In a startling case that sheds light on the vulnerabilities within the cryptocurrency sector, a 21-year-old man from Lebanon, Indiana, named Evan Frederick Light, has confessed to orchestrating a significant fraud scheme that resulted in over $37 million in losses for nearly 600 victims globally. The incident underscores the persistent menace posed by cybercriminals in
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Bitcoin, the trailblazer of cryptocurrency, has recently encountered fluctuations that have triggered both concern and curiosity among investors and traders. After reaching a notable peak near $66,000, it has since retreated about 4%, a scenario that raises questions about the future trajectory of this digital asset. While a downward movement can often signal a bearish
In a significant move indicative of the evolving landscape of cryptocurrency exchanges, Bithumb—the second largest crypto trading platform in South Korea—has announced its plans to pursue a potential public listing in the United States. This revelation, shared during a shareholders’ meeting on September 30, signals Bithumb’s aspirations not only to enhance its operational footprint but
In a significant development within the cryptocurrency ecosystem, Bitwise Asset Management has officially filed for an XRP exchange-traded fund (ETF) in Delaware. This move represents an important milestone in the evolving landscape of institutional investments in cryptocurrencies, specifically targeting Ripple’s native asset, XRP. The news broke on October 1, when Fox Business reporter Eleanor Terrett
On October 2, 2023, the United States Court of Appeals for the District of Columbia Circuit delivered a pivotal judgment regarding the legality of prediction markets focused on U.S. elections. The court dismissed an appeal made by the U.S. Commodity Futures Trading Commission (CFTC), which sought an administrative stay on a prior ruling favoring the
Bitcoin, the leading cryptocurrency, has had a rollercoaster journey throughout September 2023. While the month saw an initial bullish momentum, leading to a closing green candle, the coin ultimately stumbled below the significant psychological barrier of $65,000. This price shift has stirred a blend of uncertainty and skepticism among investors, as indicated by fluctuations in
On October 2, a crucial development in the ongoing legal saga between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) emerged; the SEC filed a notice of appeal against a landmark 2023 ruling that favored Ripple. The ruling from Judge Analicia Torres deemed that the secondary sales of Ripple’s XRP token do not
As we step into October, often referred to within the crypto sphere as “Uptober,” market experts are buzzing with excitement about Bitcoin’s potential. After experiencing a seesaw journey in the weeks preceding, Bitcoin appears to be regaining steam, leading many investors and analysts to reevaluate their expectations for the remainder of 2024. Contributing to this
In a significant move reflecting the evolving landscape of cryptocurrency regulation, Kraken has announced the cessation of support for Monero (XMR) within the European Economic Area (EEA) by the end of October 2024. This decision, revealed in an official statement on October 1, exposes the tension between regulatory compliance and the inherent privacy features that
Charles Hoskinson, the founder of Cardano and CEO of Input Output, was recently honored in Zug, Switzerland, at the ETH10X event. This milestone celebration coincided with the Ethereum Foundation’s 10th anniversary, marking a decade of innovation and growth within the blockchain ecosystem. Hoskinson, alongside seven other co-founders of Ethereum, received a prestigious award from the
