JPMorgan Chase, Bank of America and Wells Fargo are boosting their financial defenses, preparing for customers to increasingly lose the ability to pay their bills. In their new Q2 2024 reports, the banks say they’re significantly increasing the amount of capital they’re holding to cover potential losses from credit card and loan insolvencies – collectively …
Monthly archives: July 2024
Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means
Crypto investor Chris Burniske says that Ethereum (ETH) could have a surprise rally this cycle if one key event takes place. The former head of crypto at ARK Invest tells his 292,200 followers on the social media platform X that traditional finance (TradFi) may suddenly rush into Ethereum for the project’s fundamentals, sparking a massive …
Tyler Winklevoss accuses Biden-Harris of avoiding crypto critics
In a long X post on Saturday, Gemini crypto exchange co-founder Tyler Winklevoss accused the current White House Administration of unwillingness to engage with the crypto community. Tyler wrote that in June, he and his twin Cameron were disinvited from a crypto round table in Washington that was supposed to have the White House in …
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Is crypto-AI the investment opportunity of the cycle?
The following is a guest post from Tim Haldorsson, CEO of Lunar Strategy. Over the first half of this year, one thing has become obvious: AI and crypto are combining to create powerful technologies. By integrating on-chain tools, builders are creating smarter, more secure, and more efficient ways to support AI tasks, verify data, and …
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RFK Jr. Pledges to Ensure US Government Holds 4 Million Bitcoins as Strategic Reserve if Elected President
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised significant bitcoin-related changes if elected. On day one of his presidency, he plans to transfer 200,000 bitcoins to the U.S. Treasury and mandate the government to purchase 550 bitcoins daily until a strategic reserve of 4 million bitcoins is reached. He also pledged to …
Bitcoin Peaks at $69,404 as Short Liquidations Surpass $27M
The price of bitcoin (BTC) increased by 1.9% over the past day, peaking at an intraday high of $69,404 around 9 a.m. EDT on Saturday. Over the last week, BTC has climbed by 3.1% and has risen 16.8% over the past two weeks. Bitcoin’s Upward Momentum: Key Stats and Market Impact Bitcoin is gaining momentum …
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US Spot Bitcoin ETFs See $51.66M Inflows as Grayscale’s GBTC Deals With Outflows
Unlike the U.S. spot ether exchange-traded funds (ETFs), the spot bitcoin ETF equivalents experienced inflows during Friday’s trading session, totaling $51.66 million. Four funds recorded inflows, while Grayscale’s Bitcoin Trust (GBTC) saw an outflow of $26.55 million. Spot Bitcoin ETFs Garner $51.66M Grayscale’s spot ether ETF, ETHE, and its spot bitcoin ETF, GBTC, have been …
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US Ether ETFs See Negative Flows as Grayscale Offloads $356.26M
U.S. spot ethereum exchange-traded funds (ETFs) experienced negative inflows once again, driven by Grayscale’s Ethereum Trust (ETHE) offloading a substantial $356.26 million on Friday. To date, ETHE has recorded more than $1.5 billion in cumulative outflows. Grayscale’s Ethereum Trust Sheds $1.5B in 4 Trading Sessions The spot ether ETFs have been impacted by Grayscale’s Ethereum …
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3 Days to Go in Viral WienerAI Presale as Analysts Predict 10x Gains
With just three days remaining until its presale ends, the viral WienerAI ($WAI) token has already raised over $8 million. Now, as the countdown begins, a new flood of investors is pouring in, hoping to grab $WAI tokens at a discount before the imminent DEX listing. With bullish movements in both the AI sector and …
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Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack
Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining 45% will be converted to USDT-equivalent tokens and locked. “The fastest way to open the platform …
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Weekly NFT Sales Rise to $108.59 Million, Up 7.59%
Over the past week, non-fungible token (NFT) sales experienced a 7.59% rise, with $108.59 million in transactions finalized during the last seven days. Ethereum topped NFT sales for the week, generating $32.59 million, a 5.95% increase. NFT Market Gains Modest Momentum This Week Solana followed as the second leading blockchain, with NFT sales totaling $27.33 …
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7,640,112 Customers Hit By Massive Bank Breach – Exposing Names, Social Security Numbers, Locations and Bank Account Numbers
A US bank says more than seven million people are affected by a major hack and data breach that’s impacting multiple financial firms and their customers. A new data breach notice at the Office of the Maine Attorney General shows a total of 7,640,112 customers at Evolve Bank & Trust have had their sensitive data …
Analyst Issues Crypto Alert, Says One Catalyst Could Trigger an ‘Aggressive Move Down’ for Altcoins
A widely followed cryptocurrency analyst and trader is issuing a warning on altcoins. The analyst pseudonymously known as Credible Crypto tells his 404,000 followers on the social media platform X that it is within the realm of possibility for Bitcoin (BTC) to fall by around 22% from the current level. According to the analyst, a …
Trader Says One Large-Cap Memecoin Primed To Go Up by Over 275% in Months, Updates Outlook on Bitcoin and XRP
A widely followed cryptocurrency analyst is saying he’s bullish on a leading memecoin as he shares his outlook on two other digital assets. Pseudonymous trader Altcoin Sherpa tells his 219,000 followers on the social media platform X that over the next six to 12 months, Dogecoin (DOGE) could hit a price of over $0.50, representing …
Base Dawgz Surges Past $2.7M Presale Milestone As Base Chain Ventures Into Political Arena
The presale for the new meme coin Base Dawgz ($DAWGZ) has hit another major milestone, pulling in $2.7 million in total funds raised in its […] Go to Source