Jim Cramer Expects SEC to ‘Do a Roundup’ of Uncompliant Crypto Firms — Urges Investors to Get Out of Crypto Now
The host of Mad Money, Jim Cramer, says he expects the U.S. Securities and Exchange Commission (SEC) to do a roundup of crypto firms that are not compliant with regulation. Expecting the SEC “to sweep everything,” Cramer urges investors to “get out” of crypto now.
Jim Cramer’s Latest Crypto WarningsThe host of CNBC’s Mad Money show, Jim Cramer, is back with more warnings for crypto investors. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.
The host of Mad Money, Jim Cramer, says he expects the U.S. Securities and Exchange Commission (SEC) to do a roundup of crypto firms that are not compliant with regulation. Expecting the SEC “to sweep everything,” Cramer urges investors to “get out” of crypto now.
Jim Cramer’s Latest Crypto WarningsThe host of CNBC’s Mad Money show, Jim Cramer, is back with more warnings for crypto investors. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.
Mastercard Taps Polygon to Empower Emerging Artists in Web3 Tech
Mastercard, the payments giant, has partnered with Polygon, an Ethereum scaling platform, to introduce emerging artists into Web3 technology. Mastercard’s artist accelerator, as the program is called, will teach five different emerging artists, including singers, musicians, DJs, and producers, to use blockchain tools to grow their brand and fan engagement.
Mastercard Partners With Polygon to Teach Web3Traditional finance companies are now seeking to harness the power of blockchain for a myriad of activities in different fields. Mastercard, one of the biggest payments companies, has partnered with Polygon, an Ethereum scaling platform, to introduce five different emerging artists to the possibilities that Web3 tech can bring to their activities.
The Mastercard artist accelerator program will use the Polygon network to teach the selected artists how to perform a series of activities that will allow them to cut the middleman, mint their own NFT (non-fungible tokens) collections to grow their online fan engagement, and be present in metaverse-based concerts, among others.
Mastercard, the payments giant, has partnered with Polygon, an Ethereum scaling platform, to introduce emerging artists into Web3 technology. Mastercard’s artist accelerator, as the program is called, will teach five different emerging artists, including singers, musicians, DJs, and producers, to use blockchain tools to grow their brand and fan engagement.
Mastercard Partners With Polygon to Teach Web3Traditional finance companies are now seeking to harness the power of blockchain for a myriad of activities in different fields. Mastercard, one of the biggest payments companies, has partnered with Polygon, an Ethereum scaling platform, to introduce five different emerging artists to the possibilities that Web3 tech can bring to their activities.
The Mastercard artist accelerator program will use the Polygon network to teach the selected artists how to perform a series of activities that will allow them to cut the middleman, mint their own NFT (non-fungible tokens) collections to grow their online fan engagement, and be present in metaverse-based concerts, among others.
Moody’s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks
The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will likely force the affected financial institutions to similarly delay paying back their own forex-denominated debts.
Nigeria’s Declining Oil RevenuesNigeria’s perennial shortage of foreign exchange may likely result in the country’s central bank failing to repay domestic lenders on time, the rating agency Moody’s Investors Service has said. As reported by Bloomberg, the Central Bank of Nigeria (CBN) owes the West African nation’s so-called rated commercial lenders about $10.4 billion which the bank received in the form of swaps and forwards.
According to Moody’s analysts that include Mik Kabeya and Lynn Merhi, the anticipated central bank debt repayment delay may similarly force the affected banks to delay settling their own offshore obligations.
The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will likely force the affected financial institutions to similarly delay paying back their own forex-denominated debts.
Nigeria’s Declining Oil RevenuesNigeria’s perennial shortage of foreign exchange may likely result in the country’s central bank failing to repay domestic lenders on time, the rating agency Moody’s Investors Service has said. As reported by Bloomberg, the Central Bank of Nigeria (CBN) owes the West African nation’s so-called rated commercial lenders about $10.4 billion which the bank received in the form of swaps and forwards.
According to Moody’s analysts that include Mik Kabeya and Lynn Merhi, the anticipated central bank debt repayment delay may similarly force the affected banks to delay settling their own offshore obligations.
Classic Parade Introduces New Crypto Payment System
Last year, a company called Classic Parade announced it was going to let crypto fans rent their classic cars using crypto. Now, the company is taking things a step further by introducing a brand new digital currency payment system.
Classic Parade Continues Its Crypto JourneyBased in the United Kingdom, Classic Parade offers a wide array of classic and luxury vehicles individuals can rent. Andrew Brown – the founder and owner of Classic Parade – explained in a recent interview:
Our clientele are international and want to be able to pay to rent our supercars without the hassle and cost of exchange rates and transfer fees. Many of our clientele have significant holdings in cryptocurrency, and so it makes sense to offer this option for them. The transactions are immediate, and we can also take the deposits in crypto as well, and then it’s easy to return the deposit after the rental has expired as well… We [need] to go through the usual identity checks needed to hire a vehicle, but these are easy to process, and it becomes much easier with every repeat transaction. This way, we can also provide adequate ‘know your customer’ checks. One of Classic Parade’s most popular cars for summer rentals is the Lamborghini Huracan Spyder, which costs £1,100 a day to rent or 1.21 ETH or 0.064 BTC. We are expecting a great deal of interest from crypto investors in the next few months to rent out our incredible supercars. Many investors are relatively young and want to show their wealth, and so the interest in supercars is very strong for this market.
Last year, a company called Classic Parade announced it was going to let crypto fans rent their classic cars using crypto. Now, the company is taking things a step further by introducing a brand new digital currency payment system.
Classic Parade Continues Its Crypto JourneyBased in the United Kingdom, Classic Parade offers a wide array of classic and luxury vehicles individuals can rent. Andrew Brown – the founder and owner of Classic Parade – explained in a recent interview:
Our clientele are international and want to be able to pay to rent our supercars without the hassle and cost of exchange rates and transfer fees. Many of our clientele have significant holdings in cryptocurrency, and so it makes sense to offer this option for them. The transactions are immediate, and we can also take the deposits in crypto as well, and then it’s easy to return the deposit after the rental has expired as well… We [need] to go through the usual identity checks needed to hire a vehicle, but these are easy to process, and it becomes much easier with every repeat transaction. This way, we can also provide adequate ‘know your customer’ checks. One of Classic Parade’s most popular cars for summer rentals is the Lamborghini Huracan Spyder, which costs £1,100 a day to rent or 1.21 ETH or 0.064 BTC. We are expecting a great deal of interest from crypto investors in the next few months to rent out our incredible supercars. Many investors are relatively young and want to show their wealth, and so the interest in supercars is very strong for this market.
Under-the-Radar Altcoin Rips Nearly 55% This Week Amid Surging Trading Volume and Induction Into Industry Group
An under-the-radar altcoin built on Ethereum (ETH) is defying the correction in the broader crypto markets after surging about 55% this week.
Polymath (POLY) rallied from a weekly low of $0.176 to a high of $0.272 to dramatically outpace the crypto markets at large.
An under-the-radar altcoin built on Ethereum (ETH) is defying the correction in the broader crypto markets after surging about 55% this week.
Polymath (POLY) rallied from a weekly low of $0.176 to a high of $0.272 to dramatically outpace the crypto markets at large.
Blofin Eases Access to Vietnamese Market with Language Support
Hanoi, Vietnam (Apr. 18th, 2023) – Blofin launched a Vietnamese language service to improve the experience for local users. It has collaborated with affiliates, start-ups, and customers to improve cryptocurrency adoption with the Blofin trading system in the Vietnamese market. As part of its commitment, Blofin is dedicated to continually improving their crypto exchange platform based on user feedback.
According to the 2022 Global Crypto Adoption Index, Vietnam has emerged as the leader in cryptocurrency adoption worldwide, with 21% of its population reportedly owning cryptocurrencies. The Vietnamese people are using digital currencies for remittances, as a hedge against fiat currency volatility, and for other financial purposes that are unique to their economy. Blofin’s CEO, Matt, expressed his pride in Vietnam’s remarkable growth, “In less than three years, Vietnam made it an appealing destination for cryptocurrency ventures. Blofin is delighted to provide a dependable and accurate trading platform for Vietnamese users to meet their needs.”
Hanoi, Vietnam (Apr. 18th, 2023) – Blofin launched a Vietnamese language service to improve the experience for local users. It has collaborated with affiliates, start-ups, and customers to improve cryptocurrency adoption with the Blofin trading system in the Vietnamese market. As part of its commitment, Blofin is dedicated to continually improving their crypto exchange platform based on user feedback.
According to the 2022 Global Crypto Adoption Index, Vietnam has emerged as the leader in cryptocurrency adoption worldwide, with 21% of its population reportedly owning cryptocurrencies. The Vietnamese people are using digital currencies for remittances, as a hedge against fiat currency volatility, and for other financial purposes that are unique to their economy. Blofin’s CEO, Matt, expressed his pride in Vietnam’s remarkable growth, “In less than three years, Vietnam made it an appealing destination for cryptocurrency ventures. Blofin is delighted to provide a dependable and accurate trading platform for Vietnamese users to meet their needs.”
Mysterious Bitcoin Whale Abruptly Moves Over $525,000,000 in BTC – Here’s Where the Crypto’s Headed
An anonymous Bitcoin (BTC) whale is suddenly moving over $525 million of the crypto king in a single huge transaction.
According to new data from whale-surveying platform Whale Alert, a deep-pocketed trader abruptly shifted on Thursday a staggering 20,054 BTC worth about $525.7 million at time of writing from one unknown crypto wallet to another.
An anonymous Bitcoin (BTC) whale is suddenly moving over $525 million of the crypto king in a single huge transaction.
According to new data from whale-surveying platform Whale Alert, a deep-pocketed trader abruptly shifted on Thursday a staggering 20,054 BTC worth about $525.7 million at time of writing from one unknown crypto wallet to another.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
US Banks Facing ‘False Sense of Comfort’ Amid Rising Signs of Credit Stress, Says Banking Regulator
Acting Comptroller of the Currency Michael J. Hsu just issued a fresh warning about potential risks to the US banking system.
In a new statement from the Office of the Comptroller of the Currency (OCC), Hsu says that banks should be “on the balls of their feet” with regards to risk management as credit markets begin to weaken.
Acting Comptroller of the Currency Michael J. Hsu just issued a fresh warning about potential risks to the US banking system.
In a new statement from the Office of the Comptroller of the Currency (OCC), Hsu says that banks should be “on the balls of their feet” with regards to risk management as credit markets begin to weaken.
Four Tether Executives Are Now Crypto Billionaires As Stablecoin Issuer Fetches $9,000,000,000 Valuation: Forbes
The four executives behind the biggest stablecoin in the world are reportedly worth over $1 billion each now that the market cap of Tether (USDT) is at an all-time high.
Despite a long bear market for digital assets, the British Virgin Islands-based company posted a profit of $1.5 billion in the first quarter of 2023 alone, with USDT accounting for over 50% of the entire crypto market’s liquidity, according to Forbes.
The four executives behind the biggest stablecoin in the world are reportedly worth over $1 billion each now that the market cap of Tether (USDT) is at an all-time high.
Despite a long bear market for digital assets, the British Virgin Islands-based company posted a profit of $1.5 billion in the first quarter of 2023 alone, with USDT accounting for over 50% of the entire crypto market’s liquidity, according to Forbes.
Could E-Commerce Platforms Help Make Crypto More Mainstream
The years 1994 and 1995 saw the first real push into the area of e-commerce, with the likes of eBay, Amazon and Craigslist all coming into existence.
No doubt that in the early days, these companies were mere cavemen to what they would become in later years, but with their births and subsequent growth, online sales became mainstream.
The years 1994 and 1995 saw the first real push into the area of e-commerce, with the likes of eBay, Amazon and Craigslist all coming into existence.
No doubt that in the early days, these companies were mere cavemen to what they would become in later years, but with their births and subsequent growth, online sales became mainstream.
Top Analyst Benjamin Cowen Issues Bitcoin Warning, Says September Will Be a ‘Red Month’ – Here Are His Targets
A closely followed crypto strategist is doubling down on his call that Bitcoin (BTC) will likely witness a deep corrective move this month.
In a new strategy session, analyst Benjamin Cowen tells his 786,000 YouTube subscribers that Bitcoin is likely to post negative returns in September.
A closely followed crypto strategist is doubling down on his call that Bitcoin (BTC) will likely witness a deep corrective move this month.
In a new strategy session, analyst Benjamin Cowen tells his 786,000 YouTube subscribers that Bitcoin is likely to post negative returns in September.
Bitcoin Flashing Signs of Returning Strength Amid Tumultuous Macro Backdrop, Says Lead Glassnode Analyst
A top analyst for the crypto analytics firm Glassnode believes Bitcoin (BTC) is gearing up for its next surge.
Pseudonymous trader Checkmate, Glassnode’s lead on-chain analyst, says on the media platform X that Bitcoin’s profit/loss momentum for short-term holders metric has recently recovered and is in the green again.
A top analyst for the crypto analytics firm Glassnode believes Bitcoin (BTC) is gearing up for its next surge.
Pseudonymous trader Checkmate, Glassnode’s lead on-chain analyst, says on the media platform X that Bitcoin’s profit/loss momentum for short-term holders metric has recently recovered and is in the green again.
Ethereum Price Analysis: ETH Eyes Fresh Increase To $2,150
Ethereum price is consolidating above the $1,950 level against the US Dollar. ETH/USD could rise again if it clears the $2,050 resistance zone.
Ethereum Price AnalysisIn the past few days, Ethereum saw a short-term bearish wave from the $2,150 zone against the US Dollar. ETH price declined below the $2,050 level and the 55 simple moving average (4 hours).
The bears even pushed the price below the $2,000 level. A low was formed near $1,906 and the price is now attempting a fresh increase. There was a move above the $1,950 resistance level. The price also broke the $1,980 resistance level.
Ethereum price is consolidating above the $1,950 level against the US Dollar. ETH/USD could rise again if it clears the $2,050 resistance zone.
Ethereum Price AnalysisIn the past few days, Ethereum saw a short-term bearish wave from the $2,150 zone against the US Dollar. ETH price declined below the $2,050 level and the 55 simple moving average (4 hours).
The bears even pushed the price below the $2,000 level. A low was formed near $1,906 and the price is now attempting a fresh increase. There was a move above the $1,950 resistance level. The price also broke the $1,980 resistance level.
Meme Coin Rollercoaster Ride — BONK’s Value Plummets Amidst Market Turbulence and Rising Contenders
While the meme coin phenomenon bonk (BONK) captivated users on the Solana network, the cryptocurrency recently witnessed a 41% decline over the preceding fortnight, accompanied by a 20.8% descent in the past week. Following its mid-December peak to an all-time high (ATH), BONK has plummeted 57% from its ATH.
From Peak to Plunge in the Meme Coin MadnessBONK has witnessed a downturn over the past two weeks and on Dec. 30, 2023, it has an intraday trading range of $0.00001387 to $0.00001536, and at the time of writing, it is exchanging hands for $0.00001446, down 4.4% over the past day. While the crypto asset lost 41% over the two-week span and more than 20% this past week, BONK is still up by 272% over the last 30 days.
While the meme coin phenomenon bonk (BONK) captivated users on the Solana network, the cryptocurrency recently witnessed a 41% decline over the preceding fortnight, accompanied by a 20.8% descent in the past week. Following its mid-December peak to an all-time high (ATH), BONK has plummeted 57% from its ATH.
From Peak to Plunge in the Meme Coin MadnessBONK has witnessed a downturn over the past two weeks and on Dec. 30, 2023, it has an intraday trading range of $0.00001387 to $0.00001536, and at the time of writing, it is exchanging hands for $0.00001446, down 4.4% over the past day. While the crypto asset lost 41% over the two-week span and more than 20% this past week, BONK is still up by 272% over the last 30 days.
Ripple’s XRP Eyes $1 Monster Move As Analyst Unveils Long-Tested Indicator Pointing To Huge Price Burst
XRP has continued to grapple with a persistent weak trend, contending with regulatory uncertainties and market fluctuations.
Despite the optimism surrounding the approval of a spot Bitcoin ETF, the digital asset experienced a decline, breaching the vital yearly support at $0.55 during the sell-the-news event post the spot Bitcoin ETF approvals last month.
Furthermore, the recent hacking of Ripple co-founder Chris Larsen’s wallets, resulting in a substantial XRP theft, further compounded the challenges faced by XRP. And despite Binance reportedly recovering a portion of the pilfered assets, it has not helped keep the price steady going into the weekend.
XRP has continued to grapple with a persistent weak trend, contending with regulatory uncertainties and market fluctuations.
Despite the optimism surrounding the approval of a spot Bitcoin ETF, the digital asset experienced a decline, breaching the vital yearly support at $0.55 during the sell-the-news event post the spot Bitcoin ETF approvals last month.
Furthermore, the recent hacking of Ripple co-founder Chris Larsen’s wallets, resulting in a substantial XRP theft, further compounded the challenges faced by XRP. And despite Binance reportedly recovering a portion of the pilfered assets, it has not helped keep the price steady going into the weekend.
BlockDAG Unveils The Amplest Crypto Altcoin Presale In 2024
The finest cryptocurrency assets can be promising since they diversify and possibly increase yields. But it’s crucial to approach the altcoin market sensibly and conduct an in-depth study.
BlockDAG enters the presale market with a goal of $600 million by the end of the year and many revenue sources. Given the potential for even higher returns, BlockDAG has a strong position in the market, especially in light of BDAG’s inspiration, Kaspa, and its stellar ascent to benchmark status.
The finest cryptocurrency assets can be promising since they diversify and possibly increase yields. But it’s crucial to approach the altcoin market sensibly and conduct an in-depth study.
BlockDAG enters the presale market with a goal of $600 million by the end of the year and many revenue sources. Given the potential for even higher returns, BlockDAG has a strong position in the market, especially in light of BDAG’s inspiration, Kaspa, and its stellar ascent to benchmark status.
Bitcoin slacks ahead of halving, but analysts want you to pay attention to this historical data
The first quarter saw Bitcoin shake off losses from the previous year while increasing its price value significantly. Bitcoin’s price has taken a nosedive in the past weeks, resulting in a retest of previous daily lows.
While sentiments are mixed now, market players point to bullish data unfolding on the technical chart.
According to the pseudonymous cryptocurrency analyst CryptoJelleNL, the technical indicators display a bullish pattern spotted on the daily chart. The signal highlights Bitcoin’s current position, hinting that the asset could increase its price value by more than $14,000 of its current value.
The first quarter saw Bitcoin shake off losses from the previous year while increasing its price value significantly. Bitcoin’s price has taken a nosedive in the past weeks, resulting in a retest of previous daily lows.
While sentiments are mixed now, market players point to bullish data unfolding on the technical chart.
According to the pseudonymous cryptocurrency analyst CryptoJelleNL, the technical indicators display a bullish pattern spotted on the daily chart. The signal highlights Bitcoin’s current position, hinting that the asset could increase its price value by more than $14,000 of its current value.
Overlooked Indicator Hinting at ‘Stealth’ Bitcoin (BTC) Rallies to Fresh New All-Time Highs: Jason Pizzino
A closely followed crypto analyst says that one under-the-radar indicator is hinting at a sudden Bitcoin (BTC) rally to new all-time highs.
In a new video update, crypto strategist Jason Pizzino tells his 328,000 YouTube subscribers that the top crypto asset by market cap has historically made “stealth moves” to the upside when its average true range (ATR) indicator reaches a local low while price continues to consolidate or put in higher lows.
A closely followed crypto analyst says that one under-the-radar indicator is hinting at a sudden Bitcoin (BTC) rally to new all-time highs.
In a new video update, crypto strategist Jason Pizzino tells his 328,000 YouTube subscribers that the top crypto asset by market cap has historically made “stealth moves” to the upside when its average true range (ATR) indicator reaches a local low while price continues to consolidate or put in higher lows.
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
