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The Hong Kong Monetary Authority (HKMA) warns the public about a fraudulent mobile app associated with Bank of Singapore Limited. (Read More)
The Hong Kong Monetary Authority warns the public about unauthorised websites and apps associated with Livi Bank Limited. (Read More)
The Hong Kong Mortgage Corporation Limited (HKMC) alerts the public to an impersonation scam involving fake loan offers and a fraudulent website. (Read More)
The Hong Kong Monetary Authority (HKMA) has issued a warning about fraudulent websites and social media accounts impersonating Airstar Bank Limited. (Read More)
The Shiba Inu community is facing fresh scam threats as fraudsters target SHIB enthusiasts with deceptive tactics. Shibarmy Scam Alerts, the official anti-fraud channel for the Shiba Inu ecosystem, issued three urgent warnings yesterday, aiming to keep the community vigilant. Two of these warnings involve malicious SHIB airdrops, while the third highlights a dangerous wallet […]
The Hong Kong Monetary Authority warns the public about a fraudulent social media account and phishing messages related to Bank of Singapore Limited. (Read More)
The HKMA warns the public about fraudulent websites and internet banking login screens mimicking Dah Sing Bank, urging vigilance and caution. (Read More)
The Hong Kong Monetary Authority warns the public about a fraudulent website and phishing emails impersonating Dah Sing Bank. (Read More)
The HKMA alerts the public about a fraudulent website and social media page linked to DBS Bank (Hong Kong) Limited. (Read More)
Shiba Inu scammers are always on the lookout for new ways to deceive and steal from unsuspecting investors. With a bull market on the horizon, their tactics are evolving, becoming more sophisticated and harder to detect. Shibarmy Scam Alerts, a vigilant Shiba Inu community-based channel, has recently called attention to a new threat: deceptive job […]
The Hong Kong Monetary Authority (HKMA) alerts the public to suspicious websites and internet banking login screens related to Mox Bank Limited. (Read More)
In the shadowy world of cryptocurrency, even whispers can cause ripples. Late Sunday, the crypto community witnessed a significant movement of XRP, just as June gave way to July. At 17:19 UTC, Whale Alert, the eagle-eyed blockchain tracking service, flagged a hefty transfer: 200 million XRP, valued at $94.56 million, moved from one anonymous address […]
The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.
Email scams requesting cryptocurrency have been gaining popularity among criminals around the world.
HKMA issues alert on phishing instant messages involving China Construction Bank (Asia). (Read More)
Floki Inu urged its community to obtain token information only from official sources to prevent falling victim to these fraudulent schemes.
AssemblyAI improves Speaker Diarization accuracy by 13%, adds 5 new languages, and introduces billing alerts for better spend management. (Read More)
The UwU exploiter strikes again and steals $3.5 million from the lend protocol as it begins reimbursing hack victims.
HKMA warns about fraudulent websites impersonating Mizuho Bank. (Read More)
In a recent social media post, renowned crypto analyst Michael Van de Poppe shared his predictions regarding the potential bottoming out of the altcoin market. Van de Poppe emphasized the significance of key economic data and the upcoming interest rate decisions from the Federal Open Market Committee (FOMC), highlighting their potential impact on the crypto market. Altcoin Rally Ahead? CPI Data Points To Bullish Outlook Consumer Price Index (CPI) data revealed that US inflation had fallen to 3.3%, lower than expectations, which he deemed bullish news for the altcoin market. The CPI data holds particular importance as it influences the Federal Reserve’s decision on interest rate cuts. Related Reading: Ex-Ripple Director Explains XRP Price Slide Amid Good News Van de Poppe explained that if the CPI data came in above expectations, it would have led to a stronger US dollar and higher yields. In such a scenario, the chances of a near-term rate cut would have diminished, leading to a decline in risky assets. Conversely, a lower-than-expected CPI reading paves the way for a positive market reaction, as is the case today. The FOMC’s interest rate decisions were identified as the second significant event of the day. Following the European Central Bank’s recent rate cut, there is speculation that the US might consider similar measures. Van de Poppe emphasized the importance of Federal Reserve Chairman Jerome Powell’s speech, as it could provide valuable insights into future monetary policy, potentially influencing market sentiments. Trading With Caution The altcoin and crypto markets experienced notable corrections last week, led by Ethereum (ETH), the largest altcoin in the market, with a price drop of over 5%, with a historical negative correlation observed during FOMC meetings and CPI releases. However, Van de Poppe suggested that a repricing upwards could be anticipated, potentially leading Bitcoin to approach its all-time high of $73,700 in the coming weeks if the FOMC adopts a dovish stance. However, caution was advised, as price action can be deceptive. In the event of an unchanged rate decision, initial downward market responses might occur, with the true impact unfolding later. Related Reading: Bitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH Another market expert, Adrian Zduczyk, offered his perspective, highlighting the tendency for prices to retrace to previous levels with little effect on volatility following FOMC decisions. While traders often anticipate news releases and follow patterns, he cautioned against trading against the Federal Reserve’s monetary policy decisions. As the altcoin market awaits the outcome of key economic data and FOMC decisions, analysts monitor these factors closely, anticipating a potential reversal and subsequent market upswing. With the Ethereum ETF seeking trading in the coming weeks, the summer months promise renewed market momentum and a potential challenge to all-time highs. ETH is currently trading at $3,618, experiencing a significant surge of 4.1% in the past few hours, coinciding with positive CPI data and heightened expectations of favorable news from the US Federal Reserve. Featured image from DALL-E, chart from TradingView.com
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