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The chief investment officer of Bitwise Asset Management says Bitcoin could reach $1 million under what he describes as “reasonably conservative assumptions.”
In a new memo titled “How Bitcoin Gets to $1 Million”, Matt Hougan argues that many analysts underestimate Bitcoin’s long-term potential because they treat the global store-of-value market as static.
Hougan says he evaluates Bitcoin as a...
A Texas construction firm has agreed to compensate individuals whose sensitive information was exposed in a data breach.
According to the settlement administrator’s portal, Mason Construction will pay between $55 to $5,000 per individual to settle a class action lawsuit that accused the Beaumont, Texas-headquartered firm of exhibiting negligence and insufficient data security in handling “highly...
The Federal Reserve says a US bank employee took advantage of a customer’s death and stole more than $10,000.
According to a new memo issued by the Fed’s Board of Governors, Klaus Koberstein – a senior sales associate at the East Cambridge Savings Bank in Cambridge, Massachusetts – drained $12,500 from a deceased customer’s bank account for his own personal benefit.
Authorities say that between...
The popular dating app Tinder is handing out tens of millions of dollars to customers in a class action lawsuit alleging the company overcharged older users.
New court documents show Tinder has recently settled a class action lawsuit that alleged it charged users aged 29 or older more than younger users for its gold subscription between March 2015 and March 2016.
“The lawsuit was brought by Allan...
A septuagenarian is facing months in prison after admitting to stealing more than $1 million from the US government.
According to the U.S. Department of Justice, 71-year-old Eric Banks has pleaded guilty to stealing a check drawn by the US Treasury Department to a New York-based business.
The DOJ says Banks stole a U.S. Treasury check worth approximately $1.13 million. He then opened a bank...
A former financial advisor who worked for financial services giants Morgan Stanley and Wells Fargo has been convicted of defrauding three NBA players out of millions of dollars and splurging the funds to purchase luxury items and pay personal bills.
The U.S. Department of Justice (DOJ) says that 52-year-old Daryl Cohen used his position to mastermind a scheme that stole $5 million from three NBA...
The personal information of hundreds of thousands of US healthcare patients may have been leaked in a cyberattack.
According to the government of Maine, the sensitive information of 237,830 patients of the healthcare firm Bell Ambulance, headquartered in Milwaukee, Wisconsin, was exposed after the company suffered a cyberattack that started on February 7th 2025.
In a letter to its customers, Bell...
A popular crypto analyst believes Bitcoin’s (BTC) price will plummet in a matter of weeks.
In a new market update, Benjamin Cowen tells his 986,000 YouTube subscribers that Bitcoin remains in a bear market and could drop below $60,000 by the end of March based on historical precedence.
“Look at the bear market structure. You see how it was trending up. You set a low at $80,000, and then the...
The US national debt has skyrocketed by more than half a trillion dollars in just four months, according to the U.S. Treasury Department.
Since December 12th, the US national debt has risen by approximately $543 billion, per the U.S. Treasury Department’s Debt to the Penny dataset.
The total US national debt now stands at $38.88 billion, an increase of around 7% year over year.
The rapid growth...
The president of the sell-side Wall Street firm Yardeni Research believes that tensions in the Middle East are lifting the chances of a stock market meltdown.
In a new Bloomberg interview, Ed Yardeni reiterates his view that the odds of a sharp stock market sell-off have risen to 35% as the Middle East conflict drags on.
According to Yardeni, the stock market has been resilient as of late, as...