Recently, the Trump-supported cryptocurrency initiative WLFI successfully completed a robust $550 million token sale, as reported on March 18th by COINOTAG News. This substantial fundraising effort saw participation from over
In a significant development for the financial landscape, U.S. President Trump has officially appointed Michelle Bowman as the new Vice Chair for Supervision of the Federal Reserve. This announcement, made
Robinhood is partnering with prediction market operator Kalshi to offer contracts for March Madness games beginning Monday.
The US government relies on a network of computers to generate payments out of thin air, including some transactions that remain entirely undocumented, according to Elon Musk. In a new interview on Senator Ted Cruz’s Verdict podcast, Musk says the Department of Government Efficiency (DOGE) has now discovered about 14 “magic money” computers. Musk tells Cruz that these computers are responsible for sending trillions of dollars in payments. “I call a magic money computer any computer that can make money out of thin air. It just issues payments… They just send money out of nothing.” Musk says about 5-10% of the payments executed by these computers are not reported to Senators in Congress. “You may think that the government computers all talk to each other. They synchronize. They add up what funds are going somewhere and it’s coherent, and that the numbers that you’re presented as a Senator are actually the real numbers. One would think. They’re not.” Musk says DOGE has discovered these computers at the Treasury Department, State Department, Health and Human Services Department and the Defense Department. According to Musk, the government’s systems make it tough to reconcile payments and tackle waste and fraud. “If you want to know what what the situation is with the accounting and you’re trying to reconcile accounting and get rid of waste and fraud, you must be able to analyze the computer databases. Otherwise you can’t figure it out. Because what you’re doing is asking a human – who will then ask another human – and finally usually ask some contractor – who will ask another contractor – to do a query on the computer. So it’s many layers deep. The only way to reconcile the databases and get rid of waste and fraud is to to actually look at the computers and see what’s going on. When I sort of cryptically refer to reprogramming The Matrix, you have to understand what’s going at the computers. You have to reconcile the computer databases in order to identify the waste and fraud.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Government Deploys ‘Magic Money Computers’ To Send Payments Out of Thin Air: Elon Musk appeared first on The Daily Hodl .
Bitcoin is recovering after a recent value drop. Market dynamics suggest potential for significant price increases. Continue Reading: Bitcoin Signals Recovery with Promising Trends and Market Insights The post Bitcoin Signals Recovery with Promising Trends and Market Insights appeared first on COINTURK NEWS .
XRP price has formed a double-bottom pattern, a widely recognized bullish reversal signal. Analysts suggest this pattern has been confirmed, as the altcoin has broken above its neckline resistance. This development indicates strong buying pressure, which could push the Ripple token price toward the $30 mark. Bullish Double Bottom Pattern Suggests XRP Price Could Reach $30 According to analyst Steph Is Crypto, XRP price has completed a double-bottom formation by breaking above the neckline resistance. This breakout is considered a strong bullish signal, indicating a potential rally. Historically, once this type of pattern is confirmed, prices tend to rise, with projections based on the pattern’s height extended from the breakout point. The long-term chart of XRP price shows an extended accumulation phase, similar to previous bull cycles. The breakout above the neckline suggests strong buying momentum, potentially triggering an altcoin rally. Top analysts anticipate that if momentum sustains, XRP price could move towards its projected $30 target. Source: X More so, XRP price breakout aligns with increasing trading volume, reinforcing the bullish outlook. A sustained increase in volume after a breakout often indicates institutional participation and growing investor confidence. Additionally, analysts highlight the absence of strong resistance between current levels and the projected target, making a sharp upward movement feasible. Ripple Price Must Hold $2 Support Level Additionally, crypto analyst Ali Martinez has pointed out that XRP price is also forming a head-and-shoulders pattern on its weekly chart. This pattern typically signals a trend reversal, with the $2 support level being crucial for maintaining an upward trajectory. Martinez highlighted that if XRP price fails to hold above $2, it could face a decline to $1.25. Traders are closely monitoring this level, as a breakdown below it could lead to further downside pressure. However, if the support holds, XRP could continue its bullish trend and push towards the projected $30 target. Source: X Altcoin Rally and Broader Market Trends The broader cryptocurrency market trend is another factor influencing XRP price. Bitcoin’s performance and macroeconomic factors, such as the Federal Reserve’s policy decisions, could impact investor sentiment. A positive market environment could support an altcoin rally, benefiting XRP’s upward momentum. According to CryptoQuant’s recent analysis, the rising demand for stablecoins is fueling an altcoin season . Experts believe this shift signals a strong rally for altcoins in the coming weeks. The recent market correction has seen XRP price trading between $1.79 and $3.36. A rebound began in early March, with XRP closing the past week in green. At press time, Ripple token price was $2.34, reflecting a 1.95% increase in the last 24 hours. Historical price trends suggest that XRP has undergone extended periods of accumulation before major bull cycles. This pattern appears to be repeating, with XRP price breaking above key resistance zones. Adding to the bullish sentiments, Ripple filed a trademark for downloadable software to custody crypto assets. This move could push the altcoin toward the $5 mark in the coming months and probably cross the $30 price target. The post XRP Price Targets $30 As Analyst Reveals Bullish Double Bottom Breakout appeared first on CoinGape .
On March 18th, data from Hypurrscan indicated that the ’50x Leverage Whale’ initiated a 40x short position on Bitcoin via the Hyperliquid platform at a price point of $83,923.2. Despite
Spanish police officers say they have taken apart a Bitcoin (BTC) -themed crypto pyramid scam that duped victims out of around $32.6 million. Per the news agency EFE (via Infobae ), police officers said they had “dismantled” a “criminal organization” that promoted “fake cryptocurrency investments.” Spanish Police Make Arrests in Malaga, Madrid, Murcia Officers said they have arrested eight people, but fear that “more than 3,600 people” have lost money to the crypto scam . National Police Corp vehicles in Spain. (Source: Supertoni123 [CC BY-SA 4.0]) The National Police Corps (CNP)’s Economic and Financial Crime Unit said the network’s mastermind was a “computer programmer” whom they arrested in Malaga. The CNP also made arrests in the cities of Murcia, and Madrid, detaining people of “various nationalities and backgrounds.” The detainees include “marketing and web design experts,” officers said. Police say the group developed a “seemingly legitimate platform that offered clients a choice of Bitcoin investment plans.” They then allegedly promoted these products on various websites and social media platforms. Victims, police said, “did not need to know anything about crypto,” as the alleged scam operators “made it easy for people to convert hundreds, even thousands of euros into Bitcoin.” The alleged scammers were also able to dupe some “victims” into surrendering control of their electronic devices to “carry out crypto transfers themselves, in addition to stealing their personal and banking data.” Spanish lending giant BBVA said it won approval to launch Bitcoin and Ether trading, integrating crypto into everyday banking. #BBVA #CryptoTrading https://t.co/ifB7FxuUV8 — Cryptonews.com (@cryptonews) March 10, 2025 Operation Began in 2022 – Police The CNP first learned of the operation in 2022, when a “victim” filed a report in Murcia. As police investigated, they unearthed a complicated network of investments whereby older investors were paid using newer investors’ funds. When people tried to withdraw their funds from the platform, the operators would reportedly concoct “obstacles” to delay or obfuscate the process. One officer told EFE that some “victims” signed “contracts” with the operators, who “promised to pay dividends of 40% after one month,” and “up to 300% after a year.” The police force eventually found a “trail” of fraud that “included thousands of victims in as many as 36 countries.” Spain’s economy is getting a boost thanks to the country’s attractiveness for remote workers, according to central bank chief Jose Luis Escriva https://t.co/ke3IYbcEbh — Bloomberg Markets (@markets) March 17, 2025 ‘Worthless Coin’ The CNP thinks that “at least 3,646 victims” lost their money to the scammers, 2,718 of whom are Spanish residents. The fraudsters appear to have amassed vast Bitcoin holdings, with crypto wallets containing some BTC 400. Officers say the masterminds also “created a new, worthless token” to investors. The victims were mainly individuals who “had never invested in cryptocurrencies” before, the CNP said. Some corporations also fell victim to the scam, officers added. Officers also froze 73 bank accounts and impounded cars, motorcycles, computer equipment, and hundreds of euros in cash. The post Spanish Police ‘Dismantle $32.6M Bitcoin-themed Crypto Pyramid Scam’ appeared first on Cryptonews .
XRP is trading at $2.34 with a market capitalization of $136 billion, as daily trade volume reaches $3.01 billion. The price has fluctuated between $2.29 and $2.38 in the past 24 hours, remaining 31.1% below its all-time high of $3.40. Binance, Coinbase, and Bybit dominate XRP trading, while South Korean markets show a slight premium
Former Binance CEO Changpeng Zhao (CZ) shared his views on the cryptocurrency industry and warned that only a small percentage of participants will achieve long-term success. CZ was responding to a post on X (formerly Twitter) by crypto influencer EmperorBTC, who analyzes the psychological landscape of market participants. “The bar for success in crypto is very low,” EmperorBTC said, arguing that most investors are ill-equipped to deal with the volatile nature of the crypto market. According to EmperorBTC, 80% of crypto investors are simply “tourists,” entering the market excitedly and leaving when sentiment changes. Another 10% are making buying and selling decisions based on misleading influencers, while another 5% believe they are falsely projecting wealth. That leaves only the 5% who truly understand crypto, he claimed. Related News: Binance Finally Brought The Expected Feature: Added to the Home Page, Here are the Impacted Altcoins CZ weighed in on these statistics, suggesting that even among the 5% of so-called “insiders,” most have failed to outperform Bitcoin. “Even if there were a 5% who were true experts in crypto, most of them still wouldn’t be able to outperform Bitcoin,” he said. He also noted that within this group, only 4% actively trade or allocate capital to blockchain projects, but they still lag behind Bitcoin’s long-term performance. CZ said that simply holding Bitcoin outperforms 99% of crypto market participants and even outperforms most traditional asset classes with minimal effort. Despite Bitcoin’s dominance, CZ admitted that rising into the top 1% of crypto investors requires extraordinary effort, deep market knowledge, and constant work. *This is not investment advice. Continue Reading: Binance Founder CZ Reveals the Secret to Leaving 99 Percent of the Market Behind: “Just Doing This Is Enough to Beat Most People”