The Business & Technology Network
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A trader who continues to build a following with macro crypto calls thinks that top memecoin Dogecoin (DOGE) is about to ignite steep rallies. Pseudonymous analyst TechDev tells his 467,500 followers on the social media platform X that Dogecoin appears to be mirroring a pattern witnessed during the 2020 cycle. The trader shares a chart suggesting that DOGE appears to be in the process of...
A closely followed crypto strategist believes Bitcoin (BTC) is finally carving a bottom after a six-month correction. Analyst Jason Pizzino tells his 112,300 followers on the social media platform X that he’s keeping an eye on the Fear and Greed Index, which tracks crypto market sentiment over time. Pizzino says that the index has been oscillating between extreme fear and neutral as of late,...
Top global crypto exchange Binance is planning on launching trading support for the new cat-themed native token of a gaming bot built on the Telegram mini-app platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 59th project will be Catizen (CATI), a cat-themed social entertainment experience on Telegram. Explains the project, “As a revolutionary gaming bot,...
Big Four accounting firm Deloitte says the net worth of mega-rich families is expected to explode by trillions of dollars in the coming years. In its Private’s Family Office Insight Series, Deloitte projects ultra-rich families who manage their wealth through private offices will grow their fortunes from $5.5 trillion today to $9.5 trillion in 2030. Dr. Rebecca Gooch, Deloitte Private’s global...
One relatively new decentralized exchange (DEX) is gaining momentum despite the bearish conditions in the crypto segment, according to the digital asset analytics firm IntoTheBlock. The firm notes the total market cap of major DEX tokens currently sits at $26.6 billion. “After a brief rise earlier this year, the market has cooled down, wiping out any YTD (year-to-date) gains.” IntoTheBlock notes...
Former President Donald Trump is announcing the launch date of World Liberty Financial, his new decentralized finance (DeFi) crypto project. In a new video update posted on the social media platform X, the Republican presidential nominee says that his DeFi platform – which he previously stated is for helping those disenfranchised by the traditional banking system – will launch on Monday,...
The crypto exchange Kraken has officially requested a jury trial in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Last November, the SEC charged Kraken with operating its crypto trading platform as an unregistered securities exchange, broker, dealer and clearing agency. Earlier this year, Kraken filed in US District Court to dismiss those charges, positing that...
Banking giant JPMorgan Chase is accused of knowingly enabling an alleged Ponzi scheme targeting retail investors. Plaintiff David Stapleton alleges the bank boosted an obvious fraudulent scheme orchestrated by Sanjeev Acharya, the CEO of Silicon Sage Builders, which resulted in significant financial losses for investors. Stapleton says Acharya raised more than $119 million from 250 investors for...
A widely followed crypto analyst believes Bitcoin (BTC) could soar by triple digits before the cycle ends. Crypto trader Michaël van de Poppe tells his 724,700 followers on the social media platform X that Bitcoin could increase by up to 890% from its current value if investors choose the flagship digital asset as a hedge against geopolitical tensions, banking instability and currency debasement...
Customers at a billion-dollar bank say they’re shocked after a worthless trip to the ATM. More than a dozen people received fake $100 bills marked “for motion picture purposes” and “in props we trust” when they visited an Independence Bank ATM in Providence, Kentucky, reports the NBC-affiliated news station WFIE. Among the victims is Tiffany Vaugh, who withdrew $400 in $100 bills and realized...