November 9, 20240 Comments

Anatoly Yakovenko Discusses What Next For Solana & Competition With Ethereum L2s

In a recent interview, Anatoly Yakovenko, Solana’s founder, spoke to the unique position this ecosystem holds in the blockchain landscape, using its implementation against L2 scaling solutions and other Layer 1 blockchain systems. Previously he raised questions about the vitality of the Ethereum ecosystem without the contributions from Base, a Layer 2 solution. This query comes amidst observing the metrics of growth shown by Base, particularly in user activities and

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November 9, 20240 Comments

Wells Fargo Refuses To Reimburse Customer After $15,000 Drained From Account in Sophisticated Scam: Report

An Omaha grandmother is fighting for reimbursement from Wells Fargo after her savings were drained by someone claiming to work at the bank. Arlene Gibbs says she received worrying text messages telling her that three of her accounts had been compromised and that further action was required, reports the NBC-affiliated news station WOWT. Gibbs says the messages, which came from Wells Fargo’s phone number and purported to be from the bank’s

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November 9, 20240 Comments

Bitcoin Cracks $77,000 After US Federal Reserve Votes To Cut Interest Rates Again

Bitcoin (BTC) cracked $77,000 and set another new all-time high on Friday, one day after the U.S. Federal Reserve opted to lower interest rates again. The Federal Open Market Committee (FOMC) voted this week to lower the Fed’s policy interest rate by one-fourth of a percentage point, following September’s 50 basis-point cut. Fed Chair Jerome Powell noted at a press conference on Thursday that inflation has dropped from a peak

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November 9, 20240 Comments

5 Factors That Could Drive XRP Price to $1,000

The crypto market experienced an accelerated bullish momentum in November as Donald Trump won the 47th presidential election in the United States. As Bitcoin price spiked to new high, most major altcoins offered fresh breakouts with investors’ hopes surged for a new bull run. XRP, one of the most prominent cryptocurrencies, has long been a subject of debate regarding its price potential. While $1,000 may seem ambitious, certain factors drive

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November 9, 20240 Comments

Why There Could Be Another 25 Bps Cut This Year

Federal Reserve officials are preparing for the second Fed rate cut next week, in response to a steady decline in the inflationary pressures that previously contributed to widespread frustration among Americans and factored into Donald Trump’s presidential win. However, the Fed’s future policy decisions are now uncertain after the election, as Trump’s economic plans have been criticized for fueling inflation. The appointment also raises questions about political influence on the

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November 9, 20240 Comments

Bank of America Bracing for $800,000,000 Loss As Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Refusal To Reimburse Customers

The second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 billion due to investigations from the Consumer Financial Protection Bureau (CFPB) and other federal regulators. “The Corporation has been responding to an inquiry from

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November 9, 20240 Comments

Crypto Firm CEO Kidnapped in Toronto, Held for Ransom and Then Freed After $1,000,000 Payment: Report

The chief executive of a crypto firm was reportedly kidnapped in Toronto and only freed after a $1 million ransom was paid. According to a new report by the Canadian Broadcasting Corporation (CBC), Dean Skurka, the CEO of crypto financial services firm WonderFi was kidnapped in downtown Toronto earlier this week and only released after a $1 million payment was made electronically. A spokesperson with the Toronto Police Service says

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November 9, 20240 Comments

Can The Dogecoin Price Reach $3 As Golden Cross Looms?

The Dogecoin price is currently enjoying a bull run, especially considering its gains over the past few weeks. This has led to discussions on how high the meme coin could rise in this market cycle, with $3 a possibility. However, crypto analyst Kevin Capital has explained why a rally to $3 is very unlikely. Can The Dogecoin Price Reach $3 In an X post, Kevin Capital opined that it is

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November 9, 20240 Comments

TROY Price Surges 20%: What’s Fueling the Rally?

TROY price has surged significantly over the past 24 hours, capturing investor interest as it rides a strong uptrend. Over the last week, TROY has shown consecutive daily gains, reaching new highs in line with a broader crypto market rally. Investors closely monitor TROY’s performance, eager to see if this positive trend will continue amidst the larger cryptocurrency surge. TROY Price Surges 20%: What’s Behind the Sudden Spike? TROY price

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November 9, 20240 Comments

Michael Saylor Reacts Bullishly to Tom Lee’s $100,000 2024 Bitcoin Prediction By U.Today

U.Today – Michael Saylor, co-founder of the MicroStrategy giant and a vocal evangelist, has shared an extract from the recent appearance Tom Lee made on CNBC’s Squawk Box show. Fundstrat’s co-founder and head of research made a bullish Bitcoin price prediction, expecting BTC to reach a “six-figure” level this year. Tom Lee’s bullish Bitcoin outlook and Saylor’s response Tom Lee told the CNBC show hosts that Bitcoin is “potentially a

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