Bitcoin is on the edge of a historic breakthrough, approaching the six-figure mark for the first time amidst a striking rally that has captured the attention of both investors and analysts. As the largest cryptocurrency steadily climbs towards $100,000, altcoins are also enjoying significant momentum, carving out their place in the market spotlight. This phenomenon
Crypto
In a surprising twist within the cryptocurrency world, the recent announcement by SEC Chair Gary Gensler about his impending departure from the agency has provoked a significant reaction in the market, particularly concerning XRP. Since Gensler’s disclosure that he would step down on January 20, 2025, coinciding with Donald Trump’s inauguration as the 47th president
In November 2019, South Korea’s Upbit, one of the leading cryptocurrency exchanges, fell victim to a significant cyberattack, culminating in the theft of approximately $50 million worth of Ethereum (ETH). The investigation into this breach culminated in a startling revelation: North Korean hacking groups, notably Lazarus and Andariel, were identified as key players in orchestrating
On November 21st, the Sui Network, a Layer 1 blockchain, faced a significant operational setback that halted block production on its mainnet. This disruption lasted for two hours, effectively grounding the network’s ability to process transactions. The incident drew considerable attention given Sui’s ambitions to compete with established networks like Solana, inviting scrutiny not only
In an unprecedented move, a Bankruptcy Judge of the Southern District of New York has sanctioned Celsius Network’s groundbreaking method for serving legal notices, which involves utilizing non-fungible tokens (NFTs) as a means of digital communication. This decision emerges from the company’s ongoing bankruptcy proceedings, wherein it is striving to reclaim funds purportedly lost due
In the rapidly evolving world of cryptocurrency, scams are unfortunately common. The Shiba Inu (SHIB) community, known for its fervent supporters and large user base, is particularly susceptible to fraudulent activities. Recently, reports have surfaced that scammers are impersonating developers of the Shiba Inu project to promote counterfeit tokens. This alarming trend has led to
On November 17, 2024, Binance launched its new token, BFUSD, which generated buzzing speculation across the cryptocurrency community even before it was officially introduced. This new financial instrument claims to offer a staggering 19.55% annual percentage yield (APY). Such a high yield presents a compelling alternative to traditional stablecoins, drawing attention from users seeking greater
Heather Morgan, known to many as the rapper “Razzlekhan,” has recently found herself at the intersection of creativity and criminality. With her arrest and subsequent sentencing for money laundering related to the notorious 2016 Bitfinex hack, Morgan’s public persona has undergone a dramatic transformation. What was once seen as an eccentric entertainment career now bears
As the world of cryptocurrency continues to expand, its intersection with mainstream politics is becoming increasingly apparent. The potential meeting between Coinbase CEO Brian Armstrong and President-elect Donald Trump highlights the importance of crypto-friendly personnel in shaping the industry’s future. The implications of such appointments could resonate throughout financial systems, affecting regulations and positioning the
In a recent turn of events, discussions between Charles Hoskinson, the visionary founder of Cardano, and Brad Garlinghouse, the chief executive officer of Ripple, have stirred excitement in the cryptocurrency community. This important dialogue signals potential collaborative ventures that could reshape the strategies of both blockchain platforms. The recent apologies and reconciliatory gestures made by
