In a stark reminder of the vulnerabilities within the cryptocurrency ecosystem, Stablecoin Bank Infini has recently experienced a significant security breach, resulting in the theft of approximately $49 million in USDC. This event underscores a broader crisis in the crypto space, where security flaws can lead to catastrophic losses. The infraction was traced back to
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The cryptocurrency landscape is no stranger to scandals, and the recent upheaval surrounding OX.FUN is a stark reminder of the unpredictable nature of digital asset exchanges. Linked to the infamous Three Arrows Capital — overseen by Su Zhu and Kyle Davies, who are currently embroiled in bankruptcy proceedings — OX.FUN faces allegations of financial misconduct
Bitcoin, the trailblazer of cryptocurrencies, recently faced a notable dip below its 100-day moving average, settling around $98K and hovering dangerously close to the important $95K support level. This price movement has raised alarms among investors, as it illustrates a shift in market dynamics characterized by an increase in selling pressures that lack robust bearish
The cryptocurrency market has recently faced headwinds, with Bitcoin’s price wobbling significantly below the previously stable threshold of $96,000. After showcasing signs of resilience throughout the previous weekend, the leading cryptocurrency saw a steep decline to a multi-week low, hovering under $93,500 as the new business week commenced. Despite a valiant attempt to recover—all thanks
Recent analyses of economic reports have exposed some troubling patterns within the US economy. Notably, the service-sector Purchasing Managers’ Index (PMI) reached its lowest point in over two years, suggesting that the resilience once attributed to the economy may be overstated. This downturn raises flags for investors as they brace for the upcoming release of
The stablecoin market is rapidly evolving, and the unveiling of USP, a new decentralized stablecoin, marks a significant step in this direction. Co-founded by Reeve Collins, one of the creators of Tether, USP aims to not only enter this competitive landscape but to challenge the dominance of established players like USDT and USDC. Scheduled for
In recent years, the landscape of financial fraud has dramatically shifted, revealing a concerning new trend: the emergence of pig butchering scams specifically targeting younger, tech-savvy individuals. This marks a significant departure from the traditional demographic of older adults who have historically been the primary victims of such schemes. As technology continues to permeate every
Cardano (ADA) finds itself in a precarious position within the cryptocurrency market, trading around the $0.80 mark. This price represents a dramatic decline of over 40% from its peak in December. Despite this downturn, there is still an air of optimism surrounding the network, especially after its founder, Charles Hoskinson, made strong claims about Cardano’s
The cryptocurrency market is notoriously volatile, and the demand for Bitcoin exchange-traded funds (ETFs) in the United States has seen a significant downturn recently, particularly throughout February. It appears that investors are losing interest when it comes to making purchases through these investment vehicles, especially as indicated by data from FarSide. The month has been
The financial arena has become increasingly interesting over the past few months as Bitcoin and gold have experienced dramatically different price movements. This divergence raises questions about the future of cryptocurrencies, particularly Bitcoin, and highlights the complex dynamics influencing investor sentiment. Both assets serve as barometers for the economic climate, and understanding their contrasting trajectories
