In the last market cycle, altcoin and Bitcoin pairs capitulated in June 2019, just before the United States Federal Reserve cut interest rates. The chart pattern for this cycle is identical, and if history rhymes, a similar final flush out of altcoins may be imminent before this month’s Fed rate decision on June 12. However, […]
All eyes are on Wednesday, June 12, which is the date of the U.S. central bank’s policy decision on interest rates. However, the Federal Reserve is likely to keep interest rates unchanged this week, following strong jobs data for May. Policymakers are almost certain to keep rates at the 5.25% to 5.5% range for a […]
[PRESS RELEASE – Singapore, Singapore, June 10th, 2024] Lucky Catoshi has introduced a distinctive meme coin project that offers more than 1% of its token supply to users through social media interactions. By simply tweeting, participants can win 1% or more of Lucky Catoshi’s token supply via their “luck machine,” presenting a novel approach to […]
TL;DR BRETT, a frog-themed meme coin, has surged nearly 400% in the past month, reaching a market cap of $1.7 billion. Analysts and ChatGPT believe it could surpass PEPE if current trends continue. BRETT’s Chances The cryptocurrency market jumped in the middle of the week, with the meme coin sector significantly contributing to that uptrend. […]
As it keeps happening during the past several weekends, bitcoin’s price action is quite dull and the asset has failed to make a big move out of its $69,300 position. The landscape with the altcoins is quite different, though, as many of them are in the red on a daily and even on a weekly […]
The US Department of Justice (DoJ) indicted Bill Guan, the chief financial officer of Epoch Times, on Tuesday. The DOJ alleges that Guan was involved in an international scheme to launder around $67 million of illicit funds using cryptocurrency. The Scam From 2020 to May 2024, Bill Guan engaged in a large-scale international money laundering […]
On June 5, Coinbase CEO Brian Armstrong reported that one million people have joined ‘Stand With Crypto’ as advocates for the industry, adding, “That’s a lot of voters!” He continued to state that 600,000 of these advocates joined after a Whitehouse veto threat, “and thousands mobilized around the back-to-back historic, bipartisan wins in the House […]
Core Scientific, a top player in North America’s digital infrastructure industry, has announced a strategic partnership involving a series of long-term contracts extending over 12 years with CoreWeave, an AI Hyperscaler. Under the agreement, Core Scientific will supply approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing (HPC) operations. Core Scientific Ventures into AI […]
TL;DR Ripple and the SEC have been in a significant dispute involving key witness testimony from Andrea Fox. The entities have also clashed over the sealing of certain financial documents, with the regulator viewing this data as critical to the case. The Clash Over Key Testimony The infamous legal battle between Ripple and the US […]
New York Attorney General Letitia James has filed a lawsuit against NovaTechFx, a crypto trading company, and AWS Mining, a digital asset mining company. The lawsuit alleges their involvement in illegal pyramid schemes that defrauded over 11,000 individuals and hundreds of thousands of investors, resulting in losses exceeding a billion dollars in cryptocurrency. $1 Billion […]