On October 7, 2024, Bitget’s BGB token experienced a dramatic drop in value, plummeting by 50% within a matter of hours. This sudden decrease sent ripples through the cryptocurrency community, raising concerns among investors and platform users alike. The token’s price fell from $1.14 to $0.64 before beginning a slow recovery. Such extreme volatility in
Crypto
Japanese firm Metaplanet, listed on the Tokyo Stock Exchange, is making headlines with its latest acquisition of 108.786 Bitcoins, amounting to approximately 1 billion yen or $6.7 million. This acquisition not only reinforces its position as a significant player in the cryptocurrency arena—often dubbed Japan’s MicroStrategy—but also accentuates its bullish outlook on Bitcoin. Following this
In early October, Shiba Inu (SHIB) faced a challenging period marked by a downturn that left many investors anxious. However, a recent surge, where SHIB’s price increased by 4%, has reignited speculation about its future trajectory. Analysts are cautiously optimistic, forecasting that the cryptocurrency may experience a rally of up to 130% if certain critical
Recent trends indicate a significant shift in the sponsorship landscape of the Premier League (PL), with teams embracing cryptocurrency firms as key sponsors for the 2024/25 season. A report by Bloomberg revealed that PL clubs have secured an unprecedented $170 million in sponsorship agreements with various crypto companies. This emerging trend reflects a proactive adaptation
On October 2, 2023, Taiwan’s Financial Supervisory Commission (FSC) announced significant updates to its Anti-Money Laundering (AML) framework, particularly targeting local virtual asset service providers (VASPs). This proactive step signifies Taiwan’s commitment to enhancing oversight of its rapidly evolving crypto ecosystem. The revised regulations aim to address compliance failures and ensure that VASPs adhere to
The third quarter of 2024 marked a significant shift in the cybersecurity landscape, as reported by Hacken, with only 28 hacking incidents recorded. This is the lowest number in three years, suggesting a potential improvement in preventive measures or a temporary decline in hacker activity. Despite this drop, the total losses reported reached a staggering
Recent events in the Middle East have had a noticeable influence on the cryptocurrency market, particularly concerning the performance of spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States. Following a series of strong net inflows, which saw Bitcoin ETFs attracting over $1.1 billion in a remarkably short period, market sentiment shifted dramatically
Wrapped Bitcoin (WBTC) has established itself as a leader in the tokenized Bitcoin sector, thanks to a collaborative effort by BitGo, Kyber Network, and Ren. This innovative token faithfully represents Bitcoin in a 1:1 ratio on decentralized platforms such as Ethereum and Solana, enabling users to engage with Bitcoin within the decentralized finance (DeFi) ecosystem.
The recent sale of a CryptoPunk NFT for an astonishing $56.3 million has ignited conversations and suspicions alike. CryptoPunk 1563, which features a pixelated woman sporting dark hair and blue eyes, was sold for a staggering 24,000 ether (ETH). This transaction, however, wasn’t merely a regular exchange but rather a spectacle that has raised eyebrows
OpenSea was once a titan in the realm of non-fungible tokens (NFTs), but recent developments have cast a pall over its operations. The marketplace, which thrived in the wake of the NFT boom in 2021, now grapples with a significant decline in user engagement and personnel turnover. This stark transition has prompted concerns about its
