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The recent cyberattack that preyed upon Bybit and Safe, resulting in an astonishing loss of $1.4 billion, has sent ripples through the cryptocurrency and blockchain security community. Although initial reports suggest that Bybit’s core infrastructure remained intact during the attack, a critical vulnerability in a developer’s machine proved to be the gateway for the hackers,
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In the ever-shifting universe of cryptocurrency, Bitcoin stands as a beacon of both opportunity and volatility. Recent findings by crypto analyst Kevin Capital shed light on the dynamics at play, particularly concerning liquidation data. Notably, there is an overwhelming $16 billion in potential short liquidations from Bitcoin’s current price up to the astronomically high level
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The recent debacle surrounding Bitcoin’s price has sent shockwaves throughout the cryptocurrency landscape, particularly for those who had confidently entered the market with high price expectations. After reaching an almost mythical $100,000 threshold, the currency took a dramatic turn, crashing below the $90,000 mark. This abrupt decline has left many within the investment community questioning
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Bitcoin, the leading cryptocurrency, saw a significant decline in value, plummeting to $86,099 on February 26th. This steep drop resulted in a staggering loss of approximately $1.06 billion from the total market capitalization of the cryptocurrency sector. Such substantial price movements are rarely isolated incidents; they often carry broader implications for the market, eliciting responses
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The United States spot Bitcoin exchange-traded funds (ETFs) have recently undergone a tumultuous phase marked by a staggering downturn in investor confidence. Over the course of just six days, these funds experienced an unprecedented outflow, culminating in nearly $938 million exiting on a single day—this figure represents the largest recorded withdrawal in the history of
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On February 25, 2023, Aya Miyaguchi marked a pivotal moment in her career by announcing her transition from Executive Director to President of the Ethereum Foundation (EF). This move, contemplated for over a year, indicates her commitment to guiding one of the most significant platforms in the blockchain universe. In her statement, she reflected on
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In a stunning turn of events, Bitcoin experienced an unprecedented crash, resulting in a dramatic decrease of over 10% within a mere 24-hour period. This plunge not only diminished Bitcoin’s market value by approximately $10,000 but also reverberated throughout the entire cryptocurrency ecosystem, leading to staggering liquidation amounts totaling around $1.6 billion. Such extreme volatility
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Bitcoin (BTC), the most prominent cryptocurrency, has faced turbulent days lately, witnessing a significant decline in value. This drop, amounting to nearly 13%, highlights the volatile nature of cryptocurrencies, heavily influenced by macroeconomic trends and regulatory developments. As investors scramble to understand the implications of these events, it is crucial to delve into the intricate
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The digital asset management landscape is witnessing significant upheaval, particularly with Grayscale Investments at the forefront. Recently, the SEC has taken the critical step of acknowledging Grayscale’s application to launch a spot Cardano (ADA) exchange-traded fund (ETF) in the U.S. This move is notable, considering the increasing interest in cryptocurrency-focused ETFs. Grayscale, which already holds
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In a significant turning point, OKX has taken a bold step towards rectifying its regulatory missteps by agreeing to a settlement of $500 million with U.S. authorities. This decision comes in the wake of serious allegations regarding its compliance practices, spotlighting the broader challenges faced by cryptocurrency exchanges in adhering to regulatory standards. On February
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