The cryptocurrency landscape often resembles a high-stakes game of chess where players must be perpetually vigilant. In recent developments surrounding WazirX, a prominent Indian crypto exchange, the situation took a dramatic turn with allegations of significant fund transfers without user notification. This controversy traces back to a $235 million hack that occurred in July, resulting
Crypto
In a monumental move that could reshape the landscape of just both fintech and cryptocurrency sectors, Stripe has successfully acquired Bridge, a prominent stablecoin platform, for a staggering $1.1 billion. This acquisition is noted as the largest in the cryptocurrency realm to date. The news broke via a post on X by Michael Arrington, founder
In the evolving world of cryptocurrency, few developments have captured attention as much as Pump.fun, the Solana-based platform dedicated to launching meme coins. Recently, this platform has been making headlines not only for its popularity but also for its impressive financial maneuvers. A recent report from Lookonchain disclosed that Pump.fun has been actively selling large
Meme coins have rapidly gained traction in the cryptocurrency market, creating a unique niche that attracts both investors and speculators alike. Unlike traditional cryptocurrencies, which often have underlying technological propositions or use cases, meme coins typically derive their value from community engagement and social media buzz. This approach, while risky, has led to considerable volatility
As the countdown to the US presidential election draws near, a notable shift has been observed in the realm of digital assets. Inflows recently hit a remarkable $2.2 billion, the most significant surge since July. This uptrend is largely attributed to a growing sense of optimism surrounding a potential Republican triumph in the elections, a
On October 21, BlackRock’s iShares Bitcoin Trust (IBIT) secured a remarkable influx of 4,869 BTC, translating into approximately $329 million. This significant movement contrasts starkly with the overall crypto market dynamics, which have recently been characterized by downturns and outflows from competing spot Bitcoin exchange-traded funds (ETFs) in the U.S. While many funds, barring Fidelity’s
In a significant move that could reshape the landscape of digital finance in Japan, Yuichiro Tamaki, the leader of the Democratic Party for the People (DPP), has outlined an ambitious plan aimed at fostering the growth of a token economy. If his party triumphs in the upcoming elections, Tamaki’s proposed crypto tax reform represents a
Bitget, a burgeoning name in the crypto world, has recently announced a phenomenal achievement: its native wallet has reached an impressive milestone of 40 million users. This figure represents a remarkable growth trajectory of over 100% since March 2024. By ascending to this level of engagement, Bitget is establishing itself as the second most downloaded
Bitcoin has once again captured the attention of both seasoned investors and newcomers alike, as it recently soared to an impressive $69,000—a noteworthy achievement not seen since late July. This remarkable rally marks a significant recovery from previous market dips and reflects growing investor confidence. The price had hovered between $62,000 and $63,000 just last
In a startling turn of events, the FBI recently apprehended Eric Council, a 25-year-old individual charged with orchestrating a deceptive tweet regarding the Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs). On January 9, a tweet falsely proclaiming the SEC’s endorsement went live on the agency’s X account, igniting a brief
