The recent exploit of Radiant Capital, which resulted in the theft of approximately $52 million worth of cryptocurrency, serves as a stark reminder of the vulnerabilities persisting within decentralized finance (DeFi) platforms. As witnessed on October 16, the lack of robust security measures, despite previous incidents, has left the platform exposed, inviting scrutiny of the
Crypto
Formerly at the helm of Celsius, Alex Mashinsky finds himself facing a daunting array of legal challenges as he prepares for a court appearance on November 13, 2023, in the Southern District of New York. This hearing is particularly significant, as it comes at a critical juncture for Mashinsky, who is battling serious allegations including
Michael Saylor, the founder of MicroStrategy and a prominent figure in the Bitcoin community, recently stepped into a whirlwind of controversy regarding his views on Bitcoin custody. His comments suggesting that institutional players like BlackRock and Fidelity present a safer choice for holding Bitcoin have ignited a spirited debate within the crypto sphere. While Saylor
The cryptocurrency market is rife with speculation, predictions, and strategic analysis as investors attempt to navigate the complexities of digital assets. One of the most compelling focal points in this realm is XRP, the native token of Ripple, which has reportedly struggled in 2023 yet holds immense potential in the eyes of certain analysts. As
Ethereum’s market landscape is exhibiting signs of volatility, primarily manifested through an escalating Estimated Leverage Ratio (ELR). This metric, which serves as a barometer for market sentiment, indicates a troubling trend where an increasing number of traders are engaging in highly leveraged short positions. As highlighted by market analyst ShayanBTC, recent data implies that many
The landscape of cryptocurrency regulation in the United States continues to be tumultuous, primarily under the leadership of Gary Gensler, the chair of the Securities and Exchange Commission (SEC). In a recent interview with Bloomberg, Gensler articulated the SEC’s dedication to upholding existing securities laws, reinforcing a stringent enforcement mechanism that has faced significant criticism
The cryptocurrency market is undergoing a notable transformation as major whale transactions skyrocket, particularly for a few select projects. At the forefront of this phenomenon is ApeCoin (APE), an ERC-20 token associated with the Bored Ape Yacht Club (BAYC). Recent data highlights a jaw-dropping 2102.56% increase in transactions exceeding $100K within just a week, a
In the volatile world of cryptocurrency, Bitcoin has recently encountered significant headwinds as it failed to maintain momentum following a brief rise in value. After initially surging from $62,500 to nearly $69,000 within a week’s time, Bitcoin’s inability to break through the critical $70,000 threshold has led to a swift price correction. The cryptocurrency has
In a recent interview with CNBC on October 22, billionaire investor Paul Tudor Jones shed light on a pressing concern impacting economies worldwide: inflation. Jones posited the provocative notion that “all roads lead to inflation.” By emphasizing inflation’s pervasive influence on various asset classes, his statements have generated considerable attention and debate among market watchers.
Recently, the Indian cryptocurrency exchange WazirX has found itself at the center of controversy due to allegations that it transferred approximately $75 million in cryptocurrency assets to other major exchanges without prior notification to its users. This situation emerged from a legal context involving a moratorium provided by a Singapore court following a notable hacking
