily as a vehicle for non-speculative transactions, according to a new report by European hedge fund Brevan Howard. In 2022, the stablecoin market settled an eye-watering value of over $11 trillion, drawing parallels to payments giant Visa’s annual figure of $11.6 trillion and overshadowing the numbers …
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Wells Fargo Pays $35,000,000 Fine for Allegedly Overcharging Millions of Dollars to Customers
Wells Fargo is dishing out tens of millions of dollars to settle allegations that the banking giant charged its customers excessive fees for investment advice. In a new press release, the U.S. Securities and Exchange Commission (SEC) claims that Wells Fargo collected an additional $26.8 million in advisory fees after overcharging more than 10,900 customers. …
Trader Who Rode 2023 Crypto Rally Warns of Fake Bitcoin Breakout if ETF Gets Approved – Here’s His Outlook
A trader who caught the crypto rally earlier this year is warning that Bitcoin bulls could be victims of a trap if a spot-based BTC exchange-traded fund (ETF) gets the green light from regulators. In a recent strategy session, pseudonymous analyst DonAlt tells his 53,000 YouTube subscribers that sellers will likely see the approval of …