The cryptocurrency market has experienced a staggering downturn recently, with total valuations plummeting below the $2.8 trillion mark. The decline is characterized by significant losses across major assets, including Bitcoin (BTC) and Ethereum (ETH). Over a single week, Bitcoin has seen a dip of approximately 19%, while Ethereum’s situation is even more precarious, as its
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On February 28, a significant wave of Bitcoin options contracts is set to expire, totaling about 58,000 contracts with a collective notional value estimated at $4.7 billion. This particular expiry is noteworthy not just for the volume but also because it coincides with the end of the month, often a period when trading volumes and
The cryptocurrency market, particularly Bitcoin, has recently faced tumultuous price swings that have left many investors questioning the stability of their investments. As the market undergoes significant downward pressure, various analysts are weighing in, foreseeing potential bear markets or, at the very least, a cooling period following a surge in value. The discussion centers around
In a stark reminder of the growing dangers in the digital financial landscape, the FBI has linked a significant cyber heist on cryptocurrency exchange Bybit to North Korea’s notorious Lazarus Group. This incident, which saw hackers pilfer more than $1.5 billion worth of assets—specifically over 41,000 ETH—has stirred concerns among regulators and industry experts alike.
In a pivotal clarification released on February 27, the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance undertook a significant examination of memecoins—cryptocurrencies primarily driven by internet culture and speculation. The SEC concluded that these digital assets do not fall under the definition of securities as outlined by federal law, specifically under the
In the rapidly evolving landscape of cryptocurrency exchanges, security remains an ever-pressing concern. The recent hack of Bybit, which resulted in the compromise of approximately $1.5 billion, brought the spotlight onto Safe Wallet, the custodian of the digital assets in question. Following a forensic examination that revealed failures in Safe Wallet’s infrastructure rather than flaws
In a significant turn of events for the cryptocurrency market, Cameron Winklevoss, co-founder of the Gemini exchange, revealed that the United States Securities and Exchange Commission (SEC) has officially concluded its investigation into the platform. This announcement comes nearly two years after the probe began and follows the issuance of a Wells Notice to Gemini
The recent initiative by UK legislators to introduce the Crime and Policing Bill reflects an urgent response to the evolving challenges posed by digital currencies in the landscape of criminal activity. As cryptocurrencies become increasingly integrated into everyday transactions, their misuse in illegal schemes has raised significant concerns among law enforcement agencies. The bill not
Bitcoin has proven to be an unpredictable asset, and recent developments underscore this volatility. Following the announcement of a 25% tariff from former US President Donald Trump targeting imports from Canada and Mexico, Bitcoin’s price tumbled below the crucial $90,000 threshold. This incident highlights how external economic policies can dramatically influence cryptocurrency markets. Investors often
In a notable development within the cryptocurrency landscape, the U.S. Securities and Exchange Commission (SEC) has announced its decision to dismiss the enforcement action against Consensys. According to a February 27 statement, the SEC has reached an agreement in principle, pending final court approvals, to drop the case concerning alleged securities violations. This resolution arrives
