In recent days, the tech company MicroStrategy Inc. (MSTR) has witnessed a dramatic decline in its stock value, plummeting by an astonishing 35% from its peak of $535 on November 21. By Tuesday, the stock dropped to a low of $340 before experiencing a slight recovery, closing the trading day at approximately $353, as per
Crypto
In recent months, the rise of decentralized finance (DeFi) and meme coins has transformed the cryptocurrency landscape. Among these platforms is Pump.fun, a Solana-based meme coin generator that has faced significant scrutiny due to its live streaming functionality. Although aiming to create an engaging community platform, the chaos unleashed by the livestreaming feature has prompted
In the rapidly evolving world of cryptocurrency, security and vigilance are paramount. Recent reports have highlighted alarming cases of address poisoning, a sophisticated scamming technique that demonstrates how even the most experienced users can fall victim to fraud. One high-profile incident involved a cryptocurrency holder who suffered a staggering loss of over $3 million in
The cryptocurrency landscape is abuzz with activity, and among the myriad of platforms, the Base network is experiencing a noteworthy resurgence. Recent figures from L2Beat indicate that the total value locked (TVL) in Base’s ecosystem has seen a remarkable increase of over 5% within just a week, surpassing the significant milestone of $10 billion. This
In a bold move that signals a potential shift in traditional finance, Howard Lutnick has announced his plan to launch a significant $2 billion initiative aimed at facilitating loans using Bitcoin as collateral. This ambitious project, reported by Bloomberg on November 24, is expected to ultimately scale into the tens of billions of dollars. The
Binance, the leading cryptocurrency exchange globally, is taking significant strides to enhance the trading experience for its users. The platform has announced the introduction of new monthly options contracts along with an array of new trading pairs tailored for margin trading. Effective from November 26, traders will gain access to European-style options for Solana (SOL)
In the wake of Donald Trump’s victory in the recent U.S. elections, the cryptocurrency market has experienced an unprecedented bull run, notably led by Bitcoin. From a position below $70,000 to surpassing the $99,000 milestone, Bitcoin’s ascent has captured the attention of investors and analysts alike. This noteworthy surge illustrates not only the asset’s volatility
Over the past few days, the cryptocurrency market has experienced a remarkable rally, but the momentum appears to be fluctuating as we enter a new week. This shift from a bullish sentiment to a cooling phase raises questions about the sustainability of the gains observed. As digital assets correct, traders and investors alike are analyzing
The digital landscape continues to evolve, and amid this transformation, Truth Social, a social media platform spearheaded by Trump Media and Technology Group (TMTG), is now setting its sights beyond mere social networking. The organization, primarily owned by former U.S. President Donald Trump, has taken steps to trademark a new digital currency payment service named
In a significant legal development, BIT Mining, a notable player in the cryptocurrency mining industry, has faced serious allegations regarding bribery. The company has reached a settlement with U.S. authorities, specifically concerning violations of the Foreign Corrupt Practices Act (FCPA). The charges stem from purported efforts made between 2017 and 2019 to bribe Japanese government
