One of the largest investment banks in the world will pay over half a million dollars for failing to adequately monitor trading activities – including instances of potential market manipulation. The Financial Industry Regulatory Authority’s (FINRA) Department of Enforcement says that between February 2009 and April 2023, Goldman Sachs neglected to include warrants, rights, units …
Monthly archives: February 2024
New York Attorney General Triples the Size of Genesis and Digital Currency Group’s Alleged Fraud in New Amended Complaint
In a newly amended complaint, New York State Attorney General (AG) Letitia James alleges that investment giant Digital Currency Group (DCG) and its affiliate Genesis defrauded some 230,000 investors out of more than $3 billion. James first launched the lawsuit in October 2023, alleging that DCG, the crypto exchange Gemini and the bankrupt lending firm …
$201,000,000,000 Piled Onto US National Debt in One Month As Black Swan Author Warns America Facing Financial ‘Death Spiral’
Black Swan author Nassim Taleb says at this point, it will take a miracle for the US government to avoid falling into a deadly debt spiral. Taleb’s warnings come as another $201 billion was added to the US national debt in just one month. According to new data from the Treasury, the US national debt …
Next stage of web3 evolution will be underpinned by zero knowledge tech
While the blockchain industry has correctly pointed out key issues in the worlds of legacy tech, finance, art, and culture, the revolution promised is yet to materialize, with the tools being designed to address those challenges are not yet at the required standard. Technical inefficiencies have stifled the development of truly decentralized systems, and decentralized …
Continue reading “Next stage of web3 evolution will be underpinned by zero knowledge tech”
Analyst Michaël van de Poppe Predicts One Ethereum Rival Will Skyrocket by Over 130%, Updates Outlook on Bitcoin
A widely followed crypto analyst believes that an Ethereum (ETH) competitor is one resistance level away from more than doubling its value. Crypto strategist Michaël van de Poppe tells his 692,500 followers on the social media platform X that Polkadot (DOT) could surge more than 135% from its current value if it takes out its …
Bitcoin Pre-Halving Rally Phase Is Just Getting Started, According to Crypto Analyst – Here’s His Outlook
A widely followed crypto analyst believes that Bitcoin (BTC) is just starting a pre-halving phase and may follow a historical pattern for the next two months. Pseudonymous crypto trader Rekt Capital tells his 396,800 followers on the social media platform X that Bitcoin could dip weeks ahead of the April halving event after putting up …
Trader Says Altcoin That’s Exploded Over 90% in Four Days To Go Way Higher, Updates Outlook on Bitcoin
A newly launched crypto asset possesses more upside potential, according to a widely followed analyst and trader. The trader pseudonymously known as Altcoin Sherpa tells his 206,900 followers on the social media platform X that he expects the native token of modular blockchain Dymension (DYM) to “go way higher”. Modular blockchains are decentralized networks that …
OpenAI’s Sam Altman seeking $7 trillion to solve the global chip shortage issue – WSJ
Tech entrepreneur Sam Altman is reportedly looking to raise between $5 trillion and $7 trillion to help fund the production of microchips to increase availability for AI and machine learning, the Wall Street Journal reported on Feb. 8. The funding would be used to establish factories or fund existing chip manufacturing companies, with OpenAI only …
Bitcoin on the Cusp of an Impulsive Move to the Upside, According to Top Analyst – Here Are His Targets
A widely followed cryptocurrency analyst believes that Bitcoin (BTC) is on the verge of rallying to a level last seen in December 2021. The analyst pseudonymously known as Bluntz tells his 239,400 followers on the social media platform X that Bitcoin appears to be in the midst of a wave-three surge. The analyst practices the Elliott …
OpenAI’s Sam Altman seeking $7T to solve the global chip shortage issue
Tech entrepreneur Sam Altman is reportedly looking to raise between $5 trillion and $7 trillion to help fund the production of microchips to increase availability for AI and machine learning, the Wall Street Journal reported on Feb. 8. The funding would be used to establish factories or fund existing chip manufacturing companies, with OpenAI only …
Continue reading “OpenAI’s Sam Altman seeking $7T to solve the global chip shortage issue”
Rich Dad Poor Dad Author Predicts Banking Collapse and Global Economic Crash, Says He’s Betting on Bitcoin
Best-selling finance author Robert Kiyosaki is warning of an economic collapse as he makes his top investment picks to survive the financial crisis. The Rich Dad Poor Dad author tells his 2.5 million followers on the social media platform X that he believes the Fed’s tightening will lead to a recession and more banks will …
Can Bitcoin Overcome Past Trends? Examining The Pre-Halving Rally And Resistance Levels
Bitcoin (BTC), the largest cryptocurrency in the market by trading volume and capitalization, has embarked on a renewed bullish uptrend, reclaiming previously lost territories and surpassing resistance levels, igniting optimism among investors. Currently trading just below its 25-month high of $49,000 at $47,900, Bitcoin has experienced a remarkable price increase of over 6% within 24 …
Betting Big On Ethereum: Options Traders Target $4,000 Mark Amid Market Optimism
Ethereum (ETH) is showing a noteworthy pattern in the options market. According to data from Deribit, a leading platform for crypto futures and options trading, there’s a significant concentration of call options for ETH around the $4,000 strike price for both the June and September expiries. Options Traders Anticipate $4,000 Ethereum This accumulation of ETH …
Continue reading “Betting Big On Ethereum: Options Traders Target $4,000 Mark Amid Market Optimism”
XRP Ledger (XRPL) Token Market Cap Surged 47% In Q4 To $169M: What Caused The Surge?
A recent report by Messari sheds light on the state of the XRP Ledger (XRPL) and its notable performance during the fourth quarter (Q4) of 2023. The report highlights significant milestones, including its native token market capitalization, distribution, burning mechanism, price movement, legal battle, and network activity. Distribution Of 4 Billion XRP Contributes To Market …
Finance Expert Drops Grim Prediction For US Economy, Says Bitcoin Is The ‘Parachute’
The United States economy and where it might be headed has been a hot topic of debate among finance experts, with some recommending Bitcoin as a safe haven. One of those who has continued to tout BTC as the answer is renowned finance author Robert Kiyosaki, who has made a gloomy prediction for the US …