Author: Hope Smally

The First Incorporated City in South Bay/Docklands: Wilmington Wilmington holds the distinction of being the first South Bay/Docklands city to be officially incorporated, way back in 1871. This marked the beginning of a trend where municipalities in the area began to take control of their commercial affairs, public works, and civic activities through elected officials chosen by residents. The Growth and Challenges of Wilmington and San Pedro Following its initial incorporation, Wilmington faced economic challenges and eventually repealed its city status in 1887. However, the city regrouped and re-incorporated in 1907, fending off attempts by neighboring Long Beach to annex…

Crypto-Sec: iVest Vulnerability Attack and Web3 Gamer Scam The recent cyber security threats have rocked the digital world, with iVest falling victim to an “empty address” vulnerability attack. This attack has put millions of PCs at risk of being infected with “unremovable” malware, posing a serious threat to the security of users’ personal information and financial data. The iVest Attack: A Closer Look As iVest scrambles to patch up its security loopholes, experts are warning users to be wary of suspicious links and emails that could potentially lead to further hacks and data breaches. The “empty address” vulnerability allows hackers…

Back-to-School Shopping Tips to Save Money Introduction Back-to-school shopping is in full swing, with over half of consumers already purchasing supplies for the upcoming school year. Forecasted spending is expected to reach $38.8 billion, prompting shoppers to be mindful of their budgets. Different age groups may have varying school supply needs, with college students requiring items like laptops, clothing, and shoes. Additionally, extracurricular activities and related costs are a significant consideration for parents, with the average cost per child for supplies, fees, and equipment coming in at $582 according to a Deloitte survey. Cost-Saving Tips for Back-to-School Shopping A recent…

iVest Suffers Cybersecurity Breach: Crypto-Sec Report iVest, a prominent financial institution, recently fell victim to a severe cybersecurity breach. The attack exploited an “empty address” vulnerability, putting millions of PCs at risk of being infected with “unremovable” malware. This alarming development underscores the growing threat posed by cybercriminals in the digital age. The Implications of the Attack The repercussions of the iVest cybersecurity breach are far-reaching, affecting not only the institution itself but also its customers and the broader financial sector. With millions of PCs potentially compromised, the security of sensitive personal and financial information is in jeopardy. The incident…

Bitcoin (BTC) Market Share Surges to All-Time High as Altcoin Season Looms Bitcoin’s Dominance Facing Challenges Despite Milestones Bitcoin’s market share has reached a record high of 57.70% on August 9, signaling its strength compared to other cryptocurrencies. However, recent data shows a decline in Bitcoin’s dominance, raising speculations about the imminent altcoin season. Altcoin season refers to a period when non-Bitcoin cryptocurrencies outperform Bitcoin significantly. This trend is fueled by a decrease in Bitcoin’s market share and a rise in the total market capitalization of alternative coins (TOTAL2). While Bitcoin’s dominance has dipped to 56.95%, TOTAL2 has surged to…

iVest suffers “empty address” vulnerability attack, millions of PCs are threatened by “unremovable” malware, Web3 gamers were tricked into getting $69,000 in approval: Crypto-Sec. Recently, iVest, a prominent investment platform, fell victim to a serious cyber attack that exploited an “empty address” vulnerability. This attack not only compromised the security of iVest’s users but also raised concerns about the overall safety of digital assets. The Impact of the Vulnerability Attack The “empty address” vulnerability allowed hackers to gain unauthorized access to iVest’s system, putting millions of users’ personal information at risk. This breach not only jeopardized the financial security of…

Unique Trading Patterns Signal Potential Bitcoin Price Surge Bitcoin, the leading cryptocurrency in the market, has been showing unique trading patterns that have experts predicting a significant price increase in the near future. These patterns, identified by analysts, signal a bullish trend that could potentially push the value of Bitcoin to new highs. In this article, we will explore the reasons behind this analysis and what it could mean for investors in the cryptocurrency space. The Influence of Market Sentiment One of the key factors driving the expected rise in Bitcoin prices is the overall sentiment in the market. As…

The Surprising Speed of Cryptocurrency ETF Adoption in the U.S. The speed at which cryptocurrency exchange-traded funds (ETFs) are being adopted in the United States has taken even industry experts by surprise. Grayscale, a digital asset management firm, has been closely following this trend and is amazed at how quickly ETFs are gaining traction in the market. Rapid Growth of Cryptocurrency ETFs In recent months, there has been a significant increase in the number of cryptocurrency ETFs being launched in the U.S. market. This rapid growth can be attributed to a growing interest in digital assets among investors, as well…

Earthquake Strikes Southern California: Minimal Damage Reported On Monday, a powerful earthquake measuring 4.4 on the Richter scale rattled millions of people in Southern California. Despite the intensity of the quake, damage was thankfully minimal, bringing a sense of relief to residents in the region. Impact of the Earthquake on City Hall According to the U.S. Geological Survey, the earthquake struck at 12:20 p.m., causing a pipe to burst at the historic City Hall building located about 2.5 miles south of Highland Park and west of Pasadena. Water poured from the roof of City Hall as occupants evacuated the building.…

Hollywood Influence on Crypto Market Trends The influence of events in Los Angeles, particularly in Hollywood, on the crypto market trends cannot be understated. Hollywood is not only a hub for entertainment, but also for innovation and technology. When high-profile celebrities and influencers in Hollywood start endorsing or investing in cryptocurrencies, it can have a ripple effect on the market. Their massive fan base and social media reach can bring mainstream attention to crypto, causing a surge in demand and prices. Wall Street Impact on Crypto Market Trends In addition to Hollywood, Wall Street also plays a significant role in…

The Potential Benefits of Bitcoin Mining in Texas Senator Ted Cruz of Texas has been a prominent figure in the discussions surrounding Bitcoin mining and its potential benefits for the Lone Star State. With Texas being a hub for energy production, the integration of Bitcoin mining could lead to significant advantages for the state’s energy grid. Enhancing Energy Utilization One of the main advantages of Bitcoin mining in Texas is the potential to enhance energy utilization. By utilizing excess energy that would otherwise go to waste, Bitcoin mining operations can help to balance the supply and demand of energy in…

OKX Cryptocurrency Exchange Services in Nigeria OKX, a prominent cryptocurrency exchange, has announced that it will cease its services in Nigeria on August 16, 2024. This decision comes in response to the regulatory environment surrounding cryptocurrencies in the country, forcing exchanges like Binance and KuCoin to also leave. The withdrawal of OKX highlights the growing interest in cryptocurrency activity in Nigeria. Impact of OKX Withdrawal on Nigeria’s Crypto Space The exit of OKX is a significant blow to the Nigerian crypto industry, particularly affecting the youth who rely on digital currencies for financial inclusion and business opportunities. With several exchanges…

Bitcoin Prices Expected to Rise with Unique Trading Patterns As investors closely monitor the performance of Bitcoin, unique trading patterns are emerging that suggest a significant rise in Bitcoin prices in the upcoming months. These patterns, observed by experts in the field, indicate a potential bullish trend that could lead to new all-time highs for the popular cryptocurrency. Analyzing the Market Trends One of the key indicators of Bitcoin’s potential price surge is the increasing trading volume combined with a decreasing supply of Bitcoin available on exchanges. This imbalance between supply and demand is often a precursor to a bullish…

The Surprising Speed of Cryptocurrency Exchange-Traded Fund Adoption in the United States The rapid adoption of cryptocurrency exchange-traded funds (ETFs) in the United States has caught many industry experts off guard, including Grayscale. The speed at which these digital asset investment products have gained traction reflects the growing acceptance and interest in cryptocurrencies among mainstream investors. Factors Driving ETF Adoption One key factor fueling the swift adoption of cryptocurrency ETFs is the increasing recognition of digital assets as a legitimate asset class. As more institutional players enter the market, the demand for regulated investment products tied to cryptocurrencies has surged.…

The price surge of Dogecoin (DOGE) and its implications The recent surge in Dogecoin price In the past seven days, the price of Dogecoin (DOGE) has seen a remarkable 27% increase, making it the top gainer among the top 10 cryptocurrencies. This surge has caught the attention of many investors and analysts, who are eager to understand the reasons behind this sudden rise. Whale accumulation and its impact One significant factor contributing to the price surge is the increase in the number of addresses holding large amounts of Dogecoin, also known as whales. According to data from IntotheBlock, the number…

The Relationship Between S&P 500 and the Cryptocurrency Market The S&P 500 Index, a benchmark index that tracks the performance of 500 large-cap American stocks, has a significant impact on the overall financial markets. Recently, the index has been showing signs of recovery, which has also had an effect on the cryptocurrency market. When the S&P 500 performs well, investors tend to have more confidence in the economy, leading to increased investment in riskier assets such as cryptocurrencies like Bitcoin and altcoins. Boost in Bitcoin and Altcoin Purchases In the short term, the recovery momentum of the S&P 500 has…

Bitcoin Price Weakness Intensifies as U.S. Macroeconomic Data Deteriorates Bitcoin, the leading cryptocurrency, has been facing increased pressure as deteriorating U.S. macroeconomic data and changes in the Bitcoin options market signal potential weakness in its price. Investors are closely monitoring these developments as they could influence the future direction of the digital asset. The Impact of U.S. Macroeconomic Data on Bitcoin Recent reports of declining U.S. macroeconomic indicators, such as rising unemployment rates and decreasing consumer spending, have raised concerns among investors. These economic factors can have a significant impact on Bitcoin’s price, as they influence investor sentiment and overall…

Republican Vice Presidential Candidate J.D. Vance Proposes Increase in Child Tax Credit Republican vice presidential candidate Sen. J.D. Vance has put forward a proposal to increase the child tax credit to $5,000 per child from the current $2,000. This move, if implemented, could potentially add trillions of dollars in federal funding, according to policy experts. Challenges and Controversies Surrounding the Proposed Expansion Vance’s idea of increasing the child tax credit by 150% has garnered attention, especially after a recent bill aimed at expanding the tax break failed in the Senate due to Republican opposition. The proposed expansion of the Child…

Earthquake near Highland Park shakes Southern California An earthquake with a preliminary magnitude of 4.4 struck near Highland Park on Monday afternoon, August 12, causing shaking felt across the region. The U.S. Geological Survey classified the quake as “severe,” indicating that it could potentially cause minor damage. Reports of the earthquake were received from areas as far away as Rancho Cucamonga, Newport Beach, and Victorville, with some experiencing prolonged shaking. Response from authorities and residents Officials in South Pasadena and Pasadena confirmed that no damage or injuries were reported following the earthquake. Los Angeles Mayor Karen Bass took to Twitter…

Ripple Faces $125 Million Civil Penalty Ripple, the popular cryptocurrency company, is facing a $125 million civil penalty following a ruling by a federal judge in favor of the Securities and Exchange Commission (SEC). The SEC had initially claimed $2 billion in damages from Ripple, but the court dismissed this claim, opting for a significantly lower penalty. The SEC’s Allegations Against Ripple According to the SEC, Ripple violated securities laws by selling XRP, its native cryptocurrency, as an unregistered security. The agency argued that Ripple and its executives engaged in an illegal securities offering, resulting in harm to investors. Despite…

Peter Brandt and Bitcoin Price Patterns Peter Brandt, an experienced figure in the industry, has identified a potential price pattern in Bitcoin that could signal a major move. He points out that Bitcoin’s chart shape resembles an expanding triangle, which often leads to increased volatility. Despite this pattern, Brandt advises traders to exercise caution and avoid making any trades until a breakout is confirmed. Brandt’s Strategy and Market Volatility Brandt emphasizes the importance of using classic charting techniques in trading and waiting for complete patterns before making any trading decisions. By adopting a patient approach, traders can reduce the risk…

Deteriorating U.S. Macroeconomic Data and Bitcoin Options Market Signal Potential Price Weakness As the United States grapples with deteriorating macroeconomic data, investors are closely watching the Bitcoin options market for signs of potential price weakness. The recent downturn in key economic indicators in the U.S. has raised concerns about the overall health of the economy, prompting many to seek alternative assets such as Bitcoin as a hedge against inflation and economic uncertainty. The Impact of Deteriorating Economic Data The recent release of disappointing economic data, including declines in retail sales, manufacturing activity, and employment figures, has highlighted the challenges facing…

Former Law Enforcement Officials Face Federal Charges in Extortion Case Four former law enforcement officials, including two ex-Los Angeles County deputy sheriffs, are facing federal charges in connection with an extortion case involving a Chinese national. The individuals are accused of carrying out raids at the request of the Chinese national, who was embroiled in a legal dispute with a business partner in Irvine. Details of the Extortion Incident The four defendants traveled to Irvine in an unmarked Los Angeles Sheriff’s Department vehicle and forcefully entered the home of the business associate and his family. They confiscated cellphones, threatened violence,…

Novatech Cyberattack: Recovery Efforts Underway Novatech, a leading technology company, has recently come under fire after reporting that a significant amount of funds were stolen in a cyberattack that occurred in May 2023. The company stated that they are actively working to recover the stolen assets and assure their customers that their information is secure. The Cyberattack Incident The cyberattack on Novatech was a sophisticated breach that targeted the company’s financial systems, resulting in the theft of a substantial amount of funds. The perpetrators behind the attack employed advanced hacking techniques to gain unauthorized access to Novatech’s network and carry…

Toncoin (TON) Price Analysis: Bearish Sentiment Prevails Among Short Traders Continued Bearish Outlook Despite Price Gains Despite seeing double-digit price gains over the past week, Toncoin (TON) continues to face a bearish outlook as short traders maintain their positions. At the current trading price of $6.27, TON has experienced a nearly 20% increase in value in the last seven days. However, the negative funding rates on cryptocurrency exchanges reflect the ongoing demand for short positions in the futures market. Bearish Market Sentiment Indicates Short Position Dominance With TON’s funding rate at -0.028% and persistently negative since June 13, it is…

Solana Price Analysis: Falling 10% Over the Weekend Solana, one of the top cryptocurrencies in the market, experienced a 10% decline over the weekend. The price failed to close above the psychological weekly candle level of $150, causing concern among investors and traders. Bearish Momentum Takes Hold The bearish momentum in the market was evident as Solana struggled to maintain its position above key support levels. The decline over the weekend was a continuation of the downward trend that has been observed in recent weeks. This trend has raised questions about the long-term sustainability of Solana’s price movements. Despite the…

The Poll of 804 Democrats: Majority Favor Digital Assets and Innovation The recent poll conducted with 804 self-described Democrats revealed that a majority of respondents expressed support for core values related to digital assets and hailed the United States as a global leader in innovation. A Progressive View on Digital Assets The survey highlighted a growing acceptance of digital assets among Democrats, with a significant number of participants recognizing the potential benefits of blockchain technology and cryptocurrencies. This progressive stance signifies a shift towards embracing technological advancements in the financial sector. Moreover, the survey indicated that a majority of Democrats…

Lido Finance integrates stETH into BNB Chain Lido Finance recently made a significant decision to include its stETH (staking Ethereum) on the BNB chain, marking its first cross-chain initiative. This move, approved through an on-chain vote in the Lido Decentralized Autonomous Organization (DAO) on August 9, signifies a milestone for Lido as it ventures beyond the Ethereum ecosystem. Expanding Utility in DeFi Space By incorporating stETH into the BNB chain, Lido Finance expands its Total Value Locked (TVL) to engage with one of the top five chains by TVL in the decentralized finance (DeFi) realm. This development highlights Lido’s commitment…

The End of Recession Fear: Bank of America CEO’s Positive Outlook Bank of America CEO Brian Moynihan has made a bold statement by declaring that the highly feared U.S. recession is no longer a looming threat. According to Moynihan, the nation’s second-largest bank is no longer anticipating a recession, a significant turnaround from the concerns that were prevalent last year. Consumer Spending Trends Moynihan pointed out that consumer spending has softened, drawing on data from the bank’s 60 million customer base. Bank of America’s findings revealed that people’s spending only grew at a rate of about 3% in July and…

Intuit Dome: The New Performance Venue in Inglewood After a year of anticipation, the Inglewood’s Intuit Dome is finally ready to open its doors as a state-of-the-art performance venue. This week, music sensation Bruno Mars will be headlining the inaugural shows on Thursday and Friday, marking the beginning of an exciting new chapter for the venue. The Future Home of the Los Angeles Clippers With a staggering price tag of $2 billion, the Intuit Dome is not just a music venue but also the future home of the Los Angeles Clippers. Owned by Steve Ballmer, who also owns the venue,…